Summarize in your own words the article below (300 words)
Trivago Ramps Up Finance Team After Material Weakness By Nina Trentmann Feb 8, 2018
Rolf Schroemgens, co-founder and chief executive officer of Trivago, center, cheers with employees during the company's initial public offering (IPO) in New York, U.S., Dec. 16, 2016. Rolf Schroemgens, co-founder and chief executive officer of Trivago, center, cheers with employees during the company's initial public offering (IPO) in New York, U.S., Dec. 16, 2016. PHOTO: BLOOMBERG NEWS Hotel-search company Trivago N.V. has expanded its financial reporting team as it prepares to file its next annual report, said Chief Financial Officer Axel Hefer. The German company, which listed on the Nasdaq in late 2016, disclosed that it found a material weakness in internal controls over financial reporting in the lead up to its initial public offering. At the time, Trivago was heavily reliant on outside consultants and advisors to meet U.S. reporting requirements. “We now have significantly more people that are experts on U.S. Generally Accepted Accounting Principles,” CFO Axel Hefer Wednesday said in an interview with CFO Journal. The expanded staff have helped overhaul Trivago’s reporting process, which is now “completely different,” Mr. Hefer said. The hotel-comparison company is still assessing whether the circumstances that resulted in the material weakness have been mitigated, Mr. Hefer said. Trivago plans on filing its annual report in the next couple of months, he added. The Securities and Exchange Commission requires foreign issuers that have listed equity shares on U.S. exchanges to submit an annual report within six months after the end of the company’s fiscal year. Mr. Hefer did not share how many people have been added to the company’s reporting team or the number of employees in the finance and accounting department. Mr. Hefer last year said the company would phase out reliance on external accounting help. Düsseldorf-based Trivago currently employs over 1,400 people. Trivago Wednesday swung to a wider-than-expected quarterly loss amid reduced spending from advertisers. The company reported a fourth-quarter net loss of €9.6 million ($11.8 million), compared with net income of €0.1 million for the same period last year.
In: Accounting
Context
In this week's discussion, you are going to be the CEO of a company. In anticipation of the upcoming quarterly disclosure of profits, you prepare your board of directors for the challenge that U.S. tariffs on Chinese imports are having on profits.
Conceptually, you will be asked to address elasticity as a measurement of the magnitude of a change. Additionally, you will be asked to examine how price elasticity of demand plays a role in consumer demand and how profits are affected by a tariff.
Instructions
For this discussion, please make yourself CEO of only one of these hypothetical companies.
In your discussion post, address the following prompts within the context of your chosen hypothetical company of which you are the CEO:
Note: In your discussion posts for this course, do not rely on Wikipedia, Investopedia, or any similar website as a reference or supporting source.
In: Economics
A company has the following information related to its ending
inventory:
| FIFO | LIFO | ||||||
| 12/31/2020 | $ | 230,000 | $ | 200,000 | |||
| 12/31/2021 | 280,000 | 260,000 | |||||
The company’s accountant informs the CEO that because the company
reports using LIFO instead of FIFO, gross profit will be lower in
2021. Which of the following statements is correct?
A. The accountant is incorrect because the LIFO reserve has increased in the current year.
B. The accountant is correct.
C. The accountant is incorrect because the choice of LIFO or FIFO does not affect gross profit.
D. The accountant is incorrect because the LIFO reserve has decreased in the current year.
In: Accounting
In: Operations Management
Create an annotated bibliography where you will locate and summarize 8 scholarly sources related to child development that will help to prepare for a interview with a child that's
between ages 3 to 10 years old. I plan to interview a child that's between ages 3 to 10 years old so this is what the annotated bibliographgy should be based on. (Child development).
For better understanding below is just an example of how the annotated bibliography 8 schlarly sources should be:
Just an Example:
Waite, L. J., Goldschneider, F. K., & Witsberger, C. (1986). Nonfamily living and the erosion of traditional family orientations among young adults. American Sociological Review, 51 (4), 541-554.
The authors, researchers at the Rand Corporation and Brown University, use data from the National Longitudinal Surveys of Young Women and Young Men to test their hypothesis that nonfamily living by young adults alters their attitudes, values, plans, and expectations, moving them away from their belief in traditional sex roles. They find their hypothesis strongly supported in young females, while the effects were fewer in studies of young males. Increasing the time away from parents before marrying increased individualism, self-sufficiency, and changes in attitudes about families. In contrast, an earlier study by Williams cited below shows no significant gender differences in sex role attitudes as a result of nonfamily living.
