Burger King Financial Overview 06-08

From the monetary record perspective, we can see that absolute current resources at first diminished and afterward stayed consistent. This diminishing was because of a decrease in real money and money counterparts while at the same time net receivables expanded. This basically discloses to us that Burger King’s momentary liquidity position got ugly. Then again, considering the way that drawn out resources, for example, ‘property, plant and equipment’ and ‘goodwill’ expanded, along these lines all out resources expanded during 06-08.This reveals to us that development occurred during the previously mentioned period. Absolute liabilities diminished forcefully in 07 yet then rose again somewhat in 08. This decline was for the most part because of a decrease in long haul obligation. Nonetheless, development was all the while occurring in light of the fact that absolute liabilities rose again in 08. The pay proclamation for the financial year 06-08 shows a n incredibly solid increment in the overall gain, particularly from 06-07 (increment from $27 million to $148 million). This likewise confirms with our underlying investigation of development occurring in the company.Referring back to the monetary record, as referenced previously, there was a sharp reduction in real money and money reciprocals while on one hand we can see that total compensation has been consistently expanding. What we can measure from these figures is that burger ruler has basically been extending its business by reinvesting money. Complete resources have expanded during this period too mostly because of an expansion in fixed resources. Because of the development in the total compensation, stockholder’s value has additionally been expanding consistently during this period. Held income just as capital overflow have additionally risen impressively during this period.All of these figures point towards a beneficial and developing organization. From the income pr oclamation, figures show that money from working exercises has been sure and rising. Money from contributing exercises, then again, has been negative and we can see that the majority of the money has been utilized in capital consumptions, one more indication of a developing and growing organization. Profit installments have likewise diminished. The offer of stock has additionally diminished over this period and in 08 burger ruler repurchased its stock which is a marker that they were attempting to improve their liquidity position.From the income proclamation, we can see that accounts receivables just as current liabilities have expanded. The increase of current resources subsequently was for the most part because of an ascent in the estimation of the record receivables. Nonetheless, both current liabilities and resources have expanded during 07-08 which has brought about the estimation of the current proportion staying just beneath 1. In this manner, the liquidity position has staye d stable in spite of the fact that not tantamount to it ought to be. Alluding back to the monetary record, we can likewise that drawn out obligation rose during 07-08. This may have basically prompted an expansion in the intrigue cost of that year.From a general perspective, we can see that burger ruler is a productive and developing organization. Each fiscal summary basically implies towards a moderate development strategy. The way that overall gain has been consistently expanding discloses to us that burger lord has been very productive. On the off chance that it keeps on working in a similar way, it will have the option to continue this development, keep its financial specialists cheerful and money future extension in a productive way. Sources: http://account. yippee. com/q? s=BKC William and Haka and Bettner, . Money related and Managerial Accounting. : McGraw-Hill/Irwin, 2003.

Nursing And Diabetes Essay Example for Free

Nursing And Diabetes Essay Patients with diabetes need to comprehend what diabetes is. Patients who comprehend what diabetes is and the entangled procedure related with the ailment are bound to agree to the recommended routine. Diabetes Mellitus is a condition with cluttered digestion and improper hyperglycemia because of either a lack of insulin discharge or to a blend of insulin opposition and deficient insulin emission to redress (Davis, 2001). Diabetes is a constant dynamic infection that requires way of life changes, particularly in the territories of nourishment and physical action. The general objective of clinical and dietary treatment is to help people with diabetes in making self-coordinated conduct changes that will improve their general wellbeing (Franz, 2012). Blood glucose observing and objectives of blood glucose checking Testing blood glucose levels pre-supper and post-feast can assist the patient with diabetes settle on better food decisions, in view of how their bodies are reacting to explicit nourishments. Patients ought to be encouraged explicit bearings for getting a satisfactory blood test and how to manage the numbers that they get. Research has discovered that patients who have had training on the utilization of their meters and how to decipher the information are bound to perform self-blood glucose checking all the time (Franz, 2012). There are a wide range of glucose screens accessible for patients. The patient needs to have a gadget that is simple for them to utilize and advantageous. A patient’s visual sharpness and smoothness aptitudes ought to be surveyed preceding choosing a blood glucose observing gadget. A gadget is generally chosen to meet the patient’s needs in a joint effort with a diabetic instructor at a social insurance office. The patient should be reminded to record the blood glucose esteems on a log sheet with the date and time and any related signs and manifestations that he/she is encountering at the time the example was acquired. This log ought to be imparted to his/her essential consideration professional. A conversation of glycosylated hemoglobin (HbA1c) ought to incorporate the purposes behind doing the test, how it is performed and how the social insurance specialist will decipher the information. These research center tests are requested on a normal premise alongside other lab tests that are being checked for the patient. A basic technique to depict the HbA1c is to tell the patient that the test quantifies the measure of sugar that connects to the protein in the red platelet. The test shows the normal glucose during the most recent three months. The higher the glucose the higher the HbA1c. The high glucose over a significant stretch of time makes harm the huge and little veins in this way expanding the danger of complexities from diabetes. Drugs and Insulin The patient with diabetes should be helped that the expansion to remember prescriptions to help deal with his/her diabetes isn't on the grounds that they are coming up short at diet the board. Numerous patients with diabetes become discouraged or down and out when they need to start taking oral hyperglycemic meds and additionally insulin. The instructing meeting ought to incorporate an audit of the various