Ethics of Profit‚ Part 3: The Profit Motive Posted March 29‚ 2011 Filed under: character‚ competition‚ corporations‚ decision-making‚ ethics‚ finance‚profits‚ white collar crime | This is the third in a 3-part series on the ethics of profit. (See also Part 1 and Part 2.) As mentioned in previous postings‚ we should distinguish between our ethical evaluation of profit per se (which‚ after all‚ just means financial “gain”)‚ and our ethical evaluation of the profit motive. After all‚ I don’t worry
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this is a risky and challenging target to sustain. Genzyme decided to walk alone because they thought collaboration would distract them from their strategic direction and eventually make them dependent. Moreover they also wanted to enjoy the whole profit earned by the orphan drug and spent as self sufficient as they could specially during their start-up phase. Initially‚ when Genzyme had few projects to handle this policy worked well but as the company is growing quickly and has lots of upcoming projects
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Case Study on Amazon.com Amazon….The world’s largest online retailer. An American multinational electronic commerce company that makes millions of dollars in profit in a year. A company that has separate retail websites in the U.S ‚ Canada ‚ Europe. Very well known brand in the world. The case study that is made for Amazon.com shows that in 2002 almost half of the revenues for that brand were from selling books‚ music and DVD’s or videos on Amazon. Here it is suggested that Amazon should concentrate
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Good to Great by Jim Collins Report As the name implies‚ the author of the title “Good to Great‚” embarked in a research study to try to discover what made some companies outstanding‚ persistent‚ and sustainable from their competitors. The author makes a clear distinction that the publication of the title is not meant to fill in the holes left behind on one of his previous titles‚ “Built to Last.” In fact‚ towards the ending of the research novel‚ the author states that if someone is going to
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Year 10 Revision guide A292 Business and People 1. Explain two reasons why businesses exist - use relevant examples to illustrate your answer. Businesses exist because without them many people would be unemployed because businesses supply many people with jobs‚ this is crucial because it gives money to the workers and enables the workers to pay for there family’s. Businesses exist because create products that are needed in daily life for example “Dell” creates laptops and desktops
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rate of gross profit is same in each case. Prepare Departmental trading account. 10. From the following particulars prepare a branch account showing the profit or loss at the branch. Opening Stock at the branch 15‚000 Goods sent to the branch 45‚000 Sales 60‚000 Salaries 5‚000 Other expenses 2‚000 Closing stock could not be ascertained but it is known that the branch usually sells at cost plus 20%. The Branch manager is entitled to a commission of 5% on the profit of the Branch
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1. Identify all the accounting policy changes and accounting estimates that Harnischfeger made during 1984. Estimate‚ as accurate as possible‚ the effect of these on the company’s 1984 reported profits. Changes that affect the Harnischfeger Revenues: • The company started to account Kobe Steel sales in US‚ previously it only added the gross margin in the financial statement. (this sales represented $28 million) • Sales to a foreign subsidiary started to be consolidated as a net revenues (this
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Shui Fabrics Case I. Statement of the Problem The company wants to improve or increase the annual return on investment. 10 years ago‚ the company ventured to China to lower labors costs of Rocky River Industries. It suffered money losing from the day it started its operations and interference from the Chinese government. Currently the annual return on investment of the company has been 5% for the past 3 years
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the economics of their CRUs business radically reducing profits. As average rental weeks decreased (see Exhibit A)‚ the incremental inventory required to support CRUs stocking policy increased inventory by roughly 18% over last year’s values. It also accelerated the rate of receipts and the onerous costs associated with processing damaged returns. Ultimately these costs drove CRUs profits into negative territory forecasted to produce a net profit of -4.6% over a 52 week period. Rather than focus
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Pilgrim Bank Case September 26‚ 2013 How much do profits vary across customers? Provide statistical support for your answer. Out of a sample of 31‚634 Pilgrim Bank customers‚ from a population of 5 million total‚ and zero missing values‚ profits vary widely. The average customer profitability is $111.50. The minimum value of this data set is -$221 and the maximum is $2071. This describes that there is a very wide range. The median customer profitability is $9 and the standard deviation is $272.84
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