| Industries |
|---|
| Independent Power Producers and Energy Traders |
| Food Distributors |
| Trading Companies and Distributors |
| Health Care Distribution and Services |
| Drug Retail |
| Apparel Retail |
| Home Improvement Retail |
| Food Retail |
| Retail REITs |
| Specialty Retail |
| Automotive Retail |
| Internet Retail |
| Computer and Electronics Retail |
| Automobile Manufacturers |
| Motorcycle Manufacturers |
| Asset Management and Custody Banks |
| Exposures |
|---|
| Military |
| Express intent |
| Regime |
| Cooperate |
| Provide |
| Political reform |
| Event Codes |
|---|
| Solicit support |
| Endorse |
| Yield to order |
| Formally complain |
| Demand |
| Collaborate |
| Force |
| Agree |
| Reject |
| Wiki | Wiki Summary |
|---|---|
| Special Activities Center | The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015. |
| Prostitution among animals | A few studies have suggested that prostitution exists among different species of non-human animals such as Adélie penguins and chimpanzees. The concept is also known as transactional sex. |
| Arrangement of hyperplanes | In geometry and combinatorics, an arrangement of hyperplanes is an arrangement of a finite set A of hyperplanes in a linear, affine, or projective space S. \nQuestions about a hyperplane arrangement A generally concern geometrical, topological, or other properties of the complement, M(A), which is the set that remains when the hyperplanes are removed from the whole space. One may ask how these properties are related to the arrangement and its intersection semilattice. |
| Cost curve | In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. |
| Production–possibility frontier | A production–possibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB), or transformation curve/boundary/frontier is a curve which shows various combinations of the amounts of two goods which can be produced within the given resources and technology/a graphical representation showing all the possible options of output for two products that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time. A PPF illustrates several economic concepts, such as allocative efficiency, economies of scale, opportunity cost (or marginal rate of transformation), productive efficiency, and scarcity of resources (the fundamental economic problem that all societies face).This tradeoff is usually considered for an economy, but also applies to each individual, household, and economic organization. |
| General Motors | The General Motors Company (GM) is an American multinational automotive manufacturing corporation headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years, until losing the top spot to Toyota.GM operates manufacturing plants in 8 countries. |
| S&P Global Ratings | S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. |
| Adverse possession | Adverse possession, sometimes colloquially described as "squatter's rights", is a legal principle in the Anglo-American common law under which a person who does not have legal title to a piece of property—usually land (real property)—may acquire legal ownership based on continuous possession or occupation of the property without the permission (licence) of its legal owner. The possession by a person is not adverse if they are in possession as a tenant or licensee of the legal owner. |
| Filler metal | A filler metal is a metal added in the making of a joint through welding, brazing, or soldering.\n\n\n== Soldering ==\nSoldering and brazing processes rely on a filler metal added to the joint to form the junction between the base metal parts. |
| Online shopping | Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which displays the same product's availability and pricing at different e-retailers. |
| Chivas Regal | Chivas Regal () is a blended Scotch whisky manufactured by Chivas Brothers, which is part of Pernod Ricard. It was founded in 1786, with its home being in the Strathisla distillery at Keith, Moray in Speyside, Scotland, and is the oldest continuously operating Highland distillery.Chivas Regal has been the market-leading Scotch whisky aged 12 years and older in Europe and Asia Pacific. |
| Fender Japan | Fender Japan, Ltd. was a joint venture between Fender Musical Instruments Corporation, Kanda Shokai (神田商会) and Yamano Gakki (山野楽器) to produce and sell Fender-branded instruments for the Japanese market. |
| Accounting period | An accounting period, in bookkeeping, is the period with reference to which management accounts and financial statements are prepared. \nIn management accounting the accounting period varies widely and is determined by management. |
| Return on equity | The return on equity (ROE) is a measure of the profitability of a business in relation to the equity. Because shareholder's equity can be calculated by taking all assets and subtracting all liabilities, ROE can also be thought of as a return on assets minus liabilities. |
| Contributions of Leonhard Euler to mathematics | The 18th-century Swiss mathematician Leonhard Euler (1707–1783) is among the most prolific and successful mathematicians in the history of the field. His seminal work had a profound impact in numerous areas of mathematics and he is widely credited for introducing and popularizing modern notation and terminology. |
