There are many way to run a company. Many of us have seen outstanding leaders, but what makes those individuals successful in their positions. In these videos, Stanford professor Bob Sutton provides insight into the traits of those successful leaders and managers, and details the worst habits of those who we would like to forget.

Please view the following videos from Stanford University's Entrepreneurship Corner:

1. Hallmarks of Great Bosses; Bob Sutton, Stanford University [4 mins]

2. Power Poisoning; Bob Sutton, Stanford University [3 mins]

Use the video and consider the following questions to drive the discussion:

What traits stood out to you regarding those effective leaders, managers or executives? Have you been involved with such an individual? In what capacity?

What traits stood out to you regarding those leaders that failed? Have you been involved with such an individual? In what capacity?

After several months of negotiations, the CEO of BIG Pty Ltd made the long-awaited announcement to board members that BIG Pty Ltd would be buying Melbourne based company, YAY Pty Ltd for $25m. The following persons were present at the meeting: Helen and Liam (Company Directors) and Tammy (Receptionist taking meeting minutes). News of the take-over would not be released to the public until the following week.
(a) Assume Helen owns 50,000 shares in YAY Pty Ltd . Discuss whether she would be breaching any duties if she makes a secret profit of $500,000 from the takeover. What can Helen do to avoid breaching any duties?

answer structure

Issue: Whether Helen would breach any duties…
Rule: According to Hospital Products Ltd v US Surgical Corp…
Furthermore: According to Aberdeen Railway Co v Blaikie Bros…
Analyze: Here, the facts tell us…
Conclusion: Clear that Helen would be breaching Duty __   … (remember to also mention what she can do to avoid the breach)

Which one of the following best fits the description of a private placement?

A. 3-year commercial bank loan B. 10-year loan from an insurance company C. 2-year direct business loan D. 3-year loan to a firm by its original founder E. 20-year bonds sold in the public markets

Which one of the following best fits the description of private placement? 

a) 3- year commercial bank loan

b) 3-year loan to a firm by its original founder

c) 10-year loan from an insurance company

d) 20-year bonds sold in the public markets

e) 2-year direct business loan

Traynor Corporation reports its 40 percent investment in Victor Company on its December 31, 2020 balance sheet at $14,608,000. Traynor acquired its interest in Victor on January 2, 2018 and uses the equity method to account for the investment. Victor’s assets and liabilities were fairly stated on January 2, 2018 except for unreported technology (5-year life) of $4 million. Victor reported net income of $1.2 million, $1.5 million, and $1.4 million, and paid dividends of $200,000, $250,000, and $230,000 in 2018, 2019, and 2020, respectively. There was no impairment of Traynor’s investment. Required How much did Traynor Corporation pay for its investment in Victor Company on January 2, 2018?

Draft a cover letter and draft a thank-you letter. Ensure that the two documents reflect upon the same position/company—the goal being that the cover letter targeting this position at a particular company was successful in securing an interview and now you are writing the thank-you following that interview.
(Accounting job)

In July 2020, Delta Air Lines reported earnings for the second quarter of 2020. Delta’s CEO Ed Bastian stated “[d]emand has stalled as the virus has grown...coupled with the quarantine measures”. Delta’s posted a $5.7 billion net loss in the second quarter. Which of the following is correct?

• A. Delta's accounting profit is -$5.7 billion with a lower economic profit.
• B. Delta's accounting profit is -$5.7 billion with a higher economic profit.
• C. Delta's economic profit is -$5.7 billion with a lower accounting profit.
• D. Delta's economic profit is -$5.7 billion with a higher accounting profit.
• E. None of the above.

n January 1, 2020, Corgan Company acquired 70 percent of the outstanding voting stock of Smashing, Inc., for a total of $1,155,000 in cash and other consideration. At the acquisition date, Smashing had common stock of $840,000, retained earnings of $390,000, and a noncontrolling interest fair value of $495,000. Corgan attributed the excess of fair value over Smashing's book value to various covenants with a 20-year remaining life. Corgan uses the equity method to account for its investment in Smashing.

During the next two years, Smashing reported the following:

Net Income   Dividends Declared.   Inventory Purchases from Corgan

Corgan sells inventory to Smashing using a 60 percent markup on cost. At the end of 2020 and 2021, 40 percent of the current year purchases remain in Smashing's inventory.

1. Prepare the worksheet adjustments for the December 31, 2021, consolidation of Corgan and Smashing.

1. Prepare the worksheet adjustments for the December 31, 2021, consolidation of Corgan and Smashing.

On January 1, 2020, Corgan Company acquired 70 percent of the outstanding voting stock of Smashing, Inc., for a total of $1,225,000 in cash and other consideration. At the acquisition date, Smashing had common stock of $860,000, retained earnings of $410,000, and a noncontrolling interest fair value of $525,000. Corgan attributed the excess of fair value over Smashing's book value to various covenants with a 20-year remaining life. Corgan uses the equity method to account for its investment in Smashing.

During the next two years, Smashing reported the following:

Corgan sells inventory to Smashing using a 60 percent markup on cost. At the end of 2020 and 2021, 30 percent of the current year purchases remain in Smashing's inventory.

1. Compute the equity method balance in Corgan's Investment in Smashing, Inc., account as of December
2. Prepare the worksheet adjustments for the December 31, 2021, consolidation of Corgan and Smashing.