affect the Harnischfeger Revenues: • The company start to account Kobe Steel sales in US‚ previously it only add the gross margin in the financial statement. (this sales represents $28 millions) • Sales to a foreign subsidiary starts to be consolidated as a net revenues (this sales represents $5‚4 millions) b. Changes that affect the Harnischfeger profitability: • Change in the depreciation accounting method from accelerated to straight line method. Increase of $11 million in 1984 income
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The case in discussion is about the Kikkoman Corporation of Japan. They are the oldest and most recognized producers of soy sauce in Japan. The company’s vision statement is that of contributing to the exchange of cultures through similar tastes and flavors. This case deals with the issues of the soy sauce industry and the challenges that the Kikkoman corporation faced keeping up with the globalization of the market for soy sauce. Their market share has always been strong in the industry‚ yet
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COMPANY PROFILE INTRODUCTION: Corporation Bank‚ founded in 1906 in Udupi‚ Karnataka state‚ India‚ is one of the Indian Banks in Public Sector Undertaking. The body was founded with an initial capital of Rs. 5000 (US$ 100)‚ and first day’s canvassed resources of less than one US$ 1‚ has currently (31 march 2004) 11‚325 full time employees‚ and operates from several branches in India. The Bank is a public sector unit with 57.17% of share capital held by the Government of India. The Bank
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2. What advantages are there for the consumer in having public utilities owned and operated as Crown Corporations? Most of the Crown Corporations are designed to meet the public needs‚ especially transportations. Since some of the private sectors are unable to provide those public needs‚ government has to open up some corporations to meet the needs. The price of the Crown Corporations is controlled by the government. The price‚ therefore‚ will be reasonable to meet the basic needs of the consumers
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Related Readings The Philippine Light Rail Transit Authority was set up on 12 July 1980 by Executive Order No. 603 to build‚ operate and/or lease LRT framework in the Philippines. Its central goal is to make a completely coordinated mass rail transit network to ease Metro Manila’s serious traffic congestion. The Manila Light Rail Transit System Line 1 is the first metro line of the Manila Light Rail Transit System. Presently‚ the line contains twenty stations and runs on 19.65km (12.21miles). Numerous
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Splash Corporation It was about survival: with little capital‚ a growing family‚ and uncertain socio-economic times‚ the Hortalezas embarked on a journey of self and spirit‚ despite the uncertainties. Submitted to: Mrs. Emily Dumalag Submitted by: Group 3 Jovelyn Penit Melissa Purisima Marc Ryan Macabali Jose Ramon Estacion Sanlee Rudavites Febie John Tomulto Michael Fullon Roldan Alingasa Overview The company started in 1985‚ when the newlywed physicians pooled a grand total
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Target Corporation Strategic Report Linda Hahn Lisa Kwak John Palys April 20‚ 2005 Target Corporation Table of Contents Executive Summary .......................................................................... 2 Company History .............................................................................. 3 Financial Analysis ............................................................................. 5 Competitive Analysis: Porter’s Forces......................................
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Materiality If we were investors in this company‚ we would consider 5% to be material. The company does not seem to have any high risk of fraud or material misstatement‚ so we are very comfortable with the quality of its financial reporting. A misstatement of 5% or above in any of the significant company accounts‚ or a combined misstatement of 5% or above for the company accounts as a whole‚ would require increased investigation and would reduce our confidence in the records. Any misstatement
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Characteristics of Corporations Corporations represent an important type of organization. Their unique characteristics offer advantages and disadvantages. Advantages of Corporate Characteristics Separate legal entity: A corporation conducts its affairs with the same rights‚ duties‚ and responsibilities of a person. It takes actions through its agents‚ who are its officers and managers. Limited liability of stockholders: Stockholders are liable for neither corporate acts nor corporate debt
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Corporation by-Laws ARTICLE I Offices 1.1 Registered Office and Registered Agent: The registered office of the corporation shall be the same as listed on the articles of incorporation and at such place as may be fixed from time to time by the Board of Directors upon filing of such notices as may be required by law‚ and the registered agent shall have a business office
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