| Lattice reduction | In mathematics, the goal of lattice basis reduction is to find a basis with short, nearly orthogonal vectors when given an integer lattice basis as input. This is realized using different algorithms, whose running time is usually at least exponential in the dimension of the lattice. |
| Inventory management software | Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. |
| Western Sanitary Commission | The Western Sanitary Commission was a private agency based in St. Louis that was a rival of the larger U.S. Sanitary Commission. |
| Saravana Stores | Saravana Stores, founded in 1969, is a chain of retail stores in India. It is the largest family owned business retail chain in India. |
| List of automobile manufacturers of Japan | This is a list of current and defunct automobile manufacturers of Japan.\n\n\n== Major current manufacturers ==\nHonda (1946–present)\nAcura (1986–present)\nHonda Verno (former dealer network)\nHonda Clio (former dealer network)\nIsuzu (1853–present; spun off from IHI in 1916)\nMazda (1920–present)\nAutorama (former dealer network)\nAutozam (former dealer network)\nEfini (former dealer network)\nEunos (former dealer network)\nXedos (former dealer network)\nMitsubishi (1873–1950; 1964–present)\nNissan (formerly Datsun) (1933–present)\nDatsun (formerly Kaishinsha Motorcar Works) (1925–1986; 2013–2022)\nKaishinsha Motorcar Works (1911–1925)\nInfiniti (1989–present)\nNissan Blue Stage (dealer network)\nNissan Red Stage (dealer network)\nNissan Cherry (dealer network, c.1970–2009)\nNissan Motor (dealer network, c.1968–2009)\nNissan Prince (dealer network, c.1968–2009)\nNissan Sunny/Satio (dealer network, c. |
| Kim Possible | Kim Possible is an American animated action comedy-adventure television series created by Bob Schooley and Mark McCorkle for Disney Channel. The title character is a teenage girl tasked with fighting crime on a regular basis while coping with everyday issues commonly associated with adolescence. |
| Reverse racism | Reverse racism or reverse discrimination is the concept that affirmative action and similar color-conscious programs for redressing racial inequality are a form of anti-white racism. The concept is often associated with conservative social movements and the belief that social and economic gains by black people in the United States and elsewhere cause disadvantages for white people.Belief in reverse racism is widespread in the United States; however, there is little to no empirical evidence that white Americans suffer systemic discrimination. |
| Decisions, Decisions | Decisions, Decisions is a 15-part educational role-playing video game series by Tom Snyder Productions, released from the 1980s to the early 2000s. It has also been described as a "media-assisted simulation game" series. |
| Triple bottom line cost–benefit analysis | Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives. It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements. |
| Accrual | Accrual (accumulation) of something is, in finance, the adding together of interest or different investments over a period of time.\n\n\n== Accruals in accounting ==\nFor example, a company delivers a product to a customer who will pay for it 30 days later in the next fiscal year, which starts a week after the delivery. |
| Asset | In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. |
| Martin Shkreli | Martin Shkreli (; born March 17, 1983) is an American former hedge fund manager and convicted felon. Shkreli is the co-founder of the hedge funds Elea Capital, MSMB Capital Management, and MSMB Healthcare; the co-founder and former chief executive officer (CEO) of the pharmaceutical firms Retrophin and Turing Pharmaceuticals (now Vyera Pharmaceuticals); and the former CEO of start-up software company Gödel Systems, which he founded in August 2016.In September 2015, Shkreli was widely criticized when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by 5,455% (from US$13.50 to $750 per pill). |
| Digest access authentication | Digest access authentication is one of the agreed-upon methods a web server can use to negotiate credentials, such as username or password, with a user's web browser. This can be used to confirm the identity of a user before sending sensitive information, such as online banking transaction history. |
| Shortness of breath | Shortness of breath (SOB), also medically known as dyspnea (AmE) or dyspnoea (BrE), is an uncomfortable feeling of not being able to breathe well enough. The American Thoracic Society defines it as "a subjective experience of breathing discomfort that consists of qualitatively distinct sensations that vary in intensity", and recommends evaluating dyspnea by assessing the intensity of its distinct sensations, the degree of distress and discomfort involved, and its burden or impact on the patient's activities of daily living. |
| Customer base | The customer base is the group of customers who repeatedly purchase the goods or services of a business. These customers are a main source of revenue for a company. |
| List of current reigning monarchs by length of reign | This is a list of currently enthroned monarchs sorted by length of service.\nThis list includes monarchs who do not reign over entire nations, such as Muhammad V of Kelantan, but does not include former monarchs and pretenders, such as Simeon II of Bulgaria, ex officio monarchs such as Emmanuel Macron who in his capacity as President of France is also Co-Prince of Andorra, monarchs without physical territories such as the Prince and Grand Master of the Sovereign Military Order of Malta, constituent monarchs such as the traditional African rulers, or monarchs whose position is unofficial, such as Tenzin Gyatso, 14th Dalai Lama. |
