Assume you are the economist for a MNC and your job is to keep the CFO and CEO abreast of events affecting country risk. Please comment on one event occurring in the market that may affect country risk that your boss should be aware of and understand. Your job is to make him or her look smart. Try to focus on the country of Lebanon.

discuss why the internal audit function organizational status, competences and objectivity are particularly important when considering fraud by senior management. why might a cae reporting directly to the cfo, ceo general counsel or controller be more problematic than reporting to the audit committee (or equivalent)

Internal auditing: assurance & advisory services 4th edition

Laurel Regional Hospital needs to borrow $80million to finance its new facility. The interest rate is 8 percent for the loan. Principal and interest payments are equal debt service payments, made on an annual basis. The length of the loan is 10 years. The CEO would like to develop a loan amortization schedule for this debt issuance. Prepare such a schedule.

You are the chief executive officer of a multinational corporation that operates wholly owned subsidiaries in several countries. One of the company's manufacturing plants is located in Europe. As CEO, respond to the following questions in 400 words or more: What types of internal and external accounting reports will be use in the process of making decisions? How will the reports differ for a multi-national corporation?

You are the international manager of a US business that has just invented a revolutionary new personal computer that can perform the same functions as existing PCs but costs only half as much to manufacture.  Several patents protect the unique design of this computer. Your CEO has asked you to formulate a recommendation for how to expand into Western Europe.  Your options are (a) to export from the US, (b) to license a European firm to manufacture and market the computer in Europe, and (c) to set up a wholly owned subsidiary in Europe. Based on the information from chapter 8, evaluate the pros and cons of each alternative and suggest a course of action to your CEO.

Format:

• Maximum 2 pages, single space,

Times New Roman 12 pt font size

ullerton, Inc. makes and sells a single snowboard model, the Titan. Fullerton’s CEO expects to sell 3,910 snowboards at an estimated retail price of $1,320 per board during 2018. In the fall of 2017, Fullerton gathered the following data to prepare budgets for 2018:

​

CEO expects to sell 3,910 snowboards during 2018 at an estimated retail price of

$ 1,320 per board.​ Further, the CEO expects 2018 beginning inventory of 700 snowboards and would like to end 2018 with 900 snowboards in stock. The inventoriable unit cost for beginning finished goods inventory on January 1, 2018 ​is ​$230.00.

Data pertaining to the direct materials inventories are as follows:

Variable manufacturing overhead is $20 per direct labor-hour. There are also $28,770 in fixed manufacturing overhead cots budgeted for 2018. Both variable and fixed overhead costs are allocated based on direct manufacturing labor-hours.

Other data include the following:

Assume Fullerton uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations.

What is the budgeted cost of goods sold for 2018?

Group of answer choices

$4,521,170

$4,369,470

$4,508,070

$4,319,070

Medi Corp is a corporation that deals in the manufacturing of medical devices. It has just received a patent from the U.S. Patent and Trademark Office for one of its surgical robotic knee devices. The patent is for the purpose of use in full knee replacement surgeries, which was stated on the patent’s application. For part of the manufacturing process, Medi Corp uses Tech Co. to assemble the computer components that run the robot. Tech Co. is a computer company that manufactures a lot of the computer components for several medical device companies in the U.S.

Medi Corp has been considering making a bid to acquire Tech Co. If Medi Corp acquires Tech Co., the transaction would likely be around $100 million dollars. Tech Co. is one of only three companies in the U.S. that manufactures and assembles these computer components for medical devices, and is the biggest of the three companies that offer these services, with the other two companies several million in revenue behind Tech Co. Moreover, Medi Corp. is considered a leader in medical device manufacturing in the U.S. Both companies are publicly traded companies.

Tech Co.’s board of directors are willing to approve of a merger with Medi Corp. Rebecca is on the board of directors for Tech Co. She tells her husband that he should consider purchasing Medi Corp stock. Rebecca does not tell her husband any of the confidential information of the potential merger with Medi Corp., but her husband does know that she is on the board of directors at Tech Co. and that Medi Corp is a company Tech Co. does business with. Bob is an employee of Tech Co. He has been courted by Comp Inc., one of the competitors of Tech Co.

