Commencing March 4th 2009
Groups will present answers to Questions 1 - 5
We will present the Body of the Report On This Page
Appendicies will be provided on the Linked Pages
Visitors to this site please note:
This is Class work! This is what is presented in class. Students upload their info using USB's and then I - the teacher - look at it and comment on it. The students are learning about the world of business and in the process HOPEFULLY they will learn something about Report writing, Appendicies, Referencing, footnotes etc.
They are learning to think further than the initial question.
The list of questions may be found HERE
Some Lessons we learned in today's Class
1. If you only research from ONE INTERNET SOURCE, later when you try to go back to it, that page may no longer exist or may be temporarily be unavailable. Always provide some alternative sources
2. When you are checking prices and flights on the internet, the page which shows the details of that flight is A TEMPORARY PAGE ONLY, so you cannot provide that page link. You have to provide the link to the page into which you load your request.
3. When presenting material from your own notes: a) Make sure that you use a LARGE TYPE so that it is easy to read from a distance. This way you don't have to read with your face in your paperwork. Listeners should be able to see your face as you talk TO THEM.
Question 1
1. What are the current exchange rates against the RMB for:
Group 1
Group 2
Question 2
Oil Prices
2. Oil Group 2
Group 3
New Question: What has that to do with China?
Answer:
It effects the exchange rate - Effects import and exports - Trade Imbalance
Note that the address supplied by this group for their answers no longer exists.
These addresses are no longer current. No other addresses were provided. What to do?
Note:
In Question 3 we encounter our first Appendix.
An Appendix contains all the extra information that a person is likely to need in relation to a matter, that was not 'specifically requested in the original question. It is extra information or expanded information that provides the fullest possible answer.
Question 3
Group 5's answers for economy class were provided as the demonstration of Report writing on THIS PAGE
3. Overseas Travel
Group 3's section was:
You are going to America to investigate the possibility of opening an office there or perhaps to try and make business contacts or do a Sales drive.
Answers:
A - 75402rmb for Business class ticket - http://fly.emirates.com
We noted 2 things about this answer: a) That we really need the cost in US$ - But the Chinese boss probably wants it in Rmb.
b) When We checked out the link and enquired again, we discovered that the price has come down by 6,000 rmb since the time that this group first enquired about prices.
B. - Hotel Prices: - 3 choices 1. Doubletree Metropolitan Hotel US$4786 - 14 days
2. The Time Hotel US$4316 - 14 days
3. Intercontinental THe Barclay New York US$ 5484.3- 14 days.
Group 5
A. Economy Class Return Airfare Shanghai to New York.
A. i)
Return Airfare Economy Class Shanghai to New York
(Stop Over in London)
Minimum: $1514 British Airways (1)
Maximum: $4502 Japan Airlines
Flight Details (2) in Brief:
Depart December 4th 2008
Pudong Airport 10:55am
Arrive JFK 9:50pm 5th December 2008 Return January 6th 2009
Depart JFK 8:40am 6th 2009
Arrive Pudong Airport 7th January 9:25am A.ii)
Additional costs: (3)
Travel Expenses Yanchang - Shanghai
140rmb Approx Return
Meal Expenses during Travel
100 rmb Approx
Overnight Hotel Stay required Shanghai
Hotel December 3rd : Undetermined.
Note: (4)
There may be a need for an overnight stay near JFK in New York.
Still need the hotel rates from Group 5
[The footnotes go under a line at the bottom of the page.]
1. Photoshot of Flight itinerary: Appendix 4
2. Flight 168 British Airways: Appendix 4.
3. Appendix 3
4. It is unknown at this point where in New York the manager will stay and whether or not it will be convenient to stay the first night in a hotel near to JFK airport.
Question 4
4. Foreign Expert
You have invited a 'foreign expert' to come for 2 weeks to China to help you understand all the 'ins and outs' of setting up an office in China and forming a business association with an American company.
a) $14,093.75 for 2 weeks http://swz.salary.com
This page took us to a blank enquiry page - so I don't know how you calculated this amount of money.
b) $1514 - $4502 Appendix 2....
This is the same price as the bosses trip to USA BUT cost varies from season to season, and company to company, and economy, business, first class. Even time of day, even whether the flight is almost full.
Question 5
5. Passports and Visas
How and where can a Chinese person get a visa to travel to another country? What is the cost of arranging your passport with Chinese Government
Wed 11th March
It is still being processed.
