...Titan Union Accountants Titan Union Accountants Memorandum To: Farmer Joe, CEO, Three Little Pigs, Inc. (PIGS) From: Accounting Consultant Subject: Assessment of Impairment Date: January 1, 2003 I. Facts During this fiscal year, with the capture of the Big Bad Wolf, there is an increase of supply of pork and the market price of pork is on the decline. Although the market price for hogs is forecasted to stabilize within the year, Three Little Pigs, Inc. (PIGS) is dealt with the dilemma of whether they should impair their inventory of hogs, effective September 30, 2002. With three categories of hog inventory (live hogs for sale, developing animals, and processed pork products), PIGS is only considering to impair their inventories of live hogs and developing animals to be sold to third parties at market prices. Concerning processed pork prices, they are believed to be sufficient to cover production costs. II. Issues Management refuses to write off their inventory as they believe future stabilized prices will cover the losses from the previous quarters. However, specific scenarios must be evaluated to decide what the best solution is for PIGS to efficiently report their inventory. The issue is whether impairment should exist at September 30, 2002. If impairment shall exist, the question remains whether the impairment would be evaluated under the lower cost or market method on a total inventory basis, category basis, end product basis, or on an individual...
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...Re: Chocolate Manufacturers Association of the United States v. John R. Block, Secretary, U.S. Department of Agriculture; Samuel J. Cornelius, Food and Nutrition Service and U.S. Department of Agriculture 755 F. 2nd 1098 (1985) Facts of the case: The Food and Nutrition Service (FNS) of the United States Department of Agriculture (USDA), published a rule, for comment, that proposed a maximum sugar content specifically for authorized cereals used in the Special Supplement Food Program for Women, Infants, and Children (WIC Program) ( Chocolate Manufacturers Association v. Block). Under WIC, the USDA designs food packages reflecting the different nutritional needs of women, infants, and children and provides grants to state or local agencies to distribute cash or vouchers to qualifying individuals in accordance with the Departmental regulations regarding the quantity and type of food ( Chocolate Manufacturers Association v. Block). In addition to the rule, the USDA published a preamble which discussed the general purpose of the rule and problems associated with high sugar foods. Neither the proposed rule nor its preamble discussed sugar in relation to flavored milk, although the rule did include flavored milk in the list of approved food packages for women and children without special dietary needs ( Chocolate Manufacturers Association v. Block). Responding to public comments, the USDA deleted flavored milk from the approved packages list in the final rule (Chocolate Manufacturers...
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...Mr. Speed Alzheimer’s Case Study Erica Boozer HCS/245 January 7, 2015 Lisa Spencer Mr. Speed Alzheimer’s Case Study My name is Dr. Boozer. This is the case study of Mr. Speed and the condition of his Alzheimer disease. This memo will cover Alzheimer disease as a whole and resources of where more information about the disease can be found. This memo will also discuss any cultural issues that Mr. Speed may face having the disease and the impact Alzheimer’s has on society and its resources. Alzheimer’s is a disease that effects the central nervous system. According the livestrong.com, the loss of functioning brain tissue that occurs with Alzheimer disease initially causes problems with memory and learning. Personality, intellectual function and mood are greatly affected as the disease progresses. As Mr. Speed get in the later stages of the disease, it should be expected that he will lose his sense of self and present things that are going on around him (livestrong.com, 2015). In the early stages of this disease, Mr. Speed may not need any assistance with day to day activities. However as it progresses to where he experiences memory loss or trouble doing simple task such as paying bills, he may require some type of supervision (alz.org, 2015). More information such as symptoms, other systems of the body that Alzheimer’s may effect or what to expect in the different stages of this disease can be found on livestrong.com and alz.org. Alzheimer effects all races and ethnicities...
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...Strategic Management Case Analysis & Presentation Questions for the case memos: Case 1: The Chinese Fireworks Industry Discussion Questions: 1. If you were Jerry Yu, would you invest in a Liuyang fireworks factory? Why? 2. Is the fireworks industry a ‘sunset’ industry or an industry still worth being in for the long run? 3. If you were Jerry Yu, and you decided to make the investment, what would you do to win out in the competition? 4. If you were asked to provide advice to Liuyang Firecrackers and Fireworks Industry Department, as Jerry Yu, what would you say? Case 2: The Global Casino Industry Discussion Questions: 1. Examine the structure of the casino industry by using Porter’s five forces model. 2. What has been the effect of the changing industry structure on U.S. casinos? 3. What are the strategic groups in the casino industry? 4. Assuming your group as consultancy for the Macau government, provide some recommendations for the gaining industry in Macau. Case 3: McDonald’s Discussion Questions: 1. What situation did Easterbrook inherit when he became CEO? What are the current forces in the external environment that might affect the new CEO? 2. What source of competitive advantage does McDonald’s have, and is that position supported by its value chain and other internal resources? 3. What steps could Easterbrook take to fix the problems McDonald’s faced? 4. What other strategies did McDonald’s formulate to achieve a competitive advantage? Case 4: Apple Inc.: Taking...