Bob has decided to leave Tech Co. for a senior placement at Comp Inc. At Tech Co., Bob works on the manufacturing of these computer components for Medi Corp. At Comp Inc., he will be in more of a management position, determining which companies Comp Inc. should be doing business with, and managing those employees that are in the manufacturing facilities.

Please answer the following questions:

4a) Do you see any potential antitrust issues with the merger of Medi Corp and Tech Co.? Please fully explain this answer by using the appropriate U.S. statutes and any potential defenses that could be used.

4b) Do you see any potential legal issues with Rebecca and her husband if her husband purchases stock in Medi Corp before Medi Corp merges with Tech Co.? Please fully explain your answer for Rebecca’s, and her husband’s, individual situations.

4c) If Medi Corp learns that Comp Inc. is releasing a robotic surgical device for hip replacement surgery that has similar technology to its surgical robotic knee devices, does it have any recourse against Comp Inc. for patent infringement? Please fully explain your answer as to what it must prove for this complaint against Comp Inc., and any defenses Comp Inc. has against this claim. Also explain if there could be any recourse against Bob directly if Bob had originally signed a confidentiality agreement with Tech Co. when he worked for them.

Atlanta Tours Company entered into a five-year lease on January 1, Year 1, with Duck Boats, Inc. for a customized duck boat. Duck Boats, Inc. will provide a vehicle to Atlanta Tours Company with the words "Gone with the Wind" carved into the sides. Following are the terms of the lease arrangement.

•Fair value of the wagon at the inception of the lease is $10,000

•There is an eight-year estimated economic life

•Estimated (unguaranteed) residual value is $3,500. Atlanta Tours Company does not absorb any gains or losses in fluctuations of the fair value of the residual value.

•Annual lease payments of $2,000 are due on January 1 of each year. The implicit interest rate in the lease is 6 percent.

•There is an option to purchase at end of lease term for $4,000.

•The lease is noncancelable and may not be extended.

Required:

1.Discuss whether Atlanta Tours Company should classify this lease as an operating lease or as a finance lease under (a) IFRS and (b) U.S. GAAP.

2.Discuss your reasoning. Do not forget to include proper APA formatting and citation where necessary.

Pete’s Pizza and Pasta is a newly formed chain of pizza and pasta restaurants. The company’s strategy is to grow the brand through franchising and increase market share and profitability for both individual restaurants as well as the entire chain.

Pete, the founder of the chain has given you the following balanced scorecard, which he is confident would help the company achieve his stated strategy. Pete expects to generate income largely through initial franchising fees as well as collecting a percentage of the franchisees’ revenues.

Required:
For each of the four balanced scorecard perspectives, please perform the following:

i)     Provide two additional strategic objectives and key performance indicators.

ii)     Discuss, how and why recommended objectives and indicators from Part (i) above will help Pete execute his strategy.

Using Social Media to Tell the Story of TOMS TOMS offers more than a comfortable and trendy pair of shoes. It is about status and a story to tell. Mycoskie realised the power of the TOMS story since the early days of the company and has focused on it ever since. Mycoskie wrote in his book, acknowledging Kendall Haven, who authored Super Simple Storytelling: "Human minds rely on stories and story architecture as the primary road map for understanding, making sense of, remembering, and planning our lives - as well as the countless experiences and narratives we encounter along the way." He added that smart, future-oriented companies use this ancient impulse in new ways, by telling stories that people can watch on YouTube and share on Facebook. He quickly realised the strength of social and digital media to convey his story by saying: "People are no longer all listening to or watching the same few radio or TV stations each week - they're following their own carefully curated Twitter feeds, commenting on and creating blogs, channel surfing among more than 500 TV stations, watching Hulu on laptops, clicking on YouTube, reading Kindles and Nooks, and surfing on iPads." In 2009, Mycoskie partnered with AT&T by filming a commercial, which ran throughout 2009 and was an enormous success. The commercial profiled TOMS as a for-profit company that donates one pair of shoes to a child in need for every pair purchased, and founder Blake who uses his AT&T BlackBerry to conduct business from around the world. Lots of people tweeted about the commercial creating awareness about TOMS and AT&T, and support for the TOMS business model. 1- Discuss in your opinion, does business responsible for its society wellbeing or just making profit? Why? 2- How TOMS shoes utilizes the CSR in its marketing activities?