Dixon Ticonderoga Dixon Ticonderoga is one of the oldest public companies in the United States. The company’s flagship product is the ubiquitous No. 2 yellow pencil‚ introduced in 1913‚ which is known to almost anyone who went to school or took standardized tests in the United States. With annual revenue of a little more than $100 million‚ Dixon Ticonderoga is the second largest pencil manufacturer in the country. For most of its history‚ Dixon Ticonderoga has been a prosperous company‚ but
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Dixon Ticonderoga Victim Of Globalization 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
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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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Dixon Ticonderoga 1. Why do you think that the Chinese apparently have a cost advantage in the production of pencils? a. Chinese apparently have a cost advantage due to the amount that they can sell pencils at. It may be due to the domestic competition‚ a rebate the Chinese offers for exports of pencils‚ and the lowering of duties that where imposed by the U.S. Department of Commerce. Also‚ the Chinese continued to find ways of lowering cost‚ increasing technology‚ and their know-how in making
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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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You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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