Starting off, if we were Palmer we would be disappointed that our top assistant is being taken away from our project. However, after taking an objective view of the situation, we would be able to realize it was the best move for the company. The situation was not working out because we were losing valuable work time from an employee. Because management decided on Olds working on the Crosby’s project, we would like management to find us a suitable replacement. Olds was a good employee, but he now works for Crosby and we cannot change that.…
Note: Due to the issuance of certain new accounting literature, changes in the status of ongoing projects during the past year, or evolution of practice, the following updates to the existing cases should be noted.…
1. For the equipment Hemo-Tech should use its best estimate of selling price. Since it does not have a price on its own and the two competitors’ sell a different model or the same model to a different set of customers, it must use its best estimate according to 605-25-30-6C. Since the cost to manufacture the equipment including labor, materials, and allocated R&D is known, as well as an estimated markup based on its history of margins as well as the added benefits of the new model, a reasonable estimate can be made.…
Runway offers existing customers (the “Existing Customer”) a $25 credit (the “$25 Referral Credit”) if the Existing Customer refers a friend (the “New Customer”) to Runway’s Web site and the New Customer purchases merchandise from Runway.…
Senator Paul Sarbanes and Representative Michael Oxley drafted the Sarbanes-Oxley Act or "SOX" in 2002 in order to curb the incidence of corporate fraud. The “Act” was signed into law on July 30th 2002 by President George W. Bush with the express purpose of restoring public confidence in the financial markets; and after enacting “the Act”, neither Sarbanes or Oxley would run for re-election in the 2006 elections (Jahmani & Dowling, 2008). The intent of the SOX Act was to protect investors, and any other stakeholders in a company, by improving the validity and reliability of corporate disclosures, such as financial statements and earnings reports, pursuant to existing securities laws and regulations governing publically traded companies (Kessel, 2011). The SOX Act holds corporate Chief…
Among the five funds, three of the funds, Cloudy Retirement 500 Index, Cloudy High-Yield Hedge Strategies, and Cloudy Real Estate All starts, are alternative investments. Those three funds, as the case states, are not registered under the Investment Company Act of 1940 or under the Securities Act of 1933. Thus, they are not offered to the investing public or are not been required to offer significant information to public. Moreover, the investment product held by Cloudy High-Yield Hedge Strategies is hedge fund. It is not traditional investment, such as stock or bonds, and is difficult to determine the current market value.…
Several barriers stood in Lisa’s path of becoming a partner. One such barrier was the fact that even though her credentials, commendations, and work ethic were extremely high, she was never respected by the CEO, Michael Breyer, as someone who deserved to be on an executive level. His view of women as being inferior to men and lacking the ability to make executive decisions was blatant and carried over into every aspect of the way he ran the company. The fact that most of her peers and several of the firms’ partners sought her opinion on market performance and financial projections on a daily basis should have been sufficient enough proof that she was partner material. But it wasn’t. She was constantly passed over for promotion because of the notion that women are inferior to men and cannot make executive decisions the way a man could.…
In the case of “Staffing Wal-Mart Stores, Inc” the greatest issue seems to be that of diversity. Numerous lawsuits surfaced against the Wal-Mart corporation with allegations of gender discrimination. One symptom that may have been overlooked was the fact that while Wal-Mart’s employment figure had increased by 50 percent in a span of five years, the percentage of women the company employed had actually decreased by three percent. Another issue, particularly prior to 1998, was that higher-level jobs were not posted. Another problem could be that store managers were given the authority to waive certain minimum requirements for a job in order to promote employees. This could potentially lead to issues if one candidate feels that a fellow employee was wrongfully promoted over another, knowing that they did not meet minimum requirements. In addition, when employees were promoted to higher positions within the company, there was an implied rule that the person must be willing to move to other stores, districts, or regions, as required by the business. Unfortunately, this often placed women at a disadvantage in that they were not able to pick up and move their families quite as easily as men could.…
The role of women in the United States has changed dramatically in the last 50 years. The proportion of women attending college, matriculating from graduate schools, and obtaining doctorate degrees has increased dramatically. No longer are women associated with low expectations both in education and the workforce. Women now seek and receive the highest leadership roles in education, professions, and business. For example, according to Laff (2006), in the banking industry women holds several management positions and in human resource management. Given these significant increases in women-owned business and upper-level management position in and organization setting, one might conclude that this migration of women towards leadership roles has been successful in management positions.…
Gordon Law Offices is a family law firm that is located in Las Vegas, Nevada. Their divorce and family law areas of practice include contested divorce, uncontested divorce, collaborative divorce, and mediation. Their other practice areas include criminal defense, personal injury, wills, and estates and probate. Gordon Law Offices is a member of the State Bar of Nevada and ABA- Defending Liberty, Pursuing Justice.…
Albuquerque Legal & Fiduciary is a law firm that is located in Albuquerque, New Mexico. Albuquerque Legal & Fiduciary is led by Bruce J. Puma Jr., an attorney, CPA, fiduciary, and trustee. Their services include estate planning, wills, trust, power of attorney, advance health care directive or living will, and guardianship and conservatorship. Albuquerque Legal & Fiduciary has no hidden costs.…
Montee Law Firm, P.C. is a law firm. Their law offices are located in Kansas City, Missouri and St. Joseph, Missouri. Montee Law Firm, P.C. is servicing clients in Missouri, Kansas, and across the country. This law firm is comprised of car accident lawyers. Montee Law Firm, P.C. is representing injured people. Montee Law Firm, P.C. does not represent insurance companies. Since 1996, they have recovered more than $250 million.…
Employment lawyer Kelly M. Dermody says that "While Merrill Lynch and Bank of America have favored male Financial Advisers to receive lucrative client opportunities, they have penalized female Financial Advisers financially for not being chosen for those advantages they created."…
Gender and Diversity management at Deloitte addresses the needs of a diverse workforce in regards to gender, sexual orientation, physical ability, ethnicity and national origin by offering programs to that specifically support these groups both internally and externally. The importance of diversity management at the firm is seen through the commitment placed on creating organizational structure, practices, policies, management and financial investment or partnerships that supports diversity. Deloitte’s annual diversity plan and the commitment to place diversity as the top priority on board meeting agenda’s is allowing the company to live and breathe its vision statement, which is:…
In this week’s article, we read about Vijay Kumar, the managing partner at Leman Highlander and Company’s Mumbai office. Vijay is a star performer, praised for his ability to attract large clients and grow the bottom line of the business. Unfortunately, he is also become known as a hothead, perfectionist and dictator and his employees are finding it very difficult to work for him, hence leading to a 34% turnover rate.…