| Foundry model | The foundry model is a microelectronics engineering and manufacturing business model consisting of a semiconductor fabrication plant, or foundry, and an integrated circuit design operation, each belonging to separate companies or subsidiaries.Integrated device manufacturers (IDMs) design and manufacture integrated circuits. Many companies, known as fabless semiconductor companies, only design devices; merchant or pure play foundries only manufacture devices for other companies, without designing them. |
| Dump months | The dump months are what the film community called the two periods of the year when there were lowered commercial and critical expectations for most new releases from American filmmakers and distributors before the era of streaming television. Domestic audiences during these periods are smaller than the rest of the year, so no tentpole movies are released. |
| External validity | External validity is the validity of applying the conclusions of a scientific study outside the context of that study. In other words, it is the extent to which the results of a study can be generalized to and across other situations, people, stimuli, and times. |
| IHG Hotels & Resorts | InterContinental Hotels Group PLC (IHG), marketed as IHG Hotels & Resorts, is a British multinational hospitality company headquartered in Denham, Buckinghamshire, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. |
| Stealth helicopter | Stealth helicopters are helicopters that incorporate stealth technology to decrease an enemy's detection ability. There are a diverse range of technologies used to achieve this decreased detectability; these have largely involved the reduction of several different signatures typically generated by a rotorcraft, including those of noise, radar, and infrared. |
| Risk Factors |
|---|
| Any of the following risks could have a material adverse effect on our financial condition, liquidity, and results of operations or prospects, financial or otherwise |
| 6 ______________________________________________________________________ REDUCTION IN PRESENT LEVELS OF CASH FLOW COULD ADVERSELY AFFECT THE COMPANY’S BUSINESS The Company’s primary source of liquidity over the past twelve months has been operating cash flows |
| The Company’s future cash flows from operations (on both a short term and long term basis) are dependent upon, but not limited to: · the Company’s ability to attract new customers that will sell the Company’s products and pay for them, · the Company’s ability to retain the Company’s existing customers at the level of sales previously produced, · the volume of sales for these customers, · the loss of business of one or more primary customers, · changes in types of products that the customers purchase in their sales mix, · the volume of royalty income paid to the Company by its licensees based upon the terms of each royalty agreement, including the inability to negotiate favorable royalty arrangements and renew current arrangements with certain existing favorable terms, · poor or deteriorating economic conditions which would directly impact the ability of the Company’s customers to remain in business and pay for their products on a timely basis, · management’s ability to hold the line on any requests for increases in material or labor cost increases, and · the ability to collect in full and in a timely manner, amounts due to the Company |
| In addition, as noted above, the Company’s cash flow is also dependent, to some extent, upon the ability to maintain operating margins |
| If there were a general downturn in economic conditions or other events that caused the Company’s customers to turn to lower-priced, lower-margin products, the Company’s cash flow and profitability could be materially and adversely affected |
| FAILURE TO ATTRACT AND RETAIN CUSTOMERS TO SELL THE COMPANY’S PRODUCTS COULD ADVERSELY AFFECT SALES VOLUME AND FUTURE PROFITABILITY The Company markets a line of products used by consumers to listen to music |
| The Company distributes these products through retail channels in the US and independent distributors throughout the rest of the world |
| The Company is dependent upon the Company’s ability to retain an existing base of customers to sell the Company’s line of products |
| The Company has broad distribution across many channels including specialty stores, mass merchants, electronics stores and computer retailers |
| Since distribution is broadly based, any loss of a customer directly translates into a reduction in sales volume which can only be replaced by replacing a similar number of representative retail outlets |
| The inability of the Company’s sales and marketing staff to obtain new distribution outlets translates into a lack of future growth and possibly a setback in sales volumes when loss of current customers occur |
| For example, the loss of a customer representing 10prca of the Company’s business would translate into a reduction in revenues of up to 10prca based upon the point through the fiscal year that the customer was lost |
| Attracting a new customer during the course of a fiscal year could have a positive impact or simply replace an account which has been lost |
