...Shareholders and Employees The company with which you are currently employed is experiencing a financial crisis. The chief financial officer (CFO) has suddenly resigned and no one is discussing the reasons. The U.S. Securities and Exchange Commission (SEC) is investigating your company’s accounting practices and, from the documents they have requested, the issue seems to concern revenue recognition. Rumors are beginning to circulate that suggest inappropriate behavior on the part of your company. The organization is a publicly traded company and, as such, the company is required to issue a public notice concerning the sudden vacancy of the CFO. As a certified public accountant on the team drafting the notice, you are involved in communicating the current situation to the general public. With the current economy being at an all time low and the housing market being filled with foreclosures we have found it difficult to sale homes and lease commercial spaces for our clients at the price they would like. Although they understand that the market is not as it once was it will turn around for everyone eventually. During this time we still have a business to run, and with the rising operating cost and smaller revenue it raises questions as to how well we are actually doing. That said, we are a staff without a leader in the accounting department. This sudden departure has raised red flags to many staff members. We have no reason as to why this is being done and we have SEC investigators...
Words: 642 - Pages: 3
...to assess which company create or destroyed value for investors, it should be included to the value analysis, which means using value ratios to show the “embedded value” in stocks in order to screen and assess the invest value before making investment. So in our case report, we will solve three case issues: (1) To make value analysis of the pairs of Asian and American firms in different industries; (2) To understand how to use EVA, such as the differences between EVA and other financial ratios, advantages and disadvantages. (3) To make value comparison analysis among different industries and market conditions, try to find the reason behind the result. 2. Evaluation of value analysis tools---EVA Economic value added is a quiet new performance measure, which was invented by G. Bennet Stewart and Joel Stern. Simplified, EVA is a measurement tool that determines if a business is earning more than its true cost of capital. This measure is used in managerial purposes, because it gives managers a clearer idea of whether they are creating or destroying shareholder wealth. There are many value drivers that need to be managed, but there can be only one measure that demonstrates success. A single measure is needed as the ultimate reference of performance to help managers balance conflicting objectives. When we are using a NPV value we need to see at result of IRR (Internal Return Rate) for which we use the same period as we used for NPV. It means that we can’t see clear...
Words: 2179 - Pages: 9
...Marketing Objectives 11 3.3 Financial Objectives 11 3.4 Target Markets 11 3.5 Positioning 12 3.6 Strategies 13 3.7 Marketing Program 13 3.8 Marketing Research 14 4.0 Controls 14 4.1 Implementation 15 4.2 Marketing Organization 15 4.3 Contingency Planning 15 5.0 Conclusion 15 Reference Page 17 Appendices 18 1.0 Executive Summary Lele is a newly established cleaning products manufacturer. Lele will start off with carpet cleaning product hoping to gain customers trust and expend on it. In addition to cleaning product at this time carpet cleaner Lele is planning to have website with different forms of education for end users. There will be numerous web clips, trick blogs and news. Although there are many well known cleaning companies and cleaning products manufactures on the market today, Lele has advantage because Lele will produce eco friendly and green products that are just starting to gain customer attention and hope is to make it while it is still fresh. Lele will work on growing its product menu as feedback and customer input is rising. Website and open discussion will help Lele in gaining some additional ideas and tips. Lele is hoping to gain extra knowledge and user’s desires for future development. Plan is to use local markets to distribute the product as well as some direct customer interaction via online store. Lele has a good group of knowledgeable people. This group of people has...
Words: 3448 - Pages: 14
...2012/2013 Introduction: Global Economic & stock market Performance: Mixed signals January 2013 is a great month for stock market. Since January, the stock market goes up, so maybe this stock market bulls will keep running in the whole year, especially, the Dow Jones Industrial Average is increasing dramatically, from 12520 in July 2012 to 14275 today. Source: Google Finance One potential reason for the optimism is a positive sense of global economy in the future; the euro zone is not going to break up, because in September 2012, European Central Bank promised unlimited bond-buying to keep the euro together; China has avoided a hard landing, America avoided falling off the fiscal cliff. Additionally, Federal Reserve agreed to keep interest rates down to help encourage investment and decrease the unemployment rate. Based on the above economic performances, we can argue that the share prices will go up, because the global economy is recovering from recession. Since the bonds yields will keep running low in 2013, investment in equity market is a more reasonable choice. However, market risk and uncertain can never be ignored. The biggest reason for caution is the gap between stock-market optimism and economic reality. The gap is widest in Europe: Euro-zone may keep the single currency, but its economies are still in deep trouble: the IMF expects the euro-zone economy to shrink by 0.2% this year. It will a long to go to get rid of recession. With more fiscal austerity ahead...