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...CASE MEMO VERIZON COMMUNICATIONS INC: IMPLEMENTING A BALANCED SCORECARD By : Pallabi Roy (35) Pranjal Yadav (37) Rudra Prasad Banerjee (43) Sherin S Mathews (49) Sohini Banerjee (52) Srijan Sinha (53) Supratim Datta (55) By : Pallabi Roy (35) Pranjal Yadav (37) Rudra Prasad Banerjee (43) Sherin S Mathews (49) Sohini Banerjee (52) Srijan Sinha (53) Supratim Datta (55) CASE SUMMARY Company profile: Verizon is a global leader in delivering innovation in communications, information and entertainment. It has close to 90.0 million customers. 130 million customer connections (wireless, wireline, broadband and TV) are served every day by them. It has its headquarters in New York City and Operations Center in Basking Ridge, N.J. Its key products and services are: * Wireline voice and data services * Wireless services * Publishing of print and electronic directories Company Evolution: Originally, before the passage of the Act, Bell Atlantic, NYNEX, and other “baby bell” companies were formed. Then in 1996, Congress passed the Telecommunications Act which aimed at deregulation in the telecommunications industry. The total value of mergers and acquisitions had increased considerably after the passage of the act. Soon after this, Bell Atlantic / GTE merger was announced. The entity thus created was named as Verizon. Verizon had more than $22 billion in cash flow. * It had $6 billion revenues and 260,000 employees * It was the largest...
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...Case Memo of Roche Group Members: Cai Aiyong, Gong Haoran, Song, Shizhong, Li Wei, Zhou, Wenjun 1. Why is Roche seeking to acquire the 44% of Genentech it does not own? From Roche’s point of view, what are the advantages of owning 100% of Genentech? What are the risks? (1) reasons and advantages are as follows: A. Genentech had become an important part of Roche’s business, representing 24% of Roche’s pharmaceutical product sales in 2008. Several of Genentech’s pioneering products achieved very strong market positions due to their medical differentiation, commanding high prices. Products originating from Genentech represented 46% of total sales of Roche’s 20 top-selling drugs on a worldwide basis. Avastin, for example, accounted for 14% of Roche’s total pharmaceutical sales in 2008. The market had many “me-too” drugs, which were similar in composition and treatment to existing products, and relatively little innovation. Given the lack of success in bringing new and innovative drugs to market, many pharmaceutical companies were also seeking to diversify from the prescription drug business by acquiring generic-drug companies. B. Genentech was increasingly coming into direct competition with Roche in several U.S. markets. In developing small molecular products, Genentech had begun to encroach on Roche’s traditional territory, while Roche was preparing to launch products in the U.S. that would compete with existing Genentech products. A merger of the two companies would...
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...Google Case Memo 1. Culture at Google a. Diagnose the culture at Google. From the material provided, I believe that Google has a very unique culture that can be thought of as a very strong customer-responsive culture. Their company motto is “Don’t be Evil” which exemplifies their goal of developing products in the best interest of the customer. Although they deal with their customers in a virtual world, they have increased customer satisfaction through their innovations that are developed in order to improve the usefulness and efficiency of their products. Additionally, Google encourages innovation within its organization. Engineers are allowed to spend 20% of their time to work on “pet” projects, which has cultivated numerous projects. Some of the more successful projects include Google Earth, Gmail, and Google mobile which allows customers to get answers via text(Google gears down). Furthermore, this empowers the employees of Google to create and improve effective products that will increase the convenience and satisfaction customers will experience when using the internet. Google seeks to eliminate hierarchical structures by dividing employees into small teams that work on certain tasks. Also, Google offers employees with incredible perks that set them apart from other companies and increases job satisfaction and motivation within their employees. For example, there is free food, free fitness center, and a free doctor on site that the employees have access to. Google is...
