Course:Business Law

Frontier Entertainment Pty Ltd is a company that trades under the name “Concert Connections” (CC). In January of 2019, CC negotiated and arranged for an international acts to tour Australia in 2021.

On 15 September 2020, Tammy purchased from CC two tickets to the Ed Shearer concert in Brisbane on 07 January 2021. The reality is that as at 15 September 2020, due to the current COVID – 19 pandemic, it was highly unlikely that the Ed Shearer concert would proceed.

Jane purchased 3 tickets to the same concert as Tammy however unlike Tammy, Jane purchased her tickets in January of 2020, at a time when there was every

expectation that the Ed Shearer concert would proceed as expected as at that time, the future impact of the pandemic had not been fully realised.

Has CC acted in breach of the ACL by selling Tammy and/or Jane tickets to the Ed Shearer concert?
Explain your answer

MURPHY WAREHOUSE COMPANY: Sustainable Logistics Richard Murphy Jr., the CEO of Murphy Warehouse Company, has spent a great deal of time analyzing sustainable ways to conserve resources, reduce costs, improve the well-being of his employees, and promote his company as an environmentally responsible logistics provider. Murphy also realizes that the benefits of sustainable projects must be weighed against the costs and payback periods of these investments. . • Richard Murphy Jr. is the CEO of Murphy Warehouse Company, a family-run company that began over 100 years ago. • He has responsibility to maintain the financial viability of the company that is now in its fourth generation of family ownership. • One of his biggest challenges is to understand how the company should adapt to a changing business environment while conserving the company’s financial resources and protecting the core business model that has sustained it for so long. • One major force in the current business environment is the sustainability movement, which focuses on the responsible use of natural resources. • Richard Murphy, you are trying to find the opportunities to adopt sustainable practices that also make financial sense to Murphy Warehouse Company. • He has successfully implemented several sustainable projects in his company • He is now faced with deciding to invest over a half million dollars in a stormwater project that presents an unusually long payback period. It is a complicated decision that involves high expense, multiple tangible and intangible variables, and a fair amount of risk that something might go wrong. What do you do? • One of Murphy’s biggest challenges is to understand how the company should adapt to a changing business environment, while conserving the company’s financial resources and protecting the core business model that has sustained it for so long. • A major force in the current business environment is sustainable (green) practices, which focuses on the responsible use of natural resources. • The case depicts Richard Murphy trying to find new opportunities to adopt sustainable practices that also make financial sense to MWC. One of the main goals of the case is to move away from the mindset that green practices are primarily for businesses who are willing to sacrifice sound financial decision making models to pursue ethical and moral imperatives to “do the right thing” for society and the environment. The case strives to show how sustainable practices can be part of running a business that can tout its environmental achievements while maximizing long-term profits. The case provides financial details on the conversion of lawn to prairie so you need to calculate a payback period that shows this project made financial sense 2 The lawn to prairie conversion also introduces several intangible and less quantifiable important benefits, including the reduction in the urban heat island effect, the attractive natural buffers between MWC and adjacent properties, and the attraction of wildlife to the area. Murphy has also gained a great deal of positive publicity for his prairie conversion project by sharing his experience at professional society meetings, local universities, and print media publications. Other projects at MWC that are described in the case provide further evidence that sustainable investments and profitability can go hand in hand. • The purchase of dock blankets • Upgrade in the lighting systems • Painting the ceilings white These are examples where green initiatives and disciplined financial decision making can be complementary. The decision point of the case-when Murphy is evaluating the feasibility of the stormwater project You need to evaluate the pros and cons of the stormwater project, considering both tangible and intangible factors. The payback period should be calculated, using the numbers provided in the case. Your team needs to discuss whether the significantly longer payback period can be justified (compared to traditional business practice and to previous projects at MWC). You need to show that sustainability is part of the “continuous improvement” management philosophy. You can see that the case demonstrates this by mentioning Richard Murphy’s explorations of new energy technologies in solar, wind, and geothermal. He seeks partnerships with local utilities and researches government incentive programs that enhance the financial returns for businesses that adopt green practices. Making sustainability part of on-going company culture and management practice is promoted by the USGBC, LEED, and ISO 14000 organizations, as described in the case. The case also mentions several times that sustainability practice is a necessary part of being a player in the competitive marketplace in terms of attracting clients and building positive public relations.

Can you please Recommend what steps should the CEO take?

On November 10, 2020, Singh Electronics began to buy and resell scanners for $64 each. Singh uses the perpetual system to account for inventories. The scanners are covered under a warranty that requires the company to replace any non-working scanner within 90 days. When a scanner is returned, the company simply throws it away and mails a new one from inventory to the customer. The company’s cost for a new scanner is only $44. Singh estimates warranty costs based on 20% of the number of units sold. The following transactions occurred in 2020 and 2021 (ignore GST and PST):

Required:
1. How much warranty expense should be reported for November and December 2020?

2. How much warranty expense should be reported for January 2021? (Round your intermediate calculations and final answer to the nearest whole number.)

3. What is the balance of the estimated warranty liability as of December 31, 2020?

4.What is the balance of the estimated warranty liability as of January 31, 2021?

. Prepare journal entries to record ALL transactions and year-end adjustments (ignore sales taxes). (Round intermediate calculations and final answer to the nearest whole number.)

Scenario

DoEpicStuff started as a 3 person start-up. Two of these three people wrote code. Each coder would create database tables as needed. There was no naming convention for the database tables or the fields of the table. There was no established process for checking whether the two tables had fields in common and in that case whether they had the same name or the same data type. The coders were free to add columns to (or even drop columns from) each others tables. This caused unexpected code failures.