Words: 4577 - Pages: 19
...interest to keep power; how well does the 1 percent of America represent my interest? I say it is a 50/50 relationship. They like money and power, and they, would do whatever it takes to keep it, so the decisions keep business as usual helps keep people employed but at the same time business as usual can mean the opposite. Money equals power, and I believe that, there (Americas 1 percent) interest to keep making money and to keep power they would do what’s required to keep our economy going witch mean job security for right now. Job security is something scares right now, and economy is not getting better. When the upper 1 percent of America that’s controls large businesses that employee a majority of our community decide to move to another country to save money that is when we (community) have conflicted interest with the upper 1 percent. Interest and conflict is something happening all too much now a day. America’s general public is not much different from the upper class when it comes to interest. The upper 1 percent wants to make money and so do the general public the only difference is that if the upper 1 percent decides to take their assets to another state let alone another country our general public will end -up with conflict. This is just one of the main reasons our economy is hurting, and our general public unemployment rate has gone up. It is a 50/50 relationship, the one thing Americans like is money and there, is never too much of it. We as a community...
Words: 1032 - Pages: 5
...http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) FINANCIAL POLICY, PART “A” Financial Policy We always try to keep medical services costs reasonable and you can help us in great deal by eliminating the need for us to bill you. The following is a summary of our payment policy. All Payments is Expected at the Time of Service: All the payments are required at the time services are rendered unless some other payment arrangements have been made in advance. This includes applicable coinsurance and copayments for participating insurance companies. The XYZ Medical Practice accepts cash, personal check (in United State only), VISA, and MasterCard. There is a service charge for any returned check. The patients who have an outstanding balance of 60 days past due must make arrangements for payment before scheduling an appointment. We understand that some people have financial difficulty; therefore, we may advise them that they seek their child’s immunization through a clinic or health bureau. Insurance: We bill participating insurance companies as a courtesy to you. You are expected to pay your deductible and copayments at the time of service. If we have not received the required payment from your insurance company within 45 days of the date of rendering service, you are supposed to pay the balance amount in full. You are responsible for all these charges. HCR 230 Week 9 Final Design a Financial...
Words: 5149 - Pages: 21
...Technology and state of the art equipment has helped the organization grow over these years. Some of the research techniques that we use in our office are Google searches on many every day duties. The company uses many search engines and online software data programs to keep the company in compliance with every day duties. On a daily basis we use Google or yahoo to search many different businesses. Doing business in agriculture can get really tough since commodity business is very unpredictable. When doing business with new customers we like to do a full check on if they have a website available and also check their credit references with other customers they do business with. With commodities it is not something that you can repossess if not paid for since it is consumable. Management There are managers that are assigned to different departments within the company. The operations manager is in charge of making sure the business is running smoothly. The operations manager is constantly on top of all training for the employees within the company. This manager is also in charge of all safety training. We utilize online training for a group of employee’s to watch together so that we save time and money on training. There are always new training safety techniques and problems that arise and we constantly are checking and researching on line to keep out business in compliance and safe. Human Resources The Human Resources department is in charge of many duties. Some...
Words: 803 - Pages: 4
...the customers? Sheraton Towers Hotel is classified into the user organization and wholesaler which is included in Commercial customer as we purchase the goods, materials and service to support our production process. We widely offer the customers both the products i.e. food and beverage, gift shop and the luxury experiences i.e. Guest services, business services and entertainment service. 2. How do think about the role of dinning in Sheraton Towers and how many restaurants does it have for dinning services? Of course it takes one of the very crucial roles in our organization. We have the Banquet services for events such as weddings, dinner and dance parties and big meetings, Pool Bar, Lobby Bar, The Dining Room, DOMVS and Li Bai. 3. Among them which dining division will attract other industries and organizations? Among them the Banquet department will have more B2B tractions with other industries because we offer the services of holding the organizational events. 4. Does the company’s classification affect the buying behavior of Banquet? How does it affect? What is the purchasing process of it? Of course, it does. We have to purchase the huge amount of the raw material and goods for our food and services. We have to consider their quality. In the case of introducing new dishes in menu or new types of events, we will need to deal with new suppliers for food ingredients and decoration services and our procurement department has to analyze the new suppliers...
