Case Discussion – No.1 Dixon Ticonderoga – Victim of Globalization 1. The reasons for cost advantage in Chinese pencil production: a. Cheap labor availability China is a country with high population and the labour is cheap compared to the US labour which results lowering of the cost. b. Availability of raw materials The raw material could be cheaper in China compared to the sources which US is being supplied for the pencil production. c. Quality parameters Compared with US the quality
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equals zero: To adjust beta in accordance with project we assume that in the long-run Dixon will maintain its target debt-to-capital ratio in proportion of 35%. Thus‚ we get the following beta asset of the project that accounts for Dixon’s capital structure: Betaproject = 0.94/(1-0.35) = 1.45 RE = Rf + Bproject*(Rm-Rf) = 9.5% + 1.45*6.45% = 18.85% Cost of debt We assume that cost of debt equals 11.25% as Dixon issue bonds at this rate for the purpose of this project financing. Marginal tax rate
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Percentage of completion method a. 2013 2014 2015 2016 Construction costs Incurred to date $ 300‚000 $ 1‚400‚000 $2‚263‚000 $3‚100‚000 Estimated costs to complete 2‚200‚000 1‚400‚000 837‚000 — Total estimated costs $2‚500‚000 $ 2‚800‚000 $3‚100‚000 $3‚100‚000 Percent (%) completed 12% 50% 73% 100% Revenue to date $ 360‚000 $ 1‚500‚000 $ 2‚190‚000 $3‚000‚000 Revenue recognized —current $ 360‚000 $ 1‚140‚000 $ 690‚000 $ 810‚000b Construction expense
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“From the toolbox the boy took out‚ of all things‚ a teddy bear. He reached in through the torn windshield and placed it on the pilot’s chest.”“The book thief has struck for the first time – the beginning of an illustrious career.”“Then they discovered she couldn’t read or write.”“Unofficially‚ it was called the midnight class‚ even though it commenced at around two in the morning. ““The last time I saw her was red. The sky was like soup‚ boiling and stirring. In some places it was burned. There
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Journal Entry 1: “The Custom House” Romanticism is a style of literature that involves literary‚ artistic and philosophical movement that was originated in the 18th century in Europe. How the author of the book Nathaniel Hawthorne family history contributes to his attitude towards “The Custom House” and his place of society is how he look back in time to his forefather that lived on land and how their religion must of been. Then also to just a give a background of his life that relates. How
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Rabbit-Proof Fence Personal Response Dear diary‚ It had felt like an eternity but the day had finally given way to night. The departure of the daylight offered my sunbaked skin refuge from the dry heat that constantly pressed down on me. My weary muscles lent me just enough energy to lift my heavy head and scan the horizon to ensure that the Tracker was long gone. Occasionally‚ I glanced up and gazed upon the colorful specks of light that were interspersed within the inky black sky. It was heart-wrenching
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grades for the following assignments: A double-entry journal A rhetorical analysis (Rubrics are on the last page) Double-Entry Journal: The purpose of this activity is for you to be an active reader and thinker during your reading of the text; it is not formal writing. It is a place to record and explore ideas using writing as a tool for learning. This journal‚ in essence‚ is a log that records the conversation that you are having with the book. This journal will assist you in compiling textual evidence
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Luck is on Wiesel’s Side"I am too old‚ my son‚" he answered. "Too old to start a new life. Too old to start from scratch in some distant land…" (9)This scene where Elie’s father rejects his son’s request to liquidate everything and flee from the place where the extermination of Jews may occur‚ reminds me of a vivid conversation I once engaged in‚ with my two former North Korean grandparents. The Korean War (1950-53) and the Holocaust (1938-45) are in most aspects different‚ however‚ there is a heartbreaking
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Quote | Reflection | Regardless of the fact that these measures often are used to predict student performance‚ a teacher’s recorded school achieve-ment seldom has correlated strongly with classroom performance (Pg.3) | I can certainly agree with this quote given that academic performance of teacher does not mean he or she is well equipped or suited to teach a certain subject matter. This touches home with me because my background is business. While I did instruct and facilitate many times in
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1. Passage 1 (page[s] 170). “At Least half of my anger at you was sheer resentment that you had done something that I knew‚ buried deep in my heart‚ I should have done. But you weren’t the cause of my joining up either.. . you merely helped trigger it and you did control the service that I chose.” Here Juan’s Father is explaining to him why he decided to join the Mobile Infantry after he practically excommunicated Juan from the family a few years ago for doing the very same thing. Juan’s Father
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