in life expectancy
Changes in life expectancy affect public pension programs. For example the US social security system the typical worker who reached the system normal retirement age of 65 was expected to live another 12 years. Andtoday the time is getting longer. But the workers inthe developed countries are retiring earlier thereby compounding the impact of rising longevity on pension costs
to record inthe later months ofthe contract because by that entry, Xerox does not own that equipment any more as its lease asset nor does provide any goods or services with it. However, in reality, Xerox is providing rental services each month. These manipulations had the effect of accelerating Xerox's recognition of revenue at the expense of future periods
3. What are “exposed receivables
to turn into exposed receivables.
Some subsidiaries of Xerox throughout Latin America was found to have exposed receivables, andthe reason for this could be because ofthese faulty accounting procedures for recognizing rentals as sales. One major problem that could be caused by excess of exposed receivables is that the company can face liquidity problems. A drop in account receivables implies
of its production and operates a single format which increases operating expenses. Such choice of outsourcing all production is reflected in a relatively low PPE to sales ratio of 15.5% which contributes to higher capital turnover, andthereby, higher ROIC. On the other hand, Inditex which sticks to vertical integration needs its own production plants and such need is reflected inthe higher cost
the flexibility is commonly available in executing process, theofficials are exposed more to be in contact with reciprocal relationships, what we call guanxi. Therefore, cultivating guanxi is required to maintain a long-term business. Without guanxi, companies will not be able to overcome problems coming from the expectations of reciprocal relationships by other business-related units.
As we