What are the advantages and disadvantages of duty suspension versus duty drawback taking into account the administrative burden and financing aspects
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What are the advantages and disadvantages of duty suspension versus duty drawback taking into account the administrative burden and financing aspects of these two schemes?
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Name the advantages/disadvantages of duty suspension versus duty drawback. Consider the administrative burden and financing aspects of these two schemes.What is marginal revenue (MR)?
- Tutoring Service Moss Academy offers academic hlp for emelmetary, middle and high school children, The business provides supplies needed as apart of the tutoring service monthly fee: Describe how you plan to structure extension of credit to your customers to ensure the most protection for your company in the event the customer falls behind on payments or files for bankruptcy. Assume that your business will offer some type of credit arrangements even if you do not have plans to offer the credit option. What type(s) of insurance policies will you need for your business? Identify a company located in your state that can supply at least one of the insurance policies you will need.Which of the following would most likely be required to sign a completion bond? bookkeeper general contractor shareholder partnerapproaches to constructing revenue models
- Which product represent cash caw, question mark, dog and star in mtn productsWhat is the main goal of the revenue stream?Saed Mahmoud is the CEO of a newly established financial consulting firm in Birzeit. The firm is managed by Saed Mahmoud and it has 7 employees. Saed Mahmoud has recently heard about COSO ERM, and he is willing to establish an ERM system for his firm. Saed Mahmoud asks for your assistance with regards the ERM framework and how is looking for a detailed guidance on how the ERM system can be developed. Required: prepare report about how the ERM should be developed to assist the firm in risk management
- What is the distinction between simulated and anticipated average demand:Hau Lee Furniture, Inc spends 55% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment Hau would ike to improve the profit line to $20,000 so he can obtain the bank's approval for the loan Current Situation Sales $100,000 $55,000 (55%) $15,000 (15%) Cost of material Production costs Fixed cost $15,000 (15%) Profit $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,0007 What is the cost of material with a $20,000 profit? A decrease of% in matenial (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of S (Enter your response for the percentage decrease to one decimal place and enter your resporise for the new matenal cost as a whole number.)As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s cash-to-cash conversion cycle under the following assumptions: sales of $26.4 million, cost of goods sold of $21.1 million, 50 operating weeks a year, total average on hand inventory of $2,350,000, accounts receivable equal to $2,435,000, and accounts payable of $3,695,000. What is the cash-to-cash conversion cycle in weeks? Do not round intermediate calculations. Round your answer to one decimal place. week(s) What recommendations can you make to improve performance? inventory weeks of supply and accounts receivable weeks of supply or accounts payable weeks of supply are ways to improve overall firm performance.