DoEpicStuff managed to get funding from investors and added more staff very quickly. The new coders would write code that reference tables created by the earlier two employees. Their code often contained bugs because they assumed data that referred to a certain field would contain the same type of data in another field with the same name in a different table. They also acquired some new contracts which required handling sensitive information. The CEO instructed each employee as to what data in which tables they could access, but there was no mechanism for enforcing it.

DoEpicStuff acquired some valuable data repositories from another start-up, BellyUp, that had just gone bankrupt. Data from BellyUp was also referenced in some of the code. But there was no effort made to ascertain the data quality of this data. Indeed, the data collected by DoEpicStuff overlapped with some of the data from BellyUp but no effort was made to determine which of the over-lapping data was more current or which should be trusted. Individual coders decided on a ad-hoc basis whether to use data from BellyUp or from DoEpicStuff.

Some of the coders aggregated data manually from some of the tables and entered them into other tables. But after a while no one could remember where this aggregated data came from. Because of employee turnover it was unclear who had done which part of the aggregation.

The sales and marketing team of DoEpicStuff needed to prepare some marketing material and needed accurate statistics to be included in the marketing material. But they had no one to turn to find out which data was accurate and current.

1. Identify as many problems as possible with how DoEpicStuff manages its data assets, with a one or two sentence explanation of why you think each problem you have identified is a problem.
2. Provide a suggestion for a set of data governance policies that will fix the data management problems you have identified in Step 1. For each policy you recommend, clearly identify the problems it will fix and with a two or three sentence justification for why you think it will fix these problems.

answer the following question and back up your answer with logical reasoning.   Include a comment to EACH of the 5 critical pieces of ethics （INTEGRITY, OBJECTIVITY, PROFESSIONAL COMPETENCE, CONFIDENTIALITY and PROFESSIONAL BEHAVIOR） minimum of 200 words.
; how they would be disregarded, and what would make it right?

You are a CIMA (Chartered Institute of Management Accountants) member who is a non-executive director of a large services company. The board of directors meets on a monthly basis to discuss the quarterly forecast and other business issues.It is the responsibility of the finance director to distribute papers at least two weeks prior to the date of the meeting. These papers should first be signed off by the CEO. Recently documents have only been received a day before the meeting. You have raised this with the finance director who has stated the delay is due to the sign-off by the CEO. You do not feel that you are given sufficient time to review the papers, and also believe the information that is available is not complete and therefore difficult to fully appraise. The CEO is a very dominant character and many members of the board are nervous about broaching the matter. What would you do?

You will be conducting research for Mcdonald and providing analysis on how the economy is doing. You are going to act as a consultant and provide economic research using 2-3 different data indicators/points. You are going to find two relevant economic data indicators(examples, unemployment rate, inflation rate, employment rate, GDP, producer price index….etc) that are relevant to your industry and evaluate how the industry is going to be doing in the next 6 months given the economic data and forecasts that you have evaluated. You are going to be consulting with the CEO to give him your predictions and what he should plan on doing in his job given the current economic situation. Make sure that you are clear and concise with the data indicator that you selected and why you selected it. You will need to make sure to focus on how the data indicator will focus on the industry that you selected and the decisions that businesses will be facing in the upcoming months with your advice. The CEO is relying on your evaluations to make sure that his company does well. You will be graded on the quality of your argument to the CEO, use of data indicators and application to industry, analysis of content

1. Suppose we have two sets of prediction for the inflation rate for next year: one from a random sample of Fortune 500 firms and another from a random sample of university economists. At 0.05 level can it be claimed that on the average university educators are predicting a higher inflation rate for next year than the major private businesses?

1. Formulate the hypothesis (H₀ and H_a) and describe each in nontechnical language and in mathematical form. (5 pts)

2. Show the mean, rejection region, and the critical value(s) on the following graph. (6 pts)

Show the equation for computing the standard error.

3. What is your decision and why? (4 pts.)

4. Provide a conclusion in non-technical language (5 pts)

Facebook provides a variety of statistics on its website that detailed the growth in popularity of the site. one such statistic is that the average user has 130 friends. consider the following data the number of friends in the SRS of 30 Facebook users from a large University.

99 148 158 126 118 112 103 111 154 85 120

127 137 74 85 104 106 72 119 160 83 110

97 193 96 152 105 119 171 128

a. do you think these data come from a normal distribution? use a graphical summary to help make your explanation

b. explain why it is or is not appropriate to use the procedures to compute a 95% confidence interval for the true mean number of friends for Facebook users at this large University.

c. find the 95% confidence interval for the true mean number of friends for Facebook users at this large University.

Snell Ice Cream Company is designed as a technical organization to attain specific goals throughout the sixteen regions of Ghana. As a Management Consultant, you have been engaged by the Chief Executive Officer of the Company in Accra, to provide consultancy services on the process of management which he/she considers as a key tool needed to be applied throughout the sixteen regions to accomplish the Company’s goals.

Write a Report to the CEO of Snell Ice Cream Company describing to him/her the process of management and explain how it can be used to accomplish results in the Company

At least 2pages. The Subject is Principles of Management.

You manage a company located in the U.S. and the profits you report to your shareholders are in $US. Today your company signed a contract with a Canadian company to import computer parts from Canada with delivery 6 months from today and with the price of the parts in Canadian dollars. You will use these parts to build computers in the U.S. and sell the computers to a Japanese company. You have also signed a contract with the Japanese company today specifying the price per computer in Japanese yen for delivery in one year. There are future contracts in Canadian dollars and in Japanese yen, both priced in U.S. dollars per unit of foreign currency (e.g. $1.3 per Canadian dollar and $.01 per yen). Explain the exchange rate risks your company faces and how you would hedge these risks using futures contracts