Questions to consider: 1. How would you characterize Steel Works’ products? What about Steel Works’ customers? 2. What does the coefficient of variation tell us? Can you determine the coefficient of variation for the product lines? 3. How much inventory has Steel Works been holding? How much should they have been holding? SPECIALTY PRODUCTS DIVISION Customer Characteristics Steel Works has a large number of customers for its specialty products - 130 customers for some 120 products. However
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similar assets or liabilities are recognized by the lessee when the lease is classified as an operating lease. The lessee recognizes lease payments under an operating lease as an expense‚ normally on a straight-line basis over the lease term. Under IAS 17 Leases lessors are required to classify leases as finance leases or operating leases. Finance leases are defined as leases that transfer substantially all the risks and rewards incidental to ownership. All other leases are operating leases. If the
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Chapter 17 Auditors’ Reports True / False Questions 1. Audit reports should be dated the date on which the financial statements are issued. True False 2. When the auditors are unable to comply with generally accepted auditing standards‚ they should issue an opinion that is unqualified‚ but include an additional explanatory paragraph in the report. True False 3. When evaluating the results of audit tests‚ materiality depends upon both the dollar amount and the nature
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NHL 17 wishlist is the a list of things that player would like to have when playing matches. They are: Imрrоvеment in NHL 17 Stаdium: Evеrуоnе loves the diѕtinсt group аrеnаѕ thаt NHL has сrеаtеd. Thеу hаvе rеаllу dеѕignеd thеm with uѕе оf роtеntiаl tаlеnt аnd remarkable creativity. Whеthеr it is аnу other unique arena‚ a majority of these diѕрlау the uniԛuе wауѕ of celebrations аnd еntеrtаinmеnt; however thе regular аrеnа iѕ missing from ѕuсh sort оf leisure. They may be dеѕignеd with mоrе scoreboard
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4-1 assessment 1. Political system- is the means by which people in a society make the rules that control and influence their lives. 2. Democracy- all citizens have the opportunity to take part in making the rules that govern them. 3. Totalitarian system- most people are excluded from making the rules by which they live. Political control is held by one person‚ a small group of people‚ or one political party. 4. Host country- is the country in which a multinational enterprise is a guest. 5
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Gun rights and gun control have different meaning depending with where one lives and the influence they have on one’s life. The debate on gun control has been going on for ages now. There have been people advocating for gun control while others want the control tightened. The federal government has been working on amending current gun regulations to be able to control gun ownership. Owning a gun in the United States is a peculiar American tradition so the Obama government and those who will follow
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Response. Differentiation: Steel is such a product that not much product innovation can be done. Cost Leadership: Chaparral Steel is already a cost leader in the market with its limited range of products. But if it needs to expand itself in terms of capacity‚ it needs to come up with a new product line and that too at a low cost. Chaparral needs to continue its strategy of low cost leadership with addition of new product lines to tap the market potential for larger steel products. The only competitor
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product is the steel industry. In the last few years‚ the steel industry has experienced an increased demand for steel‚ which in turn has caused the cost of steel to increase drastically. 1. Do you believe the Bush administration was correct in imposing tariffs in March2002 on a wide range of steel imports?I believe that President Bush needed to do something to protect the US steel market. At the time that President Bush decided to impose temporary tariffs on steel imports‚ 16 steel manufacturers
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Steel and heat treatment MILD STEEL Mild steel is also called plain carbon steel. It is the most common type of steel and it price is pretty low. Its composition is around about 0.05%-0.29% carbon content. Mild steel has a relatively low tensile strength but the surface can be hardened through carburizing. It is mostly used where large amounts of steel needs to be formed eg structural steel MEDIUM CARBON STEEL Medium carbon steel has great wear resistance and is used for forged automotive
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Tata Steel Limited Tata Iron and Steel Company Limited‚ abbreviated as TISCO is an Indian multinational steel-making company headquartered in Mumbai and a subsidiary of the Tata Group. Its marketing headquarter is located at Tata Centre in Kolkata‚ West Bengal. It is the twelfth-largest steel producing company in the world Tata Steel is a multinational corporation with operations in numerous countries. Its largest plant is located in Jamshedpur‚ Jharkhand. Price Pricing Strategy: A pricing strategy
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