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...1. Why are investors excited about Netscape? What is Netscape’s business model? What must Netscape accomplish if it is going to be successful in the long run? What are the risks Netscape faces? Marc Andreessen, along with the other founders of Mosaic, accomplished what other Internet providers before failed to do: they created a Web browser that did not require the user to have expertise in HTML coding. Mosaic’s user-friendly click-and-point interface allowed for a wider customer base. After purchasing the licensing rights of Mosaic from Spyglass, Andreessen’s newly formed Netscape Communications Corporation looked to expand the popularity of the software. Netscape’s founders followed the business model they used at Mosaic that created a 60% market share for the firm. Netscape initially gave the software away for free, hoping to generate demand for the product and later be able to sell it. This model allowed the company to gain 75% by spring of 1995. Through the product’s success, Netscape was able to handle the first immediate risk to the firm: to eliminate competition from Spyglass’s Mosaic software. Netscape was the first mover in combining a user-friendly web browser and also a comprehensive server system for companies to conduct business online. Like any first mover, Netscape faced the risk of new entrants into the market. American Online and Prodigy came out with their own Web browsers. Companies like Compuserve and Microsoft purchased licensing rights from Spyglass...
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...VALUE: Tesla creates value by having attractive features such as a sleek, distinct design, giving them a differentiation advantage. They possess leading technology and a state of the art production facility, which lowers costs of producing Generation 3 vehicles. Tesla creates customer value through an online community and unique marketing strategy. Their cars run on alternative energy which creates value in the eyes of the customer as rising costs of gasoline make consumers less price sensitive to purchasing an electric car. Increased environmental awareness increases value of its products as individuals are concerned with their carbon footprint. RARE: Rare geographically, as they are mainly centered around growing cities with wealthy consumers. Rare in terms of physical structure as there is no other premium, electric, sports car like it in the world. Tesla's are also rare in terms of availability as they are self-operating and distributing. IMITABILITY: Tesla possesses deep intellectual property protected by patents, making their designs and methods hard to imitate. They have a competency in designing and building engines such as the S platform, electric power train, and cell to battery progression. Although the rising interest in electric vehicles could threaten Tesla's differentiating factor, consumers considering purchasing an electric vehicle have limited choices, and Tesla offers the highest quality, justifying its high price. Tesla serves a niche market and...
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...2011年第14期（总第139期） 2011年6月16日 | | |期货合约规格发展研究[1] | | | | | | | | | |栏目：市场研究 | | | |作者：张丽芳 | |合约规格是影响合约流动性的关键因素，对合约的成败至关重要。在期货合约发展的历史上，对合约规 | | | |格进行调整已经是司空见惯的现象，根据不同的目的，有些期货合约进行了“瘦身”，有些期货合约进行 | | | |了“增肥”。近年来，商品期货mini合约竞相推出，使得合约规格开始进入人们的视野。本篇报告梳理了 | |编辑：朱晓燕 | |国内外期货合约规格调整的主要事件、归纳了mini合约的主要特点、分析了促使合约规格进行调整的主 | | | |要驱动因素，同时阐述了合约规格设计中需考虑的几个关键因素。 | 期货合约规格发展研究 | | | | | | |合约规格（Contract | |合约规格是影响合约流动性的关键| |Size）是指单一期货合约的货币交易价值。合约规格是影响合约流动性的关键因素，对合约的成败至关 | |因素，对合约的成败至关重要。 | |重要。1969年，CBOT为与COMEX展开竞争，开发了银期货合约。相比COMEX每手10000盎司的合约规格，CB| | | |OT新开发的银期货合约每手为5000盎司。除合约规格之外，其它合约条款均保持一致。CBOT的银期货合 | |...
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...Black & Decker Case Memo If you think Galli should pursue a build share strategy, what actions do you recommend? Does DeWalt idea have any merit? How about using current name? Remember you have at least three audiences to please: a. The end consumer, i.e. the Tradesman b. Retailer c. Nolan Archibald and GarydiCamillio Actions that I recommend to Galli: * He should focus on leading distribution channels which are “Two-step” and “Home Centers”. Respectively 40% and 25% percent of Professional-Tradesmen Segment sales are done through these channels as shown in Exhibit 2. Especially emphasizing on sales through Home Centers is essential. Although sales through Two-Step channels are more frequent than Home Centers, Home Centers are growing in importance. They can provide superior customer services, lower prices and stock a huge amount of products. Two-step channels, that are sales through distributors to independent retailers can also provide technical expertise, service, stock a large number of products and deliver promptly as in the Professional-Industrial Segment. It will also enable to reach plenty of retailers. This action will also help to decrease SG+A costs. Therefore all parties will be pleased. * While focusing on Two-step and Home Center sales, I am not saying that he should stop sales through other channels. Sales through warehouse home centers, membership clubs and farm outlets should also be carried out. Consumers should be able to reach B&D...
