QUESTION 5
CASE: SpinCent: The Decision to Export
SpinCent is a small Pennsylvania exporter of laboratory and
industrial centrifuges. The company was
initially a passive exporter. However, a struggling U.S. economy
provided the incentive for the
company to focus on international markets. The Asia market became a
prime target for the
organization. Management looked to develop long-term beneficial
relationships with a distribution
network in the region. The company did its homework and spent time
in the region identifying
market potential, competition, price points, and recruiting a sales
force. The company discovered
that exporting to the region provided more opportunities than
risks. They now do a steady stream of
business overseas, experiencing low-cost/high-reward endeavor.
Successful planning and a
commitment to goals are advocated by the organization.
(a) Analyse the challenges that SpinCent overcame in developing its
export activity. Describe
how it overcame them.
(b) Based on its Asian experiences, map a sequence to guide
SpinCent’s export expansion to
Sub-Sahara Africa.
Total: 20 marks
In: Accounting
Midwest Bank invests in trading securities. At the beginning of December 2018, the bank held no trading securities. During December of 2018, it entered into the following trading securities transactions:
| Dec. 10 | Purchased 500 shares of Carroll Company common stock for $76 per share. |
| Dec. 21 | Purchased 800 shares of Dynamo Company common stock for $34 per share. |
At the end of December, the Carroll Company common stock had a quoted market price of $79 per share, and the Dynamo Company common stock had a quoted market price of $33 per share.
Required:
| 1. | Prepare journal entries to record the December 2018 transactions. |
| 2. | What is the unrealized holding gain or loss, and where is it reported in the 2018 financial statements? |
| 3. | Show how the bank reports the trading securities on its December 31, 2018, balance sheet. |
| 4. | Next Level If Midwest uses IFRS, how would the accounting be different from U.S. GAAP? |
In: Accounting
Mr. Webster, the CEO of Master Works, Inc., recently stated that the firm will maintain its current policy of borrowing $0.40 for every $1 invested by shareholders. Mr. Webster was referring to the _____ policy of the firm.
Multiple Choice
Capital budgeting.
Working capital.
Capital structure.
Capital investment.
Financial planning.
In: Finance
imagine you are an administrator at a large clinic or hospital. You have been asked by the CEO of the facility to provide a presentation to an MHA class on the nursing staff at the clinic or hospital. Discuss the various categories of nursing staffs, what they do, and the legal risks and ethical considerations for the health care provider in the different categories.
In: Nursing
Consider board decisions like the mission, scope of services, corporate structure, and annual operating goals. What does the CEO contribute to those discussions? How does the board evaluate the CEO’s contribution? What makes the relationship effective, and what erodes the relationship? Griffith & White Well Managed healthcare
In: Nursing
Mr. Bunky Bunkers, President & CEO of Bunkers, Inc. argues that it does not matter which method (direct or indirect) is used in preparing a statement of cash flows. Afterwards, argues Mr. Bunkers, a statement of cash flows is a statement of cash flows. Do you agree with Mr. Bunkers? Explain in detail.
In: Accounting
Choose one of the influences to the global consumer. Define the influence in your own words. Provide an example of the influence from the Internet, and discuss how the influence played out in that story. Put on your CEO hat - what would you do to try and take that influence into account with your product or service?
In: Economics
b. In April 2015, Larry Fink, CEO of Blackrock, wrote an open letter (listed as assigned reading on the course website) to S&P500 CEOs in the US and to CEOs of some of the largest publicly traded foreign companies. Identify and briefly discuss two key issues raised in this letter. (6 pts)
In: Finance
Should Burberry’s be focused on new brick-and-mortar stores, as new CEO Christopher Bailey did with the opening of Burberry’s largest store, 121 Regent Street in London, or should they focus on more online sales worldwide? Are high-end products (clothing such as Burberry’s) better sold in stores or online, or both?
In: Economics
Select a change scenario (e.g., restructuring, raises, layoffs, new IT system, new CEO, recession, etc.) and describe the elements that might be used to communicate the change effectively using the concepts and practices from the textbook. (You are not limited to your work environment – choose any change scenario you wish.)
In: Operations Management