sorts of oral diabetic specialists. An audit of the various kinds of insulins and how to blend insulins ought to likewise be talked about. Show the patient self-organization of insulin or oral operators as endorsed, and the significance of taking drugs precisely as recommended, in the fitting portion (Davis, 2001). Patients ought to be given a rundown of signs and manifestations of hypoglycemia and hyperglycemia and moves to make in every circumstance. Difficulties from Diabetes The educating in regards to the inconveniences experienced from diabetes should pressure the impact of blood glucose control on long haul wellbeing (McGovern, 2002). The patient ought to be instructed how to deal with their diabetes when he/she has a minor ailment, for example, a cool, influenza or gastrointestinal infection. The patient ought to likewise be instructed how to look for diabetic impacts on the cardiovascular framework, for example, cerebrovascular occurrences/stroke, coronary corridor sickness, and fringe vascular infection. Patients ought to be instructed how to be alert for indications of urinary tract, respiratory tract contaminations and indications of renal illness. Evaluation for indications of diabetic neuropathy ought to likewise be remembered for the instructing plan. Diabetes is the main source of death by infection in the United States, it additionally is a contributing component in about half of myocardial areas of dead tissue and about 75% of strokes just as renal disappointment and fringe vascular sickness. Diabetes is additionally the main source of new visual impairment (McGovern, 2002). Patients with diabetes ought to likewise get instruction on the significance of smoking end, cholesterol and lipid the executives, circulatory strain checking and the board and the executives of other ailment forms. Skin and Foot Care Show the patient to think about his feet by washing them day by day, drying them cautiously especially between the toes, and reviewing for corns, calluses, redness, growing, wounds, rankles, and breaks in the skin. The patient ought to be urged to report any progressions to his/her medicinal services supplier as quickly as time permits. Encourage the patient to wear non-choking shoes and to abstain from strolling shoeless. The patient may use over-the-counter athlete’s foot solutions for fix foot contagious contaminations and ought to be urged to call their human services supplier if the athlete’s foot doesn’t improve (McGovern, 2002). The patient ought to be reminded that he/she needs to treat all wounds, cuts and rankles especially on the legs or feet cautiously. Patients ought to know that foot issues are a typical issue for patients with diabetes. Educating them regarding what to search for is a significant instructing concern. The signs and side effects of foot issues to underline are: feet that are chilly, blue or dark in shading, feet that are warm and red in shading, foot expanding, foot torment while resting or with movement, frail heartbeats in the feet, not feeling torment in spite of the fact that there is a cut or sore on the foot, glossy smooth skin on the feet and lower legs Exercise and Diabetes A moderate weight reduction of ten to twenty pounds has been known to improve hyperglycemia, dyslipidemia, and hypertension. The objective for body weight for patients with diabetes depends on a sensible or sound body weight. â€Å"Reasonable body weight is the weight an individual and social insurance proficient recognize as feasible and viable, both present moment and long haul (Franz, 2012, p.8).† More accentuation is currently positioned on midsection boundary, instead of on genuine weight. A midriff perimeter more noteworthy than 40 creeps in men and more prominent than 35 crawls in ladies shows a hazard for metabolic ailment. This is presently some portion of what is alluded to as metabolic condition. Lessening stomach fat improves insulin affectability just as lipid profiles. The advantages from practice result from normal, long haul, and high-impact work out. Exercise used to build muscle quality is a significant methods for safeguarding and expanding solid quality and continuance and is valuable in assisting with forestalling falls and increment versatility among the old (Franz, 2012). Normal exercise can improve the working of the cardiovascular framework, improve quality and adaptability, improve lipid levels, improve glycemic control, help decline weight, and improve personal satisfaction and confidence. Exercise builds the cell glucose take-up by expanding the quantity of cell receptors. The accompanying focuses ought to be considered in instructing patients with respect to starting an activity program. Exercise program must be individualized and developed gradually. Insulin is all the more quickly ingested when infused into an appendage that is worked out, along these lines can bring about hypoglycemia (Ferri, 1999). Patients should be educated that activity regarding a high power can likewise cause blood glucose levels to be higher after exercise than previously, despite the fact that blood glucose levels are in the ordinary range before starting activity. This hyperglycemia can likewise reach out into the post-practice state and is intervened by the counter-administrative hormones (Franz, 2012, p. 62). The activity program ought to incorporate a five to ten moment warm-up and chill off meeting. The warm-up expands center internal heat level and forestalls muscle injury and the chill off meeting forestalls blood pooling in the furthest points and encourages expulsion of metabolic side-effects. Research considers appear there are comparable cardiorespiratory advantages that happen when movement is done in shorter meetings, (around 10 minutes) aggregated for the duration of the day than in action meetings of delayed meetings (more prominent than 30 minutes) (Franz, 2012). This is a significant factor to stress with patients who don’t think they have the opportunity and vitality for work out. Diet and Diabetes The American Diabetes Association (ADA) has built up wholesome rules for patients with diabetes. Their emphasis is on accomplishing ideal metabolic results identified with glycemia, lipid profiles, and circulatory strain levels. Patients with diabetes need to keep up a solid eating regimen comprising of various servings of organic products, vegetables, entire grains, low-fat dairy items, fish, lean meats, and poultry (Franz, 2012). The trade diet of the ADA incorporates protein, bread, natural product, milk, and low and middle of the road starch vegetables (Ferri, 1999). The food/dinner plan depends on the individual’s craving, favored nourishments, and regular calendar of food admission and exercises, and social inclinations. Assurance of caloric needs changes impressively among people, and depends on present weight and current degree of vitality. Required calories are around 40 kcal/kg or 20 kcal/lb every day for grown-ups with typical movement designs (Davis, 2001). Accentuation ought to likewise be put on keeping up a reliable everyday sugar consumption at dinners and bite

Blog Archive MBA Career Advice Proofread Things!

