Ocean Manufacturing Inc

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    Ocean Manufactoring

    Ocean Manufacturing, Inc. 1. The auditor is to do the following: a. Communicate with the previous auditor to discuss the details of how the previous audits went and inquire about management integrity. b. Take any steps necessary to obtain an understanding of the client and its industry and determine if the auditor is capable of performing the audit properly. c. Ensure that the auditor is independent of the client. d. Evaluate the integrity of the client’s management

    Words: 412 - Pages: 2

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    Manufacturing

    Manufacturing: A brief global look by ??? April 9, 2011 Manufacturing is a key component of any country’s economy and many comparisons have been made between the United States (U.S.) and other countries. Since World War II the U.S. has been the leader of the manufacturing sector due mainly to the fact that the U.S. industrial plants were not devastated by the destruction of war as where most of Europe and Asia. This paper is a team effort and will give a brief look at the state of manufacturing

    Words: 4474 - Pages: 18

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    Ocean Manufacturing

    Case 1.1 Ocean Manufacturing, Inc.: The New Client Acceptance Decision Ocean Manufacturing, Inc. is recommended as a prospective audit client of Barnes and Fischer, LLP. I believe that Barnes and Fischer should accept the client because of Barnes and Fisher's opportunities in consulting and information technology (IT) development, Ocean Manufacturing, Inc.'s sound management/business model and past successful audits, and primarily, the growth potential of Ocean Manufacturing, Inc. following

    Words: 265 - Pages: 2

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    Oceans

    Oceans Name of student Name of institution Oceans About seventy-one percent of the planet is covered with water bodies most of which consists of the five major oceans namely: the Pacific, the Atlantic, the Indian, the Arctic and the Antarctic. The word “sea” is sometimes wrongly for “ocean”, but “sea” represents the saline water body surrounded by land. In terms of hydrosphere, the oceans cover

    Words: 921 - Pages: 4

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    The Ocean

    The Ocean The ocean makes up around 70% of the Earth’s surface. It is divided into several separate oceans which interconnect bodies of salt water. The major oceans are the Pacific, Atlantic, Indian, Southern, and Artic Ocean. The ocean has many functions. It keeps the Earth’s temperature moderate by absorbing solar radiation. It is then stored as heat energy which is distributed around the globe by the ocean currents. This keeps the land and air warm during the winter and cools it down during

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    Ocean

    Oceans are large bodies of saltwater. Life on this wonderful planet earth began in these huge bodies of water. Oceans are unique in this galaxy. No other planet on the Solar System has water on its surface. Oceans cover approximately 71 percent of our planet's surface and hold around 97 percent of the planet's water. There are five oceans and many seas on the planet. The five oceans are: the Pacific Ocean, the Atlantic Ocean, the Indian Ocean, the Southern Ocean and the Arctic Ocean. The Pacific

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    Ocean

    profit from target price 6.Compare with the predicted actual cost. 7. If predicted cost>target cost then efforts are made to close the gap.  45. What is required? Team approach Team members include: 1.designers 2. engineers 3. Purchasing 4. manufacturing 5. marketing 6. management accounting personnel The discipline of a team approach ensures that no particular group is able to impose functional preferences. Aim During product design process is that elimination of product functions that add costs

    Words: 5242 - Pages: 21

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    Ocean Carrier

    Analysis In order to make a recommendation to Mary Linn as to whether Ocean Carriers, Inc. should purchase a new ship we must first look at the net present value of the ship. In order to do this our team used the provided expected daily hire rates to calculate revenue which we expect to be for the lifetime of this vessel. The expected daily hire rate is the most accurate measure to determine future cash flows for the company. By using the annual operating days over the life of the new vessel we

    Words: 489 - Pages: 2

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    Ocean Manufacturing Case Solutions

    Acct 4080 Ocean Manufacturing Case 1. 1) Obtain and review financial information about the prospective client: annual reports, interim statements, registrations statements, Form 10-k’s, and reports to regulatory agencies. 2) Detailed criminal background checks of senior managers. 3) Evaluate the public accounting firm’s independence with regard to prospective clients. 4) Inquire of the prospective clients’ bankers, legal counsel, underwriters, analysts, or other persons who do business with

    Words: 493 - Pages: 2

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    Toyota Motor Manufacturing, Usa, Inc.

