ALL ANSWERS ASSUME A TAX RATE OF 35% Even though the tax rate appears to be 1720 / 6725 = 25.57% In answering the following questions‚ please refer to the financial statements of Caterpillar Inc. (CAT) and the relevant Notes to these statements at the end of this write-up. 1. What could be the cause(s) for the shift in LIFO-based inventory from 70% at December 31‚ 2010 to 65% at December 31‚ 2011? A decrease in the replacement cost for Cat’s inventories‚ or an increase
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The Four Modernizations 1975‚ China. An idea conceived by Zhou Enlai was made into effect by Deng Xiaoping‚ the current Chairman of the CCP. His goals were only for the benefit of the country and never had he thought of doing wrong to his people. The idea that was put into effect was called “The Four Modernizations”. He tried to improve four points in the Chinese economy that would mend the mistakes created by past events such as the Cultural Revolution. But how exactly did he accomplish this‚ if
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Modernization from Consumption of Sugar According to Wikipedia‚ “modernity” is defined as a post-traditional period that is marked by the move from feudalism towards capitalism and industrialism. From the sixteenth century through the nineteenth century‚ many countries and economies progressed towards a more modern environment. Many factors contributed to the push for modernity; however‚ the sugar industry exhibited major influence throughout the world. Once sugar cane was established in
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http://angelinajao.wordpress.com/2002/10/29/caterpillar-vs-komatsu-four-decades-of-global-competition/ http://www.doc88.com/p-844510545043.html For more than 75 years‚ Caterpillar Inc. has been building the world’s infrastructure‚ and in partnership with Caterpillar dealers‚ has allowed for positive and sustainable change on every continent. A Fortune 100 company‚ Caterpillar is the world’s leading manufacturer of construction and mining equipment‚ diesel and natural gas engines‚ and industrial
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Modernization is the process of social change that was begun by industrialization (Macionis‚ 2006). The process of modernization occurs when a society transforms from a rural and agrarian condition to an urban‚ secular‚ and industrial condition (Britannica Concise Encyclopedia‚ 2008). Modernization manifests itself in the United States in many different ways and concepts. Some of the ways that it is manifested in the U.S. is summarized by Peter Berger. According to Peter Berger there are four
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Period 1 1/13/12 Modernization is a process of modernizing a way of life. South Africa and China both attempted to modernize for a beneficial outcome. China was successful at modernizing and benefited greatly. South Africa resisted modernization and in the end suffered from harmful effects. South Africa and China both modernized in their own way. China attempted to modernize from the struggles that were present in the country. In China‚ modernization occurred later than then most
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Modernization is the process in which social and economic change is obtained through industrial revolution‚ urbanization and other social changes that alters people’s lives. Modernization promotes individualism over the unity of traditional communities and encourages rationality over traditional philosophies. Modernization can have both positive and negative effects on society and can often bring about controversy. The German sociologist Ferdinand Tönnies (1855-1937) formed the theory of Gemeinschaft
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Tuesday‚ 16 October 2012 [Essay] Modernization and Westernization are not Identical Concepts Introduction The battle between the east and the west still continues as each try to preserve its culture and assert its powers. Just as the fight to be superpowers continues‚ the west and east continue to outdo each other in other aspects. The concept of modernization means an evolution from traditional society practices to modern social status. Modernization has brought about transformation of societies
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Modernization is the process in which social and economic change is obtained through industrial revolution‚ urbanization and other social changes that alters people ’s lives. Modernization promotes individualism over the unity of traditional communities and encourages rationality over traditional philosophies. Modernization can have both positive and negative effects on society and can often bring about controversy. The German sociologist Ferdinand Tönnies (1855-1937) formed the theory of Gemeinschaft
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MODERNIZATION THEORY Introduction: Modernization is an inherently optimistic concept for it assumes that all countries eventually experience economic growth. This optimistic must be understood in the historical context of post war prosperity and growth in the north and independence of many southern colonies along with the growth of national markets and trades. The theory of modernization turns out into the high mass consumption and urbanization. The theory of economic growth is an alternative
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