ORGANIZING THE ENTERPRISE Why do you go to business? Reasons: 1. Personal Satisfaction – they enjoy challenges and risk-taking ventures. Their business success gives them a sense of fulfillment. 2. Family involvement- they feel it is their responsibility to continue the business of their parents‚ especially if it is profitable. 3. Independence and power- they want to be the boss. 4. Social Activities- there are people who are really born socializers. 5. Profit experience- some
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CMR Enterprises The budding entrepreneur Sam Marcus along with investor Mr. Walter saw the potential of dynamic growth in Mike’s cabinet making company and purchased a small 25 year old cabinet-making company from its founder 2 year earlier. The company competed in basically two segments‚ commercial and residential construction markets. Sam envisioned the company to grow to 70 Million in sales by 2007. Though commercial market offered the growth opportunity‚ the operating cycles were rigid because
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Unemployment is one of the popular and serious issues in both developed and developing countries. Therefore the government should focus on evaluating potential causes and also give some possible solutions to this problem. This alarming situation is due to some reasons. First of all‚ people are mostly dissatisfied with their salaries. They feel they get not enough money for their work. As a result‚ they prefer to take unemployment benefits than take up any job. Another reason is lack of workplaces
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2) Offer three solutions to Chet’s problem and explain how each will fix the central problem The first solution to Chet’s problem could be to delegate some of his routine work to the office manager‚ Marilyn. For example‚ Craig does a plant walk through twice a day to make sure that there are no deviations in the plan. This is a lot of energy that Craig is inputting that could be used towards his creative thinking. Daily routines such as plant walkthroughs can be delegated‚ so that Craig will only
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A ratio analysis of the firm’s financial performance is the most reliable way to identify the issues and opportunities for the joint venture. Generally‚ a ratio analysis includes four groups: (1) Liquidity ratio‚ (2) Accounting activity ratio‚ (3) Profitability ratio‚ and (4) Leverage ratio. Table 1 is a liquidity ratio analysis of LEI‚ SW‚ and CF. The current and quick ratios are designed to measure the firm’s short-term liquidity‚ or the firm’s ability to meet its short-term debts from its current
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Financial Reporting Problem‚ Part 2: Nike ACC/290 Financial Reporting Problem‚ Part 2: Nike When determining the overall financial strength of a company‚ businesses rely on their current assets to show value. Current assets are defined as assets that can or will be converted into cash quickly. The value of the asset’s will vary and may be used at any time as collateral for loans or other investment business development plans. Current assets will include‚ of course‚ cash and cash equivalents
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2ACCT 455 CHAPTER 2 Solutions 2. Suppose that P.V. Ltd. paid a dividend of $10 at the end of year 1 (any portion of year 1 net income would do). Then‚ its year 2 opening net assets are $276.36‚ and net income would be: P.V. Ltd. Income Statement For Year 2 Accretion of discount (10% × 276.36) P.V.’s balance sheet at time 2 would be: P.V. Ltd. Balance Sheet As at Time 2 $27.64 Financial Asset Cash: (140 + 14 + 150) $304.00 Shareholders’ Equity Opening Balance: 276.36 (286.36 - 10.00 dividend)
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K-12 in the Philippines : A Solution or a Problem? K-12 is the new Education Program in the Philippines that started last year‚ 2012. The K to 12 Program covers Kindergarten and 12 years of basic education (six years of primary education‚ four years of Junior High School‚ and two years of Senior High School [SHS]) to provide sufficient time for mastery of concepts and skills‚ develop lifelong learners‚ and prepare graduates for tertiary education‚ middle-level skills development‚ employment
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the vehicle or talking on the cell phone‚ eating or drinking‚ Koopman 2 playing with the radio or CD‚ and so on. All of these distractions could be easily avoided if people were to see how dangerous distractions can be when you are not entirely focused on your driving. People should also be careful not to drive if they are feeling sleepy or even slightly intoxicated‚ since lack of sleep can often reduce your response time as much as slight intoxication and increase the chance of an accident. It
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sell. In most cases the potential buyer is an experienced worker without much technical knowledge about HVAC products. In fact‚ their primary concerns aren’t technical features but‚ rather‚ the price‚ the delivery time and the service. This sales approach is best suited to the low-end residential market. On the low-end market‚ the accessibility is much easier‚ since projects are executed by small firms or individuals‚ whose main concerns are‚ as mentioned‚ the price‚ the delivery time and the geographical
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