Under the current rate method of translation, the key fundamental concept is that the entire amount of foreign investment is exposed to foreign exchange risk. Thus, the current exchange rate is used to convert all the assets and liabilities. Further, under the current method of translation, the balance sheet exposure...
To calculate the total cost, we must first establish the cost driver per labor cost. Calculating the cost per driver= 7500, 000/250,000 = 30 times, direct labor cost To calculate the total cost, we assume that the cost of labor is 25,000. Therefore, the cost of consultant labor cost is...
Financial statements serve the main purpose of providing information to the stakeholders of companies about their financial performance. However, not much can be derived from the information in the financial statements in their current form. Financial analysis is necessary in order to derive figures that can be interpreted and used...
The year 2007/08 has experienced global financial crises characterized by contracted liquidity in world money markets and banking institutions caused by the “failure of investment firms and mortgage companies which invested heavily in subprime mortgages” (Gretchen). Subprime lending is a term that refers to an exercise of advancing loans to...
Introduction The concept of price elasticity of demand of a commodity is of great essentiality in economics as it shows how much the demand of a commodity will change as a result of price deviations (Bade and Parkin, 2001, p. 107). In other words it shows how the demand of...
It is quite clear that River City National Bank has had problems in dealing with the ever increasing number of its customers and as a result there has been constant complains from some of the customers. On the other hand, the manager of the bank has tried implementing several policies...
Introduction Expedia’s expansion to East Asia might be one of the most important cornerstones of the company’s development in the last decade. Since Indonesia is going to be the first market in that region that the web-based service provider is going to tap into, it is imperative that the marketing...
Introduction With the rapid development and sophistication of financial systems, governments discovered a necessity for a financial institution that would address such an issue. The solution was found in the creation of a central bank or reserve bank that would stand as the monetary authority on the territory of a...
Factor prices play an important role since they determine how resources are distributed among producers. When the factor prices increase their demand reduces. Likewise when the factor prices decrease producers demand for more factors of production. Some people earn their incomes through wages and salaries and hence they are earning...
Introduction This report intends to carry out an in-depth analysis of General Dynamics to establish whether investors should invest in the company or not. In order to do this, the report analyzes different financial ratios such as liquidity, profitability, debt management, and market value ratios. General Dynamics is one of...
Introduction In every successful organization, decision-making requires proper control and attention from the management; executive action and planning are the essential parts of this process. Since executives generally consider serious issues, the consequences of their strategic decisions depend on the ability to find a comprehensive approach to the problem. The...
For every business, it is essential to follow a clear and effective strategy that corresponds to its vision. A balanced scorecard helps develop such a vision and strategy that would be the most beneficial for a firm. The concept of a balanced scorecard was created by Kaplan and Norton (1997)...
Identification and Measurement of Critical Success Factors in Strategic Management An organization must build sustainable long-term growth, and it can succeed by implementing an optimal strategy for achieving the goal. Choosing a plan to utilize begins with an organization’s purpose determination and its goals over a long span. The mission...
Introduction The given paper will primarily focus on the theory of work-life balance in the high-tech industry. The reason for selecting the topic is that the high-tech industry is fairly new, but its impact is substantial. Therefore, it is important to have an academic understanding of employee relations within the...
Introduction Organisational performance is subject to several macro and micro factors affecting the business environment. Consequently, managers often strive to formulate strategies that would enable them to navigate these factors to improve productivity. Leadership is often used as a guiding tool for realising such changes and rarely has it been...
In recent decades, business sustainability efforts have been prioritized in the business sector as a pivotal element of successful and competitive company performance across all industries. Sustainability as a broad but very important concept implies the ability of a given business entity to lead a safe and productive economic performance...
Introduction The relationship between financial development and economic growth has been researched and developed over the years to try to determine its validity. The theory that financial growth facilitates economic growth can be proved by considering the effects of business transactions and channeling of transactions through the economy, factors that...
Introduction The recent financial crisis is the worst to have taken place since the 1930s. Though several crises have occurred in the past (for example the 1980s and the 1990s financial crises), the one between 2007 and 2012 was the worst to have hit the economies of several countries across...
