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PEER FEEDBACK SHEET: ASS#1Feedback From: Iris Onvlee - C0005397Feedback To: Sharon Field My CommentsStep 1KCQsThis step was very thought provoking and thinking back to when I completed my Step 1 this term. Thank you for opening my eyes to what you have written here. I like how you have used the past to help predict the future analogy and the framework which you have related to.Step 2KCQsYour analogy here using how you have succeeded over the year show the reader that you have made valuable ground. You have cemented your learning and now you have a focus on the end. The 4P’s of marketing leaves us with some great thought and how using Richard Branson as an example shows how you have related it back to how people are treated.Step 3It was great to see how you related my company with yours and used the following as a discussion point. I can understand your confusion. My company is based in China also and the economic playing field is somewhat different to its capitalist counterparts. So, what are the real drivers? Is your company state-owned like mine? My thoughts on the fashion industry is that fashion is fleeting and ever changing. It’s so hard to predict the demand. I’m curious about the e-commerce being limited to Wechat when the rest of the world has Boohoo, Iconic, Amazon, Ebay and Facebook and their ability to remain competitive. I also noticed in the financials the high cost of selling and distributing and wondered if that was due to tarrifs and embargos. I also saw in the Balance sheet some weird bank deposits, sort of like my company, which I think is somehow related to the Chinese government policy. Is some of your company financed by government grants and have obligatory payments to the government also? I’m finding it difficult to understand the Chinese business culture and how companies conduct business and how can the financial statements reveal the real picture.Knowing that my company was incorporated in the Cayman Islands has left some speculation on my part on why the company has such a weird way about doing business.Background information on companyComments/KCQsComments on other’s blogsStep 4N/AInput company’s financial statementsStep 5Restated Income statementRestated Balance sheetCommentary & discussion with othersYour commentary to your restated Income Statement and Restated Balance sheet are very informative. Your work in this area gives the reader an understanding of what you have completed within this area.Step 6KCQsThis part of your blog was very good. I liked how you have referred to the different formulas that will be used within this assignment. You have shown us that your focus within this assignment and the country in which your company operates needed to change from a democratic focus to a communist focus.Step 7Calculation of ratiosN/AOverall ASS#1Overall you blog. I couldn’t find your spreadsheets to look at.Note: Please use this sheet as a guide. There is no need to provide feedback on each step of ASS#1. For example, someone may have little or no draft work completed for one or more of the steps prior to asking for your feedback. ................
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