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...COURSE OBJECTIVES Financial and management accounting are more closely linked in practice than one might expect from reading traditional textbooks and the problems to be resolved often have income tax and auditing consequences as well. This seminar is designed to provide you with opportunities to apply general concepts and principles learned in intermediate and advanced financial accounting courses to new economic transactions and business decisions. Cases will be used to permit you to practice the skills you will need as a professional accountant whether in public accounting or private industry. In particular, this course is intended to refine your skills in researching the professional accounting literature to solve particular accounting problems, to arrive at defensible solutions where GAAP is vague or nonexistent, and to present your research conclusions in a professional manner. You will have opportunities to present your work orally and in writing. REQUIRED MATERIALS: A recent Intermediate Accounting text (Kieso used in Acct 315 & 414 would be fine) A recent Advanced Accounting text (whatever was used in for Acct 415-515 would be fine) On-line access to FASB’s ASC (accounting standards codification). The Department has purchase academic license so you can use the $850 “professional” version rather than the free version which has fewer bells and whistles. You can log on from fasb.org but it will take you to http://aaahq.org/ascLogin.cfm where you enter...
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...Participants Sect 01 From: Dr. Keith C. Jones Re: Written Case Project Guidelines In addition to the Live Case, students will work on “written cases”. These cases are designed to provide the students the opportunity to demonstrate their mastery of all marketing related topics and issues. Each student, individually, is required to prepare a 2 to 3 page single spaced typed solution to the case. The solution should be in the format of an executive memo and be very strategic action oriented. If there are questions at the end of the case, unless otherwise directed, questions should only be used as guidelines. Answering only those questions will not be appropriate. The write-up is to be a “management directive” for the company. It should specifically state what the actions of the company should be to operate within the specific situation. This should not be a recantation of the case. On the case days, students will discuss each of their solutions in a simulated boardroom environment. There is no one set solution to the case. The success in this situation for the student is his or her ability to support their recommendations. Students should provide support as to why they feel their individual solution is appropriate. Students are not to “update” the case. Do not assume the actions taken from the time of the writing of the case by the company are the appropriate solutions/approaches to the case. This can be misleading and create myopia. Each write-up should...
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...ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 3 2011 pp. 609–618 American Accounting Association DOI: 10.2308/iace-50029 A Series of Revenue Recognition Research Cases Using the Codification R. Mark Alford, Teresa M. DiMattia, Nancy T. Hill, and Kevin T. Stevens ABSTRACT: This series of four short cases is designed to help students develop the skills to research the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification and other authoritative literature. It also is designed to help improve students’ ability to analyze and critique the complex issues that often surround the accounting for revenue recognition. The case scenarios describe transactions in which students must decide whether, when, and how much revenue to recognize. The issues analyzed involve bill-and-hold, multiple-element arrangements, gross versus net revenue reporting, and sales incentives. The cases are also designed to improve teamwork and communication skills. The sequence of cases is intended for use in an intermediate accounting class that covers revenue recognition, or in a capstone class that emphasizes critical thinking and research skills. Keywords: revenue; recognition; codification; research. INTRODUCTION evenue recognition is one of the top causes for financial statement restatements (Whitehouse 2010). In addition, revenue recognition is an area commonly questioned by the Securities and Exchange Commission (SEC) staff in their review of public filings and resultant comment...
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...Mayo Clinic Case Study International Marketing March 18, 2014 The Mayo Clinic Memo To: Marketing staff From: Ethan Robinson cc: All Mayo Clinic representatives Date: March 18, 2014 Re: New Marketing Research Strategy New Marketing Strategy Attention Staff: The information contained within this memo will immediately go into effect. It is the responsibility of all staff to represent the Mayo Clinic brand in a uniform and responsible way so that patients and all who enter the clinic have a very positive experience. Word of mouth marketing has been our strongest ally and serves as a very powerful tool. In order to create a cohesive marketing research design strategy this memorandum will outline specific key tactics that must be employed. The Mayo Clinic’s CEO and board have decided to increase sales revenues to 100 percent over the next five years and that means we have much work globally to do in order to make that a reality. There will be many facets of the marketing mix that will need to be addressed in order to achieve this goal. The purpose of this marketing research is to gather information about the brand recognition, reputation, and appeal of the Mayo Clinic globally. As a brand we must exude qualities that will appeal to people internationally. There are several fundamental facts that describe why someone should chose the Mayo Clinic. The Mayo Clinic offers over 100 years of medical tertiary and quaternary care from civilians to world...
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