Risk Management in the Shipping Industry Shipping is a business that is extremely in tune with prevailing market sentiment. Its success depends on a prospering economy‚ due to the increased global trade. It is also partially sheltered from temporary downturns because businesses will switch from more expensive air freight‚ and save costs by using shipping as their means of transporting their goods instead. The industry is also an extremely competitive one‚ as there are only two main considerations
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CANADIAN SHIPPING RATES : CANADA POST LETTERMAIL : This service starts at $2.99 per item. Larger items may not have this option available. This service usually takes 1-14 business days to arrive based on your location. We ship out of Toronto‚ Ontario. This option does not offer tracking. The parcel is insured in case of loss for maximum of $20.00. CANADA POST EXPEDITED : This service varies on province and size of item. Larger items may not have this option available. This service usually takes
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mmCase Study: The Team That Wasn’t Yu Zhang Date: 12.1.2012 Getting Oriented 1.FireArt Inc.: The company‚ a family-owned maker of wine goblets‚ beer steins‚ ashtrays‚ and other glass novelties had succeeded for nearly 80 years as a high-quality‚ high-price producer‚ catering to hundreds of Midwestern clients. It traditionally did big business every football season‚ selling commemorative knickknacks to the fans of teams such as the Fighting Irish‚ the Wolverines‚ and the Golden Gophers. In
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ASSIGNMENT (Stage 1) ACCT 11059 – Using Accounting For Decision Making Prepared By Lingdi Fu (s0210541) Lecturer & Tutor’s Name: Mitch Hsu Due Date: Saturday‚ 4th August 2012‚ 11:00 PM Step1 During carefully and thoughtfully read through the firm’s latest annual report. We can find the company is called GR Engineering Services. It is an Australian Securities Exchange (ASX) listed public company located in 183 Great Eastern Highway‚ Belmont. The principle activities of the company is
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CASE STUDY: “SOLUTION” EURASIA INTERNATIONAL: TOTAL QUALITY MANAGEMENT IN THE SHIPPING INDUSTRY SYNOPSIS: This Case gives an account of how a ship management company was able to set itself apart from competitors and from its clients’ own in-house technical and crew-management capabilities by embracing a culture of continuous improvement and by implementing Total Quality Management systems. The shipping industry was not alone in having regulation imposed upon it‚ but its distinctly international
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a) Discuss how the budgeting process employed by Peters Corporation contributes to the failure to achieve the president’s sales and profit targets. The first problem would be that the president established targets for the total dollar sales and net income before taxes for the next year. Then the president gave the sales target to the marketing department. By starting at the top and working its way down the chain of command causes problems because not all of the departments are involves in
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1.Introduction This case study involves the overview and financial analysis of two major telecommunications companies in the world. The two companies are compared based on their financial performance for the last two years by analyzing their income and balance sheet statements. Financial ratios are also calculated to see which company has better profitability‚ liquidity and solvency. 1.1.Aims and Objectives 1. Carry out research on two major companies in the telecommunications market
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1. Retrieve the SEC’s complaint against ClearOne Communications (link provided on Blackboard with the case). Describe management’s alleged scheme for inflating revenue. Management’s alleged scheme for inflating revenue is that in 2001‚ when the company was not able to meet their sales and revenue goals‚ they would record sales on the books as soon as products left the warehouse. So if ClearOne shipped a lot of products during the last week of the quarter (or swept the floor as they call it)‚ they
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CERTIFICATE IN COMMERCIAL RISKS IN SHIPPING Masters Postgraduate Diploma Diploma Certificate A comprehensive analysis of the many risks threatening the profits of shipping companies Learn how to mitigate risks to protect your bottom line Apply by th 18 January 2013 to SAVE £100 Managing maritime risks and reducing their financial impact on shipping companies SAVE up to 40% and improve performance with cost-effective in-company courses call +44 (0)20 7017
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Case Study 9 Kim Chau California Southern University MKT 86519 Dec 19‚ 2014 N. Papazian Accounting for Enron Introduction In the case of Accounting for Enron‚ the case concerned one of the largest corporate bankruptcies in the US history at the turn of the 21st century. It was Enron Corporation‚ a one time seventh largest most successful US company‚ sixth largest energy company in the world‚ valued at over $70 Billion; they filed for chapter 11 on December 2‚ 2001. Just the year before‚ Enron
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