BuggsRuby Financial Reporting and Accounting February 5‚ 2013 GROUP PROJECT GM VS FORD Less than 60 years ago‚ on Jan. 17‚ 1956‚ Ford Motor(F) launched its IPO into an economy in which U.S. industrial might was the envy of the world and American cars represented the apex of the automotive pyramid. Today‚ as GM eases into its second go-around‚ the questionable future of industry and the shifting definition of "made in America" cast a dark shadow over the car company ’s public celebration
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convenience foods. In addition Chinese consumers have a favorable attitude towards GM food and in some cases willing to pay a premium for such foods (In press). Finally‚ farmers are in favor of the use of biotechnology to grow pest-resistant crops which requires fewer chemicals (Environics International‚ 1999). Combine that with import restrictions in EU countries‚ china has the potential to be a great market for GM food products. In the past decade the advancement of recombinant DNA technology
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Ford is 120 percent while the current ratio of GM is 89 percent. The current ratio measures the company’s ability to pay short term and long term obligations. As Ford has the higher current ratio over GM‚ it depicts that Ford is more capable of paying its obligations to the creditors. The quick ratio of Ford is 110 percent while GM has 73 percent. Quick ratio is an indicator of company’s short-term liquidity. As Ford has the higher quick ratio over GM‚ it shows that Ford has more abilities to meet
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However‚ GM has a difficult decision regarding managing this risk. GM can quite easily justify hedging its transaction exposure to yen‚ as well as its yen denominated assets and liabilities. However‚ taking measures to manage currency risks stemming from competitive exposure is tricky because of various reasons: • Difficulty in accurately measuring exposure‚ leading to high estimation cost. • Justifying any measures as non-speculative. • Conducting transactions that take GM away from its
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of genetically modified (GM) foods. If evidence from around the world is anything to go by‚ there may be a case to answer. In 1999‚ the York Laboratory in the U.K tested 4‚500 people for allergies reactions and sensitivities. In previous years soy had affected 10% of consumers. In 1999‚ that figure skyrocketed 50% after GM soy from the U.S started to arrive in the U.K provoking public angst over GM foods. When massive protests followed‚ supermarkets started removing GM foods from sale and the rapid
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there dangers of GM food: As there is a lot of engineering with food’s genetic code‚ there may be made some mistakes in the genes that could’ve messed up the genetically code found in cells. Which have happened as I have found out while searching the interweb. Shown by a wide array of studies there are a lot of incidents with GM food which include accelerated aging‚ immune dysfunction‚ organ damage‚ insulin disorders and reproductive disruption. For example‚ female rats fed a diet of GM soy experienced
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for 100 years‚ has produced nearly 450 million vehicles globally‚ and operates in virtually every country in the world. While GM has recently enjoyed rapidly growing sales and revenues outside the United States‚ the U.S. remains the company‘s largest single market. The auto industry today remains one of America’s top employers with 1 in 10 Americans working in the industry. GM is also one of the largest purchasers of U.S. steel‚ aluminum‚ iron‚ copper‚ plastics‚ rubber‚ and electronic and computer chips
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Street Smarts over Book Smarts Gerald Graff is a Professor of English and Education in the University of Illinois at Chicago. In Graff’s essay‚ “Hidden Intellectualism”‚ Graff compares street smarts to book smarts. Graff debates the common belief that having book smarts gives one an intellectual advantage over other forms of intellectualism. Gerald Graff supports this belief by telling a personal story‚ explaining where the education systems fails‚ and stating that people stereotype intellect with
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engineering‚ on the other hand‚ can create plants with the exact desired trait very rapidly and with great accuracy. Not only can genes be transferred from one plant to another‚ but genes from non-plant organisms also can be used. Some advantages of the GM foods are 1.Herbicide tolerance: Farmers only require one application of herbicide instead of multiple applications‚ reducing production cost and limiting the dangers of agricultural waste. 2.Disease resistance: There are many viruses‚ fungi and bacteria
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! Case Study 6 Foreign exchange hedging strategies at General Motors: Transactional and translational exposures ! General Motors (GM) was the largest automaker in the world‚ and the unit sales in 2001 was 8.5 million vehicles which occupied 15.1% of the total vehicle market. With the expansion through the world‚ GM faced more risk in the foreign exchange (FX). In other world‚ it would create gains or losses due to the changes in FX rate. According to the exhibit 2 and exhibit 3‚ Latin
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