South Africa is emerging as a profitable production and export base for some of the world’s big auto manufacturers, despite the country’s remoteness, its reputation for labour militancy and political uncertainties. South Africa has also become a key supplier of motor industry components. With massive platinum and palladium deposits, South Africa has emerged from nowhere to take nearly 10% of the world’s production of catalytic converters, which is set to increase to 25%. This did not happen by accident. It is the result of a deliberate strategy by the government to draw the world’s best car manufacturers into South Africa, and drag the domestic industry from behind protectionist barriers into the highly competitive global market for cars and components. ‘When we started, the South African auto industry was in ruins,’ an economist from the government’s Motor Industry Development Programme (MIDP), said. ‘Domestic production could not even compete with imports, which faced duties in excess of 115%,’ he adds. MIDP has kick started South Africa’s ailing motor industry by attracting the world’s big car makers with many financial incentives. The new factories have had the benefit of generating thousands of new jobs and forcing hundreds of small and medium-sized local suppliers to improve quality and productivity or face extinction. Exports of fully built cars have increased to 5 billion rand, and are expected to double within two years. At the same time, exports of components have trebled to 12 billion rand. German car manufacturers have been the first to take advantage of MIDP’s export credits and investment allowances, although Italian and French companies, such as Fiat and Renault are rapidly following. DaimlerChrysler has just announced that it is switching its entire production of right-hand drive C-class Mercedes Benz cars from Bremen in Germany to the Eastern Cape in an investment project worth 1.3 billion rand, which will create 800 new jobs at the plant and 3000 new jobs in the supply industry. Mercedes’ East London factory in South Africa is now exporting C-class models to the USA, the biggest car market in the world. BMW has invested 1 billion rand upgrading its Rosslyn plant near Pretoria, which will export 75% of the 40 000 3-series cars produced each year to Britain, Germany, Japan, America, Australia, Hong Kong, Singapore, New Zealand, Taiwan and Iran. Daily output has increased five-fold since creating 900 new jobs at the Rosslyn plant, and an estimated 18 000 jobs in the car component industry. The Eastern Cape remains one of the poorest regions in the country. Average black disposable income stands at a low 5000 rand a year, compared with the white population’s 45 000 rand a year. When Volkswagen were looking for 1300 workers to replace those who were sacked for participating in an illegal strike, 23 000 turned up outside the factory gates in the hope of being chosen. The extra incomes created by the industry help to boost other local industries such as retailing and house construction. The success of MIDP ‘has been a huge confidence booster for us,’ the MIDP spokesperson says. ‘It has enabled us to bring about big productivity improvements, stabilise employment, reduce the real cost of new vehicles, and give consumers more choice.’ Questions: Q1. List four multinational companies that have invested in South Africa. Q2. Using the case as well as your own knowledge, explain three reasons for these manufacturers setting up factories in South Africa. Q3. Analyse the benefits South Africa appears to be gaining from such investment. Q4. Evaluate whether the government of South Africa should continue to support investment by multinational businesses in its economy.
In: Operations Management
Bill has a nonqualified stock option for 100 shares. The grant price is $100 per share. The current market value of the stock is $250 per share. Should Bill exercise the stock option? If he does, should he continue to hold the stock or sell it immediately? Is there any tax advantage in waiting to sell the stock? What is the tax consequence to Bill if he exercises the stock option when the stock’s market value is $250 per share, and he immediately sells the stock? What is the tax consequence to Bill if he exercises the stock option when the stock’s market value is $250 per share, but he waits a year and a day to sell the stock when the stock’s market value is $275 per share?
In: Accounting
This is my C language code. I have some problems with the linked list. I can't store the current. After current = temp, I don't know how to move to the next node. current = current-> next keeps making current into NULL.
