Joint Venture: Proportionate Consolidation Method & Equity Method Andrea Marciana B. Diwa Modadv1– K32 10926739 June 11‚ 2012 - Monday INTRODUCTION Joint venture is identified as a topic of study because of the massive rise in international joint ventures during the business globalization and because of the different joint venture accounting practices across countries. The increasing trend to produce financial statements which are free from errors and misstatements lead to the
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Background PepsiCo is currently involved in 7 Joint ventures in People’s Republic of China (PRC) and is in the proposal process of investing into an equity joint venture in the city of Changchun.This proposal would be one of the first two green field equity joint venture with PepsiCo having control over both the board and day-today managmenet. PepsiCo uses capital budgeting tools such as NPV and IRR to systematically evaluate their investment project. Using this evaluation method Mr Hawaux‚ vice
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1. Joint venture between TCL and Alcatel In 2004‚ TCL Technology Holdings Limited‚ a multinational electronics conglomerate from Huizhou‚ China entered into a mobile phone manufacturing Joint Venture with Alcatel‚ a global corporation in telecommunication equipments‚ services and applications from Paris‚ France‚ in a bid to foray into the global market. The joint venture company - TCL and Alcatel Mobile Phones Ltd (TAMP) - managed research and development (R&D)‚ sales and distribution of mobile
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service life of flexible rrubber bellows expansion joints‚ reducing costs‚ flexible rubber joints in the pipeline construction should pay special attention to these details: 1‚ pipeline construction‚ must be allowed in a natural state‚ not artificial in installation products produced artificially deformed; 2‚ when the pipeline medium is acid‚ oil‚ heat‚ and other special materials should be chosen higher than the working pressure of a pipeline stall joints; 3‚ the normal temperature for the medium is 0-60
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Brief Integrative Case 1 Cross-Cultural Conflicts in the Corning–Vitro Joint Venture Vitro is a Mexican glass manufacturer located in Monterrey‚ Mexico. Vitro’s product line concentrates on drinkware but includes dozens of products‚ from automobile windshields to washing machines. Vitro has a long history of successful joint ventures and is globally oriented. Corning Inc. is most famous for its oven-ready glassware; however‚ Corning has diversified into fiber optics‚ environmental products
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Temporomandibular Joint (TMJ) Syndrome Head & Neck March 20‚ 2012 Temporomandibular joint also known as TMJ is a disorder of what is referred to as the chewing bones‚ a ball and socket joint that is positioned in front of either ear. Torabi (2012)‚” The exact cause of temporomandibular joint disorder is still unknown although a number of factors do contribute to its onset‚ namely: poor relation of the upper‚ and lower jaws‚ crooked teeth‚ tooth grinding‚ bad or poor bite‚ poor posture‚ and
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Toshiba 9 3.1 Introduction to Joint Ventures 9 3.2 General facts about Toshiba‚ Motorola and TSC 10 3.3 Objectives and agreements 10 3.4 Factors of success 11 3.5 Lessons drawn from the case 12 4. Our intercultural team work 13 4.1 Our team work process 15 4.2 Presentation Performance……………………………………………………………….15 4.3 Individual Assessments .…………………………………………………………..…….16 5. Bibliography 18 6. Appendix: Additional information on the Motorola-Toshiba Joint Venture 1987 19 7. Powerpoint
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Review of Literature on how to manage International Joint Venture successfully. By Samaila Umar There is serious increase in the number of organisations seeking to operate in today’s highly competitive global markets with sustainable competitive advantage. (Taylor‚ 2004; Ernst & Halevy‚ 2004). In order to achieve this international expansion‚ companies use different market entry strategies. Earlier study on IJVs reveals that international joint ventures are the most common means of internationalization
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way to mimic human tendons. Researchers Deng‚ Wang‚ He‚ and Xue looked into the efficacy of a cable drive. The cables act the same way as our tendons‚ when the muscle wire contracts it pulls on the cable lifting or lowering the robotic arm at the elbow joint (Deng‚ Wang‚ & Xue‚
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Joint-Stock Company: A joint-stock company is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company’s shares (certificates of ownership). This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern corporate
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