Words: 2845 - Pages: 12
...Labor strikes ACTION PLAN FOR YEAR 7 AND BEYOND In order to maintain a competitive net income, we need to increase our prices accordingly to maintain profit levels. To maintain the lowest UPC, we need to maintain funding to training and development and possibly increase to yield increasing productivity with the same amount of workers. To keep our stock prices competitive, we should keep releasing dividends and issuing stocks. To deal with storage costs, we can make an attempt to better forecast our demand for our products, so we can ship only what we need in order to sell. If we can do this, then we can potentially lower our storage costs and transportation costs at the same time. As we ship fewer products, we have lower transportation costs. We can use market segmentation to further target consumers that we are currently not marketing to, that are likely to purchase our product. We can hire industry leading fashion designers to help target the markets that we wish to expand to, in order to have a higher chance of success. We can use our R & D budget to have celebrities endorse our brand for the market segments we are trying to target. If other companies also outsource their manufacturing plants, their products will also be competitively priced as their unit production cost will most likely decrease as well. This can affect our sales and net income if other companies outsource and decrease their prices even though they are...
Words: 563 - Pages: 3
...United States corporation it is our responsibility to give our consumers the best quality product. We believe that children deserve the best material to sleep in while being comfortable. Due to the changes in the ANSI standards we have to decide what we are going to do with the material received from our supplier. If we are to use the material here in the U.S. we risk several ethical issues which would lead to us to fines and possible lawsuits. According to “The Advantages of Ethical Behavior in Business by Brian Hill”; the author listed several reasons as to why having ethical behavior is important in business. The author listed the following reasons as to why being ethical is an advantage: it builds customer loyalty, retain good employees, create a positive work environment, and avoids lawsuits. First, by a company having ethical behavior it looks better to the customers and gives the company a more positive image in the marketplace. A company known as an ethical company helps when customers give referrals to friends as whom they should by products from. Second, retaining good employees is important. Good employees want to know that they company is honest with them as far as what could cause harm to their livelihood. A company needs to be fair and open in all of their dealings and by doing so they have a better chance to retain the best employees. Third, an ethical company creates a positive work environment. It is part of the workplace for employees to report unethical behavior...
Words: 1045 - Pages: 5
...generic competitive strategy that your team selected for your company. Include the following in your discussion: I utilized a purely online strategy, to minimize costs and emphasize product quality. By using only online centers, I was able to cut cost from having a physical location, and lower the overhead that I would have •? What actions were built into your strategic plan to achieve competitive and financial success with that strategy •? Why your team selected the strategy you used My mission was to create a product that was efficient and cost effective. We chose a narrow portion of the market, and provided only online sales. While we may have limited ourselves, we also eliminated a lot of risks. Our goal was not to be the most profitable nor competitive company, but merely to make a profit and pay the bills while providing a quality product, which we did. 1. Evaluate the effectiveness of your strategy. In quarter 8, we had a gross profit of 3,430,644, and a net income of 1,027,792 while providing a quality product. Our goal was to make a profit, while providing a quality product, and we did. C. Evaluate your team’s ability to identify competitors’ strengths, weaknesses, and strategies during the simulation. 1. Discuss how successful your team was in predicting your competitors’ next moves. My team was not successful in predicting our competitors' next move. Our goal was not to out-gun other companies. Our goal was to create a product, based off the market analysis...
