AccountingQueen
$16/per page/Negotiable
Hello I am doing a research for my project and I want to know if these info are valid or not. If possible, can you please let me know why its false and the evidence supporting it? Thank you. Please be clear and accurate with the answers, generous tip will be given if efficient!
These are the documents that are the resources.
http://www.exim.gov/
https://www.federalreserve.gov/datadownload/Choose.aspx?rel=h10
https://www.uschamber.com/global-initiatives
https://www.sec.gov/Archives/edgar/data/320187/000032018716000336/nke-5312016x10k.htm
https://www.sec.gov/Archives/edgar/data/320187/000119312516742029/d444471d424b2.htm
https://www.federalreserve.gov/datadownload/Choose.aspx?rel=h10
The following questions are:
Company X would like to expand its exports to companies in Tunisia. The companies in Tunisia would like to buy on credit from Company X.. Managers of Company X do not want to be exposed to this credit risk because their banks will charge them too high an interest rate on their lines of credit. The Export-Import Bank’s export credit insurance could help managers of Company X meet the credit requests of the importers. In return for insurance premiums paid by Company X to the EXIM Bank of the United States; EXIM would assume a significant portion of the credit risk that Company X would face from doing business with relatively unknown Tunisian companies. This would reduce the risk to the bank that lends to Company X. With the export credit insurance supplied by EXIM, Company X might now be willing to extend trade credit to the companies in Tunisia. Private value is created with the assistance of a government agency.
Between 2013 and 2016 the Yuan, the currency of the People’s Republic of China increased in value relative to the U.S. dollar.
Nike has footwear factories in all fifty states of the United States.
Protectionist trade polices put upward pressure on the NIKE’s costs of doing business.
The Export-Import Bank of the United States extends will provide financial guarantees to banks that extend working capital loans to qualified U.S. companies. The purpose is to help these companies secure the working capital needed to expand into overseas markets.
The U.S. Chamber of Commerce is an active supporter of isolationist trade policies.
NIKE IHM, Inc produces “Air-Sole” cushioning components in Oregon, Missouri, China and Vietnam.
For fiscal 2016, non-U.S. NIKE Brand and Converse sales accounted for less than 30% of total revenues.
According to the U.S. Chamber of Commerce; the domestic market represents so much more potential than overseas markets they are advising U.S. companies to focus on interstate trade rather than international trade
According to the U.S. Chamber of Commerce; 1 out of 3 U.S. manufacturing jobs depends on exports.
EXIM loan guarantees can help companies pay for goods to export and to pay for materials needed to manufacture goods for export. overseas.
Nike prides itself on manufacturing most of its footwear in the United States.
Between June 22nd, 2016 and July 6th, 2016, the British Pound lost over 18% of its value relative to the dollar. This was likely due to Donald Trump winning the nomination of the Republican party.
The mission of the U.S. Chamber of Commerce is to weaken the competitiveness of foreign companies that compete with U.S. companies.
The NIKE “futures ordering program” is available to retailers both in the United States and outside of the United States.
British goods became relatively less expensive for U.S. importers of these goods in 2016 based only on the change in the exchange rate between the two countries.
The Nike “futures ordering program” allows retailers to lock in price/quantity and timing of footwear deliveries up to five or six months into the future.
The mission of the Export-Import Bank of the United States is to prevent U.S. citizens from buying goods imported from other countries by imposing high tariffs on these goods.
The dollar weakened against the British Pound in 2016.
During fiscal 2016, NIKE’s three largest customers outside of the United States accounted for approximately 13% of total non-U.S. sales.
Between June 22nd, 2016 and July 6th, 2016, the British Pound lost over 18% of its value relative to the dollar.
The three-international brand office of NIKE are in Vietnam, Australia and Egypt.
The Export-Import Bank of the United States is funded by funds raised from the corporate income tax.
EXIM Export Credit Insurance protects exporters from non-payment by importers. By lowering the risks of non-payments managers can be more aggressive in their overseas expansion plans.
In fiscal 2016, contract factories in Vietnam, China and Indonesia manufactured approximately 7%, 6% and 2% of total NIKE Brand footwear, respectively.