Introduction Rise of globalization has caused tremendous growth in the financial markets. This is because there is increase in international trade. This has consequently resulted to an increase in number of international transaction. Financial assets trade at the financial markets. According to Newage Publishers, “international financial markets undertake intermediation by...
Introduction According to Roberts (14), interest rate parity is a process through which two countries engage in a business transaction that involves interest rates under no arbitrage conditions. These conditions will create a scenario of equality between two countries involved in forward exchange as well as spot exchange rates. Interest...
Introduction In the past two years or so, the financial markets, institutions, and world economies at large have been affected by a financial turmoil of unrecorded magnitude. The situation in the world financial market and other financial institutions has positively begun to improve. Nevertheless, there is a need for investigation...
Introduction The paper at hand is going to provide a critical analysis of formal strategic planning to prove that this approach is presently ineffective for dynamic and highly uncertain business environment. It must be admitted, however, that during several decades, the leaders of both small and large enterprises successfully implemented...
With technological advancements that allow users to access large data volumes, there is now an opportunity to resolve many problems linked to inefficient information. In many cases, auditors may find it beneficial to predict the occurrence of complex situations and act before they take place. Because of this, the predictive...
The Approach to Creating a New Evaluation System To be able to create a new performance evaluation system, the manager will have to discuss its basic principles with every worker (if possible). By doing this, the manager will ensure that all employees can get used to the new system and...
Introduction As a generic strategy for achieving a competitive advantage in the e-commerce industry, Amazon uses cost leadership. This strategy implies the minimization of operational costs in order to reduce prices for customers and thus be competitive against other retailers that also offer low prices. Amazon has invested in technological...
Introduction The Federal Reserve was established by the US Congress to help study and implement monetary policy. The Fed was created to ensure stability in the market, especially in the financial market or banking system. The Monetary Policy of the Federal Reserve aims at reducing the cost of credit so...
Introduction The Islamic banking system is a system of banking that is mainly practiced by banks in the Muslim nations together with those targeting the Muslim population. Islamic banking is modeled on Sharia law, which is a set of laws that govern the Islamic faith. Under Sharia law, a Muslim...
Introduction Budgeting is one of the key processes involved in laboratory management (Tolzmann & Vincent, 2013). There are a variety of financial issues and responsibilities that laboratory managers have to address, and a thorough budgeting plan might help them in their work. Moreover, a budgeting plan is needed to transform...
Black Scholes (B&S) and Binomial Models are used for pricing options. Black Scholes allows determining the theoretical call price, which uses different determinants of price including “stock price, strike price, time remaining, volatility, and the risk-free rate of interest” (Capiński and Kopp 61). B&S is based on the normal distribution...
Introduction Futures are a form of forward contract, which gives a fixed rate for a financial instrument, such as security prices, exchange rates and interest rates at a future date. Financial futures can be used to hedge against risks that appear in gilt prices, interest rates, foreign currency exchange rates,...
Introduction United Arab Emirates (UAE) is a federation that is comprised of 7 distinct emirates namely Abu Dhabi, Sharjah, Dubai, Ajman, Fujairah, Umm Al-Quwain, and Ras Al-Khaimah. Each of these emirates is governed under certain rules and regulations formulated by a hereditary emir who is the sheik of Abu Dhabi....
Adjusting Entries Following are the adjusting entries and narrations for each of the given cases: Inventory Value Adjustments Following are the adjusting entries for inventory items: Inventory Value Adjustments Journal Voucher $ “000” $ “000” Dr Cr Inventory Revaluation $ 1,760,000 Raw Material $ 1,760,000 Finished Goods $ 2,000,000 Cost...
GDP is the market value of all goods and services produced in a country in a given year. This value arises from summing the total value of domestic consumption, investment, government spending and exports fewer imports. This year I contributed to the overall GDP when I bought five computers out...
Making Eye Contact The article “Business and Social Etiquette – How to Make Eye Contact” discusses the dynamics of making eye contact, including cultural and personal orientations, communication through making eye contact, as well as country-specific interpretations of this mode of communication. The article is clear that cultural and individual/personal...
