available at www.emeraldinsight.com/0951-3574.htm Value‚ profit and risk: accounting and the resource-based view of the firm Steven Toms The York Management School‚ University of York‚ Heslington‚ UK Abstract Purpose – This paper aims to argue that the principal components of the Resource-Based View (RBV) as a theory of sustained competitive advantage are not a sufficient basis for a complete and consistent theory of firm behaviour. Two missing elements are value theory and accountability mechanisms
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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Nora Holdings Sdn Bhd Memo To: Zainal Hashim‚ Vice Chairman of Nora Holdings Sdn Bhd From: Caterina Barraco‚ Consultant Date: July 13‚ 1992 Re: Joint Venture Recommendation To ensure compliance with the terms of the TMB contract‚ joint venture negotiations with Sakari must be successfully concluded. Negotiations to date have failed mainly due to a mutual ignorance of one another’s cultural norms‚ not as a reflection of the potential success of a Nora-Sakari joint venture. The following
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MEMORANDUM DATE: March 17‚ 2009 TO: Shari Malin FROM: Wendy Quintana‚ Student SUBJECT: Racial Profiling INTRODUCTORY SUMMARY We have been assigned a problem analysis memo and I’ve chosen the topic of racial profiling‚ for being a minority myself. One usually associates racial profiling with police officers‚ but the truth is that it’s not limited to them only. There’s been racial profiling observed in every position of power. Some observers claim that racial profiling doesn’t exist‚
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marks) The law firm of Smith‚ Jones‚ and Greene provides accounting service for some of its clients. The person who handles this service and her secretary cost the law firm an average of $80‚000 per year in salary and benefits. Furthermore‚ the law firm incurs an additional charge of $50 per client for computer time‚ postage‚ and supplies. Clients are charged $300 a year for these accounting services. a) Determine the cost‚ revenue‚ and profit functions for the law firm in terms of the number
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Memo To: ABC Inc. From: Hank Date: September 30‚ 2013 Re: Problem 1&2&3 In the first problem‚ based on a careful study‚ the project will have the following performance: a) The exact Payback Period is 4.62 years b) The discounted Payback Period is 5.58 years c) The Internal Rate of Return (IRR) of the machine is 13.87% d) The Net Present Value (NPV) is $1‚136‚020.85 e) The Profitability Index (PI) associated with the project is 1.14 If we make decision
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Memorandum Date: July 8‚ 2014 To: CEO‚ Canadian Wood Toys Inc. From: Scott Culley‚ CAE RE: Organizational Risks & Mitigation Methods As per our discussion last week I’ve prepared this memo that outlines the risks that CWTI faces and methods of mitigation for those risks. The goal of this exercise is to have a starting point for establishing a risk management process within CWTI. Below I’ve identified risks and provided suggested methods of mitigation for each. I’d like to point out that while
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TO: Dr. Karen Ford-Eickhoff FROM: Tyler Nelson DATE: February 11‚ 2015 RE: Sugar Bowl Memo Shelby Givens is a graduate from business school who returned to Raleigh‚ North Carolina with an ambition to transform Westlake Lanes into a successful business renamed to Sugar Bowl. Before the transformation Givens saw a downward spiral for Westlake Lanes barely earning any profits and the ability to sustain a healthy business was dwindling. Givens in March of 2010 was able to persuade the board
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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| Memo To: Northwind Traders From: Geno Smith CC: Brad Preston Date: [ 8/11/2013 ] Re: Revenue Assessment Thank you for the opportunity to assess your sales data in order to provide recommendations for increasing your sales. The analysis and recommendations below are based on the data you provided‚ which covers a period from May 2004 through June 2006. The analysis below is based on this data alone. Therefore‚ our recommendations should be tempered by your knowledge of business realities and
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