    Diabetes Mellitus among African Americans Final Research Paper Peggy Hollie Epidemiology Disease Dr. Peters May 9, 2012 Diabetes Mellitus is characterized by abnormal metabolism of carbohydrate, protein, and fat, resulting in increased levels of blood sugar. The adjective mellitus (for sweet) is used with diabetes insipidus (tasteless), which is so rare that the word diabetes by itself generally refers to diabetes mellitus. The only thing

    Words: 2518 - Pages: 11

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    Ocean

    1.5 million tons of plastic waste per year (Baskind). Assume that every empty bottle makes its way to a garbage can. Plastic waste is now at such a high volume that vast eddies of current-bound plastic trash now spin endlessly in the world's major oceans (Baskind). This issue holds a great risk to marine life endangering animals such as birds and fish, that accidentally mistake our garbage for food. Nearly 90% of plastic water bottles are not recycled, instead take thousands of years to decompose

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    Ocean

    tides. Tides are the daily or twice daily rise and fall of the oceans. Tides are caused by the gravitational pull of the moon and sun on the ocean. The rise and fall of tides causes water to move in and out of estuaries, bays and harbors. This movement is called a tidal current. When the tide is rising, water flows from the ocean into the bay creating a flood current. When the tide falls, water flows from the bay back into the ocean creating an ebb current. The highest tides, called spring tides

    Words: 275 - Pages: 2

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    Manufacturing

    MANUFACTURING Manufacturing is the production of merchandise for use or sale using labor and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles

    Words: 1924 - Pages: 8

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    Ocean Carriers

    Ocean Carriers Inc. was approached in January of 2001 with a contract proposal for the leasing of one of their ships for a term of 3 years beginning in 2003. Ocean Carriers currently has no ship to accommodate the customer. To commission the construction of a new vessel would take 2 years from start to completion. The average rate in the spot market is $22,000 per day. Ocean Carriers deployed a younger fleet than average carriers and generally earned a 15% premium over the average daily rate

    Words: 2550 - Pages: 11

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    Riordan Manufacturing Inc.

    Riordan Manufacturing, Inc. (Riordan) is an innovative and evolving company that seeks to continue its impressive growth sense the inception of the company. As Riordan continues to grow and adapt to an ever changing economic environment, it must be careful not to be a victim of its own success. Having established plants in various states, and even one in China, Riordan must be aware of the legal ramifications of its decisions. Neglecting to understand the legal process of its actions has the potential

    Words: 2936 - Pages: 12

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    Riordan Manufacturing

    ervice Request SR-rm-022, Part 1 BSA/375 Service Request SR-rm-022, Part 1 Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. All though Riordan Manufacturing Industries is a Fortune 1000 enterprise and a global manufacturer of plastic they currently do not have an integrated system that brings all the sites together as one.Currently, there are three sites that they manufacture from in Hangzhou China, Pontiac, Michigan

    Words: 799 - Pages: 4

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    Ocean Manufacturing

    1. Introduction Ocean Manufacturing Inc. is a home appliances manufacturer with a favorable market position looking to be listed at NASDAQ within the next few years. Apart from requesting an audit, B&F is asked to provide assistance with regard to the upcoming IPO and Ocean’s newly installed IT system. This paper is structured in two different memos. The first one elaborates on the evaluation of Ocean from five critical standpoints and concludes with an opinion on whether to accept the engagement

    Words: 2385 - Pages: 10

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    Electroparts Manufacturing, Inc.

