CHENGDU BUS GROUP By Runtian Jing‚ University of Electronic Science and Technology of China The Chengdu Bus Group (CBG) is a Chinese‚ state-owned enterprise with more than 4‚000 buses and 14‚000 employees. A few years ago‚ CBG encountered serious problems. The primary issue was the company’s management systems‚ but it also faced a considerable financial crisis. Complaints against CBG from its many customers were becoming increasingly common‚ and the operations of the company were in disarray
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FNCE 201 Corporate Finance Prof. Fu Fangjian Due: the class in 4th week (10-14 Sep) UST Inc. is considering a debt-for-equity recapitalization. In the deal‚ UST will issue $1 billion debt to buy back stocks. In class we argue that an important determinant of a firm’s debt policy is the tradeoff between the tax benefits of debt and the costs of financial distress and bankruptcy. Mature firms generating positive and stable operating income are more likely to take advantage of the debt tax shields
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* Explain how Dell’s working capital policy is a competitive advantage for the company? Dell uses a just in time order fulfillment policy and accurate forecasting of sales to minimize inventories. This allowed Dell to hold inventory of finished products far below levels of their competitors (10-20% compared to 50-70% industry level) and furthermore allowed them to quickly implement changes to their product lines as new technologies became available. This quick inventory turnover also allowed Dell
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Communications Limited) to financial services (Reliance Capital Ltd) and the generation and distribution of power (Reliance Power Limited and Reliance Infrastructure Limited). The group has received numerous accolades in each sector and has become one of India’s top private sector business houses in terms of net worth. The Reliance Group currently has a net worth in excess of Rs 91‚500 crore (US $15.3 billion)‚ cash flows of Rs 10‚200 crore (US $1.7 billion) and net profit of Rs 4‚700 crore (US$ 0.8
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1. What evidence does this case provide for formulating and implementing a systematic approach to performance appraisal? There is lack of communication and information between the manager (Frank) and the worker (Lola). The performance appraisal should be a dynamic tool to achieve goals and to clear objectives and working procedures in order to be more effective. It is necessary to discuss issues during at least once a year. In this case‚ Frank should explain to Lola what are his expectations and
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Mandalay Resort Group is one of the leading hotel-casino companies in the United States‚ and is the largest such company in the Las Vegas market in terms of square footage of casino space and number of hotel rooms. Known as Circus Circus Enterprises‚ Inc. until June 1999‚ Mandalay Resort operates ten hotel-casinos in Nevada‚ including four elaborate properties on the Las Vegas Strip: Mandalay Bay‚ Luxor‚ Excalibur‚ and Circus Circus. It is also a partner with Mirage Resorts‚ Incorporated in a joint
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Reddy Medical Group‚ all health care providers are employed and as such‚ do not have control of their own scheduling. In contrast‚ the Veterans’ Affairs (VA) allow their providers to control their own schedules‚ as per class discussion. While this allows VA providers with more freedom‚ it also introduces the possibility for scheduling manipulation. As a result‚ the volume of patients seen by VA providers may misalign with the intended mission of Veterans’ Affairs. Reddy Medical Group utilizes several
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2.2 Electrical Communication Study Guide by Hisrich 2.2.a How does communication happen within the body? Electrical Signals Nervous System Chemical Signals Endocrine System The nervous system is made up of neurons. Neurons communicate just like people do‚ but they send messages using action potentials (electricity passing through their axons). Each neuron picks up signals at its dendrites‚ passes the signals down the axon‚ into the axon terminals‚ and into the synapses. The synapse
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1. Should Robert McMillan roll out Autograph nationally? Why or why not Dear Mr. McMillan‚ In this e-mail‚ I will expose my opinion about the question whether or not to expand the Autograph on the national level. Summarizing all the information provided‚ I came to a conclusion that we should not roll out Autograph nationally at this point of time. Such a strong opinion of mine is mainly based on the point that I don’t think Progressive will make profit from this system. It is a very
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Peregrine Financial Group What went wrong? Keller Graduate School of Management August 18‚ 2012 Fraudulent financial reporting has always been and will always be present in the financial world. They are shocking when they come to light and at the same time‚ consumer starts doubting the system that were supposed to be watching out for these frauds. These financial scandal is another reminder of how incompetent government overseers have been at detecting financial fraud and how ill equipped
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