Situation analysis New Balance Athletic Shoe Company has been ranked the third in the US Athletic shoe industry. During the financial year 2007‚ it recorded revenues of $1‚630 million‚ an increase of 5.2% over 2006 (www.businessweek.com). Since the athletic shoe market is highly competitive‚ New Balance is trying to figure out how to compete in this highly competitive market against such industry giant like Nike‚ Adidas/Reebok. Below is a SWOT analysis of New Balance. SWOT analysis Strengths
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EXERCISE 1. Nguyen Bich Fitness Club has provided the following information that relates to their financial year ended June 30‚ 2011 Account | Amount ($) | Nguyen Bich - Capital | 350‚000 | Bank Loan – due in October‚ 2012 | 5‚000 | Accounts Payable | 17‚250 | Accounts Receivable | 41‚560 | Cash | 18‚750 | Retained Profits | 76‚000 | Salaries payable | 6‚750 | Supplies | 1‚040 | Salaries Expense | 19‚100 | Buildings | 85‚000 | Prepaid Rent | 15‚600 | Motor Vehicles
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Questions 1. Which of the following statements is true? A. The word "cost" has the same meaning in all situations in which it is used. B. Cost data‚ once classified and recorded for a specific application‚ are appropriate for use in any application. C. Different cost concepts and classifications are used for different purposes. D. All organizations incur the same types of costs. E. Costs incurred in one year are always meaningful in the following year. 2. Which of the following is a product cost? A
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Arrogance The Trial by Franz Kafka chronicles the arrest of a worldly‚ young bank official‚ Joseph K. for an unknown crime and traces his struggles and encounters with the invisible Law and untouchable Court. Although the novel is critically acclaimed for satirizing the Austro-Hungarian bureaucracy of Kafka’s time it also seems to be criticizing the arrogance of the common people. Joseph K.’s eventual downfall is not just due to the in comprehensible judicial system but can be attributed to his
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Instructions Not Included Instructions Not Included‚ is a comedy film that is in Spanish and English. This movie takes place in Los Angeles‚ California. The director/producer of this film is Eugenio Derbez. In this film there is basically two main characters. The characters are Maggie (Loreto Peralta) and the father Valentin (Eugenio Derbez). It all starts six year ago when Julie ( Jessica Lindsey) left her daughter in Valentin’s hands and ran away. Julie is a women that want to make a career in
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Officer(CEO) of New Balance‚ I would like to start a business in South Africa. First of all‚ New Balance produce apparel‚ accessories‚ athletic shoes including running‚ cross training‚ basketball‚ tennis‚ hiking‚ and golf for men‚ women and even kids. The company owns leather boot and shoe maker Dunham. Other brands consist of Aravon shoes for women; PF Flyers lifestyle shoes; and Brine and Warrior Sports lacrosse‚ field equipment‚ and apparel. One can buy new balance product in the new balance store and special
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BALANCE OF PAYMENT (BOP) Introduction: Balance of payments (BOP) is a record of economic transitions between the residents of one country and the rest of the world during one year. The balance of payment like all balance sheets must balance. The items‚ which lead to‚ an inflow of foreign earnings are placed on the credit side of the balance sheet‚ whereas the items‚ which give‚ rise to an outflow of foreign currency are placed on the debit side. Definition: “Balance of payment is a systematic
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experience in recording‚ analyzing‚ interpreting and communication accounting information. 3) It is in partial fulfillment of CXC Principles of Accounts requirement. The aim of the study is to determine whether Debro’s Wholesale is operating at a profit or a loss. Data was gathered from source documents and posted to the journals‚ ledgers and final accounts. The performance of the business was determined by using ratios. Debro’s Wholesale is a newly developed and simulated entity located at
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(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
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Get a Checking Account You can’t get a loan without first having a checking. You need a checking account because lenders verify your income via your checking account. Don’t worry‚ though--there is a way to get a loan even if you have bad credit‚ but you have to start by getting a checking account. Did you abuse and then lose your previous checking account? Writing bad checks or repeatedly overdrawing your bank account can get you blacklisted on a system called "ChexSystems‚ which is the database
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