Make good decisions. Do the right thing‚ no matter who is watching. Those words have been repeated and instilled in my mind since I was a young child. My parents always harped on doing the right thing‚ and making good choices‚ because some decisions made at an early age can follow you into adulthood. Unfortunately‚ sometimes making a wrong decision only helps you to learn from the mistake. When I was 15 years old‚ my friend *Alyssa Brown (Pseudonym) was raped. She was my best friend and someone I
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Pham Ngoc Phuong Trinh K38.751.142 There is the saying “Study not what the world is doing‚ but what you can do for it” which implies how you can apply what you study in your daily life. This Internship has brought me a chance to practice what I have learned at the university. My main concern is to work at the HR department‚ I applied many jobs that relevant to that field. Surprisingly‚ I was employed by Tinh Te company in a Sales Representative position. I felt extremely nervous because I have no
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PROFITABILITY? Although the company seems to be profitable‚ it has faced shortage of cash. It happened due to increase in Accounts Receivable as well as Inventories. On the other hand‚ Accounts Payable does not increase that rapidly and difficulties regarding cash collection become evident. Furthermore‚ the cash collection cycle becomes larger (59 days in year 2003‚ while more than 70 in year 2006). QUESTION 2 HOW HAS MR. WILSON MET THE FINANCING NEEDS OF THE COMPANY DURING THE PERIOD 2003 THROUGH
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Riordan Manufacturing Relocation Management Plan PM/571 Riordan Manufacturing Relocation Management Plan Project Objective: Relocating Riordan Manufacturing from Hangzhou to Shanghai. Project Justification: The relocation of Riordan Manufacturing involves relocating all operations from Hangzhou to Shanghai. The decision for this relocation is the fact that the company’s Chinese partners already have the necessary facilities in place. Also‚ because of the proximal to the Qiantang River‚ there
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Chapter 2 Selected Solutions Job-Order Costing for Manufacturing and Service Companies P2. [LO 3]. a. Terra Cotta Designs Schedule of Cost of Goods Manufactured For the Year Ended December 31‚ 2011 Beginning balance in work in process $ 600‚000 Add current manufacturing costs: Direct material: Beginning balance $ 400‚000 Purchases 1‚000‚000 Ending balance (200‚000) $1‚200‚000 Direct labor 2‚100‚000 Manufacturing Overhead 600‚000 3‚900‚000 Total 4‚500
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Case 4-3: Portland Bus Company Situation: Richard Kaplan is a buyer of Materials Department at Portland Bus Company. Reports to David‚ director of Material Department Be responsible for sourcing fabricated metal components PBC was owned by Dawe Motors First use of reverse auctions assisted by Laura Henning‚ business consultant for Bothe US operations Approximately 290 components Involving 7 suppliers Current situation Total annual purchases were approximately $250‚ and about $60 million to
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Case study : The Sincere Company Limited ( SWOT ) Strength: 1. Personal Finance : the company was founded by a Chinese businessman‚ Mr Ma Ying-pui‚ together with 11 other shareholders‚ with capital of HK $25‚000 2. Competive adv. : Several new business practices‚ such as a ’ one-price policy ’‚ issuing receipts for transactions and employing women in the salesforce 3. Growth rate : From 1909 ‚ the sales volume increased every year after they incorporated in Hong Kong as a limited company
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Case Study: Kristen’s Cookie Company Key questions to answer before you launch the business: 1) How long will it take you to fill a rush order? If we consider that one order is a dozen‚ the flow time is 26 minutes for the first order. 2) How many orders can you fill in a night‚ assuming you are open four hours each night? (4 hours = 240 minutes) If we consider that one order is a dozen‚ it will take me: * For the first order: 26 minutes * For the second order: 20 minutes
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Principles of Individual Decision-Making Every day‚ people make decisions of varying degrees of importance. According to Hubbard & O’Brien‚ the issues discussed in economics are illustrated by a basic fact of life: that people must make choices as they try to attain their goals. Economics is the study of the choices people make to attain their goals given their scarce resources (Hubbard & O’Brien‚ 2010). Each individual will vary as to the outcome of their decision based on the situation‚ but the
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A dyes making company decide how to allocate next week’s time on making dyes. The company takes various chemical as input‚ and can produce two type of dyes used for making clothes. The company’s two products come off at different rates: Tons per hour: Rit :200 Direct: 140 and they also have different profit: Profit per ton Rit: $25 Direct: $30 To further complicate matters‚ the following weekly production amounts are the most that can be justified in light of the currently booked orders:
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