International Market Expansion Essay Example | Topics and Well Written Essays - 1500 words

International Market Expansion - Essay Example Consider if the return in Vietnam pillories is 10% of the total investment but on the other hand if currency that is Vietnam’s dong depreciates also by 10% then the gain to corporation will be nothing, with the same token if currency depreciates by more than 10% the Pfizer pharmaceutical will face loss and if their currency appreciates by 10% or more the Pfizer pharmaceutical can also yield abnormal profit. So, there exists a risk of foreign currency in case of business exposure to Vietnam. Though currency risk prevails in business exposure but companies can overcome this currency risk and can protect their profit even in crisis too. Following are some of the possible risk aversion strategies for business expansion. The first and foremost solution is to actually measure the volume of risk through analysing the company’s exchange flows. In the exchange process when currency transaction takes place it is advised to negotiate payment of currency in your own local currency in this case that is US dollar. Trading in your local currency will reduce the risk of conversion rates in the form of exchange rate shocks besides the expected fluctuations will be bore by the other party while your returns will not be affected by this risk. When companies are experiencing foreign exposure they should keep an eye on the changing currency rates and whenever possible they should take optimum advantage of the current rate. In reducing currency exchange rates, companies should keep dates for payments close to the signing of the contract date, this will reduce risk of fluctuations. Keeping certain amount of deposits as security with a defined ratio of contract size can also help minimizing risks. With the help of brokers and foreign exchange solutions companies can lock in future exchange rates and buy contracts with future perceptions but there is no exact solution to the failure of this future exchange rate so, instead of open period, short period for bid and contract s will limit the risk of currency exposure. Companies should double check foreign exchange rates when they are setting up prices because selling product in a foreign country mean payments will be collected in foreign currency, but if the exchange rate is low with lower prices the company will end up in loss. So, setting up prices is also a key factor in reducing loss.(Prinzel, 2012) The solution can also be to diversify the exchange rate which will also reduce risks. Since Pfizer pharmaceuticals has its business exposures in almost 42 countries, this diversification can help reducing currency exchange risks as if Vietnami dong depreciates, exchange rate in other country may appreciate so, Pfizer pharmaceutical already entails this solution which will further help reducing risks. Pfizer can also neutralize its risks through managing its dealings as currency in Vietnam depreciates, it will help if Pfizer purchase its raw material from foreign supplier who are dealing in Vietnami dong that will make product cheaper as payment is made in dollars. On the other hand it will neutralize the risk of foreign currency exposure too.(Alan C. Shapiro, 1982) 2. Evaluate the basic functions of the international banking system and

KPMG Three Little Pigs Inc. Solution :: Business, Finance, case study, solution

KPMG Three Little Pigs Inc. Solution Several factors including increased supply have caused declining prices for live hogs on the spot market. Also as shown below, futures prices will remain below the carrying cost for live hogs until nearly the end of the fiscal year. However, processed pork products such as bacon, loins, and ham remain above the current cost of production. Three Little Pigs Inc. is capable of processing hogs into these products internally at some locations. Unfortunately, not all hogs can be transported and processed at the main processing plants and must be sold as live hogs to third parties at spot market prices. There are four potential alternatives for dealing with the possible need to impair the value of Three Little Pigs Inc.'s inventories. Alternative 1: Continue to carry all inventories at cost basis. ARB28, Par.14c ?Such temporary market declines need not be recognized at the interim date since no loss is expected.? EITF, 86-13 Discussion option 28 requires inventory be written to lower of cost or market unless (1) substantial evidence exists that market prices will recover before the inventory is sold?Write down is generally required unless the decline is due to seasonal pricing fluctuation.? ARB43, Ch.4, Par.9 ?Where evidence indicates that cost will be recovered with an approximately normal profit upon sale in the ordinary course of business, no loss should be recognized...? If it can be determined that the depressed prices for lean hogs are only temporary, inventories could and should be kept at cost basis. In this case, adjusting prices to match current market prices would not be necessary. Future prices indicate a recovery before the end of the fiscal year. Futures prices will surpass cost in February and remain above cost for the remainder of the fiscal year. The future prices support claims that the price fluctuations are only temporary in nature, and do not reflect a permanent downward shift in hog prices. Since inventories once impaired cannot be marked up to reflect changes in market conditions, this strategy could be beneficial to the company later on. In this case inventory would not be shown on the books at an unfairly low value. Alternative 2: Mark down all live hog inventories AICPA Audit Procedures for Agricultural Producers Pt.1 Ch5.02 ?Growing crops and developing animals to be held for sale should be valued at the lower of cost or market.? ARB43, Ch.4 Par.8 ?A departure from the cost basis of pricing the inventory is required when the utility of the goods is no longer as great as its cost.