Blog Archive MBA Career Advice Proofread Things! In this weekly series, our friends at MBA Career Coaches will be dispensing invaluable advice to help you actively manage your career. Topics include building your network, learning from mistakes and setbacks, perfecting your written communication, and mastering even the toughest interviews. For more information or to sign up for a free career consultation, visit  www.mbacareercoaches.com. Proofread! Are we stating the obvious? We think not. We repeat: proofread! In a world where autocorrect and autocomplete do more and more of our thinking for us, any important written communication deserves a second and third look by you. And, any very important written communication deserves a careful look by an outside party. Ask a colleague, ask a friend, ask us to take a second look for you. No, it is not enough to write “Excuse any typosâ€"Sent from my iPhone” at the end of your professional communication. And, might we add that you should not write any job applicationâ€"related correspondence from your phoneâ€"ever. Instead, take the time to sit at your desk and carefully craft your message, ensuring that your professional communication is truly… (wait for it)…professional! A serious typo, malapropism, or search and replace fail could completely discredit your candidacy. Please don’t send a letter to BCG telling them how much you are interested in working for Bain. But even if your recruiter is willing to forgive a much smaller mistake or oversight, when you are a job applicant and you send a “clean” email, letter, resume, proposal, etc., you are conveying a fairly explicit and important message: “I want the job!” But, you are also sending an implicit message about your approach to work: “I am on top of things.” “You can trust me with responsibility.” “I take pride in everything I do.” An autocorrect or autocomplete fail significantly undermines these important messages. So, pay attention to the details and reinforce the fact that you are a mature, serious, and deserving applicant. Share ThisTweet MBA Career Advice

Bless Me Ultima Character Analysis - 1039 Words

In the novel Bless Me, Ultima author, Rudolfo Anaya introduces a character by the name of Antonio Mà ¡rez or â€Å"Tony† as referred to by his friends and family. In the novel Antonio appears to be the embodiment of an entire generation of children that are born to traditional Mexican/Native families but raised in an ever so diverse United States. In a Q A with Rudolfo Anaya at the end of the novel he states, â€Å"my mother was a very religious person, much like Antonio’s mother in the novel. I grew up completely imbued with the Catholic cosmology. Later I discovered there are many religions in the world, many spiritual paths. These paths are part of our inheritance as Nuevos Hispanos. They stretch from Mesoamerica to the Indian Pueblos of the Rà ­o†¦show more content†¦From his birth, Antonio is immediately pulled between cultures, his mother’s brothers state â€Å"We must take with us the blood that comes after the birth. We will bury it in our f ields to renew their fertility and to assure that the baby will follow our ways.† (Anaya 6) While his father’s â€Å"compadres† disagree and say, â€Å"We will burn it and let the winds of the llano scatter the ashes.† (Anaya 6) The two cultures cannot come to agreement because of their differing superstitious beliefs and therefore crate the altering paths that Hispanics are forced to choose between. The road that Antonio will follow will ultimately be the same road that his brothers faced, they too were born into split cultures, they dealt with the altering customs of the English-speaking culture and that of his family. Later in the novel his brothers tell Anthony of the realization that I believe all Hispanics eventually realize when they become older. His brother Gene says â€Å"Were men, Andy, were not boys any longer. We cant be tied down to old dreams. (Anaya 72) Antonio’s brothers had recently returned from the war, it is there that they rea lized the truth of the world and were able to find their identity. A major part of one’s identity involves a system of morals and beliefs which are too influenced though one’s culture and experiences in life. TheShow MoreRelatedCharacter Analysis : Bless Me, Ultima1361 Words   |  6 Pagesourselves. They can expand our thoughts to a multitude of different subjects and force us to be a slave to our dreams, such as facing parental pressure, religious ambivalence and the loss of ones innocence. This is true of Antonio Marez in the novel Bless Me, Ultima by Rudolfo Anaya. Antonio has lost control and begins to succumb to his dreams and loses control of himself. He battles his expectations given to him by his parents and also at the same time has another battle within himself. He is confusedRead MoreBless Me Ultima Character Analysis702 Words   |  3 Pagesunderstand the world through our own perspective. When people do not quite understand, or do not want to, they often misunderstand situations and other people. Humans tend to label e ach other as one thing when they can be something else completely. In Bless Me, Ultima, by Rudolfo Anaya, Narciso is misunderstood as just a town drunk when he really is a hero. Lupito has just killed the town sheriff, and all the men are out for his blood. They are searching the bridge and the bushes looking for him when NarcisoRead MoreBless Me Ultima Character Analysis708 Words   |  3 Pages In Bless Me, Ultima! Written by Rudolfo A. Anaya, the main character Antonio is greatly affected by the deaths of three characters in this novel, Lupito, Narciso, and Florence. Their deaths cause Tony to question sin, death, forgiveness, the nature of God, and spiritual identity. Lupito, a war veteran that suffers from Post-traumatic stress disorder, death triggers the questioning of moral sin and afterlife, will he be forgiven because of his sickness from war? Narciso, one of AntoniosRead MoreBless Me Ultima Chicano Literature1592 Words   |  7 PagesIntroductory Paragraph Bless Me, Ultima is a Chicano novel written by Rudolfo Anaya in 1972, which includes a magical realism plot. Chicano literature is especially significant in this novel because it helps create a cultural identity for the main character and his community. The novel talks about a petite boy named Antonio; throughout the book Antonio makes his best efforts to try and find the path to which he belongs, he wants to find answers about who he is and wants to learn a lot more aboutRead MoreThematic Analysis Of Bless Me, Ultima1580 Words   |  7 Pages Thematic Analysis of Conflicts in, Bless me, Ultima Differences in others aid to the stimulation of ideas and opinions that expresses an individual s personality. In Rudolfo Anaya’s bildungsroman, Bless Me, Ultima, the struggle between two families and their extreme differences cause numerous conflicts that are constantly present