Assignment: #4 Case #10 Nucor Corporation BUS 599 Discuss the trends in the steel industry and how it may impact Nucor’s strategy. After the 2008 financial and economic crisis, the world steel industry’s recovery has been uneven, but it is recovering faster than expected. The global steel production declined from 129 million metric tons (mmt) in March 2011 to 127 million metric tons in April 2011. However, production increased 5 percent from April 2010. As of the April 2011 first quarter reporting, the United States has produced 28.3 mmt, which is up 6.8% from the same period last year [ (Leybovich, 2011) ].
Industry was a main contributor to the economy of Russia and Finance Minister Sergei Witte (1892-1903) targeted output in particular as a means of transforming the economy. One example of Witte in action is the change in coal output: in 1890 it was 5.9 million tonnes (before Witte took over as Finance Minister) but in 1900 it had increased to 16.1 million tonnes. That is nearly tripling the output in those ten years. Furthermore, in 1913 it was 35.4 million tonnes (still increasing because of Witte) however it dipped in 1916 to 33.8 million tonnes. This could be because of two things: the war or the unsustainability of his policies.
Chapter 6 (Case 6-1 CHINA PETROLEUM AND CHEMICAL CORPORATION) 1. The net profit figure reported under PRC GAAP is RMB 19,011 million. This is RMB 2,592 million lower than the amount under IFRS, and RMB 6,566 million lower than the amount under U.S. GAAP. The net profit figure of RMB 19,011 reported under PRC GAAP was increased to RMB 21,593 under IFRS. The increase of RMB 2,582 under IFRS was due to the following reasons: Dep.
Shell’s net income also rose to $6.98 billion in the 3rd quarter of 2011, an increase of 100% from the previous year. Does it even seem possible that these companies have posted such high earnings while the rest of the world is in a recession? While oil prices rose due to instability in the Middle East, specifically Libya, oil production was completely halted. How is that feasible in a highly regulated industry? To effectively delve into this topic, we need to examine this from two standpoints: ethical and legal.
Specific Gravity & Grade: Simulated values using the min and max values of respective parameters given in the case. (Used RandBetween() function) (Exhibit 3). Gold (Oz) = Volume * 0.0283m3/ft3 * Specific gravity (MT/m3) * Grade (oz/ST) * 1.1 ST/MT Costs: Costs for Roads and Diamond Drilling has been calculated using the min and max ranges provided in the case. Road: 2.5 km to 7.5 km and Diamond Drilling: 2500 m to 7500 m.
The main lead mineral is galena (PbS), which contains 86.6% lead by weight. These ores are smelted down to give the products and by-products. Production and consumption of lead is increasing worldwide. Total annual production is about 8 million tonnes; about half is produced from recycled scrap. As of 2009, Australia was one of the world’s top lead producing countries.
We can conclude that they use FIFO because the inventory amount increases through 06 in 65% and then decreases in 07 by -13%. The rise in prices in 2006 is the reason why the inventory is more expensive because the increase in purchases was not as big as the increase in inventory price. If they used LIFO the inventory in 2006 would not have
The data in the Excel spreadsheet linked below gives the average monthly price of gold (in dollars per ounce) for the years 1980 to 1983. In which of the years was the coefficient of variation of gold price the highest? 1. 1980 * 2. 1981 * 3.
Total exports from the U.S. to Denmark totals 2,268.5 (in millions) for 2006. 2. What is the total level of U.S. investments in Denmark? Of Denmark investments in the U.S.? The total investments from the U.S. to Denmark totaled 5,655 (in millions) in 2006.
c. Internal common equity where the current market price of the common stock is $43.50. The expected dividend this coming year should be $3.25, increasing thereafter at a 7% annual growth rate. The corporation’s tax rate is 34%. d. A preferred stock paying a 10% dividend on a $125 par value. If a new issue is offered, flotation costs will be 12% of the current price of $150.