SciTronics had $ 75,000 of owners’ equity and earned $ 14,000 after taxes in 2008. Its return on equity was 18.67% an improvement from the 8.2% earned in 2005. Activity Ratios: How well does the company employ its assets? 1. Total asset turnover for SciTronics in 2008 can be calculated by dividing $ 244,000 into $ 159,000.
Another reason people like to defend Wal-Mart is because they have better prices than most everyone else which is easier on peoples wallets. Wal-Mart has become such a household name that most people will shop there without checking out other business when they realistically could be spending a little extra pocket change and helping their economy and help control this giant corporation. The savings people get are on account of cheap foreign goods that aren’t as good as American goods and people don’t realize it because they just remember the good deals. In my opinion there aren’t any other reasons to defend
A time it took place many times the documentary China Blue such as when there were Americans and people from other countries came to observe the factory. It has a big impact on buyers who plan to retail in stores, in a positive way reducing cost of bulk. This is because there is a reduction in international barriers such as tariffs, export fees, and import quotas. The losers in globalization as shown in documentary china blue are the workers at the factory. Workers become losers in this process because the producers have to sell their products close to dirt cheap which causes them to work more for cheaper.
In a highly competitive business world, on a firm’s priority list is the subject of increasing profit and reducing cost. One might than pose the question, has this put them out of business (mom and pop store)? The answer is absolutely not, but rather, they too benefit from cheaper prices as they continue to buy in bulk and continue to operate as the name suggest, convenient
With all the uses industrial hemp provides, we could have a lot more hemp items that would cost less and typically last longer. This would also help stimulate the economy. ii. If you’re like myself, then you are probably struggling with money. Industrial hemp provides thousands and thousands of uses and hemp products usually are cheaper and last longer…something college students can appreciate!
In the end, the free economic system can fulfill almost everyone's needs and wants, while ensuring profit for everyone. A free economic system discourages judgment based on race, creed, color or political affiliation. A company that refused to sell its products to certain types of people or refused to hire or do business with certain groups would face higher costs than
The outsourcing of jobs is not a bad thing for the company because it makes them more money, but for the people who don’t have what young people talk about as bank! Have to try and make something happened. Gas can run anywhere from $3.19- $3.79 and up in Texas alone. But yet major company’s want to outsourcing jobs, and capitalize on the little bit of money they gain. As they manage to indirectly take food off of Americans tables.
Sometimes firms will include a bonus to an employees piecework pay when they perform above standards. This kind of pay really motivates a worker to move fast and to make as many units as they possibly can. There is very little time for an employee to even think of being lazy and not wanting to work since the faster they produce the more money they are paid. Although piecework pay can be great it certainly has its downside. Some of the disadvantages of the piecework pay system is that when the firm is slow at production, the worker will see it in their paycheck.
It is influenced by many economies of both U.S and Mexico. As if U.S economy is doing well and the Mexican economy is doing bad then there is more incentive for Mexicans to immigrate to the U.S. Plus the cost of actually getting into the U.S since it has risen quite a bit. If illegal immigrants have to pay more to get a job but have less guarantee of finding a job it ruins the entire point of going to the U.S for economic reasons. However, if it is reversed then there isn’t any incentive for Mexicans to immigrate to the U.S. Another factor is safety as the trip to U.S is fairly dangerous especially those who are traveling through Mexico have to deal with drug cartels. Another large influence is crime as it becomes increasingly more dangerous to get to the U.S through Mexico because of drug cartels.
In poorer countries, globalization brings the chance to sell their relatively low cost labor onto world markets. It brings the investment that creates jobs, and although those jobs pay less than their counterparts in rich economies, they represent a step up for people in recipient countries because they usually pay more than do the more traditional jobs available there. In addition to this, information via the internet is available to many people because of globalization. The case studies book mentions the specific example of the Darfur crisis. Because of globalization and the access to information, attention was able to be drawn to the cause and help put a stop to it.