Questions
Summarize in your own words the article below (300 words) Trivago Ramps Up Finance Team After...

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...

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.

  1. 'Tis the Season—'Tis the Season is one of the largest importers of holiday decorations, and the summer quarter is devoted to importing decorations such as lighting, artificial trees, table runners, and outdoor yard decorations—all of which have to be ready to ship by early fall. In fact, we at 'Tis the Season have a highly inelastic supply curve, ramping up to produce decorations for each season, and then once that season has been shipped, we move on to the next season. Fortunately, the price elasticity of demand for almost all of our products is 0.19.
  2. We Build Big—We Build Big is one of the largest developers of new residential structure in the U.S. We Build Big builds everything from apartment complexes to new single-family homes. Critical materials such as lumber, gypsum board, and fabricate metal are largely imported. At We Build Big, we know that our production process, the supply curve, is relatively inelastic. The concern over profits is that the price elasticity of demand for housing is 1.0.
  3. Very Big US Auto—Very Big US Auto is one of the oldest and largest auto manufacturers in the U.S. Very Big US Auto's supply chain is highly dependent on components manufactured in China and assembled in the U.S. Very Big US Auto knows that the price elasticity of supply is relatively inelastic and that demand is relatively elastic, with a price elasticity of demand of 1.2.

In your discussion post, address the following prompts within the context of your chosen hypothetical company of which you are the CEO:

  • Is the demand curve for your product relatively elastic, inelastic, or unitary elastic? Demonstrate this for your company's product by how much the quantity demanded will change if you pass on the 25% increase in cost from the tariff as a price increase for your product. In other words, show your calculation of the percentage change in the quantity demanded given a 25% change in the price.
  • Given your company's price elasticity of supply and price elasticity of demand, prepare a statement for your board of directors as to the potential impact of profits. Who will pay the larger share of the tariff: your firm or your customers?

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...

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

Why do companies want to vertically integrate in order to control assets or inputs that are...

  1. Why do companies want to vertically integrate in order to control assets or inputs that are specialized to a particular transaction?

  1. An airline company is considering backward integration into oil refinery to avoid high fluctuations in petroleum price. The argument has been made in favor of vertical integration: “Airplane that operates at full capacity is more efficiently used and lead to much lower cost per unit than an airplane that operates at less than full capacity. Owning our own source of petroleum insulates us from short-run supply-demand imbalances and therefore will give us a competitive advantage over rival airline companies.” Do you agree with this argument? Why?

  1. Is a firm size determining factor in the vertical integration decision? That is, are large firms more likely to outsource production of inputs than are small firms? Why?

  1. Do firms adopting related diversification strategy necessarily produce similar products? Thoroughly justify your argument.

  1. A large American bank conducted an analysis of the external environment and reached the conclusion that 3D Printing & Rapid Prototyping Services is one of the fastest growing businesses. The bank decided to diversify into the 3D Printing & Rapid Prototyping Services through the acquisition of America’s biggest 3D Printing & Rapid Prototyping Services company. In justifying and defending this diversification move, the CEO of the bank argued that this diversification would help his financial institution and the 3D Printing & Rapid Prototyping Services company achieves several operational economies of scope? Do you agree with the reasoning that the CEO used to justify the diversification? Why?

  1. Ale-8-One, known colloquially as Ale-8, is a regional ginger and citrus flavored soft drink, bottled by the Ale-8-One Bottling Company, a family-owned enterprise in the small town of Winchester, Kentucky, near Lexington, where the beverage is especially popular. Do online research on this company. Discuss the company business level strategy? What is the company corporate level strategy? What is the type of corporate of diversification that the company follows? You must justify and explain your answers.

In: Operations Management

Create an annotated bibliography where you will locate and summarize 8 scholarly sources related to child...

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...

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:

  1. Develop a new food/beverage product concept that can be brought to market by 2021.  The product should have broad appeal for the US market (i.e., nothing illegal or distasteful).
  2. Present a five-year marketing plan to upper management that includes a description of the product, a plan for where it will be sold, a summary of the existing competition, projected industry changes (using a supply and demand framework), and recommended promotion strategies that can help to sustain sales volume and profits for several years.
  3. The CEO is especially concerned about the risks of a persistent recession in the next 2-3 years, so your plan should consider ways to make the new product less susceptible to recession.

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...

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

Preparation for your interview. write one paragraph on each of the following: describe how you would...

Preparation for your interview. write one paragraph on each of the following:

describe how you would respond if you received a call about an interview if you were driving, in a public place or with other people
describe what you would research about the position and the company where you are interviewing.
describe what you would bring to your interview.
describe additional considerations you would keep in mind to present yourself well.

In: Operations Management

At the beginning of 2016, the Healthy Life Food Company purchased equipment for $42 million to...

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...

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