Rich Manufacturing Saint Leo University MBA 540 Sep 8‚ 2011 Why do many firms use cost-plus pricing for supply contracts? Firms use cost-plus pricing in order to cover their operating costs. Cost-plus means they can increase the price to their customers with whom they have contracts when the operating costs rise. Operating costs can rise for many reasons and cost-plus pricing allows firms the flexibility to manage operating costs. This flexibility is often needed when the price
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Problem: Hedging using Foreign Currency Derivatives problem: Scout Finch is the Chief Financial Officer [CFO] of Dayton Manufacturing‚ a U.S. based manufacturer of gas turbine equipment. She has just concluded negotiations for the sale of a turbine generator to Crown‚ a British firm for One million pounds. This single sale is quite large in relation to Dayton’s present business. Dayton has no other current foreign customers‚ so the currency risk of this sale is of particular concern. The sale is
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FORMATION OF BLOOD CLOTS Definition • A blood clot is a mass of blood cells and blood components that form to stop the bleeding that occurs when a blood vessel is injured. When a blood vessel is broken‚ platelets in the blood become sticky and clump together at the site of the injury. They begin to form a mass to stop the flow of blood. Description • Clotting is the body’s normal response to a bleeding injury. It is a necessary function to prevent a person from losing too much blood
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BW MANUFACTURING COMPANY CASE SUMMARY The owners of BW Manufacturing‚ a small manufacturer of gas grills‚ have prepared a preliminary budget for the upcoming year and would like to assess the financial impact of several alternative scenarios‚ including dropping a product; changing the price on a product‚ with a resulting increase in volume; and shifting advertising focus‚ with a resulting shift in volume from one product to another. A new budget must be prepared. At year-end‚ the actual results
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that is widely used in your country? Case 6 THE MORIOKA MANUFACTURING INTRODUCTION During the 1970s and 1980s‚ worldwide attention has focused on the successes of Japanese firms doing business in the United States‚ Europe‚ and elsewhere. Nissan‚ Toyota‚ Honda‚ NEC‚ Sanyo‚ Panasonic‚ and numerous other Japanese brand names have become household words throughout the world. Only two or three decades ago‚ the largest and most successful international firms came almost exclusively from
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an understanding of the entity and its environment in the following areas: i. Client’s application of accounting policies ii. The industry‚ regulation and other factors affecting the client iii. Client’s objectives ‚ strategies‚ and related business risks iv. Methods used by the client to measure and review performance v. The client’s internal control The second standard of fieldwork requires that the auditor obtain a sufficient understanding of the
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Topic: “In a news article titled‚ Shifting Gear: Chrysler Gains Edge by Giving New Flexibility to Its Factories (WSJ‚ 04/11/2006) presented the benefits and case for flexible manufacturing. Comment on the advantages and disadvantage of flexible manufacturing? Comment on the scope economies presented in the news article? What does the existence of such economies imply about the production of autos in growing fragmented market? “ In the news article‚ “Chrysler Gains Edge by Giving New Flexibility
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Forest Hill Formation is a geological area that mainly stretches from west-central to southeastern Mississippi‚ but thins right at the border of and barely touches Clarke County‚ Alabama (Echols‚ et al.‚ 1893). Geologist Ephraim Nobel Lowe originally proposed the name Madison Sands for this formation‚ due to the fact that he had studied it in Madison County‚ Mississippi. The name was later changed to Forest Hill by Charles Wythe Cooke. The Forest Hill Formation overlies the Red Bluff Formation in eastern
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million years ago‚ this region formed. The process of the formation of mountains is called an orogeny. Rocky Mountain ranges‚ such as the Bighorn Mountains and Uinta Mountains were formed by the Laramide Orogeny. Devil Tower stands 867 feet from base to summit‚ and above sea level its elevation is 5‚112 feet and around 1‚267 feet above the north-flowing Belle Fourche River. Sedimentary‚ igneous‚ and erosional processes led to the formation of Devils Tower National Monument. First‚ sedimentary rocks
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Nuclear power as the most suitable source of energy for the Philippines Soaring electricity bills‚ repeated blackouts; two of the major causes of headache we experience a lot nowadays. The giant power firm‚ MERALCO‚ has increased generation charges by a painful amount within the last 5 years‚ and of course‚ people are crying out loud because of this. In the middle of a power crisis‚ amidst soaring generation charges‚ the increasing cost of fuel importation‚ and with no suitable substitute for fossil
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