| Such changes can take place arbitrarily throughout the course of a year which can cause reductions in sales revenues in proportion to the number of retail outlets that the store represents in the market |
| The Company may not be able to maintain customers or model selections and therefore experience a reduction in its sales revenue until a model is restored to the mix or a customer is replaced by a new customer |
| A reduction in sales volume would cause a reduction in 7 ______________________________________________________________________ profitability |
| The Company’s failure to retain existing customers, obtain new customers or develop new product lines that customers would choose to offer to consumers could significantly affect the Company’s future profitability |
| The loss of business of one or more principal customers or a change in the sales volume from a particular customer could have a material adverse effect on the Company’s sales volume and profitability |
| SHIFT IN CUSTOMER SPECIFICATIONS TO LOWER PRICED ITEMS CAN REDUCE PROFIT MARGINS NEGATIVELY IMPACTING PROFITABILITY The Company sells a line of products with a suggested retail price ranging from less than dlra10 to dlra1cmam000 |
| The gross margin for each of these models is unique in terms of percentages |
| The price range of the products also produces a different level of actual dollar contribution per unit |
| For example a product with a gross margin contribution of 50prca might yield a dlra5dtta00 contribution for one item, while another item may feature a 30prca gross margin which could yield dlra50dtta00 |
| The Company finds the low priced portion of the market most competitive and therefore most subject to pressure on gross margin percentages, which tends to lower profit contributions |
| Retail preference for lower priced items can reduce profit margins and contributions |
| The risk is that a shift in retail customer specifications toward lower priced items can lead to lower gross margins and lower profit contributions per unit of sale |
| Due to the range of products that the Company sells, the product sales mix can produce a variation in terms of a range of profit margins |
| Some customers sell a limited range of products that yield lower profit margins than others |
| Most notably, the budget priced headphone segment of the market below dlra10dtta00 retail which is distributed through computer stores, office supply stores, and mass market retailers tend to yield the lowest gross margins |
| An increase in business with these types of accounts, if coupled with a simultaneous reduction in sales to customers with higher gross margins would reduce profit margins and profitability |
| POOR ECONOMIC CONDITIONS CAN RESTRICT OR LIMIT PRODUCT PLACEMENT, SALES AND REPLENISHMENT WHICH COULD DECREASE PROFITS Deteriorating or weak economic conditions, or a forecast for the same, can trigger changes in inventory stocking at retail |
| This may in turn lead to a reduction in model offerings and to out of stock situations |
| If a retail customer of the Company does not have adequate stocks of the Company’s products to offer for sale in a retail store, consumers may choose another competitive model instead |
| Customers operating retail stores anticipate future sales demands and inventory products accordingly |
| These changes directly impact the Company’s sales and profitability |
| The Company is not in a position to determine how it will be affected by these circumstances, how extensive the effects may be, or for how long the Company may be impacted by these circumstances |
| The Company’s customers respond to changes in economic conditions and any adverse changes in economic conditions can therefore restrict product placement, availability, sales, replenishment and ultimately profitability |
| These conditions exist domestically and internationally |
| MANAGEMENT IS SUBJECT TO DECISIONS MADE OUTSIDE ITS CONTROL WHICH COULD DIRECTLY AFFECT FUTURE PROFITABILITY Retail customers determine which products they will stock for resale |
| The Company competes with other manufacturers to secure shelf space in retail stores for the Company’s products |
| During the course of a year, changes in the customers’ management personnel can ultimately lead to changes in the stock assortment offered to consumers |
| These changes are often arbitrary |
| In addition to changes in personnel within the Company’s customers, it is also possible that a strategic decision can be made by a retail customer to consolidate vendors, or to discontinue certain product categories altogether |
| In these instances, the Company’s management team may not able to convince customers to reverse such 8 ______________________________________________________________________ decisions |
| The Company’s management team is also engaged in the effective procurement, assembly, and manufacture of products |
| The ability to negotiate with suppliers, maintain productivity, and hold the line on cost increases can be subjected to pressures outside the control of management |
| For example, increases in fuel costs can increase rates of freight |
| Increases of this nature can seldom be avoided and the Company may not be able to pass such increases along to its customers |
