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- What are piece rates? Describe how adopting piece rates may hurt the profitability of a firm...You have just been appointed as the Finance Director for South East Asia of a large multinational bank (the Bank of Northeastern States), based in the United States and headquartered in Boston, Massachusetts. You have been posted to a recent acquisition of a Stock Market listed manufacturing plant, Peninsula Transport located in a small township some 40 kilometres outside the capital city of Indonesia. Your instructions are to asset strip the acquired company then close it down within one year. Two weeks into your appointment and having just arrived in Jakarta you are given a company provided apartment and have spent several days unpacking and settling in with your family. Today is your first day at work and Mr Mohamed, the incumbent CEO a man who has inherited the company from his father informs you that he knows exactly why you are in Indonesia and begs you not to close his company. As the day progresses, you begin to realise that before the $ 100 million acquisition, the factory had…Imagine that you are a manager in a commercial printing company, and you have founda good deal on the ink that your company uses most frequently from a supplier inJapan.• Using the materials from this week’s reading as well as the supplementalresources, consider what shipping terms you should insist be in the contract inorder to limit the risk of loss for your company.• Using the attached Memo template, draft an interoffice memo to the owner of thecompany describing at least three shipping terms you would want to be includedin the contract.
- Ali is the manager of a well reputed organization. He is assigned to auction some assets of the firm. Instead of organizing an auction Ali compiles a list of items and puts an advertisement on the paper stating that anyone who is willing to purchase the said articles for Rs. 1 Lac can contact him directly by 15th April 2021 through email only. Ahmed saw the advertisement and emailed Ali on 12th April asking for pictures of the items or if it was possible for him to view the items. Ali provided the pictures. Ahmed then emailed Ali that he is willing to purchase the said articles for Rs. 90 thousand and wrote that if Ali did not reply he will assume that Ali has accepted the offer. On 14th April at 3 pm, Saad emailed Ali and said the following, “I will purchase the listed articles.” On 14th April at 4:30 pm, Khan called Ali and brokered a deal to purchase the articles. Answer the following questions Advise Saad if he can purse Ali to obtain the articlesAli is the manager of a well reputed organization. He is assigned to auction some assets of the firm. Instead of organizing an auction Ali compiles a list of items and puts an advertisement on the paper stating that anyone who is willing to purchase the said articles for Rs. 1 Lac can contact him directly by 15th April 2021 through email only. Ahmed saw the advertisement and emailed Ali on 12th April asking for pictures of the items or if it was possible for him to view the items. Ali provided the pictures. Ahmed then emailed Ali that he is willing to purchase the said articles for Rs. 90 thousand and wrote that if Ali did not reply he will assume that Ali has accepted the offer. On 14th April at 3 pm, Saad emailed Ali and said the following, “I will purchase the listed articles.” On 14th April at 4:30 pm, Khan called Ali and brokered a deal to purchase the articles. Answer the following questions. Differentiate between an offer and invitation to treat. In para 2. When Ahmed asks…A short-term promissory note issued by largecorporations is known asa. debenture agreement.b. equity agreement.c. commercial paper.d. draft agreement.e. loan commitment.
- Did the company have the correct quantity of goods and services Pay for them?1. Develop/design an Enterprise Risk Management programme for a local company. 2. Make a recommendation to senior management on how to improve their current Enterprise Risk Management programme 3. Develop an Enterprise Risk Management programme for a Bank. Assume that the identified Bank does not have a well-designed ERM programme.In your own words describe the five (5) conditions required for exchange with the use of an example.(5)
- _______ A method of financing that is a legally binding and enforceable and often issued to suppliers.Let’s assume you are working in a (Small-Medium Enterprise) SME in Istanbul and your company would like to supply from Nigeria again from another SME. There is no prior transaction between these two companies. The transaction amount is around 100K USD. What kind of payment method would you choose and why? What are the risks and advantages of the method you choose? (Explain in min. 3-4 sentences.)Please describe how outsourcing can be used for risk transference. Chapter 7, Review question 11 of cenage Management of Infomation security.