Thanks!
In: Biology
You work for an international food and beverage company, and the CEO of the company wants to introduce a new product in the US market for 2021. Your team is charged with the following tasks:
You should assemble a document that addresses each of these components for the product launch. The points assigned to this project are evenly divided among 6 components -- product description, prediction of industry changes using supply and demand, competition summary, marketing and promotional strategies, recession resilience, and presentation quality. So, you should allocate most of your effort to the economic components of this analysis.
Requirements: Provide a 1,000 word (or 4 pages double spaced) minimum paper. The title page should include the list of all members of your group.
In: Economics
Write 3 pages answering the following questions.
Carrier Discovery - Information Technology specialization management information system
Purpose
For this assignment, you will be conducting field research by conducting an informational interview with someone from your network to gather more career information. This information will support you as you continue to explore options in the labor market.
Explanation of tasks
Share your knowledge from your informational interview of someone in the field by submitting the result. You may use the form below.
1. List your interviewee’s name, title, and company.
2. What did you learn about your interviewee and/or their company from your pre-interview research?
3. Briefly describe your experience setting up your informational interview. How did you find someone to interview? Was it easy/difficult to arrange the interview?
4. Briefly describe the work your interviewee performs on a regular basis.
5. Briefly describe the office/work site you visited, or as described by your interviewee. Does this type of office/environment feel like it could be a good fit for you? Why or why not?
6. What were your interviewee’s educational & career paths?
7. From speaking with your interviewee, what three things did you learn about this career field that you did not know before?
8. What surprised you most about this career area/job work site?
9. Did the professional offer any advice on how to successfully enter this field? If so, what?
10. Choose from the following: a. What did you learn/observe that reinforces this career is a good match for you? b. What did you learn/observe that gave you second thoughts about this career path?
11.Choose from the following:
a. if you would like to work in this position in the future, what might you do over the next five years to ensure you are a viable candidate? What type of education and/or experience would you need to have?
b. Since you have decided that you no longer want to work in this profession, what field do you think might be a better fit for you? What steps will you take over the next five years to divert your career path to the new option?
In: Operations Management
In: Operations Management
At the beginning of 2016, the Healthy Life Food Company purchased equipment for $42 million to be used in the manufacture of a new line of gourmet frozen foods. The equipment was estimated to have a 10-year service life and no residual value. The straight-line depreciation method was used to measure depreciation for 2016 and 2017. Late in 2018, it became apparent that sales of the new frozen food line were significantly below expectations. The company decided to continue production for two more years (2019 and 2020) and then discontinue the line. At that time, the equipment will be sold for minimal scrap values. The controller, Heather Meyer, was asked by Harvey Dent, the company’s chief executive officer (CEO), to determine the appropriate treatment of the change in service life of the equipment. Heather determined that there has been an impairment of value requiring an immediate write-down of the equipment of $12,900,000. The remaining book value would then be depreciated over the equipment’s revised service life. The CEO does not like Heather’s conclusion because of the effect it would have on 2018 income. “Looks like a simple revision in service life from 10 years to 5 years to me,” Dent concluded. “Let’s go with it that way, Heather.” Required: What is the difference in before-tax income between the CEO’s and Heather’s treatment of the situation? Discuss Heather Meyer’s ethical dilemma.
In: Accounting
Style Interview for a Company's Newsletter Instructions Assignment Files Grading Resources: The Art and Science of Leadership, Ch. 4 & Ch. 6 and Leadership Newsletter Template Mat Lead Leade Select someone in a leadership postion at your organization or at a local company where you might seek employment. This individual could be a director, manager, supervisor, or CEO of the organization. News The A The Ar Write a 1,050- to 1,400-word profile of the individual that you interviewed for your company's newsletter, and include the following Identify the individual and their position within the company, and briefly describe the organization Interpret the individuars leadership style based on the Five-Factor personality model. and offer one or more examples of the management and leadership roles of this . individual . Explain one incident where this individual had to solve a difficult problem or situation because things did not go as planned . Describe the lessons that shehe leamed from being able to problem solve, even when what sheme had been taught did not work Format your profile in the form of a newsletter (the final format may vary depending upon the company's style. please feel free to use either the provided template or to check the Internet of Microsoft's Word for additional newsletter templates)
I know today is Memorial day, but I need some help today from someone please.
In: Operations Management