Term Topic Paper 9/7/2012 The two companies I chose to analyze thoroughly for my term paper both operate in the Heavy Equipment industry. The firms are Japanese based Komatsu Ltd. and the American headquartered company Terex. Komatsu Ltd. headquarters are located in Tokyo‚ Japan while‚ Terex has their headquarters in Westport‚ Connecticut. Komatsu Ltd. is traded on the Tokyo Stock Exchange under the ticker symbol (KMTUY) while Terex is traded on the New York Stock Exchange under the ticker symbol
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Cost accounting and the lean production philosophy By Tyrone Williams AIU Online September1‚ 2012 Abstract As Dr. Stephanie White prepares to cope with the a steep reduction in the budgetary allocation to the Uptown Clinic she must carefully determine which areas to cut while striving to maintain current levels of service. This essay will offer advice Dr. White on preparing for budget cuts. It will also discuss the lean production philosophy and how this compares with typical production
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Victoria Heavy Equipment’s most recent organization has been lacking effective communication practices amongst all of its divisions. The company has been suffering from lack of clear goals in measurable terms‚ for its divisions. The idea of each division functioning as an independent unit‚ whether it being cost or profit center‚ is a remarkable beginning. However‚ clear goals and key measurable need to be set for each center‚ which in our case have been overlooked. As a result‚ many of these centers
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The New Scott Equipment Organization Paper FIN/419: Finance for Decision Makers Scott Equipment Organization is investigating the use of various combinations of short-term and long-term debt in financing its assets. The organization has decided to employ $25 million in current assets‚ along with $40 million in fixed assets‚ in its operations next year. Anticipated sales and Earnings Before Interest and Taxes (EBIT) for next year are $60 million and $6 million‚ respectively. The organization ’s
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221 - Use office equipment There are many different variations of equipment in my work area. One of these include the fax machine‚ this is mainly used for sending documents instantly to another fax machine through a standard telephone line. Most fax machines can also be used to make copies of documents and some can also be used as a computer‚ printer and scanner. Within my office the other types of office equipment are‚ telephone‚ printer‚ computer‚ laminator and photocopier. The features of
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Recreational Equipment Inc. (REI) is an American brand selling high-end clothing and gear for outdoor activities. This brand started with ice axes. The founders of REI were Lloyd and Mary Anderson wanted a better way to purchase the gear needed. At the time of 1935‚ quality axes were only available for $20. The couple was not happy with the process so‚ Lloyd started ordering his own ice axes from Austrian himself while Mary translated the catalogs. They together made this plan‚ which only cost the
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The article‚ “Create a Lean‚ Mean Machine‚” written by George Alukal enlightens readers by explaining what the definition of lean is regarding business operations. Alukal (2003) states that to begin cleaning up waste in a facility‚ there are many steps to take that help organizations lower costs and decrease wasted resources. In addition‚ lean processes create a better work environment‚ reduce costs‚ achieve customer satisfaction‚ and eliminate redundant work-related events. It takes streamlining
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Supply Chain Management in the Textiles and Clothing Industry: Case of Four UK based Companies Introduction Textiles and apparel is a major sector for both the industrialised and the lesser developed economies‚ contributing both to wealth generation and employment. The sector represents a key part of employment in Europe‚ and world-wide‚ and in Europe alone employs in excess of two million people. Turnover for 2000 was Euro 198 billion. The European industry sector is dominated by large numbers of
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PPE – Cost Problem 11 – 1 On August 1‚ 2012‚ Benigno Company purchased a new machinery on a deferred payment basis. A down payment of P 500‚000 was made and 4 monthly instalments of P 1‚250‚000 each are to be made starting September 1‚ 2012. The cash equivalent price of the machine was P 4‚750‚000. Benigno incurred and paid installation costs amounting to P 150‚000. What si the amount to be capitalized as a cost of the machine? a. P 4‚750‚000 b. P 5‚500‚000 c. P 4‚900‚000
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The Effects of Technology Education‚ Science‚ and Mathematics Integration Upon Eighth Grader ’s Technological Problem-Solving Ability by Vincent William Childress Dissertation submitted to the Faculty of the Virginia Polytechnic Institute and State University in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Vocational and Technical Education Approved: (Signatures on original) ______________________________ Dr. James E. LaPorte‚ Chair __________________________
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