The Ford Pinto Case In the late 1960’s Ford Motor Company wanted to produce a small model car to compete with small Japanese and German imports like Volkswagen‚ Datsun and Toyota (Danley). In 1969 Ford’s Board approved the plan to produce the Pinto. The CEO‚ Lee Iacocca‚ wanted a car that was low weight‚ under 2‚000 pounds‚ and low cost‚ under $2‚000. Lee “Iaccoca imposed the 2000/2000 rule‚ i.e.‚ the Pinto could weigh no more than 2000 pounds and cost no more than $2000” (Danley). The engineers
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Ford Motor Company GROUP PROJECT ACC 505 - FINANCIAL ACCOUNTING 12/01/96 TABLE OF CONTENTS DESCRIPTION PAGE INTRODUCTION........................................................1 LIQUIDITY...........................................................1-3 Working Capital...................................................1 Current Ratio & Quick Ratio.......................................2 Receivable Turnover & Average Days’ Sales Uncollected
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Does Ford have too much cash? For this question‚ we need some measurement of liquidity to compare the turnover rate and reservation of cash for Ford‚ GM‚ Chrysler and compare those measurements in different years to see if Ford have too much liquidity which means too much cash. Quick ratio is liquidity measurement which is a variant of the current ratio. It focuses on quick assets‚ which are those assets likely to be converted to cash within a relatively short period of time. Quick ratio=
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Ford & General Motors in Russia In July 2002‚ Ford Motor Company officially opened its first Russian car factory near St. Petersburg. The factory‚ which cost some S150 million to build‚ is 100% owned by Ford and represents the first wholly owned investment by a foreign carmaker in Russia. The factory is tiny by international standards; it will employ 800 people and initially will produce 10‚000 Ford Focus cars a year. By comparison‚ a typical auto plant in the developed world produces 200‚000
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– Business Ethics & Social Responsibility | Jan Ruder‚ Ph.D. November 11‚ 2007 2. It’s 1973 and I am the Recall Coordinator for Ford Motor Company. Field reports are coming in reporting the following: Rear-end collisions‚ Fires‚ and Fatalities. I must decide whether to recall the Pinto. (Case: Pinto Fires‚ Trevino & Nelson‚ p. 115) 3. Before the Pinto‚ Ford was immersed in an intense‚ internal struggle between “Bunky” Knudson and Lee Iacocca over the company’s product line. ● Major pressure
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O. Henry William Sydney Porter (September 11‚ 1862 – June 5‚ 1910)‚ known by his pen name O. Henry‚ was an American writer. O. Henry’s short stories are known for their wit‚ wordplay‚ warm characterization and clever twist endings. Biography Early life William Sidney Porter was born on September 11‚ 1862‚ in Greensboro‚ North Carolina. He changed the spelling of his middle name to Sydney in 1898. His parents were Dr. Algernon Sidney Porter (1825–88)‚ a physician‚ and Mary Jane Virginia Swaim
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Ford in the 1980s‚ has been introducing revolutionary products‚ using the the total quality management to drive down cost‚ and gain market share‚ with a household slogan”quality is job1”‚ but lately the no.2 automaker had gaffes‚ that have cost it customer satisfaction‚ market share‚ and making it ranks last among the big-seven automakers. To counter these quality gaffes‚ like the explorer tire debucle‚ ford began overhauling its quality process‚ and redefined the way they approached business‚ as
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this paper‚ we are examining the implementation of Just-In-Time methodology in Ford for its latest small car KA; possibly one of the most interesting manufacturing revolution where companies involved in the production are integrated not only in their business processes moreover in their physical plants. The concept has been successfully developed and implemented in Valencia‚ Spain and is due to be adopted in other Ford production plants. The case study clearly shows how companies can work together
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Now I Went Down to the Ringside and Little Henry Armstrong Was There Professor Paul Clark Jieyu Zhang Henry Armstrong was born in an ordinary family. His family was poor‚ and especially this was a black family‚ there was racial discrimination to this family. He was often the target for teasing in school. In defending himself against bullies‚ he discovered his interest in boxing. Without money going to college‚ little Armstrong have to work to get money to let his family survive. When he saw on
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Ford Motor Company and Toyota Case Work Ch. 3 Step 1. Structure the audit problem: In the first step‚ we consider the relevant parties involved; identify the alternatives‚ risks and uncertainties; how to evaluate them and how to structure the problem. The parties are the Ford Motor Company‚ PricewaterhouseCoopers LLP and lastly the Audit Committee. The problem that may arise is that Ford Motor company has PricewaterhouseCoopers audit and prepare essentially all of the company’s financials for
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