D. $17,241. E. $16,667. 3. Norton Co., a U.S. corporation, sold inventory on December 1, 2011, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: What amount of foreign exchange gain or loss should be recorded on December 31?
Joyce has identified a list of parts that would be candidates for her global sourcing initiatives to China to reduce costs. Of the twenty-two parts that are potential candidates for global sourcing, eleven are already part of a strategic sourcing agreement and eleven are sourced throughout North America. She has provided us with the current price per piece but has not provided us with a price from any potential supplier from China. There are also additional costs that Joyce has identified that will be above what they currently pay for transportation, holding costs , taxes, administration fees and duties. If they source from China these charges include: • 8% duty for products from China • 25% increase in inventories, this would increase Trojans inventory holding.
In your opinion, which played a greater role in Multitech’s growth strategy: Traditional Motivations or Emerging Motivations? Why? Definitely Shih used the Emerging Motivations for the Multitech’s growth strategy. The reason why is because the company first started in Taiwan and after they expended their company overseas leading to the U.S. The Multitech was motivated to internationalize as they had increased their competitive positioning allowing cross subsidization of markets overseas.
This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country. There are many examples of MNC's such as Nike or Primark. MNC's play a massive part in the development of globalisation as they often invest heavily into the country they move into. They will build good quality factories to produce the goods and also introduce effective manufacturing methods. These manufacturing methods can be replicated by other businesses in the countries and improve their ability to manufacture goods.
Hong Kong became an international city that can handle a large number of capital and goods from all over the world. The Special Economic Zones like Shenzhen, have the convenience access to Hong Kong, therefore, they are developing a better economic market than inner periphery. These are the preconditions make the economic development of China’s inner periphery left behind. Chinese interior periphery development is left behind, which is because some obstacles
Although there are many similarities between the development of Chicago and Chongqing, the speed and scale of Chongqing’s development is unprecedented and puts it in a class of its own. Chongqing is growing eight times as fast as Chicago had, averaging three hundred thousand new people a year. These citizens migrate to cities like Chongqing mainly for employment. In China, there is a massive pool of labor that will work for very low wages, as many Chinese individuals are used to surviving on less than two dollars a day. Combine inexpensive labor with modern factory technology, and one may understand the reason for huge investments in city expansion projects and infrastructure, and perhaps the Chinese competitive advantage.
Immigrants from China built the Transcontinental Railroad, which brought our country together by connecting the East and West. Many have become scientists or engineers and have created numerous ideas and inventions to make our lives better. Immigration is the largest factor contributing to population growth and contributes over 2.25 million people to the U.S. population annually. (Elbel) The chart shows the U.S. has traditionally allowed relatively small numbers to immigrate, thus allowing for decades of assimilation. After the peak of about 8.7 million in the first decade of the 20th century, numbers went steadily down.
Trade Most goods we buy have a label on them. This ‘made in’ label tells us where the items have been produced and therefore from where they were imported from. The exchange of goods and services between nations is trade. International trade is based on a country specializing in producing a surplus of gods it can produce most efficiently in order to gain a competitive advantage. Trade allows for: businesses to grow and create more jobs, a wider choice of goods and services often at cheaper prices, economic growth and the strengthening of strategic and political ties between nations.
For example, from the text: “the firms four top loan officers made between $250,000 and $300,000 each” (Hellriegel and Slocum, 2010 p.532) When the housing market cooled down in 2004, it affected business at Scott Mortgage and forced the organization to institute change. According to (Leadership and Change, 2009) “Today’s business world is highly competitive. The way to survive is to reshape the needs of a rapidly changing world” (¶ 1). While changes in the industry influenced changes at the organization, there were also technological changes at Scott Mortgage. Change in technology was influenced by the use of Internet tools such as Google search engine used to search potential clients, and the use of web-based software to process borrowers’ qualifications.
Kota Fibres, Ltd. Case Brad Medford March 12, 2009 Executive Summary Kota Fibres is a producer of nylon fiber with one plant in India. The company supplies many small local textile weavers. Ms. Pundir, The managing director and principal owner of the company has come to a shocking realization recently; despite increasing sales growth Kota Fibres has major financial Issues. Problem For most people walking up a steady incline is simple, However if there is obstacle like a mountain in your path careful planning will be necessary to ascend and return back down safely. Kota Fibres Has a steep seasonal spike in their sale during May, June, and July.