    MGT 11 – PRINCIPLES OF MANAGEMENT AND ORGANIZATION Second Semester, AY 2013 – 2014 Name: Marly Sison Shiela Marjorie Soriano Jomar Ortiz Kasey Ong Block No. 14 Group 4 – Case 9.4: Electroparts Manufacturing, Inc. (B) Problem: Given the substantial adjustment in wages that the company’s rank and file employees would be receiving as a result of the new law, Mr. Sanchez was wrestling with the problem of what adjustment in the compensation of his

    Words: 318 - Pages: 2

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    Blue Ocean Strategy

    TLFeBOOK Blue Ocean Strategy Blue Ocean Strategy How to Create Uncontested Market Space and Make the Competition Irrelevant H A R VA R D B U S I N E S S S C H O O L P R E S S BOSTON, MASSACHUSETTS ( ) ( ) ( ) ( ) ( W. Chan Kim Renée Mauborgne Copyright 2005 Harvard Business School Publishing Corporation All rights reserved Printed in the United States of America 09 08 07 06 05 5 4 3 2 1 No part of this publication may be reproduced, stored in or introduced into a retrieval

    Words: 72695 - Pages: 291

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    Alden Products, Inc. – European Manufacturing

    within the continent which would have eliminated the tariffs and discriminatory practices among member countries. Thus, consolidating continental production into a single facility was advantageous. Moreover the risk associated with centralized manufacturing such as supply problems resulting from a plant shutdown or transportation/customs restrictions would reduce to a great extent because of the backup provided by the Buxbridge plant. There were additional benefits of making a consolidated production

    Words: 1105 - Pages: 5

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    Morgan Manufacturing

    Charles Crutchfield, manager of manufacturing operations at Morgan Manufacturing, was concerned with the health of the operating aspects of the business. And Westwood, Inc. was Morgan Manufacturing’s major competitor. According to the financial statements, Edward Drewery, controller of Morgan Manufacturing, stated the reason why their operations were less efficient than Westwood’s might be their different method to account for inventory. Over 2006, Morgan Manufacturing implemented significant productivity

    Words: 664 - Pages: 3

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    Manufacturing

    ME 303 MANUFACTURING ENGINEERING PROBLEM SETS Prepared by: Kamil Özden Ural Uluer Salih Alan Mehmet Bilal Atar PROBLEM SET FOR CHAPTER 2 Q2.1 A copper bar is to be cold rolled into a section which must have a min. tensile strength of 390 MPa. If the final cross-sectional area is 20.13 mm2 and assuming the flow properties of the workpiece material are given as K = 450 MPa, n = 0.33. Calculate the followings: a) The tensile strength of the annealed material. b) The initial diameter of the

    Words: 6030 - Pages: 25

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    Oceans

    case of Ocean Carriers, protagonist Mary Linn must decide upon the best alternative regarding the building of a capesize carrier that a client has requested. Her choices in the matter include: 1) Building the ship and salvaging it after 15 years for a $5 million profit 2) Building the ship and keeping it in operation for its full 25 year operating life 3) Denying the request and not building the ship at all. Through my research I’ve found that the best decision for Mary Linn and Ocean Carriers

    Words: 1065 - Pages: 5

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    Manufacturing

    Vol. 3, No. 5 Modern Applied Science A Study of an Evaluation Model on Manufacturing Execution System in Paper-making Enterprises Zhihong Xu Key Lab for Paper Science and Technology of Ministry of Education Shandong Institute of Light Industry Shandong 250353, China E-mail: xzh1385@163.com Feng Huang The State Key Laboratory for Microbial Technology Shandong University, Shandong 250100, China Jiachuan Chen & Guihua Yang Key Lab for Paper Science and Technology of Ministry of Education Shandong

    Words: 3133 - Pages: 13

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    Applying Virtue Ethics to Mattel Inc. Global Manufacturing Principles

    Abstract In this paper I will analyze the case study of Mattel Inc. and their Global Manufacturing Principles (GMP) and applying it to three different virtue ethics; fairness, honesty and justice. Then I will apply deontology, “always act in such a way that you can also will that the maxim of your action should become a universal law.   Public concerns about worker exploitation and environmental degradation arose with the expansion of outsourcing and production in emerging economies

    Words: 1463 - Pages: 6

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    Case 1.1: Ocean Manufacturing, Inc.

