1.Does the familial relationship between Daphne and Steve strengthen or weaken the control environment at Shear Madness? Explain In ways‚ family or close relationships within the workplace can be beneficial to the company by providing a family atmosphere. Employing close relationships can also help the company adhere to their core values. It can also be negative. The cost of using family can be substantially lower that hiring an outsider. However‚ with all good‚ this comes bad things. The
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retailing downturn. Higher-than-expected inventory was being carried through the peak season as well. This was their peak sales period and it was hoped that proceeds from this season would pay off the seasonal loan for the capital expenditure. SureCut Shears now faced a credit problem because they no longer expected to be able to pay off the seasonal loan. INTERPRETATION OF EXHIBITS Due in part to a slackening of sales‚ inventory at the end of March 1996‚ the amount of additional money tied up in inventory
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Summary – “The Box”‚ by Marc Levinson. Princeton 2006 Marc Levinson brings together in his book “The Box”‚ How The Shipping Container Made The World Smaller And the World Economy Bigger‚ a history in unitised freight handling in its birthplace‚ and shares with us an education in obsession‚ innovation‚ and invention. He describes through his main character‚ Malcom McLean‚ how to do business by integrating shipper‚ transporter‚ and customer in controlled logistics/ in a smooth supply chain. Further
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Company: Fischer is both treasurer and president • Stewart did approve the 2‚5mill loan extension • House hold scissors and industrial shears • Severe competition from foreign companies • Made profits every year since 1958 • Short term borrowing were normally between july and December‚ additional capital neeede to support sales peak • Produce at an even rate throughout the year – contributed to the need of seasonal funds • June 1995 • 3‚5 mill loan- anticipated to pay it of in decemebr
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rectangular cross-section that is 50 mm wide and 250 mm deep is subjected to shear force of 22 kN‚ axial force (tension) of 16.5 kN and bending moment of 33 kN-m. Calculate and show the stress diagrams in the cross-section. What is the maximum normal stress‚ and where does it occur. What is the maximum shear stress and where does it occur. Problem No. 2 (20 points) Determine the principal stress‚ the maximum in-plane shear stress‚ and average normal stress. Specify the orientation of the element
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EXPERIMENT 2 Title : Shear Force and Bending Moment Objective : To determine the shear force and bending moment when concentrated load‚ symmetrical load and non symmetrical load are applied Introduction The shear force (F) in a beam at any section‚ X‚ is the force transverse to the beam tending cause it to shear across the section. The shear force at any section is taken as positive if the right-hand side tends to slide downwards relative to the left hand portion. The negative force
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Mrs. Shears is a close neighbor of Christopher’s who has also made a difference Christopher’s life. When Christopher’s mother passed away he remembers that Mrs. Shear would come over to his house and help Chris’s dad and Chris around the house in many ways. For example‚ she cooked meals for them and cleaned the house. She also played scrabble with Chris‚ which he really enjoyed. She made a difference in society by helping people that were in need‚ especially a single dad with a mentally disabled
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SureCut Shears Case Write-up The issues presented in this case are mainly due to incorrect assumptions about the market for sales in 1995 and the subsequent retail downturn that followed. More specifically‚ Mr. Fischer (CEO of SureCut Shears) assumed sales and demand in 1996 would be consistent with the prior year. However‚ as noted in the actual financial statements for 1996‚ inventories grew‚ reflecting that demand for its products was not as anticipated beforehand. In addition‚ sales declined
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Intro notes: • Seasonal business with some 60% of annual sales occurring from Aug-Dec • Original pro forma figures are a no growth scenario including the seasonal sales pattern (might be a first pessimistic stance of the management as SureCut grew steadily during the past) • Short-term financing usually for seasonal inventory built up from July – Nov • Due to investment in plant modernization (USD 2.99mn capex planned in July+Aug 1995) company needs ST borrowings for financing gap of USD 1.16mn
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