According to Sherrie (2015), variable costing has become paramount in decision-making. Today, managers are using variable costing to make strategic decisions. Many managers argue that variable costing is the best in internal reporting. Variable costing does not consider manufacturing overhead when reporting items in the income statement. When making strategic...
Executive Summary In the last decade, national setters of accounting standards have become aware of the emerging need for efficient standards that can be used to regulate financial institutions. Countries within the Middle East such as Kuwait, Lebanon, Bahrain, Qatar, the UAE, Oman and Jordan have acknowledged the need to...
Competition has gone global and the market and industry dynamics have necessitated the need for companies to make concerted efforts streamlined towards ensuring that high-quality goods and services are offered in the market at competitive prices. This has resulted in the adoption and implementation of several tools and strategies geared...
The purpose of this plan is to identify all the tasks, activities, and phases that will be entailed in the creation of an e-commerce website. It will summarize the requirements needed to maximize outputs. It will also include constraints and assumptions in planning and a schedule for implementing all the...
Introduction This proposal relates to the development of an e-commerce site for Computerworld limited, a small enterprise computer hardware reseller. The company has a small capital base but with great potential as regards growth opportunities. There is great demand for computer hardware due to its usability in all aspects of...
Summary There are numerous lessons that can be learned from Islamic finance/economics that are relevant to the recent financial crisis. In this context, the recent global financial crisis fronted numerous challenges to various organizations and countries. Consequently, lessons emerged on how organizations react to the ever-changing economic environment. Most institutions...
Introduction Visual stock exchange has been instrumental in aiding the understanding of key trading strategies that facilitate effective portfolio management. Evidently, Spring-2013 is a visual trading game that is executed with the philosophy of achieving best results or returns. This explains why students should adopt quality and viable trading strategies....
Reasons for Absorbing Overheads on Pre-Determined Bases Overhead cost per unit is based on estimates. Therefore, it is almost unavoidable that at the end of the accounting period an under-absorption or over-absorption occurs in the overhead actually realized. The estimated cost of overheads and level of activity may not match...
Herding is a term that literally means acting or moving together as a group without any definite direction. It could apply to a group of animals, people, or even objects. In finance, the term is used to describe investors and/or fund managers who get into ventures that are risky without...
This analytical paper attempts to carry out an evaluation of the research study’s hypothesis. Analysis will be based on an evaluation of performance and efficiency of 18 banks in the year 2011 (Cooper, Zhu, & Seiford, 2011). Efficiency will be measured using the Data Envelopment Analysis (DEA). The method is...
Introduction A perfectly competitive market can be identified as a market characterized with many competitors that are free to enter or leave the industry. An industry that deals in bread production and supply is an example as identified in California in this study. Some of the suppliers of bread in...
Introduction This assignment is a discussion on the topic of organizational culture. In the discussion, I have explored the topic in terms of national and organizational culture using theoretical models of organizational culture and Hofstede’s dimensions of national culture. The discussion also pays attention to the relationship between management and...
Introduction This analysis involves conducting surveys and studies on the situation analysis and future marketing plan of Kinect Xbox 360. It is necessary to determine the consumer decision-making process and the potential of the product influence on the consumers. The product is in a position to face competition and challenges...
Introduction IBM is one of the leading companies in Information Technology. It embraces an enormous pool of employees from diverse backgrounds. Recently, it has embraced the adoption of the Human Resource Service Centre, HRSC, in North Carolina (Mello, 2006). This Human Resource Strategy aims at improving both the strategic operation...
Introduction Business intelligence is referred to as computer-based procedures that are used in scrutinizing trade information, extracting, and in classification. A variety of business intelligence schemes are prone to backfiring of their expectations. To evade this, organizations ought to implement techniques and benchmark other organizations. To evade ordinary drawbacks that...
Wal-Mart has earned itself the enviable position of being the largest retailing company in the whole world. The company’s unprecedented success can be traced back to the founder of Wal-Mart. Sam Walton opened the first Wal-Mart store on September 1, 1945. Those were hard times. It was the period of...