Words: 933 - Pages: 4
...Management Planning Name Class Date Management Planning Verizon Wireless is dedicated to providing our customers with the best service, the latest technology, and the coolest new phones available. Planning plays a key role in this success. The future of our company is a very bright one, so long as we keep heading in the direction we are going. In order to do this, we must plan for changes in technology, and implement new ideas, updates, products to keep our company ahead of the curve and up-to-date on new trends. Situational analysis, step one, involves analyzing our current situation as well as past trends, helping us to decide what to do to improve our future business. For instance, in the ever-changing world, people are looking for speed, optimal service and products, and convenience. The next step in the planning process is to develop and analyze possible goals and plans, such as coming out with a new, advanced phone. When analyzing our goals we need to keep the SMART process in mind. This involves five different points to think about when analyzing our options. First is specific; goals that are precise, with particular favorable outcomes. M, or measurable, means the goal should “quantify the desired results”. This way, there is not a doubt as to whether the goal has been attained. Attainable, yet still challenging, goals should be set, giving employees the confidence to believe that they can make it happen, yet still challenge them to be creative and work hard to...
Words: 1138 - Pages: 5
...Functions of Management Before we can begin a discussion about management and the steps within it we need to first define what management is. One could start by saying that management is a process that involves the effective and efficient coordination of resources. With this basis established we can proceed to define the four management steps: the first step is planning, which is nothing more than the ways to determine the means and methods needed to achieve the goals already established. Second, the organization, it is important to create an order of how things will be done so that the organization has a roadmap to move forward. The third step is leading, this is wrapped into motivation, guidance and encouragement, at this stage people are driven to achieve the target. The fourth and final step, it is control, it help to measure qualitatively and quantitatively the implementation of the company policies and it helps to set the actions to take when the workforce is moving out of the set plan. It is very important to have the understanding that these four functions or steps are key to the success of any organization. The company I work for serves in the healthcare industry. It is safe to say that these functions are used daily to achieve the company’s goals and to keep the safety of our patients. Twice a month key management of the different facilities meets to review how we are doing and plan strategy that the company will follow to reach the goals and at the same time...
Words: 750 - Pages: 3
...Synergetic Solutions Memo To: From: CC: University Of Phoenix Date: 17 July 2011 Subject: Organizational Structure Synergetic Solutions is a company in the business of system integration assembling and reselling leading computers brands. Most of the employees work in the sales and services departments. The majority of the workers possess only basic computer assembling and trouble shooting skills. Two years ago Harold Redd, The C.E.O. got of synergetic brightness engineers trained and certified on network technologies. This was to design and implements complex computing networks. The move was positive they landed one order to design a network worth $ 1.2 million. Now 20% of the total revenues of the company come from the network solutions business. The C.E.O. decided to focus on the networking solutions business of the promising start. He wants to raise the revenue from the 20% to 80% of total sales. Harold Redd also want to measure the involvement in productivity and absenteeism, based in industry benchmarks. I as the C.O.O. have being given the change of transforming the company. I have to make Synergetic transforming the company. I have to make synergetic a “hothouse” in the network design. All within the next nine months, I have work with my team of advisors to come up with a change agenda. We have to define work flow processes to introduce a team based structure. Also define the competency of the employee to determine which development plan I am going to use...
Words: 1092 - Pages: 5
...Synergetic Solutions Memo To: From: CC: University Of Phoenix Date: 17 July 2011 Subject: Organizational Structure Synergetic Solutions is a company in the business of system integration assembling and reselling leading computers brands. Most of the employees work in the sales and services departments. The majority of the workers possess only basic computer assembling and trouble shooting skills. Two years ago Harold Redd, The C.E.O. got of synergetic brightness engineers trained and certified on network technologies. This was to design and implements complex computing networks. The move was positive they landed one order to design a network worth $ 1.2 million. Now 20% of the total revenues of the company come from the network solutions business. The C.E.O. decided to focus on the networking solutions business of the promising start. He wants to raise the revenue from the 20% to 80% of total sales. Harold Redd also want to measure the involvement in productivity and absenteeism, based in industry benchmarks. I as the C.O.O. have being given the change of transforming the company. I have to make Synergetic transforming the company. I have to make synergetic a “hothouse” in the network design. All within the next nine months, I have work with my team of advisors to come up with a change agenda. We have to define work flow processes to introduce a team based structure. Also define the competency of the employee to determine which development plan I am going to use...
Words: 1092 - Pages: 5