    Case 1.1: Ocean Manufacturing, Inc. 1. Identify five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards? (check slides) - Obtain and review available financial information - Inquire of third parties about integrity of prospective client and its management - Consider circumstances that require special attention, unusual business or audit risks - Consider the technical competency of potential audit staff and

    Words: 1881 - Pages: 8

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    Ocean Carriers

    Ocean Carriers: Case Study MBA 540 Fall 204 Janelle Roche King Quaidoo Suzanne Ekstrom Net Present Value: 15 Year Evaluation if the United States with a 35% Taxation Net present value is used in order to determine the present value of an investment by the discounted sum of all cash flows received from a project. In this case this would be the calculation of the single project capital budgeting for Ocean Carriers Inc. and a purchase of 15 year operation vessel. This 15 year time span would begin

    Words: 1110 - Pages: 5

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    Blue Ocean Strategy

    Blue Ocean Strategy Ashleigh Philbrick MKT 421 February 18th, 2015 Professor Edward Mendicino Blue Ocean Strategy The blue ocean strategy in marketing is a unique approach to building a customer base. Rather than try to compete in a crowded marketplace with existing companies, a blue ocean strategy looks to build an entirely new market segment that has no other existing firms. With the rapid growth of technology and globalization, the importance of a blue ocean strategy has grown in recent years

    Words: 961 - Pages: 4

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    Ocean Manufacturing Case 1.1

    to be a part of an IPO. Ocean has a favorable market position and good growth potential. The client has some issues with the accounting system, some questionable activity in regards to high auditor turnover, and high management turnover but no client is perfect. The accounting firm will have to take all these things into consideration and ensure the risk the client poses will be acceptable in regards to the risk the firm currently has with clients retained. Ocean has some areas of opportunity

    Words: 1179 - Pages: 5

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    Blue Ocean

    Blue Ocean Strategy Jaime Quintero MKT/421 March 23, 2015 Salomon Chavira Blue Ocean Strategy While businesses are continuously looking for techniques in which they can better cope with their rivals, one theory recommends they would be better off studying methods in which they are contending against no one but themselves. This is known as the blue ocean strategy. Blue Ocean Blue Ocean Strategy is a recently established marketing concept obtained from the devises of W. Chan Kim and Renée

    Words: 846 - Pages: 4

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    Ocean

    9AM on final due date. Late assignments may be penalized or not accepted. Assignments posted EARLY(well before final due date) will be graded and you will have an opportunity to make corrections and resubmit for full credit. 1. Jimmy Stephens, Inc. has fixed costs of $10,000 this period. Direct labor is $1.50 per unit and material is $0.75 per unit. The selling price is $4.00 per unit. Using Excel, determine A) The break-even point in dollars B) The break-even point in units. 2. Joe Henry’s

    Words: 439 - Pages: 2

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    Ocean Manuf

    process can be quite complex. Identify five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards? 2. What nonfinancial matters should be considered before accepting Ocean as a client? Howimportant are these issues to the client acceptance decision? Why? 3. Using Ocean’s financial information, perform the following analytical procedures in order to gather valuable planning information. You can use spreadsheet, and

    Words: 1094 - Pages: 5

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    Oceans Carrier

    Ocean Carriers Ocean Carriers Inc. was approached in January of 2001 with a contract proposal for the leasing of one of their ships for a term of 3 years beginning in 2003. Ocean Carriers currently has no ship to accommodate the customer. To commission the construction of a new vessel would take 2 years from start to completion. The average rate in the spot market is $22,000 per day. Ocean Carriers deployed a younger fleet than average carriers and generally earned a 15% premium over the average

    Words: 1432 - Pages: 6

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    Ocean Manufacturing

    Ocean Manufacturing Inc. - The New Client Acceptance Decision What non-financial matters should be considered before accepting Oceans as a client and why? - Most of Barnes and Fischer’s audit clients are in the healthcare services industry and the company has never had a client in the small appliances industry. The engagement presents an excellent opportunity for the company to enter a new market and expand its reputation, especially if Ocean goes public in the future. However, auditors need to