Objectives Ensure 75% of our target market is aware of our offering within a period of 10 months. Ensure that within 12 months, 60% of our customers prefer our product to other brands in the market. Ensure that 80% of our core customers are retained in our business and understand...
Leadership Philosophy The concept of leadership is associated with the idea of acting together as a team and with the idea of directing the company to further progress. My personal leadership philosophy depends on the approaches to manipulating my personal traits in order to achieve definite results. The focus on...
Lewin’s change model conceptualizes behavior in terms of a dynamic balance between two conflicting forces. These include driving and restraining forces. Driving forces lead to change by motivating members of the organization to adopt the desired behaviors. By contrast, restraining forces discourage change by encouraging resistance to proposed behaviors. In...
One of the main premises of successful operations management includes the availability of as many resources as is required for the normal functioning of a business organization. In particular, it shapes the basis for the competitive advantage of a company over a series of both tangible and intangible resources that...
Basics Marketing Concept Reflectively, marketing involves the process of designing, reviewing, presenting, and analyzing the response of a market towards a product. The Apple Company will adopt the five stage process in order to assess the business because customers are unresponsive to poor quality products. The Apple Company marketing team...
Introduction The success of an organization is determined by employee’s efficiency and productivity. An employee must understand the organizational culture, policy, competitors, history and job description. New employee orientation training is a practice that assists and welcomes new employees in the organization. New employee orientation training is a socialization process...
Introduction Adult & Teen Challenge Ohio is an organization aimed at assisting women and girls with substance misuse issues and providing students with education opportunities for counseling and psychology studies. Presently, the Adult & Teen Challenge Ohio is experiencing challenges in sustaining its operations due to the lack of efficacy...
Executive Summary Tesla is one of the high-tech companies that hopes to revolutionize the way the planet addresses the problem of climate change and sustainability. To achieve its mission, the company has had to continually innovate. The current business environment has been analyzed using PESTEL (political, economic, social, technological, environmental,...
Introduction Chevron is among the largest oil and gas companies globally, making it a highly compelling organization to conduct a case study. The company realizes that it is a major energy provider, which can cause devastating pollution and environmental damage if it does not set and adhere to certain standards....
The effectiveness of the organization is largely determined by the joint activities in groups. However, to achieve effective results of team working, it is necessary to correctly form the group and ensure the presence of the skills of teamwork in all its members, as well as the ability to combine...
Marketing: Process or Philosophy? Marketing is a multifaceted and complex concept that involves numerous theories, models, techniques, values, and business management approaches. Given such complexity of this issue, marketing is commonly addressed as a process and as a philosophy. On the one hand, marketing is approached as a process that...
Businesses operate in dynamic environments comprising of both biotic and abiotic factors. These factors affect how businesses operate thereby affecting their profit margins. Since profit maximization is the single most objective of setting up a business, the integration of these abiotic and biotic factors must be considered at all levels...
Wal-Mart is one of the largest retail companies in the world and has operations in 15 countries across the world (Johnson 2006, p. 1). Wal-Mart’s remarkable success is attributed to the adoption of information systems (IS) as early as 1966 when Walton (the founder) joined an IBM school in New...
Introduction The objective of accounting is to provide both financial and non-financial information which is necessary for decision making. Accounting is a very broad field covering fields such as cost accounting, management accounting and financial accounting. However, all these fields interact with one another so as to provide useful information...
Last Name The payback period is a simple calculation of the total time required by an investment to payback the initial outlay. The concept is simple, but it ignores several important factors, and any decision made on the basis of payback period can be harmful, if other factors are taken...
Introduction China is a country that is very lucrative for foreign investment. It is a country that receives huge foreign capital. China attracts foreign investment because of its strong economy and low transaction rates. It has a strong capital market and an environment that is easier for the transportation and...
Introduction Chinese economy is characterized by the liquidity nature and good production environment which enhances business. Chinese government has been encouraging locals and international producers and service providers to locate in the country by providing good and conducive political and financial environment where all can freely trade. The working culture...