| Management’s effective control of the manufacturing processes will have a direct impact on the Company’s future profitability |
| The Company regularly makes decisions that affect production schedules, shipping schedules, employee levels, and inventory levels |
| The Company’s ability to make effective decisions in managing these areas has a direct effect on future profitability |
| ACCOUNTS RECEIVABLE AMOUNTS DUE FROM OUR CUSTOMERS CAN BE LOST AS A RESULT OF CUSTOMER BANKRUPTCY, OPERATIONAL DIFFICULTY, OR FAILURE TO PAY, NEGATIVELY IMPACTING FUTURE PROFITABILITY The Company has significant accounts receivable or other amounts due from the Company’s customers |
| The accounts receivable balance at the end of the last four quarters averaged approximately dlra8 million |
| Terms of payment for customers generally range from cash in advance to net 90 day credit terms |
| These credit arrangements are negotiated at unspecified and irregular intervals |
| The largest customers generate the largest receivable balances |
| If a customer develops operational difficulty it is not uncommon to temporarily suspend payment to vendors |
| The Company is subject to this risk in the retail marketplace |
| From time to time a customer may develop severe operating losses which can lead to a bankruptcy |
| In these cases, the Company may lose most of the outstanding balance due |
| Occasionally, the Company has been current with a customer at the time such an event occurs |
| The more material risk is that of losing the revenue of the customer which might be more onerous than losing the current outstanding accounts receivable |
| In addition, many companies that will insure accounts receivables will not do so for the Company’s largest mass market customers |
| An example of such a loss was KMART Corporation |
| The Company recorded a loss of approximately dlra500cmam000 of which dlra37cmam000 was repaid in 2005 and dlra312cmam000 in 2004, when KMART filed for re-organization |
| The Company continued to supply KMART during its post petition re-organization and continues to supply the customer profitably today |
| The risk is that the Company derives most of the Company’s sales revenue and profits from selling products to retailers for resale to consumers |
| The failure of the Company’s customers to pay in full amounts due to the Company could negatively affect future profitability |
| COMPANY PROFITS CAN SUFFER FROM INTERRUPTIONS IN SUPPLY CHAIN The Company uses contract manufacturing facilities in Mainland China, Taiwan, and South Korea |
| These independent supplier entities are distant from the Company which means that the Company is at risk of business interruptions due to natural disaster, war, disease, and government intervention through tariffs or trade restrictions that are of less concern domestically |
| An additional area of concern for the Company is with the continuing “War on Terror” and the most recent developments in North Korea, Iran, and Lebanon |
| Three of our largest distributors outside the US have already experienced a general tightening of the availability of credit in recent months, which we believe to be partly a result of certain of these external concerns |
| Therefore, if there are any interruptions in the supply chain for any of these reasons, this could directly impact the Company’s profits in a negative way |
| The Company is also at risk if trade restrictions are imposed on the Company’s products based upon country of origin |
| In addition, any increase in tariffs and freight charges may not be acceptable to pass along to the Company’s customers and could directly impact the Company’s profits |
| 9 ______________________________________________________________________ FLUCTUATIONS IN CURRENCY EXCHANGE RATES COULD AFFECT PRICING OF PRODUCTS AND CAUSE CUSTOMERS TO PURCHASE LOWER-PRICED, LESS PROFITABLE PRODUCTS AND COULD AFFECT OVERALL DEMAND FOR THE COMPANY’S PRODUCTS The Company receives a material portion of its revenue and profits from business in Canada and Europe |
| To the extent that value of the US dollar increases relative to currencies in those jurisdictions, it increases the cost of the Company’s products in those jurisdictions, which could create negative pressure on the overall demand for the Company’s products |
| The Company gets paid from its international customers in US dollars |
| To the extent that increased prices arising from currency fluctuations decrease the overall demand for the Company’s products and the Company’s sales or motivate customers to purchase lower-priced, lower profit products, the Company’s revenues, profits, and cash flows could be adversely affected |
| CONSISTENCY OF THE COMPANY’S BUSINESS WITH SEVERAL US RETAILERS The Company is particularly concerned about the consistency of business with several US retailers for the coming year |
| The recent increases in interest rates may again cause US retailers to sharply curtail inventory increases in advance of this year’s holiday season |
| The Company has already seen some consolidation in product lines, and item elimination, or reductions at several big box retailers this past spring |
| The Company also recognizes the struggle that many of the Company’s automobile customers have been reporting in the news, and the potential impact that a reduction in automobile unit sales might have upon our ‘rear seat entertainment products’ for the automotive market in the coming fiscal year |