BSP2005 Group Case Study ING Insurance Asia/Pacific Introduction ING group is a global financial institution of Dutch origin‚ currently one of the 20 largest financial institutions globally. Currently‚ ING’s business is organized into six product lines in the Banking and Insurance industry; they are retail banking‚ wholesale banking and ING direct in the banking sector and insurance Europe‚ insurance Americas and insurance Asia/Pacific in the insurance industry (ING‚ 2012). The company
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described in the article is business application. According to the www.wikipedia.org‚ retrieved July 3‚ 2012‚ “business application” is generally any software program that helps business increase productivity or measures their productivity. In this case‚ applications were used in the hospitals‚ delivery companies to assist the employees with an easy access to the needed resources‚ including work e-mails‚ databases‚ personal records etc. That means the kinds of applications include e-mails‚ calendars
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Case Study I Solution The following cost items are needed before a schedule of cost of goods manufactured can be prepared: Materials used in production: Prime Costs $545‚000.00 Less Direct Labor Cost $220‚000.00 Direct Materials Cost $325‚000.00 Manufacturing Overhead Cost: Direct Labor Cost/ Percentage of Conversion Cost: rounded to nearest dollar ( this is total
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CIS 500 - CASE STUDY – The Big Data Challenges by CIS 500 Professor: October 28‚ 2013 CASE STUDY 1 Introduction In year 2010‚ Volvo Car Corporation separated from Ford and integrated the cloud infrastructure into its network. They needed to build up a new individual Information Technology infrastructure that could provide better business‚ increase communication capabilities and improve collaboration. This paper is going to explicate how Volvo Car Corporation transforms data into
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Sovereign Millwork‚ Ltd.‚ produces reproductions of antique residential moldings at a plant located in Manchester‚ England. Because there are hundreds of products‚ some of which are made only to order‚ the company uses a job-order costing system. On July 1‚ the start of the company’s fiscal year‚ inventory account balances were as follows: Raw Materials | £10‚000 | Work in Process | £4‚000 | Finished Goods | £8‚000 | The company applies overhead cost to jobs on the basis of machine-hours.
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Case Study I Materials purchased $325‚000 Direct Labor $220‚000 Sales $1‚350‚000 Gross Margin 30% Cost of Goods Available for Sale $1‚020‚000 Prime Costs $545‚000 Manufacturer Overhead 65% of Conversion cost Direct Materials $325‚000 Beginning Inventory numbers: Raw Materials $41‚000 Works in Process $56‚000 Finished Goods $35‚000 Formulas: Prime cost = Direct Materials cost + Direct Labor cost Conversion cost = Direct Labor cost
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a) Contribution margin= Sales per unit - Varibale expenses per unit $160 - $70 $90 Break even point in passengers = Fixed expenses / Unit CM 3‚150‚000 / 90 35‚000 units Break even point in revenues per month = Unit sales to break even X Sales per unit 35‚000 X $160 $5‚600‚000 b) Break even point in number of passenger cars per month * 90 X 70% 35‚000 / 63 63 555.5555556 or 556 Cars c) Break even point in
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Evaluating a Company’s Budget Procedures Springfield Corporation operates on a calendar-year basis. It begins the annual budgeting process in late August‚ when the president establishes targets for the total dollar sales and the net income before taxes for the next year. The sales target is given to the Marketing Department‚ where the marketing manager formulates a sales budget by product line in both units and dollars. From this budget‚ sales quotas by product line in units and dollars
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Week 9 case study ING Direct Question 1: what level of the product hierarchy has ING Direct leveraged and how does this create value for both customers and the shareholders of ING Direct? ING Direct has leveraged the product from basic product to augmented product. Basic product from a bank industry is simply providing bank service through branch or call centre‚ which has meet core need of their target customer. The introduction of virtual Internet banking‚ which has exceeded the customer expect
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Universidad de La Laguna ING DIRECT; NEW CONCEPT OF BANKING SERVICES INGLÉS EMPRESARIAL 10.12.2012‚ Santa Cruz de Tenerife TABLE OF CONTENTS 1. ING DIRECT3 2. STRATEGY3 3. PRODUCTS4 4. THE HISTORY OF ING4‚5 5. ING DIRECT CAFES5 6. ING IN SOCIETY6 7. ING CHARITES ALL OVER THE WORLD6 8.1. SICK KIDS FOUNDATION6 8.2. RAISING THE ROOF7 8.3. CENTRE FOR SOCIAL INNOVATION7 8.4. IVEY SCHOOL OF BUSINESS7 8.5. CHILDREN’S WISH7
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