throughout his novel. In this chicano inspired novel, Antonio Marà ©z, the six year old protagonist, is perpetually faced with instances of dissimilarity throughoutRead More Bless Me, Ultima: The Cultural Distress Of A Young Society Essay example3164 Words   |  13 Pages Bless Me, Ultima: The Cultural Distress of a Young Society An answer to the discussion question of whether or not there is a defined border culture would need a great number of years in field research, but we can also observe a few of the characteristics of such border culture just by looking at scholastic essays and books related to the topic. Within the research that I did, I found a number of scholars who, while defining the border, mention all the specific or special characteristics of thisRead MoreKill A Mockingbird By Harper Lee1982 Words   |  8 Pageswelcome and love rather than hypocrisy, racism, and judgement. Task #2: Bless Me, Ultima Whether religious or not, death is a subject that haunts almost everyone with the desire for answers. Antonio Marez in the novel Bless Me, Ultima by Rudolfo Anaya proved this as he was forced to witness and experience the deaths of five people he knew very well. Being born with an excellent sense of spirituality brought him and Ultima, a curandera with extreme healing powers, close together. With Ultima’s guidanceRead MoreAtticus, Scout, And Jem Finch2314 Words   |  10 Pagesraised by Atticus, who passes down his values of equality and righteousness to Scout and her brother Jem. Because she is still growing up, the reader sees and follows as scout learns man lessons about dealing with prejudice by observing the other characters in the story. Scout learns that yielding to prejudice often hurt and cause strife to others and by resisting prejudice we often help others. Hatred and prejudice poison the people they infest. Through her journey and bildungsroman, Scout learnsRead MoreAnalysis Of The Movie Holden Talks With Mr. Spencer Essay1569 Words   |  7 PagesAnalysis: This quote is from the part when Holden talks with Mr. Spencer. Since Holden failing all his classes except one, Mr. Spencer is advising Holden about the importance and the impact of his actions in his life. Holden’s perception of adults is depicted when he curses Mr. Spencer in his mind. By nodding silently to Mr. Spencer’s words, Holden actually disrespects adults. We can easily perceive that Holden feels alienated when Mr. Spencer tells him that he is one of those people on â€Å"the otherRead MoreReview Of Yann Martel s Life Of Pi Essay1337 Words   |  6 Pageshurtful. Pi is found, fed, bathed, and taken to a hospital. There, two Japanese men come to question Pi about what caused the Tsimtsum to sink. He tells his story, which they do not believe, so he offers them a more plausible version, with the animal characters replaced by other humans, which casts doubt on t he original story. Throughout the novel, the story is interrupted by the author’s notes on Pi as he is now, telling this story to the author. After recovering in Mexico he went to Canada, where he

Motor vehicles, trailers and semi-trailers in the US Analysis - Free Essay Example

Sample details Pages: 8 Words: 2486 Downloads: 4 Date added: 2017/06/26 Category Transport Essay Type Narrative essay Did you like this example? Motor vehicles, trailers and semi-trailers in the US à ¢Ã¢â€š ¬Ã¢â‚¬Å" Analysis Headlines US motor vehicles, trailers and semi-trailers market value up by 3% in 2013 due to volume and average price increase Industryà ¢Ã¢â€š ¬Ã¢â€ž ¢s production grew by 3% in 2013, thanks to growing sales of new vehicles and efficiency gains of car producers Concentration of suppliers is growing as megasuppliers emerge Growth of the industry is anticipated to accelerate, reaching 4% per annum over the forecast period due to ongoing economic recovery US car producers will face a need to expand production capacity and improve fuel efficiency over the forecast period MArket Trends Motor vehicles, trailers and semi-trailers market value amounted to US$844 billion in 2013, up by 3% on 2012. The market was growing for a fourth consecutive year in 2013 one of the best results since World War II period. This was also a good result in the context of developed economies and Europe in particular where new car sales remained sluggish (car sales in Germany[1] and France[2] were down by 4% and 5% respectively in 2013). Don’t waste time! Our writers will create an original "Motor vehicles, trailers and semi-trailers in the US Analysis" essay for you Create order US market growth was mainly influenced by the need to renew countryà ¢Ã¢â€š ¬Ã¢â€ž ¢s aging car fleet which augmented volume sales, and recovering demand for larger vehicles and luxury perks, which increased average vehicle prices. By the end of 2013 the average age of car in the US reached a record 11.4 years because consumers delayed new car purchases during economic recession. However, growth in income and increasing consumer confidence encouraged Americans to replace old vehicles and bolstered sales of new vehicles. US consumers purchased 15.5 million new passenger cars and light trucks in 2013, up from 14.4 million in 2012. Consumer preferences shifted back to pre-crisis standards when larger vehicles were favoured. Sales of light trucks increased by 11% in 2013 more than twice exceeding the growth rate of passenger car sales. Pickups, SUVà ¢Ã¢â€š ¬Ã¢â€ž ¢s and crossovers were the most dynamic segments in 2013. Lighter metals used in production and hybrid technologies improved fuel efficiency of vehicles, making larger cars more appealing to consumers. Additionally, shale gas made US less susceptible to external energy shocks thus consumers feel safer buying larger vehicles as they expect fuel prices to be less volatile. 2013 was the fourth consecutive year when new heavy truck sales were growing fuelled by strong performance of US road transport industry. New truck sales amounted to nearly 352,000 units in 2013, up by 61% since 2010. Nevertheless heavy truck sales remain well below pre-crisis level when more than 500,000 new trucks were sold annually. This is due to the improved efficiency in transport sector, better routing and fewer empty trucks. In addition, the average distance travelled by trucks in US is declining, thus allowing operating trucks for a longer period. The Detroit Three (Chrysler, Ford and GM) were among leaders in large passenger vehicles. Fordà ¢Ã¢â€š ¬Ã¢â€ž ¢s Escape and Explorer and Chevrolet Equinox were among best-selling models in SUV segment. In light trucks Fordà ¢Ã¢â€š ¬Ã¢â€ž ¢s F-Series was undisputed leader with more than 750,000 sales in 2013, followed by Chevrolet Silverado and Dodge Ram. In overall US new car market General Motors, Ford, Toyota, Chrysler and Honda were the most popular brands in the in 2013. As of 2013 the average price of a new car in the US market stood at nearly US$31,000, up from US$25,500 in 