What is the annual NET income in American $'s of the average American worker. - $63,091
What is his annual living expenditure. - $49,638 What is his tax rate per annum - how much personal tax does he pay. - $2233 Tax rate : 25% (??? $2,233 as 25% = Income of $10,000?????) The net income: - $11220 http://www.bls.gov/cex/ftp://ftp.bls.gov/pub/special.requests/ce/standard/2007/income.txt Note we now have 2 different figures for Net Income. Why????? What is the annual net income in American $ of the average Chinese worker? 12,108 yuan per annum or $1773 p.a. ( Net income = salary less tax) what is his annual living expenditure? - 7,182 yuan what is his tax rate per annum - how much personal tax does he pay? 10%
1. What salary does a fully qualified tourism manager receive in China - per annum. The salary of a qualified tourism manager=basic salary + allowance = 36000 Yuan
Source : Advertisement at http://www.lvyourc.cn/Job239388.html
2. What salary does a fully qualified tourist guide receive in China per annum.
500 to 800 (?) ,in addition, they can also have commissions and tips / How Much per Annum?
3. How many hours per week do these people work ON FULL PAY.
About 56 hours per week.
See: Shanghai Daduhui Travel Agency http://news.sohu.com/20061221/n247178147.shtml (as at 06/12/21) http://scholar.ilib.cn/A-QCode~kjjjsc200712143.html
4. How many days or hours in the year will they be on holidays ON FULL PAY.
Four (4) Weeks per year
8. Office rental
What does it cost to rent a reasonably sized Office in an upmarket section of SuZhou?
How much insurance must you pay in case of fire or flood. Upmarket section in suzhou
Suzhou highsalary Science and Technology Parks and Suzhou Industrial Park http://housing.jinti.com/housinglist.asp?areaid=2095&adtype=156 http://housing.jinti.com/2095/15672008/1412535.htm（Suzhou Industrial Park） http://housing.jinti.com/suzhou-bangonglou/112008-1867598.htm（Suzhou highsalary Science and Technology Parks） Links but no answer Insurance
The name :Heng li da comprehensive insurance business
Composition of the security policy： First, some of the property insurance Second, some of the liability insurance Policy rate First, some of the property insurance Second, insurance, the industry's own customers should be in accordance with the basic characteristics of the control insurance rates Third, the deductible requirements Rate regulation http://www.pingan.com/group/insurance/henglida.jsp
How much = how much money will you pay. This answer tells me what types of insurance. Do I need them all?
9. Equipment and Furniture
What does it cost to fill your new office with equipment? For Example: Telephone / fax machine / photocopier / water bottle / tea coffee making facilities/ Your desk / secretary's desk / paper, pens, rulers, staple machine, Computers. etc What will it cost to have professionally printed stationary (envelopes, letter heads etc) Provide a list of items and their cost.
Firstly: This question asks for the Cost of outfitting an office - so there must be an approximate cost provided.
Secondly: In providing the itemised list there are no explanations of what is provided, eg: the 105 /6 for Telephone = ?
Is this a price? Is it the purchase price of a phone? The monthly expenditure? The rental?
Calculator - Only one?
Desk - only one?
Chair - only one?
You need an approximate TOTAL cost of outfitting the office and an itemised list that shows how this price was calculated. Perhaps you forgot to include some important items.
items websites telephone 105/6 http://item.taobao.com/auction/item_detail-0db1-37f5d294d2b14bd91a7c3f571bd4780f.jhtml fax machine 760/10 http://item.taobao.com/auction/item_detail-0db2-6c3b5272ec8b9c4e778a59ffc6f79a44.jhtml laser printer 2450/20 http://item.taobao.com/auction/item_detail-0db2-6bed03879543bcb97a0293841c2d50b1.jhtml calculator 36/5 http://item.taobao.com/auction/item_detail-0db1-f01bc88e2dcf5056186eeda33510bb4b.jhtml drinking water machine 225/0 http://item.taobao.com/auction/item_detail-0db1-6c649b9a41af88563f0ef88f80b02a04.jhtml desk 388/10 http://item.taobao.com/auction/item_detail-0db2-06dbb9e8039f0efe47e0eb0ace330c75.jhtml?pm1=3 chair 130/10 http://item.taobao.com/auction/item_detail-0db2-a32f2eadad96b6db3d8feec9670ef7c9.jhtml bookcase 166/20 http://item.taobao.com/auction/item_detail-0db2-95c5dd605c6991c93ecb774c14ace745.jhtml paper A4(80g) 19/7 http://item.taobao.com/auction/item_detail-0db2-97fe3daf1901f22fddc199057873e9f4.jhtml pen 1 market ruler 4 market staple 12 market file 7 market cup 3 market curtain 35/5 http://item.taobao.com/auction/item_detail-0db1-03ac25e3c8982bd83a682ec825f174bf.jhtml laptop 6100 market desktop 4500 market air conditioner 2500 market envelopes 2 market
Still to be answered?
