Accounting

|b. |attempts to satisfy the costing objectives of both financial accounting and management accounting. |

Haier is not only a brand of greatest value in China, but also the forth manufacturer who produce white household electric appliances around the world.

Haiser entered into overseas markets as a contract manufacturer for multinational brands in early 1990s. First exported products to UK, then Germany, France and Italy. It also establisted joint ventures to explore the foreign markets; i.e. established a JV with Mitsubishi to set up China’s largest AC (“air conditioners”) production plant in 1994, in 1995 set up a JV with a local firm in India to produce refrigerators and ACs, in 1997 establised a JV with a Yugoslav company in Belgrade to produce ACs.

The company changed its brand name and identity from ‘Orient Electricals’ to ‘Orient Electric’ and consolidated its business verticals of Fans, Lighting and Home Appliances. The brand revamp was done with an aim to establish the company’s identity as a one-stop home solutions provider with the next generation customers who make informed buying decisions. As part of the brand repositioning plan, the company also launched a new unified communications campaign ‘Switch to smart’ that connects effortlessly with the new generation of users who seek innovative and convenient lifestyle solutions.

California Surf Clothing Company issues 1,300 shares of $7 par value common stock at $22 per share. Later in the year, the company decides to repurchase 130 shares at a cost of $35 per share.

The most dominant problem addressed in the case that Haier is facing is that it lacks of brand popularity in the global market, comparing to its direct competitors such as Whirlpool, GE appliances, and Electrolux. Even though Haier made its effort to amplify its brand image and popularity globally by making a bid to acquire Maytag Corporation yet did not succeed, it is still difficult for Haier to enter the high-end segment of the US white goods market. According to statistics from Euromonitor, Haier’s 2013 market shares in consumer appliances segment in the North American and Western European markets were 0.9% and 0.5% respectively, which are significantly lower than Whirlpool’s, one of Haier’s major competitors in the U.S. and Europe,

Xilinx, Inc. designs, develops, and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as intellectual property cores, customer training, field engineering and technical support. Customers are electronic equipment manufacturers primarily in the telecommunications, networking, computing, industrial, and consumer markets. Products are sold globally through a direct sales management organization and through franchised domestic and foreign distributors. (Source: Company 2007 Form 10-K)

In the United States the home appliance industry is a mature market with high penetration, therefore, replacement product is significantly important to the industry. The United States has three major manufacturers for domestic production: Whirlpool, General Electric, and Electrolux. The appliance industry is changing rapidly and becoming more competitive with the influence of Asian competitors, specifically, LG Electronics and Samsung Electronics, who are major appliance importers. Subsequently, in January 2016, a Chinese manufacturer, Haier, bid for the purchase of General Electric Appliances, finalizing the contract on June 6, 2016 (Thompson, 2016).

Sampson Products Corporation was a major manufacturer of electrical equipment used extensively by consumer goods manufacturers. The company sold most of its products to manufacturers of refrigerators, automatic washers, and electric stoves to be installed as original equipment that usually retained the Sampson brand name. In addition to the original equipment market, Sampson had obtained a significant portion of the replacement market for the products it manufactured. Sales of Sampson replacement parts were normally made through channels such as small hardware stores and other home repair retail outlets. Another substantial part of Sampson’s revenue was derived from manufacturing electrical equipment for large electrical

Nicholson’s European distribution system could also be very helpful in expanding Cooper’s sales in Europe. As Cooper Industries sells more of their product to industry and Nicholson to the consumer market by combining the companies they may be able to increase sales of both product lines to the market segment they are weaker in.

“Orientation” is a short story that shows the complex nature of working for an office and the way it causes people to feel stressed or overwhelmed when being around this nature for extended periods of time. David Orozco discusses the “Orientation” of a new employee in humor-based way that also shows why it can be mind-twisting to work in an everyday routine in an office building. This story developed both a sense of humor while also trying to add it in an everyday situation. When reading this short story, it starts to develop the sense of concern as well as the sense of the vibe of this office building compared to others.

| Reinvested in the company or paid out to shareholders as dividends based on their share.

Table of Contents ................................................................................................................................................ 1 Assignment Background .................................................................................................................................. 2 Bigg-Glowbell Overview ...................................................................................................................................... 3 The Company History ...................................................................................................................................... 3

Haier is a Chinese electronical appliances producer and it decided to take a 20 per cent stake in Fisher & Paykel Appliances Company (F&P) which is a New Zealand company. According to their agreement, besides the stake, Haier will also take two seats on F&P’s board and also they will cooperate in various business functions, including product development, sourcing, manufacturing and marketing. This action brought win-win situation to both companies. For Haier, unlike its domestic acquisition strategy, this alliance strategy enabled access to well established

Begun in 1919, the organization initially sold Lux vacuum cleaners, and later included coolers, clothes washers, dishwashers and an assortment of different machines to its product offering. In 2011, Electrolux was named one of the World's Most Moral Organizations by the Ethisphere Foundation, which chose only 110 commendable organizations crosswise over 38 businesses. (10 WORLD-SHAPING SWEDISH COMPANIES, 2017). The best brand that cross Europe and became much more popular and the prices in middle level to high level H&M. Bringing Sweden's quintessential moderate yet chic style of design to the world is Hennes and Mauritz (H&M). Begun in 1947 as a ladies' attire store called Hennes in Västerås, author Erling Persson later purchased chasing and angling hardware store Mauritz Widforss, authoritatively changed its name to Hennes and Mauritz, and included men's and youngsters' apparel in 1968. (10 WORLD-SHAPING SWEDISH COMPANIES, 2017). From that point forward, H&M has extended to more than 2,500 stores the world over offering in vogue garments and extras at moderate costs. Alongside an eco-accommodating garments line, H&M guarantees that its 700 or so providers are reviewed to meet its implicit rules as far as tyke work and working environment security issues in addition to other things. (10 WORLD-SHAPING SWEDISH COMPANIES, 2017). FDI investment in Sweden is IKEA it is a home furniture over 40 countries and more than 330 stores all over the world. (10