Essays on Corvette

Inventory

Inventory refers to a stock of good held by a business in order to meet its objectives. Many people consider inventory to be a bad thing due to the storage or holding costs associated with holding high levels of inventory. Holding costs increase proportionately as the level of inventory held increases and very high levels of inventory may adversely affect the profitability of the business. Some of the common holding costs include: Financing costs, investment in inventory represents tied up working capital, and the business will incur financing costs on the amount of capital held up in inventory

Obsolescence, ...

Inventory Methods used by Corvette

Description of Corvette Assembly Plant Corvette is a branch of General Motors situated in Kentucky and is the main assembly plant behind manufacturing of the Chevrolet brand. General Motors began operations in the assembly plant in 1981 and major upgrades have taken place since then. With over 30 years of experience in the manufacturing industry, the assembly plant aims to raise the performance of sports cars by ensuring that the workforce available works in harmony to bring the desired quality. Focus is on the design, performance and the technological advancements exhibited by the cars assembled at the plant. The ...

BUSINESS REPORT

Executive Summary Corvette sells luxury sports cars and has just signed a contract to sell some of the cars to various customers around the globe. The selling prices for the cars are fixed and are set at the local currencies of the countries where the cars are being sold. However, there is uncertainty in the exchange rates in different countries. The Bank of America has provided them with estimates of the mean and standard deviation. HSBC has offered to pay a sum of $2,150,000 in return for the revenue in local currencies and the management of Corvette is ...

Abstract

International financial decisions are never easy to make. This is majorly because of the various that bring a lot of uncertain elements in the decision making process. In most case, the issue of contention in international finance is majorly uncertainties in future exchange differences. This is explained in the case study that follows. In this example, the company is torn between accepting a sure amount of money from a bank, and awaiting the outcome of a risky and unsure income. This paper seeks to unravel the element of uncertainty in this decision. This will be done by an analysis of the risks ...