Silver Ships In Class Case September 29, 2011 1. Analyzing Silver Ships using Porter’s Five-Forces will be able to bring forward many key aspects and issues that may about the company as a whole. While assessing the bargaining power of suppliers it is stated within the case that, “nearly all manufactures of military and work boats paid about the same prices for engines, lights, seats, deck cleats, radios, and other fittings.” Having a medium bargaining power level is not a main issue for SS but should be watched closely as the demand for the industry increases. Also, stated in the case that the U.S. Navy, Cost Guard, Border Patrol and other law enforcement agencies to place a greater emphasis on littoral patrol, or boats the SS produces. As the demand for these smaller 25-60ft boats increase SS needs to become a driver in the market and industry to remain successful.
Following the MBO the company moved away from the household paints market and towards the niche market of specialised paints as there is less competition and profit margins are higher. The shareholding of the company is as follows:Managing Director 25% shareholdingFinance Director 25% shareholdingSales Director 20% shareholdingProduction Director 15% shareholdingHRM Director 15% shareholdingThe Sales and Production directors have indicated that they would like to sell their shares and retire. In July 2 possible replacements were found who are thought to have the necessary skills.Chic Paints Ltd turnover is currently £120 million having steadily reduced from £200 million over the 6 years but profit margins are around 30% having risen in the same timeframe from 12%. Net assets are over £25 million and the company employs 350 staff.Who are the businesses major stakeholders (internal and external) and why?Stakeholders of the business would include internal and external parties who have an interest in the business.The major stakeholders of Chic Paints Ltd would include the following:• Shareholders - Would
The RD&I Division sold a production quality control service, on contract, to the other divisions at variable cost plus 10% and also contracted externally. RD&I was given a budget appropriation, for researching new products, which was not included in the calculation of its ROI. John Big's objective in decentralizing the corporate structure was to make each division operate and be evaluated as if it were an independent business. Corporate overhead was allocated to the divisions on the basis of a percentage of sales. The division managers were each allowed to make annual investments of not more than 5% of their divisional net assets on their own authority.
CRAFT MARINE CORPORATION 1. How would you characterize the U.S. boating industry? Industry dollar sales 1999---- $22.2 billion 2000----$25.5 billion 2001----$25.6 billion (Attributed to 13% increase in the price of new boat) Heavily dependent on general economic conditions (should consider about the influence of 911), reflect personal discretionary income patterns in the US. Over 100 full-line boat manufactures No one manufacture holds over 10% industry market share Many manufactures are privately owned or are part of larger companies that sell a variety of products Industry sales occur between March and August with April, May, and June being the peak buying months. 2.
The overall fair value of the cruise and operating performance has being affected directly by the sudden presence of pirate’s in the area which the ship cruises. This increase of pirates has created a significant decline of the cruise value. This situations has concurred that Smooth Sailings annual operating cash flow have declined 30% to $1.0 million, and its annual operation cash flows are expected to continue this tendency to decline in the near future. Therefore Smooth Sailings management will evaluate different possibilities that could mold a better future for this cruise in 2011 and beyond. According to the information provided about this case; Smooth Sailings has to test their assets groups for recoverability and potential impairment as of the end of the current fiscal year.
The accounting department supervisor independently reconciles the accounts receivable subsidiary ledger to the accounts receivable control account monthly. C. The accounting department supervisor controls the mailing of monthly statements to customers and investigates any differences reported by customers. D. The billing department supervisor matches prenumbered shipping documents with entries in the sales journal. AICPA AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Risk Analysis Bloom's: Application Difficulty: Hard 32. Which of the following internal control activities most likely would assure that all billed sales are correctly posted to the accounts receivable ledger?
The representative completes the transaction by contacting the customer back with the provided details and the customer decides if the cost is worth the service provided to speed up the process of delivery. International shipping requires research from a customer service agent. Customer service agents help to maximize the international shipping experience for a customer by gathering data that pertains to items that are prohibited or restricted for import and export shipping,
Selecting vendors from the expense test, complete the following steps: • Agree stated payment terms and vendor information to vendor master. • Verify that written reconciliations to statements were performed. b. Tender Process • Review and document the tender process. • Determine whether the provisions of the tender are considered, such as, freight terms, discounts, and service.
As the precedent: Lefkowitz v great Minneapolis Surplus Sore 86 NW 2d 689 (Minn. 1957). The acceptance needs to be the member of the Sporting Yacht Club. The offer will become effective when communicated, the offers become effective after accept by acceptor, and have been communicated (Graw, P51), there were three acceptors to this offer that made by Gemstone. Gemstone doesn’t stated any acceptance method of communication and so, any kind of acceptance of communication methods available as long as it was first come first serve. The offeror may
The Employee Travel and Expense Form is to be used for both travel and miscellaneous employee expense reimbursements. One form should be used per business trip. This form must be submitted within 60 days of a traveler’s return or of incurring the expense(s). Individuals should neither gain nor lose personal funds while conducting business on behalf of the College; therefore, only actual expenses will be reimbursed. Please note that it is the responsibility of each traveler, as well as the supervisor approving the expenses, to comply with the provisions of the Business and Travel Expense