The most common accounting systems in the manufacturing process are job order costing and process costing. These two systems have some similarities and differences as well (Jamal, 2007). One similarity between the two systems is that they have the basic purpose of allocating labor, raw materials and overhead costs to...
Introduction Organizations deploy employees as the most crucial tools for attaining organizational competitive advantage. To achieve organizational goals, objectives, and aims, businesses have to ensure that they recruit the most qualified staff to carry out their functions. Apart from recruitment, an organization sets appropriate remuneration packages and benefits, seeks mechanisms...
Identifying situations that might lead to unethical practices and behavior in accounting Various situations have been identified to lead to unethical practices and behavior in accounting. One situation which has been identified is undue pressure to meet unworkable objectives within a constrained time limit. This may make the accountant unaccountable...
The concept of work ethics is traditionally discussed in connection with work commitment and moral principles and values shared by the employees in their everyday life and at work. From this point, the role of work ethics as a complex notion is significant in relation to creating a positive atmosphere...
The global business environment is filled with dynamism and change with globalization and technological changes affecting many businesses. Due to these changes, it is necessary that firms establish the best strategies that can sustain their objectives to the future rather than making them quit the market. Following these challenges, firms...
Introduction Capital budgeting techniques refer to the methods used by a firm to appraise its projects. These capital budgeting decisions are essential to an organization’s success because they involve huge cash outlay; when committed, a project becomes sunk cost. Secondly, a firm must decide on the most viable project to...
Introduction This analysis seeks to discuss the meaning of absorption, variables and throughput costing, and when each of these would be applicable. The researcher will also provide concrete examples to enable the reader to have a good grasp of the three concepts. Presentation of Analysis It is worth mentioning about...
Advantages of Activity-Based Systems Activity-Based Systems determine the real cost of overhead before assigning the costs to such activities. Therefore, a company allocates costs to those units that require the activity. The approach appreciates the fact that at any point, the company’s activities will occasion cost, which will vary with...
Introduction Rolls-Royce Limited underwent extreme losses due to exposure. The exposure in consideration is the economic exposure. In general, exposure refers to the degree to which the company is affected by varying exchange rates. This case involved an international multinational company, which dealt in jet engines. These rates affected the...
Introduction The global financial crisis which occurred in 2008 was one of the greatest events in financial and economic history. It is very rare to find a crisis of that magnitude. It was the worst global financial crisis that the world has ever witnessed apart from the 1930s Great Depression....
Introduction FedEx was founded in 1971 by Fredrick Smith in the little rock, Arkansas. After formation there are several events that have occurred in the company leading to the success. Initially, the company traded as FDX but later changed to FedEx. After two years of operation the company relocated to...
Company Background CustomInk has been operating in the apparel industry for quite a while, having gained a rather impressive reputation despite a seemingly simple set of services and a comparatively narrow range of products. Creating the feature that made the entrepreneurship stand out of a range of similar services in...
History of the Topic Supply and demand of labor has been an issue for quite some time. In the early 1800s, economists tried to understand the shifts in the demand and supply of labor with the view of bringing long term stability and solutions in the event of a crisis...
Sole Proprietorship Format Usually labeled as the most common type of entrepreneur, a sole proprietorship is “an unincorporated business owned by one person” (Beatty and Samuelson 485). A sole proprietor may also file for a d/b/a (“doing business as” (Beatty and Samuelson 485)), which means that the owner of the...
Introduction Several millenniums ago, the world was dealing with the dynamics that resulted from the transition from a hunter-gatherer society to a farming one. Industrialization was the main economic phenomenon in the last century but the world is now headed towards a knowledge-based economy. A ‘knowledge-based economy’ refers to the...
Research survey In order to understand the relationship between organizational culture and performance at company X, a research survey consisting of twelve questions was conducted. The survey was carried via the open ended and closed ended questionnaire. The survey targeted two employees of company X since they have an insight...
Credit Acceptance Corporation Network effect CACC specializes in offering diverse finance programs, products, and services to automobile dealers, which enable the dealers to market vehicles to their target customers irrespective of their credit history. CACC offers its financing services across a network of automobile dealers located throughout the US. Upon...