2008. This was not only due to the fact that larger cars were more popular, but also because growing income and consumer confidence led to higher spending on luxury perks, such as high-end stereos, navigations, leather interiors and safety gadgets. Domestic production dominated the US market with 69% of market value in 2013. Imports are fragmented but the largest share comes from the US manufacturing hubs spread across the NATFA territory. Mexico and Canada accounted for a combined 9% of total import value in 2013. production Trends Industryà ¢Ã¢â€š ¬Ã¢â€ž ¢s production amounted to US$538 billion in 2013, up by 3% since 2012. In volume terms US car producers manufactured more than 11.3 million passenger cars and light trucks in 2013, up by 10% since 2012. Production growth was influenced by recovering sales of new vehicles and efficiency gains in the industry, such as automation and component sharing. Increasing automation and use of robots in the production process became the norm in the US car industry. Car producers such as Ford, GM and Volkswagen overhauled their production plants and installed more robots for repetitive tasks. This resulted in improved quality and reduction of legacy costs, such as pension funds and union memberships. US car producers reached maximum capacity utilisation and enjoyed growing profits in 2013. Capacity utilisation of the Detroit Three exceeded 90% while factories of BMW, KIA/Hyundai, Mercedes-Benz, Nissan and Volkswagen exceeded 100% of installed capacity. Car producers enjoy profits when capacity utilisation reaches around 80%, thus operation in full speed resulted in 4% increase in profits in 2013, reaching US$48 billion. This was also a good result in comparison to Europe, where more than half of car plants struggled with overcapacity. Detroit Three managed to catch up their European rivals in terms of component sharing and modularisation. Ford was one of the pioneers and started to implement its à ¢Ã¢â€š ¬Ã…“One Fordà ¢Ã¢â€š ¬Ã‚  strategy in 2008-2010. As of 2013 around 10 different Fordà ¢Ã¢â€š ¬Ã¢â€ž ¢s models were placed on the same platform, sharing around 80% of common parts. Similar strategy was implemented by Chrysler, when a company was acquired by Italian Fiat, and US company use between 50-70% of similar components in its most popular models. California emerged as one of the worldà ¢Ã¢â€š ¬Ã¢â€ž ¢s leaders in electric car technology, thanks to the US government efforts to reduce dependency on oil. California-based Tesla Motors holds strong positions in US and Europe and cooperates with Toyota and Mercedes-Benz in electric car development. GM and Ford also expanded their fleet of electric cars in 2011-2013. Even though production volumes of electric cars are low, well-developed technologies gives US companies a competitive edge against European rivals in the long term. Car manufacturers in US mostly focused on domestic market as exports represented 18% of product output in 2013. The largest export destination at the end of the review period was neighbouring Canada, receiving 13% of all US automotive exports. Large share of Canadian exports consisted of components supplied to Canadian car plants, where some of the Detroit Three car models are being assembled. Competitive Landscape Number of companies operating in the industry grew for a third consecutive year in 2013, with most dynamic category being micro companies. Out of nearly 20,000 companies in the industry in 2013, 78% were micro businesses employing up to 10 workers. Such companies are more flexible and often act as subcontractors for larger suppliers. Small companies provide various components for car engines, chassis and interiors. However small component suppliers in the US are under pressure from Chinese producers which are more competitive due to subsidies for their production.[3] Meanwhile number of large companies declined as US car producers mirrored global trends where so-called megasuppliers emerged. US car producers were contracting fewer suppliers to provide more car components, in an effort to achieve economies of scale and reduce logistics costs. As a result number of large companies with more than 500 employees continued to decline, reaching 204 companies in 2013. Industry also became more consolidated as five largest companies accounted for over a half of all revenue in 2012 (up from 47% in 2010) marking relatively high levels of concentration. One of the major developments in terms of largest companies was Fiatà ¢Ã¢â€š ¬Ã¢â€ž ¢s takeover of Chrysler. Fiat began accumulating stocks of the US company in 2009, in an effort to save Chrysler from bankruptcy, and took full control of Chrysler in 2014. Chrysler was the smallest company of the Detroit Three, although closer cooperation with Fiat, component sharing and improved logistics network is anticipated to increase competition among US car producers. In terms of production volumes, the largest car production plants were Fordà ¢Ã¢â€š ¬Ã¢â€ž ¢s Kansas City Assembly Plant in Claycomo, Missouri (with annual production capacity of more than 460,000 cars in 2012), Fordà ¢Ã¢â€š ¬Ã¢â€ž ¢s Dearborn Truck Plant in Michigan (more than 342,000 cars) and Hyundaià ¢Ã¢â€š ¬Ã¢â€ž ¢s Manufacturing Plant in Montgomery, Alabama (342,000 cars annually in 2012). Nissanà ¢Ã¢â€š ¬Ã¢â€ž ¢s production plant in Smyrna, Tennessee (333,000 cars in 2012) and Toyotaà ¢Ã¢â€š ¬Ã¢â€ž ¢s Georgetown plant in Kentucky (316,000 cars produced in 2012) were also a close rivals.[JL1] Ford Motor Co was a leading company as of 2012. It is a US-based company, which designs, assembles and markets cars, trucks and automobile parts. The most popular brands of the company are Ford and Lincoln. Ford divides its business into four segments of North America, South America, Europe and Asia Pacific Africa. Ford North America was the strongest and most profitable division of the company as of 2013, although company expects that its European division will recover and be in the black in 2014. General Motors Co is a US-based company, which designs, assembles and markets cars, trucks, and automobile parts and provides financial services. The company has global presence with the most popular brands being Buick, Cadillac, Chevrolet, GMC and Opel. GM enjoyed strong performance in North American, Chinese and Russian markets, although companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s divisions in other countries had difficulties. GMà ¢Ã¢â€š ¬Ã¢â€ž ¢s European division Opel reported a loss in 2013 and parent company also axed Chevrolet brand in Europe. GM also announced it will stop Australian production by 2017 due to appreciating Australian dollar.