How has Aurora Textile performed over the past four years? Be prepared to provide financial ratios that present a clear picture of Aurora’s financial condition. Exhibit 1 shows Income statement of Aurora Textile Company for the fiscal years 1999-2000. As mentioned in the introduction, Aurora had remained main efficient plants by reducing inefficient operations, but its sales show downward trend and in 2002, it decreased about 40% to compare performance in 1999. Due to the fact that Asian and other foreign textile manufacturers have been exported aggressively and consumer preferences are requiring higher-quality products with minimum defects, like other firms, Aurora tends to produce small amount of yarns produced with minimal period and provide to customized markets.
Economic: maximizing stockholders wealth and value In regards to evaluating your company on their attitude toward economic social responsibility, I have found that your company has made some good moves, although there could be some improvements made in this area. By closing down the two stores that were losing money you increased the profits at your other stores. This helps the wealth of your stockholders, and shows a good attitude toward economic social responsibility. Considering the high profit margin of stocking health and organic products your company took years to stock the products and still only carries a limited supply. This shows a bad attitude toward economic social responsibility.
But consumers aren't helping their fellow countryman earn his own living by buying these imported items. Consumers are giving their hard-earned money to Walmart to go back to China to buy more items. (Smith & Young, 2004). Walmart has created new jobs for people when they open new stores, but they are underpaid jobs. Many of the positions are part-time, therefore, they are positions without benefits.
For example, in Beijing, which is the largest city in China, more than half of the families have only one child ( Hesketh and Wei Xing, par 1-7). Even though some people think that China’s policy of one child will improve China’s future, the policy violates basic human rights, creates an imbalance in the population, and produces many psychological problems with negative social impacts. The Chinese government claims that the application of a strict one-child policy exists for the well-being of Chinese society, and the methods used to implement this policy are under legitimate means. However, the measures forced the application of a one-child policy incompatible with human rights and led to violations of human rights. First, the one-child policy applies to the vast majority of people, but does not apply to the wealthy people who can afford to buy their way out of this
However, many workers find that does not happen. Yes, I will admit that they offer better wages than many people in agricultural areas will make, along with that are additional loans to what has often been described as the company store. The Robber Barons often worked with government to make sure that those who
Legislators attacked union organizers; people who held the idea that working class existed, conflicts with the capitalists, and believed that the working class should challenge the power of capitalists. The attacks began due to increase in living standards; the working class was able to buy homes, cars, and make more money. Upward mobility seemed natural in this time period since the working class earned more and had similar living standards to the middle class and capitalist. Unions had different perspectives on “class talk”. The American Federation of Labor (AFL) did not have interest in working class and focused on the prosperity of the members.
Those peasants had easy access to ships to go to the United States and other places. The Chinese learned about the Gam Saan “Gold Mountains” in which migrants hope to make money and return to buy land or help their families out of debt. Many of the migrants were not coolies. They used the credit ticket system; they borrowed money from a broker to buy a ticket. Many of them were illiterate with wives back in China.
The policy was established to improve social, economic and environmental problems in China, as well to reduce the rapid growth of China’s population. It is known that from 1979 to 2011, China has prevented 400 million births. The One Child Policy was introduced to china for many reasons. One reason would be to supply China’s people. Like every other country, China has a limited amount of food, water, shelter and education; it does not have enough resources to supply the whole country, especially if the one child policy was never introduced.
Article 25 says that “The state promotes family planning so that population growth may fit the plans for economic and social development”, and Article 49 states that “Both husband and wife have the duty to practice family planning”. In fact, the constitution cannot enforce jurisdiction directly in China, so the government has published many treaties, rules and ordinances to execute this policy, and finally in 2001, there was a law for family planning. However, as there is a serious decline of newborns and the population growth was slow down, China has lost benefits because of the large population. This means that the labor cost is gradually becoming higher, and the productivity of the whole country is a slowing down. Also, the aging society has become a big problem in China, which is only a developing country.
Tardy and skimpy as the benefits of capitalism may have been with respect to the lower classes even in most of the leading industrial countries, they were all but negligible in the less privileged parts of the world. There productivity remained low, and rapid increases in population pushed living standards from bad to worse. The dreams of the prophets of capitalist harmony remained on paper. Capital either did not move from countries where its marginal productivity was iow to countries where it could be expected to be high, or if it did, it moved there mainly in order to extract