Leadership styles fall within three general categories. Autocratic leaders make all the decisions on behalf of their teams. Democratic leaders follow the collective will of their team members. The team adopts ideas that have the support of most of its members. Laissez-faire leaders on the other hand do not exert...
Introduction Organizations are some of the most important entities in the modern world. They make significant contributions to the society in terms of providing specific products, services, and employment. Through organizations, societies are able to develop and experience growth. Given this importance of organizations, scholars have carried out intensive research...
The Strategic Planning Initiative of Wal-Mart Wal-Mart has put in place long-term plans aimed at increasing its competitiveness in the market and maintaining its industry leadership position. The strategic plans are aimed at improving the customer relationship with the firm that leads to the repeat business (Wal-Mart, 2014). The increased...
Introduction ALDI is an Australian-based business that offers a limited range of common household goods based on a low-price strategy. Its operations have continued for the last century since the establishment of its first store in 1913. The ALDI business has undergone numerous organizational changes that have enabled it to...
Executive Summary The Kenya’s soft drink market has been experiencing growth in the recent past. APMC is, therefore, coming into an industry that is well established and has players that have been in the industry for a long time. Although the size of the market is relatively big, entering this...
The case study for Company B is a classic example of how companies can work in reconciling dichotomies. Dichotomies are non-overlapping two extremes of doing something; and Company B seems to have reconciled all methods to produce, promote and project the company to the right people in the right manner....
Application of best practice principles in the supply chain helps in fostering collaboration and information sharing among stakeholders, which contributes to supply chain efficiency. Wal-Mart achieved supply chain efficiency through the major process of business namely purchasing, distribution, retail strategy and use of information systems. Overall implementation of supply chain...
The development of a strategic plan for any company is a very important exercise. The process requires an understanding of the internal environment of the business as well as its external environment. It also requires the involvement of all stakeholders to ensure that organization is moving toward a common goal....
Introduction Float glass refers to a sheet of glass produced through a process of floatation of glass in a molten state in a molten tin bed, a process that ensures that the glass achieves a perfectly flat surface and uniform thickness (Haldimann, Luible and Overend 1). The common name of...
Introduction A global company based in US intends to open its first new branch in Middle East/GCC region at Sharjah. The plan is to employ more than 1,000 people from diverse backgrounds at all levels of the organizational operations. The selection of Sharjah as the city for the company to...
Introduction A sustainability report is a document that addresses the company’s performance in terms of economic, environmental, and social issues affecting the society within which operates. It goes beyond what a normal report provides. It improves an organization’s commitment to sustainable development through making recommendations that are relevant in achieving...
Ratio analysis Profitability 2009 2010 2011 2012 Net Margin % 3.04 3.59 3.94 -0.86 Return on Assets % 5.53 6.38 7.2 -1.64 Gross Margin % 26.67 26.91 26.94 26.62 Turnover ratios Days Sales Outstanding 27.64 28 29.09 28.81 Days Inventory 47.83 47 47.83 48.42 Payables Period 43.45 43.95 44.21 41.99...
Risk management is a very diverse field. This is because all human activities are inherently risky. This explains the large number of professional who handle various risk assessment tasks for their clients. Risks exist in business, as well as in sports, in music as well as in the military. In...
Introduction Hulhumalé Development Corporation (HDC), initially a government owned corporation, had the sole duty to develop and manage Hulhumalé since 2009 (Housing Development Corporation, 2011). Hulhumalé Development Corporation is tasked with handling the housing activities of the government in Maldives as a whole. To this effect, its name is now...
Introduction The reported financial statements do not give an in-depth analysis of the strengths and weaknesses of the company. Therefore, it is necessary to carry out a comprehensive analysis of the financial analysis of the financial statements so as to have a better view of the company. Further, analysis of...
Introduction Big data and other IT resources are increasingly being used by many organizations to enhance business efficiency. Organizations use the two resources for strategic functions. They also use them for competitive reasons. However, there is a minimal focus on how Databases and other IT resources can be utilized to...