[4] Toyota Motor Corp is a Japanese-based company, which designs, manufactures, assembles and markets cars and parts in North America, Europe and Asia. North America is one of the key markets for the company, generating around one-fifth of companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s revenue[5]. In North America the company operates 15 manufacturing plants, 11 of which are located in the USA. Toyotaà ¢Ã¢â€š ¬Ã¢â€ž ¢s Camry and Corolla are among best-selling models in the US, while its luxury brand Lexus also enjoy strong sales in the US market. Chrysler Group LLC, a part of Fiat SpA, is a US-based company, which designs, assemblies and sells cars and trucks. The company markets the vehicles in North America, South America, Asia Pacific and Europe. In 2014 Fiat completed takeover of Chrysler and now controls 100% stake in the company. Merger is expected to create synergies in component sharing, car design process and logistics, increasing Chryslerà ¢Ã¢â€š ¬Ã¢â€ž ¢s competitiveness in comparison to other Detroit Three producers. [6] American Honda Motor Co is a US-based subsidiary of Honda Motor Co Ltd. The company manufactures and markets motorcycles, cars and power equipment under Honda and Acura brands. North America is the key market for Honda, as around half of companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s revenue from auto sales is generated there[7]. American Honda Motor Co operates four manufacturing facilities in US. All manufacturing plants increased their output in 2013 due to growing demand for Accord, Civic and CR-V models.[8] Besides these companies other car producers, such as BMW, KIA/Hyundai, Mercedes-Benz, Nissan, Volkswagen also held car manufacturing and assembly activities in the US. Most of the car production plants of aforementioned companies were located in the US South, namely in Kentucky, South Carolina and Tennessee. Geographically, the US automotive industry was mainly concentrated in Michigan, Indiana, and Ohio, although an increasing number of jobs were located in other parts of the country, particularly the South. At the end of the review period US auto manufacturing took place primarily along a north-south axis that runs from Michigan south to Alabama, Georgia, Mississippi, and Texas, dubbed Auto Alley by some observers. Its backbone was comprised of the north-south interstate highways, which form a latticework with east-west interstate routes through much of the Midwest and South. Prospects Industryà ¢Ã¢â€š ¬Ã¢â€ž ¢s growth is anticipated to accelerate. It is forecast that motor vehicles, trailers and semi-trailers industry will grow at an annual rate of 4% over the forecast period. This is associated with economic recovery, increasing consumer confidence and continuing replacement of old vehicles. However fuel efficiency and exceeded utilisation of production capacity will be a challenges that US car industry will face over the forecast period. New car sales in US are expected to grow due to economic recovery, increasing consumer confidence and ageing car fleet. It is forecast that US sales of new passenger cars and light trucks will reach 18-20 million units by 2020[9][10]. Large vehicles are anticipated to perform well as consumers are shifting back to their pre-crisis standards. Detroit Three are likely to benefit most, due to traditionally strong presence in the market, improved efficiency of large vehicles and planned overhauls in the pickups and SUVà ¢Ã¢â€š ¬Ã¢â€ž ¢s line-up. US car producers will face an urgent need to increase their production capacity in 2014-2016, as nearly all car plants are operating in full speed. However, there are mixed opinions concerning further expansion of production volumes. European car makers, such as BMW, Mercedes-Benz and Volkswagen feel optimistic and plan new investments in US. Meanwhile Detroit Three so far feel reluctant to invest in new production plants. Chrysler, GM and Ford had serious overcapacity problems during economic downturn and now see automation as a solution to increase capacity than physical expansion of production plants.[11] As a result of new investments from European car makers, US South is expected to strengthen its role as car manufacturing hub over the next five years. For example, BMW announced that it will invest US$1 billion over the next two years in expansion of Spartanburg factory in South Carolina, targeting annual vehicle production of 450,000 units by 2016. BMW sees growing demand for its SUVà ¢Ã¢â€š ¬Ã¢â€ž ¢s in the US market and plans to start production of X7 model in the expanded production plant. Volkswagen is also considering investment in its Tennesseeà ¢Ã¢â€š ¬Ã¢â€ž ¢s plant, in order to build a new SUV in 2016[12]. Due to new fuel economy and emission standards, fuel efficiency is expected to remain a priority over the next five years. New fuel economy and carbon emission standards for 2017-2025 will double fuel economy of cars and reduce oil consumption by two million barrels per day. It is anticipated that US car producers will continue investing to car models featuring hybrid-electric drivetrains, smaller forced-induction engines and more advanced transmissions. New fuel economy standards are likely to stimulate demand for electric vehicles and California has good potential to strengthen its position as one of the worldà ¢Ã¢â€š ¬Ã¢â€ž ¢s leading hubs of electric cars. The state has one of the strictest car emission standards in the US that forces car producers to introduce more efficient electric cars for Californian market. Additionally, the presence of Silicon Valley and good access to capital markets creates preferable conditions for development of electric car technologies in California. [1] https://www.reuters.com/article/2014/01/03/us-germany-cars-idUSBREA020DL20140103 [2] https://www.telegraph.co.uk/finance/newsbysector/transport/10547996/French-car-market-in-2013-should-be-forgotten.html [3] https://americanmanufacturing.org/blog/us-auto-assembly-plants-are-booming-lets-hope-parts-manufacturers-are-good-times [4] https://www.reuters.com/article/2013/12/11/us-australia-gm-idUSBRE9BA03920131211 [5] https://www.toyota-global.com/investors/ir_library/annual/pdf/2013/p27_31.pdf [6] https://www.marketwatch.com/story/what-the-fiatchrysler-merger-means-for-drivers-2014-01-02 [7] https://world.honda.com/investors/library/annual_report/2013/honda2013ar-all-e.pdf [8] ibid [9] https://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Documents/global-automotive-retail-market-study-part1.pdf [10] https://wardsauto.com/sales-amp-marketing/auto-analyst-forecasts-18-million-north-american-lv-sales-2019 [11] https://online.wsj.com/new s/articles/SB10001424052702304549504579318952857858762 [12] https://www.freep.com/article/20140112/BUSINESS03/301120161/Volkswagen-Detroit-auto-show-NAIAS [JL1]Manau sita pastraipa trinti, o duomenis sudeti I lentele, gal dar pridedant kokius modelius gamina; Kartais gali buti idomu klientams kokios gamyklos ka gamina; Pvz Fordo gamykla gamina pikapus kurie turi aliuminio vaziuoklej, tai jei esi aliuminio tiekejas ta gamykla turbut butent domintu

Essay about The Industrial Revolution Heavily Influenced...

