In: Accounting
ABC Corporation is an American company that wishes to do business with Rimonter, a corporation located in Asia. Rimonter has the standard practice of requiring an undocumented payment of $50,000 to a charitable organization headed by Rimonter's CEO. This payment is required in exchange for securing a manufacturing contract with Rimonter Corporation.
In response to Rimonter's demand, what should ABC do?
Evaluate the various forms of bribery and factors that foster them, the ethical problems with bribery, and the diverse means and strategies for combating bribery.
In: Operations Management
Suppose that the owner and CEO of a firm that operates in a PERFECTLY COMPETITIVE market environment comes to see you for help. She has a few questions to ask you as the company Economist. This question is:
(i) “At lunch the other day, I overheard an economist at the next table describe our perfectly competitive firm as being a ‘Price Taker’ in the market. Can you carefully and completely explain what it means to be a Price Taker AND why my firm is described that way, please?”
In: Economics
We want to be local and global, small and big, radically decentralized with central reporting and control. If we can solve those contradictions, we can create real organizational advantage'. - The former CEO of ABB
Questions:
1- Based on the international corporate strategy, how can a company
be local or global?
2- Does the corporate strategy (local or global) depend on the
sector, customers or industry?
3- How can companies solve the contradictions of being local and
global?
In: Economics
Critical Thinking Assignment
Starbucks in 2009, the company launched an instant coffee brand: VIA Ready Brew.
Develop a one-page summary presentation. Include a solid introduction and conclusion to Howard Schultz, CEO.
What is the S-T-P?
What are Starbucks’ core competencies?
How would you recommend to launch the product? (Think downstream marketing)
What are the calculated risks? (Think upstream...)
Key question: why did Starbucks develop this product?
In: Operations Management
We want to be local and global, small and big, radically decentralized with central reporting and control. If we can solve those contradictions, we can create real organizational advantage'. - The former CEO of ABB
Questions:
1- Based on the international corporate strategy, how can a company
be local or global?
2- Does the corporate strategy (local or global) depend on the
sector, customers or industry?
3- How can companies solve the contradictions of being local and
global?
In: Operations Management
Q#1: As an auditor for the CPA firm of Hinkson and Calvert, you encounter the following situations in auditing different clients.
| 1. Ayayai Corporation is a closely held corporation whose stock is not publicly traded. On December 5, the corporation acquired land by issuing 3,500 shares of its $19 par value common stock. The owners’ asking price for the land was $133,500, and the fair value of the land was $119,000. | ||||||||||||||
|
2. Whispering Winds Corporation is a publicly held corporation whose common stock is traded on the securities markets. On June 1, it acquired land by issuing 19,000 shares of its $11 par value stock. At the time of the exchange, the land was advertised for sale at $273,000. The stock was selling at $12 per share Q#2: On January 1, 2020, the stockholders’ equity section of
Bramble Corporation shows common stock ($6 par value) $1,800,000;
paid-in capital in excess of par $1,050,000; and retained earnings
$1,230,000. During the year, the following treasury stock
transactions occurred.
Part B: Restate the entry for September 1, assuming the treasury shares were sold at $12 per share. |
In: Accounting
Americans should learn to live without these two imported products. But, they should not have to give up these two imported products. Justify your reasons for each statement.(8-10 sentences)
This is a sample response to help clarify the question:
The first important import that the US should be able to live without is crude oil. The US produces a large percentage of the oil it needs and only needs roughly 25% more to meet its demand. If the US can cut its usage by that last 25% or so, we would be able to be self-sufficient and not have to rely on other countries for this import. Thirty seven percent of the energy the US consumes is from petroleum, increasing the usages of natural gas and renewable sources, not only will the US benefit but also the environment will as well.
The US should be able to live without importing automobiles. I say this because motor vehicles is one of the top imports of the US at the same time as being the number three ranked export. I like the ability for a consumer to buy what they like with the amounts of cars to choose from. However, there are so many domestic cars, ranging from economy cars to large luxury vehicles. If these are such a good export, we should be able to live with not bringing in cars from other countries and look to drive American made cars.
The two products that I think Americans should not have to live without are somewhat similar. Both are beverages, but enjoyed differently. The first is real good Columbian grown coffee, sometimes it is the best part of getting out of bed in the morning! The US imports about $6.3 billion in coffee each year, which is the highest at 19%. As we tend to be labeled as work-aholics, coffee is a big player is keeping us on the go. The second import I think Americans should not have to give up is the import of beer. Beer is made with such cultural influences, and some of the best beers around are imported. I have been to Germany twice, and I will say, their beer is unmatchable. Even with the increase in craft brewing in the US, ending the importing Canadian beers, European beers and Mexican beers is just something I do not want to ever see.
In: Operations Management
Penn Station East Coast Subs began in Cincinnati, Ohio with founder Jeff Osterfeld. Feeling frustrated with the lack of growth and profits, Jeff decided to franchise his handful of restaurants in the late 1980’s. This strategy proved successful. Based on the internal environment of Penn Station, what factors contributed to the success of the business? What characteristics, culture, and management style did Jeff portray that lead to his overall success?
In: Accounting
The value of goodwill is the excess of
The purchase price over the fair value of tangible and identifiable intangible net assets acquired.
The purchase price over the fair value of tangible net assets acquired.
The purchase price over the carrying value of tangible and identifiable intangible net assets acquired.
The purchase price over the carrying value of tangible net assets acquired.
In: Accounting