1. In each round trip transaction, Krispy Kreme recognized additional income in an amount more or less equal to the funds that were paid back from the franchises. As a result, Krispy Kreme filed annual, quarterly, and current reports with the SEC that contained misstated financial results, failed to have books and records that accurately and fairly reflected its transactions and disposition of assets, and failed to set up and maintain internal accounting controls sufficient to provide reasonable assurances that its accounts were accurately stated in accordance with generally accepted accounting principles.…
could have done a lot to address the situation as soon as it learned of the complaint. First of all, securing the doors of the business should have been of outmost priority, not only to insure the safety of the employees, but to safeguard the equipment, inventory and other items that may been left in the store overnight. Launching an investigation to find out why the door was not secured, should not have been a major issue as it was. Making sure the employee’s was heard and safety precautions put in place should be a first priority to every employer, these safeguards could not have been costly at all either, there should not have been any…
Guerrerro, J. (July 29th, 2011). A Prince of the Coffee Bean. The Wall Street Journal.…
W We are one of North America’s largest quick service restaurant chains, with 4 4,264 systemwide restaurants as at year-end 2012. Tim Hortons is one of the l largest publicly-traded restaurant chains in North America based on market c capitalization, and the largest in Canada by a wide measure. In Canada, we c command approximately 42% share of the quick service restaurant traffic. M f t i it More th 60% of our guests visit us 3 times or more every two weeks. We enjoy iconic brand status in Canada and than a strong, emerging presence in select regional markets in the U.S. We are also beginning to seed international growth, and we had opened 24 restaurants in the Gulf Cooperation Council by the end of 2012.…
Your friend, Mike, has just purchased a business. Because Mike knows that you have just received your Associate’s in Accounting at Kaplan University, he has asked for you help in evaluating the firm. Mike is not asking you to make a decision for him; he just wants you to help provide him with facts as you see them.…
The business beside them which was a grocery store closed its doors in 2010, resulting in less sales for Tim Hortons. With a slow economy organizations all over the country have to make changes in order to operate functionally. So like most organizations it affected the employees the most. Tim Hortons cut back their employees by almost half.They also changed many employees to contingent employees.There was a management team of 13 which was cut back to 6. Out of the seven management workers who were cut, four downgraded to non-management jobs else where, where they were overqualified. My brother was part of the half that did not get cut. However it affected him and the rest of the employees greatly. They had to work longer shifts and do a lot more duties than before.Tim Hortons lost almost a quarter of the employee due to mistrust and…
The barrier to enter this industry is low only for the local coffee and snack shops because the investment is quite low. Also, the foodservice regulations can be achieved and licensing required for this industry is not difficult to obtain. However, it would be high enter barrier for these specialty coffee shop or chain shop due to the mature life cycle of coffee and snack shops in Canada and high investment on both physical and human capitals. As stated in the article, the industry is concentrated with Tim Hortons and Starbucks with 86.9% market share. Brand identity is essential for the big player since it is difficult to change customer’s daily routine and taste. Also, the economies of scale help larger operators to negotiate favorable terms with suppliers. Moreover, due to the large capital requirement, these major players in the industry can extend their business against the potential competitors. So the newcomers would, therefore, have a cost disadvantage.…
Since most McDonalds have the same menu, it provides an easy economy of scale. McDonalds has more than 32,000 restaurants around the world (Economies of scale). When McDonalds places an order, they don’t go and buy individual items, they receive them from a local wholesaler just like any other independent restaurant (Economies of scale). “McDonald’s is the world’s largest buyer of eggs; therefore they are able to negotiate the very best unit cost per egg during their enormous volume purchase and passing those savings onto their franchise owners” (Economies of scale). Since McDonalds receives the best price, they are able to place a egg sandwich together and sell it to their customers for a competitive price (Economies of scale). Bulk buying for McDonald’s helps in the long run because they save money for purchasing merchandise at lower unit prices instead of purchasing from an independent business which would be higher (Economies of scale).…
Transaction number: 28004 Quinn Blaylock "Assistant Store Manager" & Merideth (Cashier #: 298209)"Cashier Associate" BY FAR ARE THE WORST OF THE WORST WHEN IT COMES TO CUSTOMER SERVICE OF ANY KIND. Quinn had a nasty attitude walking through the store and poor manner prior to ever making it to the register for a "formal" introduction, shoving past us as not speaking a word to us as if we weren't even there. Merideth acted as if it were a huge inconvenience to check us out. Not only did she huff and puff as I put multiple small things on the counter to be scanned she then went behind me and said "Let me make sure you put everything up here" (In which there wasn't enough room) I was waiting for things to be put in a bag so I could move them into…
I wanted to let you know that because I was treated poorly at your Willoughby location, I went to your Mentor location and received the best service ever. I went into your Willoughby store where 3 employees were talking among themselves for a good 15 minutes before I was even acknowledged. When I requested a phone to add to our company plan I was informed that they did not have any at this store but no other option was offered. I left in frustration. This is a common occurrence…
Hello my name is and I am writing in regards to the horrible experience my husband and I had at our last visit at Dairy Queen. We were coming back from Illinois and saw your sign off of the express way, and decided to stop as a treat for our 3 small children. We stopped at the store in Rensselaer, IN. My husband and I decided to split your Moolate'. My husband asked the cashier if she could go heavy on the coffee because he had a bit of a drive still ahead of him. The cashier was very nice and respectful. She said it was "no problem." We did appreciate her effort, but the drink was horrible. Neither my husband nor myself could even take a second sip. We decided to go back through the drive thru, I explained to Mandy B. (who claimed to be manager at the time) that we…
Q1: Critically Analyze the Business Model operated by Mc Donald in terms of its Advantages and Drawbacks?…
In 1940 two brothers Dick and Mack Macdonald opened their own restaurant. Eight years ago…
The internal analysis of the firm describes the strengths and weaknesses the firm brings to its competitive environment. What resources or capabilities can a firm leverage against its competitors and/or to tap new markets? What weaknesses we might see that will handicap the firm in the future? You should perform the internal analysis using the value chain approach that we will discuss in class (see description below, as well). This approach consists of breaking the firm into the main activities in the value chain and then determining which activities may yield a competitive advantage for the firm. As an example, cost leadership can be the result of engineering capabilities. While sometimes difficult to use, the VRIO analysis is another good analytical tool which can help you to organize your thoughts and develop your case.…
Kavigan is actually a form of Bengali folk performance wherein folk poets sing and perform.…