    Words: 632 - Pages: 3

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    Ocean Manufacturing, Inc Case

    From: Date: July 2, 2015 Subject: Audit Engagement Acceptance of Ocean Manufacturing, Inc. I am writing this you this memorandum to inform you of my recommendation as to whether to accept the audit engagement of Ocean Manufacturing, Inc. or decline. The discussion below talks about the use of client acceptance factors significant in arriving at my conclusion. It is my recommendation to not accept Ocean Manufacturing, Inc. (Ocean) as an audit client based on the significant client acceptance factors

    Words: 904 - Pages: 4

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    Manufacturing Strategy

    Manufacturing Strategy Shavone Homer OPS/571 June 01, 2015 Professor W. Page Manufacturing Strategy Intro Summary of Concepts TOPIC I: SAM Enter Text Metrics and Supplier Relationship Periodical review of supply chain performance is essential to developing efficient processes to meet the demand for products manufactured by Riordan. Performance evaluations enable managers to benchmark goals, organize workload and analyze cost efficient processes within each phase of the supply process. Metrics

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    Ocean

    its importance.    Growing up on the small three mile long, island of Green Turtle Cay, I have always had a love for the ocean and its inhabitants. From the time I could walk, I found myself tagging along with my big brother and father in the boat. However it wasn’t until my second week of work experience at Brendal’s Dive Center that I realized my true love for the ocean and viewed it from a different perspective.  We arrived at the dive spot we had been previously been to, but this time I was

    Words: 321 - Pages: 2

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    Ocean Manufacturing

    Ocean Manufacturing, Inc. การตัดสินใจรับงานสอบบัญชี วัตถุประสงค์การเรียนรู้ 1. เข้าใจประเภทของข้อมูลที่เกี่ยวข้องกับลูกค้าการตรวจประเมินที่คาดหวังไว้ 2. ระบุขั้นตอนที่ผู้สอบตัดสินใจยอมรับลูกค้าที่คาดหวังไว้ 3. ระบุและประเมินปัจจัยที่สำคัญต่อการตัดสินใจรับงานสอบบัญชี 4. เข้าใจกระบวนการในการสร้างและแสดงให้เห็นถึงข้อเสนอแนะที่เกี่ยวกับการรับงานสอบบัญชี บทนำ บริษัทบัญชีของ Barnes และ Fischer เป็นบริษัทตรวจสอบบัญชีรับอนุญาตแห่งชาติขนาดกลาง ปัจจุบันมีหุ้นส่วนที่เป็นผู้เชี่ยวชาญมากกว่า 6,000

    Words: 271 - Pages: 2

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    Ocean Manufacturing Case

    Acct 4080Ocean Manufacturing Case1.1) Obtain and review financial information about the prospective client: annual reports, interim statements, registrations statements, Form 10-k’s, and reports to regulatory agencies.2) Detailed criminal background checks of senior managers.3) Evaluate the public accounting firm’s independence with regard to prospective clients.4) Inquire of the prospective clients’ bankers, legal counsel, underwriters, analysts, or other persons who do business with the entity

    Words: 602 - Pages: 3

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    Electroparts Manufacturing, Inc.

    My Lord, the Baby Rabindranath Tagore  • The father can and is willing to sacrifice almost everything just for the good of his beloved son. Even if it means that he will lose his son forever, or it would mean his death. The story relates on the belief that there is reincarnation of death. • Raicharan's personality was related to who fathers who only thinks about loving their children so much, without even considering their selves. What I hate about it was giving too much

    Words: 1152 - Pages: 5

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    Ocean

    Earth’s Dynamic Ocean and Atmosphere II Worksheet From Visualizing Earth Science, by Merali, Z., and Skinner, B. J, 2009, Hoboken, NJ: Wiley. Copyright 2009 by Wiley. Adapted with permission. Part 1 Figures 1 and 2 depict two important features of the world ocean. Figure 1 shows one way in which the ocean basins filled with water and Figure 2 represents one of the many mineral sources contributing to ocean salinity. [pic][pic] Figure 1 Figure 2 1. Explain the origin of ocean water in 150 words

