FI515 Week 7 Homework Managerial Finance Jalil Musah Problems (pgs. 681-682) 16-1 to 16-5 16-1 Cash Management Current Inventory = Sales/Current Inventory Turnover Ratio X = $10‚000‚000 / 2 = $5‚000‚000 in Current Inventory New Inventory = Sales/New Inventory Ratio X = $10‚000‚000 / 5 = $2‚000‚000 in New Inventory $5‚000‚000 – 2‚000‚000 = $3‚000‚000 The company will free up $3 million in free cash flow. 16-2 Receivables Investment Receivables = (DSO) * (Average Daily Sales)
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Planning is one of the most important things that people tend to neglect when it comes to their career. Having a sound plan for the desired career path is very essential for one to enjoy his or work and have a successful career. Whether you like your current job or not‚ if you are looking for a career change‚ or if you are looking out for your first ever job as a fresherman‚ you must have a plan for your career. Well‚ it is easier said than done. But with little time and efforts it is possible for
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the foremost factors that Chinese businessmen take into account. Other factors include preparation for Chinese business meetings‚ knowledge of the Chinese Lijie‚ such as non-verbal communication and social relationships. Also‚ the Chinese banquet consisting table etiquette together with drinking and toasting. There will also be gift-giving‚ such as what should be considered to give and what should be avoided. Last but not least‚ different ways to negotiate with the Chinese for the best solution should
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CHINESE CUISINE Historical Preparation and appreciation of food has been developed to the highest level in the country of China. Cooking is considered an art in Chinese culture whereas all other philosophies consider it a craft. The two main philosophies of the Chinese culture are Confucianism and Taoism. Both influenced China ’s history and the Culinary Arts. Confucianism stressed the importance of enjoyment of life involving the art of cooking. If you have a gathering‚ there must be food
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the land of the free‚ or better known as The United States of America. The reading‚ “The Chinese Exclusion Act a Black Legacy”‚ claimed the American’s beliefs influenced the bringing about of The Chinese Exclusion Act. One of these notion is that the Chinese immigrants were taking work away from the citizens of the United States. The Americans also weren’t keen to the lowering of wages‚ being that the Chinese were eager to work at whatever the pay was available. There was furthermore animosity to
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Michael Gillaspie American History Ms. Rankin 15 December 2003 Chinese Immigration In many aspects‚ the motivations for the Chinese to come to the United States are similar to those of most immigrants. Some came to "The Gold Mountain‚" and others came to the United States to seek better economic opportunity. Yet there were others that were compelled to leave China either as contract laborers or refugees. The Chinese brought with them their language‚ culture‚ social institutions‚ and customs
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Chinese Cinderella is Adeline Yen Mah’s remarkable autobiography of her childhood. She was a rejected daughter growing up in World War II China. She longed for her father’s acceptance after her mother died in childbirth and her father remarried a young and cruel Eurasian woman. She finally receives his attention and brings honor to her family by winning a creative writing competition. In Adeline’s story the idea’s of rejection‚ abandonment and overcoming adversity is cleverly conveyed through the
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Chinese culture 1. Chinese Tea Culture China is the homeland of tea. It is believed that China has tea-shrubs as early as five to six thousand years ago‚ and human cultivation of teaplants dates back two thousand years. Tea from China‚ along with her silk and porcelain‚ began to be known the world over more than a thousand years ago and has since always been an important Chinese export. At present more than forty countries in the world grow tea with Asian countries producing 90% of the world’s
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T a h r ’N t s eces oe W RITTEN BY SUSAN LA M ARCA Chinese Cinderella Adeline Yen Mah This book is the moving autobiography of a young Chinese girl‚ Adeline Yen Mah. Born the fifth child to an affluent Chinese family her life begins tragically. Adeline’s mother died shortly after her birth due to complications bought on by the delivery‚ and in Chinese culture this marks her as cursed or ‘bad luck’ (p.3). This situation is compounded by her father’s new marriage to a lady who has little
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Evidence shows that Chinese used paper as hats‚ belts and even shoes. Further‚ the Chinese were the first to use paper for hygiene. In 1393‚ the Bureau of Imperial Supplies manufactured 720‚000 sheets of toilet paper. In addition‚ 15‚000 specially perfumed and soft paper sheets were produced for the exclusive use of the imperial family. It was only a century later that paper was used as medium for writing. The secrets of paper making were discovered to the Arabs from Chinese war prisoners who were
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