10.Professional Services:
You will need to retain a Lawyer and an Accountant and Advertising angency to handle all your legal accounting and advertising affairs.What fees areassociated with these. Lawyer: 3000RMB
Accountant:1500RMB
It depends on the economic level
Advertising agency:
It depends on. On the average: about two percent of the earning.
OK! Good so Far but: Is the 3000rmb for a Lawyer the annual fee, or one month consultation, or one time consultation, or the cost of having him draw up a contract?
The Accountant gets a set fee? Or a Percentage of your annual profits? Is it negotiable?
Advertising: 2% of earning refers to what? How much you earn per year? How much revenue is gained from an advertising campaign?
The Business world is not so simple as it sounds is it?
Get money and live free yeah?
But there are so many things to pay for?
Q. 11
http://ks.cn.yahoo.com/q estion Registered capital amount： International travel service at least 1.5 million. Chinese domestic travel service at least o.3 million Quality deposit： International travel service operate entry travel service pay o.6milllion exit travel service pay 1 million ; International travel service pay o.1million
http://www.9tour.cn/scenic/city3/4649/ Yes, the discount which tour operator will be given for his tour group is about 83% National Museum of China：Adults pay 30 RMB，adults group pay 25 RMB. When in special festivals(such as Children's Day ,Women's Day) ,the entrance fee is free for some people
Post code： 100006 Tel：86-10-65128901 Fax：86-10-65128986 Website ：http://www.nmch.gov.cn
11．License and fees http://www.lawinfochina.com/law/displayModeTwo.asp?id=1318&keyword=
Article 8. Tourist agencies of Category 3 may register andcommence operations only under the following prerequisites: Q. 12
Magazine Prices for 2008
Q. 13
Q. 14
From Huaxia Travel Agency (Tel: 0515-8187726 8222318 Address: Jianjun east road 62, Yancheng) Wage of staff: 500~1000RMB+reward Rent: +20,000yuan each year except water and electricity supply Vehicle: bus (whole bus or single) License: Advertisement: several thousand each year Tax: Insurance: Lawyer: Accountant: Guest accommodation: depends on what hotel you want
From China Youth Agency Wage of staff: +100~1000RMB+reward Rent: 1300yuan for two rooms each month Vehicle: bus (whole bus or single) License: no pay for annual, pay the liability insurance, which contact with the insurance firm, pay 200yuan for changing the license once 3 years (from Yancheng Tourism Tel: 0515-88356861) Advertisement: several thousand each year Tax: Insurance: 70~80yuan for bus company ; 1.5yuan each person for personal insurance Lawyer: no Accountant: no Guest accommodation --depends on what hotel you want
The example of travel rates: Beijing five solo tour (Holiday Air Travel Tel: 88308879) 1、 traffic: one plane, one-way train hard seat (sleeper need, when they make up the difference in the enrollment 130yuan/person),air-conditional tour bus; 2、 accommodation: double standard room (air-conditional, color TV, independent bedroom); 3、 meals: soup eight meals (4 dinners, 3 breakfast, self-catering on the train); 4、 insurance: travel insurance; 5、 price: 1090yuan/adult (<1.4m children 790yuan/person, including air tickets, parking spaces in Beijing, meals not including tickets, train tickets, do not account for bed )
(Yancheng Civil Aviation Ticket Office Address: 34 jianjun middle road, yancheng website: www.yccas.com) Mudu Suzhou, Tianmu Lake two-day tour (Yancheng “Four Seasons Tour” of the Commonwealth Tourism website: www.ycsjzl.cn) 1、 transportation: air-conditional tour bus; 2、 accommodation: double standard room; 3、 meals: eight meals soup 4、 insurance: travel insurance; 5、 price: 388yuan/adult (198yuan/child, not including tickets, do not account for bed)
Q. 15
创建时间：2009年3月20日
Q.16
Q16 1.Assume 100shipping container→500$(FootnoteA) 2.Lianyuangang→Boston 40GP 4000￥/container (http://ship.shippingchina.com/fclprice/index/index.html ) 3.8￥/container 4.Substandards goods→confiscated People involved→fined($10000-$20000) Pay double of the profits they earned to Gov. Compensation (FootnoteB)
FootnoteA
FootnoteB
http://www.hanjin.com/eservice/cn/demdet/chargeInquiryInput.do http://www.hanjin.com/eservice/cn/surcharge/inputNew.do http://www.chineseshipping.com.cn/yunjia/yunzhi.asp（中国航运网） Insurance fees decided by the value of commodity http://www.cscl.com.cn/info/contact.jsp（compensation） This is still a work in progress folks!
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