The Industrial Revolution Heavily Influenced England by 1914 Industrial Revolution could be argued to be the most fundamental transformation of human life in the history of world.[i] Furthermore, the definition of the industrial revolution is as abstract as what had enabled it to happen. A French economist, Jerome-Adolphe Blanqui, first used the term industrial revolution in 1837, when he claimed that the social and economical change in Britain is parallel to the French revolution of 1789, in the manner of the speed and impact. His view was later criticised by Sir John Clapham, who argued that the process of industrialisation in Britain at the time took a more evolutionary line, and that there†¦show more content†¦Up to 70% of the population was working in industrialised towns, an estimated number of 44% were working in factories, the number of agricultural workers declined by 36% from its figure in 1841 and there was the emergence of the importance of entrepreneurial skills to manage the factories. There was also a shift in politi cal power with the emergence of the Labour Party in 1897 and the declining powers of the aristocrats, including the monarchy. The change in living standards generally improved by the passing of the 1850s factory acts[4]. However, the society might have not been fully industrialised, as the advantages brought by the revolution didnt benefit all tiers of the society, and to an extent didnt alter the lives of many. People brought up in apprentice houses[5] generally didnt see improvement to their lives, despite the introduction of factory acts and endless hours of child labour was not uncommon, despite of the education act of 1870[6]. RecentShow MoreRelatedAn Analysis of the Global Significance of the 2012 London Summer Olympics Opening Ceremony2672 Words   |  11 Pagesactors that influenced it. The ceremony commenced with an ancient land in England, and followed through the Industrial Revolution. The ceremony was told with the use of symbolic references that reminiscent the ‘occult’ history of Great Britain (The Olympics, 2012). The ceremony commenced with a green peasant land that was inspired by Shakespeare’s The Tempest (1610), which was also set on a dreamlike isle. It represented the rural ideal that gave way to the Industrial Revolution. 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Usage of Activity Based Management-Free-Samples for Students

Questions: 1.For any Hong Kong Organisation/Company of your choice, discuss which characteristics make the use of Activity Based techniques particularly useful, and give one detailed example of how ABM couldbe used effectively at this Organisation/Company. 2.Discuss the Issues that might cause an Organisation/Company not to use, or abandon the use of Activity Based techniques. Answers: Hip Chong Toys Manufacturers Ltd. Established in the year 1978, Hip Chong Toys manufactures and deals with price-competitive, high quality toys those are operated by batteries and features the motorcycles, radio controlled vehicles, play sets and train sets. From its establishment the company developed an exceptionally well reputation among the customers all over the world. Over the years, it successfully created the wide range of toys with the great values. These involves Buggy, Big wheels, Snow mobiles, Go-Karts, Racing cars, trucks, pottery sets and construction series. With more than 30 high calibre engineers and 12 production lines under their research and development centre, the company brings the strongest assets in the product development and manufacturers together for optimization of the productivity with minimization of cost (Hipchong.com 2017). 1.Characteristics of the company that makes the activity based technique useful The usefulness for activity based technique is dependent upon the companys characteristics, particularly the environment, product range and the cost structure. Cost structure the activity based technique is particularly useful for Hip Chong Toys as the overheads of the company is a considerable part of the total costs. Further, the allocation of the direct labour costs and material costs is straightforward and the apportionment on the basis of traditional method is misleading for the company (Kali?anin and KneÃ… ¾evi? 2013). Moreover, with the increase in overhead level the accuracy of product cost are expected to be reduced. Further, if the company introduced any new technique that may lead to reduction in the labour cost and overheads significantly or the process of business re-engineering, for instance, investigation is needed to decide whether the existing system of costing provides the reasonable estimates for the costs of services or products and whether the activity based technique can be adopted to analyse the process of allocating the cost (Elhamma and Zhang 2013). Product range and the diversity if any company just produces only one product or small number of product, the decision related to product mix can be taken based on the relevant cost. However, as Hip Chong Toys produces various individual products and various combined products analysis on the basis of relevant cost is not possible. Further, the general purpose activity based approach can be used for analysing the costs of long-run product. However, cost of the product that is reported are not designed to be used for the purpose of making the decisions rather they shall deliver the information regarding attention-directing and focus on the issues that require more detailed evaluation and the attention from the management. With the focus on the issues regarding customer satisfaction Hip Chong produces wide range of toys. Therefore, activity-based technique is used if the company produces different products of low volume and standards products of high volume. In the same way, as the cus tomer base of the company is wide, the ABC techniques can deliver the information related to the analysis of customers profitability. Further, the costs associated with the travelling, after sales services, and the special system of delivery are recognized that assist in indentifying the customers that are making profits or losses (Tanis and zyapici 2012). Environment the increase in the competition Hong Kong retail sector is rapidly increasing as the competitors are also aware of the fact related to the potentiality of companys profit from services or products. Further, as the company is operating under highly competitive environment, it is required to present the cost report more accurately through activity based techniques as the competitors are expected to take the advantages from any errors that nay arise from using of distorted information regarding cost. Usage of activity based management (ABM) The ABM approach delivers 3 steps for the managers to use the approach that will improve the profitability and efficiency of the operations. The steps are follows Step 1 Identifying the activities required for completing the products This step includes interviewing the personnel involved in the organization. The ABM approach requires the recognition of the key activities. However, the ABM allows for the more detailed approach of analysis as the estimation for the costs and the related overhead rates are not needed while using the ABM approach (Kang and Kim 2012). Step 2 determining whether the activities are