#include
#include
#include
#include
struct node{int data; struct node *next;};
int main()
{
struct node *head, *current, *temp, *trash;
srand(time(0));
int randNumber = rand()%51;
if(randNumber != 49)
{
temp = (struct node*)malloc(sizeof(struct node));
current = (struct node*)malloc(sizeof(struct node));
temp->data = randNumber;
temp->next = NULL;
head = temp;
head->next = current = NULL;
randNumber = rand()%51;
while(randNumber != 49)
{
temp = (struct node*)malloc(sizeof(struct node));
temp->data = randNumber;
temp->next = NULL;
current= temp;
current = current->next;
randNumber = rand()%51;
}
temp = head;
printf("%d", temp->data);
printf("%d", temp->next->data);
while (temp != NULL)
{
printf("%d\n", temp->data);
trash = temp;
temp = temp->next;
free(trash);
}
}
printf("EXIT\n");
return 0;
}
In: Computer Science
The following is the information related to the
movement of the goods at Al-Silasil Company during the month of
July 2011:
Number of units 100 / 400 /200 /300 /500 Total
1500
Unit price 4/6/7/10/12
Total cost 400/2400 /1400 /3000 /6000
and upon inventory it is clear that there are 600 units not sold at
the end of July 2011. Required: Determine the cost of goods at the
end of the period, and the cost of sales according to
1. First in first out (FIFO) method 2. Incoming in first out first
(LITO) method
In: Accounting
Suppose the sales in the first year, R, are $100 and they grow every year at a growth rate of g = 10%. Also, suppose that the net margin is 40%. This means that earnings in the first year are going to be 0.4*100 = $40. Assuming that the discount rate, d, is 25%. What is the present value of earnings assuming that the company survives for 10 years?
In: Finance
An investor considers investing 100 000 TL for the next year. This investor has 3 options. The first option is to buy a government bond that sells 100 TL. The par value of this government bond is also 100 TL and the remaining maturity is 1 year. This government bond pays %20 annual coupon interest. The second option is to buy a commercial paper which sells 2200 TL discount. The par value is 10 000 TL and the maturity is 1 year. The other alternative is to invest in a common stock for a year. The current market price of the common stock is 6 TL per share and 1-year target price estimation of the market analysts is 7.90 TL on average for this share. Which option would you invest in and why? Show your answer mathematically.
In: Finance
In Excel, the RAND function generates random numbers between 0 and 1
compute the expectation and Standard deviation.
Hints
a = 0 , b = 1
P(x1<= X <= x2) = F(x2) - F(x1)
In: Statistics and Probability
Using the data from the csv file, answer the questions with rstudio
# number_children - The number of children in the home
# internet - Does the home have internet access?
# mode - The way the household took the survey
# own - Do the residents own with or without a mortgage or rent?
# language - The primary language spoken in the home
# decade_built - The decade the home was built
1) In how many households, wife’s income is over 100K?
2) How many households have a total income greater than 150K?
3) What is the average age of wife living in a home “Owned free and clear”?
4) How many different modes were available to participate in this survey?
5) How many households have both husband and wife younger than 40 years old?
6) How many households do not have internet access?
7) How many homes have 4 bedrooms?
8) How many homes have either electricity or gas monthly cost higher than 100?
9) In households with no children, do husbands tend to be older than their wives?
10) Do households in houses built in the 1960s or earlier spend more on electricity than those built in the 1970s or later? By how much?
# household - A unique ID number for each household
# age_husband - Age in years of the husband
# age_wife - Age in years of the wife
# income_husband - Total annual income of the husband
# income_wife - Total annual income of the wife
# bedrooms - Number of bedrooms in the home
# electricity - Monthly cost of electricity
# gas - Monthly cost of gas
csv file
https://docs.google.com/spreadsheets/d/1w3OCJ-ARXJ7mS_D9aKMjGmHJ3gHO2IEVpoW3tOUoCZs/edit?usp=sharing
In: Computer Science
According to LIMRA, 65% of husband-wife families with kids under 18 years old have life insurance. A random sample of eight husband-wife families was selected. What is the standard deviation of this distribution?
Assume that the random variable x (number of uninsured drivers) follows a Binomial distribution.
Round to have two decimal places
In: Statistics and Probability
Consider the user-defined MATLAB function below,
ht_mp_ch().
The function ht_mp_ch(), outputs the sampled version of the impulse
response hmp(t) of the multipath fading channel as a
vector.
function
impulse_response=ht_mp_ch(max_delay,L,decay_base,t_step)
t_vector=0:t_step:max_delay;
mp_tmp=0*(t_vector);
path_delays=[0 sort(rand(1,L-1)*max_delay)];
impulse_positions=floor(path_delays/t_step);
mp_tmp(impulse_positions+1)=exp(j*2*pi*rand(1,L));
mp_tmp=mp_tmp.*(decay_base.^(t_vector/max_delay));
impulse_response=mp_tmp/sqrt(sum(abs(mp_tmp).^2));
Explain what the variable on the left-hand side represents and
justify how the right-hand side expression is formulated by adding
comments to every line.
In: Electrical Engineering