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    Ocean Energy

    The ocean can produce two types of energy: thermal energy from the sun's heat, andmechanical energy from the tides and waves. Oceans cover more than 70% of Earth's surface, making them the world's largest solar collectors. The sun's heat warms the surface water a lot more than the deep ocean water, and this temperature difference creates thermal energy. Just a small portion of the heat trapped in the ocean could power the world. Workers install equipment for an ocean thermal energy conversion

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    Ocean Manaufacturing Assignment

    CASE 1.1 Ocean Manufacturing, Inc. The New Client Acceptance Decision [2] What nonfinancial matters should be considered before accepting Ocean as a client? How important are these issues to the client acceptance decision? Why? I believe the IT issues are important to consider but after speaking to Barnes and Fischer’s IT department they feel that diagnosing the weakness in controls that they should be able to handle the IT system being used. I also feel that the turnover is important but that

    Words: 814 - Pages: 4

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    Riordan Manufacturing Company Inc. Wide Area Network

    The current architecture of the Riordan Manufacturing Company Inc. Wide Area Network and network security in place requires updated documentation. The purpose of this paper is to gather the existing information into a single format and evaluate the WAN and security documentation for an executive overview. Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection molding. With state-of-the art design capabilities, they create innovative plastic designs that have earned international

    Words: 11081 - Pages: 45

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    Ocean Carriers

    Background Ocean Carriers Inc. is a shipping company specializing in the operation of capsizes bulk dry carriers. In January 2001, Mary Linn, the vice President of Finance for Ocean Carriers was evaluating the purchase of a new capsize carrier for a three years lease proposed by a motivated customer. The leasing contract offers very attractive terms, but no ship in Ocean Carrier’s current fleet met the customer’s requirements. In addition, this proposed contract is only for three years. Therefore

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    Ocean Carriers

    Ocean Carriers’ Case Spring 2012 Ocean Carriers Ocean Carriers Inc. owned and operated capsized dry bulk carriers that carried iron ore worldwide. The company’s vessels were typically chartered on a “time charter” basis for a period of years. The charterer paid Oceans Carriers a daily hire rate for the entire length of the contract, determined what cargo the vessel carries, and controlled where the vessel loaded and unloaded. Ocean Carriers supplied a vessel that complied

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    Ocean Manufacturing, Inc.

    Ocean Manufacturing, Inc. The New Client Acceptance Decision Table of Content Step 1: Client Acceptance Decision Process......................................................................... p. 3 Step 2: Knowledge Acquisition of current Conditions: Preliminary Analytical Procedures....................................... p. 4 Step 3: Nonfinancial Matters when Accepting a Client....................................................... p. 5 Step 4: Recommendation whether to Accept

    Words: 2179 - Pages: 9

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    Manufacturing

    Valery Marinov, Manufacturing Technology Cutting Forcess 71 5.3 CUTTING FORCES Introduction Cutting is a process of extensive stresses and plastic deformations. The high compressive and frictional contact stresses on the tool face result in a substantial cutting force F. chip tool F` cut F workpiece Total cutting force F and reaction force F` in orthogonal cutting Knowledge of the cutting forces is essential for the following reasons: v v v v proper design of the cutting

    Words: 785 - Pages: 4

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    Riordan Manufacturing, Inc.

    Riordan Manufacturing, Inc. SR-rm-220 Michael S Black BSA 375 August 6, 2012 John Dunn Riordan Manufacturing, Inc. SR-rm-220 Introduction and Brief History “Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Its products include plastic beverage containers produced at its plant in Albany, Georgia, custom

    Words: 3367 - Pages: 14

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    Ocean

    Guide for Case Analyses “Ocean Carriers” Objectives of case: The key objective is to develop an understanding of how discounted cash flow analysis can be used to make investment and corporate policy decisions. 1. Determine the value and net present value of a real assets; 2. Distinguishing between book value and market value; 3. Identifying and forecasting incremental expected cash flows, including initial and ongoing capital expenditures, investment in net working capital,

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