Customer requirements will be met in the highest quality manner appropriate to each market segment served.
Corporate activities will be conducted to the highest ethical and professional standards
Fedex will produce superior financial returns by providing high value-added supply chain, transportation, business
FedEx will strive to develop mutually rewarding relationships with its e
system, Inditex has a distinctive competence in inventory management. Compared to other companies’ net working capital ratios of 13%(GAP), 47.5%(H&M), 21.3%(Benetton) which measure efficiency of inventory management, Inditex’s working capital ratio amounted to less than 1%, to 0.8%. Comparing with H&M’s lower PPE/sales and higher working capital/sales ratios, Inditex’s high PPE/sales rati
Definition of the Pay
Wage
A compensation in exchange for labor
Annual Salary
A form of periodic payment
Incentive
Any factor (financial or non-financial) that enables or motivates a particular course of action
Payment System
P.S[Profit Sharing]
The biggest amount among incentives
If employees exceed the purpose,
they can get maximum 20% of exceeded benefits.
If evaluated
System ; 단식기장)
단식회계란 주로 재산계산만을 행하는 일정한 원칙이 없는 단순한 기장방법이다. 재산계산에는 현금의 수지, 타인과의 대차만을 기록하며 실제재물현황이나 손익에 관한 기록을 하지 않는다. 따라서 기장방법이 간편하여 소규모 상점, 관청, 재단법인의 회계에 주로 사용되나, 재무
system
-Facilitates the coordination of activities
-Results in greater management awareness
-Motivates personnel
The master budget is a set of interrelated budgets that constitutes a plan of action for a specified time period.
↓
Operating budget
Financial budget
Sales budget
Production budget
Direct materials budget
Direct labor budget
Manufacturing overhead budget
S
marketing activities among cooperatives and develop high-profile brands.
Second part of their work, banking and finance focuses on how to be an efficient and effective connection point between financial industry and agricultural industry. Thus, they facilitate its capital and revenue from banking and financing business and then use those funds to operate various farm extension services.
System has 2 fields of business. One is digital equipment such as PMP, DMB, Navigation, and another is wireless Internet multimedia contents service such as Color ring, MOD, VOD and so on. Especially MP3 Player , PMP is main items in Cowon.
Ⅱ. Evaluating the Financial Ratio
1. Short-term solvency ratios
구 분
산 식
Digital-cube
Cowon
2006
2007
2006
2007
Current
Ratio
C/A
Financial Goals ?
Has our financial performance improved ?
What customers do we want to serve & how are we going to retain them ?
Do customers recognized that we are delivering more value ?
What internal business processes are critical to providing value to customers ?
Have we improved key processes so that we can deliver more value ?
Are we maintaining our ability to change an
financial efficiency of their systems etc. The paper also analyses the benefits and demerits each chain faces as a result of the individual strategy they had adopted. They also analyzed the effect the recent financial recession had on each of the groups and how well or not they were placed to deal with it.
2. General background and current trends of hotel industry
Characteristic