Good Intentions There is a famous proverb; The Road to hell is paved with good intentions‚ originated by Saint Bernard of Claivaux. In Native Son‚ a number of characters that fall into this category. They believe that they are doing what is best for this person; however‚ they find out that their good intentions were not all that good. The story mainly revolves around Bigger‚ Jan‚ Mary Dalton and her family. Bigger was an African American male who lived during the rise of communism. Bigger‚ Jan and
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The sea- james reeves Mother Nature is just like everyone‚ beautiful and attractive‚ with a lot of features and resources that help us live. Probably the most important resource is water‚ and water comes from the sea or the rain. The sea can be very serene in summer days‚ and it also can be very dangerous in stormy nights when there are gales. The sea can also be described as many animals‚ such as lions‚ bulls‚ just to name a few. According to James Reeves‚ a famous poet‚ he describes the sea as
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R.R. Donnelley & Sons The Digital Division Presented by James Grasty Company & Background • • • • Founded in 1864 printing catalogs for Montgomery Ward‚ by 95’ they were the largest commercial printer with 41k employees in 22 countries Privately held chicago based company for almost a century until they went public in 1956 Generated 60% of its revenues from; directories‚ catalogs and magazines Major customers included; telephone companies‚ retail and direct mail‚ and publishers of books‚ magazines
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a. How Baldwin currently compete on the basis of Michael Porter’s (1980) competitive strategies: Customers: Major customers of Baldwin are those who had passion in riding bicycles‚ Baldwin offered wide range of product with 10 models for kids to adults. Hi-Valu was a potential buyer for bikes wanted to purchases bikes from Baldwin at lower prices than wholesale prices under a brand name called “Challenger”. Secondly‚ Hi-Valu wanted the Challenger bike to be somewhat different in appearance from
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BALDWIN BICYCLE COMPANY In May 1983‚ Suzanne Leister‚ marketing director of Baldwin Bicycle Company‚ was mulling over the discussion she had had the previous day with Karl Knott‚ a buyer from Hi-Valu Stores. Hi-Valu operated a chain of discount department stores in the North West. Hi-Valu’s sales volume had grown to the extent that it was beginning to add its "own-brand" (also called "private-label") merchandise to the product lines of several of its departments. Mr. Knott‚ Hi-Valu’s buyer for
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would be difficult to predict return due to the uncertainty of customer retention with the implementation of this deal. Q5. What are the major cash flow implications of the Challenger deal? Cash flow is a difficult situation currently for Baldwin. It takes the inventory approximately 125 days to turn and then another 46 days to get paid. This is a very long time. The Challenger deal states that they would pay within 30 days. This would help with the current 46 day AR turnover. The contract
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to accept the order of Hi-Valu Company‚ due to analysis and compare below. Advantages Outstanding profit Assume that Baldwin Company accepted the orders of Hi-Valu Company to make profits. In this condition‚ we should know whether Hi-Valu Company had enough short term assets to cover its short term debt. Therefore‚ we should calculate Working Capital ($) of Baldwin Company: The cost of each finished product in the first year: Materials + labors + variable cost (24.5*40%)=39.8 + 19
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Baldwin Cycle Case 1. Relevant Cost: Direct Material $39.8 Direct Labor $19.6 Variable Overhead(@40% of $24.5) $9.8 Total Relevant Costs $69.2 2. 2-months Raw material for 25‚000 bikes @ $38.9 $165‚833 WIP Inventory(1000 @ $69.2) $69‚200 Finished Goods(500 @ $69.2) $34‚600 A/R (30 days) @(25‚000/12*92.29) $192‚270 Total Inventory Costs $461‚904 Relevant Asset Cost (@5.5 %) $25‚405 Total Relevant Asset Cost $487‚309 Interest @ 18% $87‚716 Net Relevant Cost $399‚593 Price Per
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Baldwin Bicycle Company Baldwin Bicycle Company is its own independent bicycle shop that has been in business for almost 40 years. Last year Baldwin had sold 98‚791 bikes which accounted for nearly $10 million in sales for 1982. Suzanne Lesiter is the marketing Vice President of Baldwin and has just been offered a proposition from Karl Knott‚ a buyer from Hi-Valu to possibly start producing bikes for them. Baldwin had never conducted any business with a chain department such as Hi-Valu since it was
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BALDWIN BICYCLE COMPANY Baldwin Bicycle Company has been a bicycle manufacturer who produced various high quality models. Due to competition in 1981‚ the firm’s sales revenues significantly dropped in the following two consecutive years. In addition‚ it could only operate at 75 percent of the plant’s capacity. In May 1983‚ the firm received a proposed production plan of sporting bicycles‚ named Challenger‚ from Hi-Valu. There would be two types of direct costs associating with the new bicycle
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