non-value added or value added Activities that can be added to the performance and quality of the product are known as the value-added activities. On the other hand, the activities that cannot be added to the performance and quality of the product are known as non-value added activities. For instance, the value added activities in Hip Chong includes machines and material for producing the toys and assembling them. On the other hand, the examples for the non-value added activities include storing the toys parts in the warehouse and letting the machineries keep idle (Janiesch, Matzner and Mller 2012). Step 3 Improving the value added activities with minimization of non value added activities on continuous basis Even if the activity is recognized as the value-added, the ABM approach requires improvement on continuous basis for the activities. For instance, the Hip Chongs toys manufacturing process that is a value added activity requires the workers for shifting back and fourth among the motorcycles and racing cards all over the day, each part of which requires different types of tools and different parts for the toys. Perhaps, the effectiveness of the procedures can be improved through assembling the toys in batches that is working one day in the motorcycles and working another day in the racing cars (Kaspina, Khapugina and Zakirov 2014). The activities those falls under the non-value added activities shall be eliminated or minimized. For instance, the storing parts in the warehouse at Hip Chong that falls under the non-value added category of activities can be minimized through adoption of just-in-time approach that needs the suppliers to provide the parts immediately before they are required for the purpose of production. 2.Problems in implementing the activity based technique Despite of various advantages, numbers of reasons are there why any organization may decide not to implement the ABC technique or abandon the use of ABC techniques. These reasons may be as follows Instruction of any kind of new technique will definitely meet with some resistance from the employees who are in the view that any change in the system will create problem and the existing system is most appropriate and adequate. However, such resistance can be minimized if session is undertaken to inform the employees fully regarding the new system, its process and techniques (Weygandt, Kimmel and Kieso 2015). Implementation of ABC is expensive and time consuming procedure. Further, the cost drivers and the activities shall be recognized that will include the observation, data collection, interviews. However, the management may be in the view that the expected advantages will be out weighted by associated costs (Warren, Reeve and Duchac 2013). Even if the overheads consist of a significant portion of the organizational costs and those costs are not traceable and allocable easily to the services and products owing to the identification of cost driver is not easy and majority of those costs are administration costs, the introduction of the ABC technique may not enhance the accuracy of the cost information related to product and therefore will not be accepted by the management (Estampe et al. 2013). Any kind of alteration in the established approaches of doing the activities is not expected to get success unless the alterations have the powerful championship in the organization. Further, the championship of the ABC technique is expected to be the finance director. Therefore, if the finance director does not support the introduction of new system she or he will get replaced by any other director who will support the introduction and implementation, the system is expected to fail (Dong, Liu and Lin 2014). Reports prepared under the ABC techniques include the information like product margin that generally varies from the reports prepared under the traditional method of cost. Chances are there that some of the costs based on activities are irrelevant under certain scenarios for making the decisions, for instance, the ABC technique does not match the accounting standards and therefore shall not be used for the purpose of external reporting (Plank 2017). As the figures under the traditional norm are the benchmarking, interpreting the data under ABC along with the regular information for accounting may be confusing and may lead to the making of bad decisions. Further, the use of software may streamline the procedures for maintaining the ABC systems and then simplify the integration with the regular information related to cost accounting (Van Petten and Luka 2012). Therefore, though the implementation of ABC techniques will assist Hip Chong Toys to attribute the costs in more accurate way to all types of toys and will assist in prepare the budgets, various disadvantages shall be taken into consideration before implementing the ABC technique. However, the management may discuss the matter with the finance directors and the employees of the company to make them understand the benefits that may arrive from implementation of ABC techniques, so that the implementation process can be smooth and successful. References Dong, J., Liu, C. and Lin, Z., 2014. Charging infrastructure planning for promoting battery electric vehicles: An activity-based approach using multiday travel data.Transportation Research Part C: Emerging Technologies,38, pp.44-55. Elhamma, A. and Zhang, Y.I., 2013. The relationship between activity based costing, business strategy and performance in Moroccan enterprises. Accounting and Management Information Systems,12(1), p.22. Estampe, D., Lamouri, S., Paris, J.L. and Brahim-Djelloul, S., 2013. A framework for analysing supply chain performance evaluation models.International Journal of Production Economics,142(2), pp.247-258. Hipchong.com. 2017. Hip Chong Toys MFRS. LTD.. [online] Available at: https://www.hipchong.com/hipchong/pages/about.htm [Accessed 3 Nov. 2017]. Janiesch, C., Matzner, M. and Mller, O., 2012. Beyond process monitoring: a proof-of-concept of event-driven business activity management.Business Process Management Journal,18(4), pp.625-643. Kali?anin, ?. and KneÃ… ¾evi?, V., 2013. Activity-based costing as an information basis for an efficient strategic management process.Economic Annals,58(197), pp.95-119. Kang, S.A. and Kim, Y.S., 2012. Effect of corporate governance on real activity-based earnings management: Evidence from Korea.Journal of Business Economics and Management,13(1), pp.29-52. Kaspina, R.G., Khapugina, L.S. and Zakirov, E.A., 2014. Employment of activity-based costing in the process of company business model generation.Life Science Journal,11(8), pp.356-359. Plank, P., 2017. Introduction. InPrice and Product-Mix Decisions Under Different Cost Systems(pp. 1-5). Springer Gabler, Wiesbaden. Tanis, V.N. and zyapici, H., 2012. The measurement and management of unused capacity in a time driven activity based costing system.Journal of Applied Management Accounting Research,10(2), p.43. Van Petten, C. and Luka, B.J., 2012. Prediction during language comprehension: Benefits, costs, and ERP components.International Journal of Psychophysiology,83(2), pp.176-190. Warren, C.S., Reeve, J.M. and Duchac, J., 2013.Financial managerial accounting. Cengage Learning. Weygandt, J.J., Kimmel, P.D. and Kieso, D.E., 2015.Financial Managerial Accounting. John Wiley Sons.