American History. The Trans-Atlantic Slave trade

Think piece #1 I choose to answer the second topic. the dehumanizing forces of the transatlantic slave trade The Trans-Atlantic Slave trade was considered the most abominable and cruel force of slavery, during the trade, the way of obtaining the slave is dehumanizing, if we were to conclude the dehumanizing force in only one word, it would be: the minimum food, clothing, and shelter was given to those slaves who survived the Middle-Passage, and the maximum amount of work was expected of them. The first challenge was on their homeland, they were towed into a forest where no one can see them, then people who work for the capitalist beat the person to faint, and then they were chained together and â€Å"escorted† to the small boat which will send them to the slave boat. After that, when they were on boat, they were put on the lower cabin like cargos, there was almost no room to breathe or take a turn. And the food is horrible as well, the slaves can only get food once or at most twice a day, and the food is at most one-spoon full and the taste is awful. Slaves also have no bowls or spoons to eat; they ate with their bare dirty hands. What is more horrible is that ships often run out of food or sometimes there is infectious disease on board, then the slaves who is extra will be thrown into the sea with a bag of heavy rock tied in the beginning. Thus the survival rate during the transportation is extremely low; the number is only 13% or so. The first reason why that method is employed is that slaves were better used to the tropical weather than the capitalist, what is more, their physical building is tough and the number of slaves is much more than the solders on the ship. If they were treated like a human, whom they can get sufficient food and shelter, there might be a rebellion which may put those capitalist into peculiar situation. And at second, the slaves were considered property instead of human in the mind of those capitalists, thus they will not be treated like human. Despite all those horrible conditions and treatments, black people formed a strong culture tie between one and another to keep their rebellion force. The culture they formed is fusion of their own cultures with that of the white colonists, and the culture varies from country to country, region to region across the Americas. Although the slaves were captured from the same kingdoms, for instance, Louisiana is vastly different from that in Haiti or in Brazil. The differences were due to the differing conditions of slavery and the different input from whites in those places.

The Christian Perspective on Stem Cell Research Essay

The Christian Perspective on Stem Cell Research Many Americans do not see how the existing state laws forbidding human cloning can survive, and others like them be enacted, since the federal government has given its blessing to the cloning and destruction of human embryos for research purposes. An entire area of law where states have been able to express respect for human life may be wiped away. We know that many have made expansive claims for the benefits of human embryo research. However, all such claims are conjectural. Embryonic stem cell research has not helped a single human patient or demonstrated any therapeutic benefit. At the same time, adult stem cells have helped hundreds of thousands of patients and new†¦show more content†¦By implementing these guidelines, the federal government would encourage researchers to conduct destructive embryo experiments that are punishable as felonies in some states.(3) This proposal is immoral because it violates a central tenet of all civilized codes on human experimentation beginning with the Nuremberg Code: It approves doing deadly harm to a member of the human species solely for the sake of potential benefit to others. The embryos to be destroyed by researchers in this campaign are at the same stage of development as embryos in the womb who have been protected as human subjects in federally funded research since 1975.(4) President Clintons National Bioethics Advisory Commission (NBAC) and its 1994 predecessor, the NIH Human Embryo Research Panel, conceded that the early human embryo is a form of developing human life that deserves our respect(5). 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