Rochester Manufacturing Corporation (RMC) is considering moving some of its production from traditionally numerically control machines to a flexible machining system (FMS). Its numerical control machines have Machine utilization‚ as near as it can be determine‚ and are about 10%. The machine tool sales persons and a consulting firm want to put the machines together in a FMS. They believe that a $3‚000‚000.00 expenditure on machinery and the transfer machines will handle about 30% of RMC s work. There
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Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): | Income Statement | Balance Sheet | Sales | $17‚000 | Assets | $13‚127 | Debt | $7‚541 | Costs | 11‚730 | | | Equity | 5‚586 | Net income | ------------------------------------------------- $5‚270 | Total | ------------------------------------------------- $13‚127 | Total | ------------------------------------------------- $13‚127
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Answers to Review & Critical Thinking Questions (1) Define business ethics and describe an ethical situation in which you had to distinguish between right and wrong.
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notion "corporation" in English and American law; the Philippine Commission enacted the Corporation Law (Act No. 1459)‚ to introduce the American corporation into the Philippines as the standard commercial entity and to hasten the day when the sociedad anónima of the Spanish law would be obsolete. The statute is a sort of codification of American Corporate Law. Harden v. Benguet Consolidated Mining‚ 58 Phil. 141 (1933). 2. The Corporation Law The first corporate statute‚ the Corporation Law‚ or Act
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perspective? Costco is doing very well financially. Though some of the financial ratios may look good from a traditional point-of-view‚ Costco is not a traditional company. Do some number-crunching using the data in case Exhibit 1 to support your answer. Use the financial ratios presented in Table 4.1 of Chapter 4 (pages 98-99) to help you diagnose Costco’s financial performance. Short term solvency ratios are where they should be. A current ratio of 1:05 shows that Costco should be able to meet
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“On balance‚ multinational corporations provide more positive outcomes for society than negative ones”. Multinational corporations are practically in every sphere of modern life‚ from policy making to the environment and international security; from problems of identity and community to the future of work and nation state. (Gabel and Bruner‚ 2003‚ VI) A multi-national corporation (MNC) is a business organisation which has its headquarters in one country but conducts and controls productive
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Smith Financial Corporation Smith Financial Corporation Case Study On February 10th 1997‚ Frank Miller assumed the position as the director of data management in Smith’s Information Services department. He was hired to fill a vacancy that was available for more than one year as well as help restructure and reorganize Smith’s Information Services department (Hattersley and Mcjannet‚ 54). The primary function of the Data Management Group at Smith Financial was to manage the distribution‚ storage
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Management Examination Paper MANAGEMENT INFORMATION SYSTEMS SECTION A PART 1 ANSWERS 1- B‚ Information. 2- B‚ Relevance. 3- D‚ Development of employees to their full potential. 4- B‚ Inventory control. 5- A‚ Executive Information System. 6- B‚ Who are members of the same company or organization. 7- D‚ Telegram. 8- A‚ Online Transactional Processing. 9- D‚ Common operation. 10- B‚ Activity Control. PART 2 ANSWERS 1. Key features of the Strategic Information System (SIS) are:- * Decision
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Homework Chapter 1 4. You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of spending the 100$ now? Answer: By spending the money right away the opportunity cost is 5 percent of 100 dollars that is 5 dollars plus the 100$ itself. So the total opportunity cost is $105‚- 5. The company that you manage has invested $5 million in developing a new product
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credit terms‚ and explain what stretching accounts payable is and how it reduces the cost of trade credit. ◆ Discuss some of the key features of bank loans and calculate simple and “add-on” interest. ◆ Explain why large‚ financially strong corporations issue commercial paper. ◆ Explain what accruals (accrued liabilities) are‚ and what is meant by the term “spontaneous funds.” ◆ Define what a “secured” loan is‚ and what type of collateral can be used to secure a loan. Lecture
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