Starbucks Case Part I – Prior to reading Starbuck’s Form 10-K‚ please answer the following questions. Your answers should be based upon your general knowledge of Starbucks‚ gained from visiting their stores‚ purchasing their products and/or observing them in the marketplace. a. Up until the economic downturn (Fall of 2008) what do you believe was Starbucks’ growth strategy? Give three examples of specific actions (growth initiatives) you observed Starbucks execute upon as part of their
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we are victims of some behavioral biases that in this case might affect the evaluation of what projects the board of trustees approves. While‚ reading the case it is mentioned that the general practice of the board of trustees and of the previous CFO was to give high priority to medical equipment and tended to forget about the administrative service areas. Besides giving high priority to medical equipment‚ there were also hierarchy problems as to which departments get this medical equipment‚ the
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He was responsible for managing the financial risks‚ financial planning‚ and record keeping of the company‚ as well as financial reporting to higher management. As the CFO‚ Schuster oversaw the preparation of and signed the company’s registration statements filed with the SEC‚ including the company’s Form 10-K reports. As a CFO‚ Craig Schuster had interaction was independent auditors but he did not tell them about the fraud of company. Finally‚ Catherine Sprauer who
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equity-at-risk‚ and decision control‚ to not be consolidated‚ should have been caught by AA‚ who should have fixed the problem. Another defective decision of AA was not advising the audit committee at Enron of important issues. One issue was that their CFO was involved in situations concerning significant conflict of interest. AA should have informed the audit committee of this because the audit committee could have brought this information to the board of directors‚ where a solution could have been formed
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SARBANES-OXLEY ACT ACCOUNTING FOR NON-ACCOUNTING MAJORS 04/22/2013 Sarbanes-Oxley Act a.k.a. “SOX” The Sarbanes-Oxley Act was enacted to establish new or enhanced standards for U.S. public company boards‚ management‚ and public accounting firms. It is also known as the “Public Company Accounting Reform and the Investor Protection Act of 2002. It was created by Senator Paul Sarbanes (D-Maryland) and US Congressman Michael Oxley (R-Ohio) and was signed into law on July 30th 2002. This
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development‚ that by using certain identifying techniques and analyses‚ that “financial managers need to look behind the forecasts to try to understand what makes the project tick and what could go wrong with it (Brealey‚ Myers‚ & Marcus‚ 2012)”. As the CFO of struggling company with a newly launched‚ potentially stable product‚ grouped with a phenomenal management team‚ it is fundamental to consider any immediate means of raising capital—no matter if‚ the current cash flow is positive. Knowledgeable
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entitled Enron Ten Years Later: Lessons to Remember‚ the authors Anthony H. Catanach Jr. and J. Edward Ketz discuss the importance of learning from the mistakes made by the senior executives of Enron. The “off-balance sheet” that Andrew Fastow‚ the CFO of Enron‚ created to funnel tens of millions of dollars into executives and investors pockets and also hide corporate losses contributed immensely to the demise of the corporation in 2001‚ which had once been valued at $60 billion. Fastow states in
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Do the people living in big cities are having stress? If there are people living with the stress in metropolitan cities‚ they must find ways to reduce that stress. There are many ways to reduce that stress from which they are suffering in their daily life. Some of them are mentioned below: The first and the foremost thing is people should avoid noisy environment because noisy environment brings about more stress to the human brain. Secondly‚ the people should get involved in healthy activities
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1 Executive Summary Aborigines have well known as the native of Australia‚ who exists for more than fifty decades. They have a very strong relationship with their land‚ and culture. This report will provide the old time of traditional Aboriginal culture before 1780. Firstly‚ introduce of their lifestyle culture. Follow by describing the Dreamtime story of their culture. The information from researching website and media based sources. Lastly‚ provide the conclusion and personal’s view of how their
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for the model in Figure 12.11‚ h1 were 506 ft‚ h2 were 497 ft‚ and l were 150 ft‚ what would be the hydraulic gradient (in percent) between well #1 and well #2? Answer: 6 % 12.11 If contaminants were to find their way into groundwater at Acme Industries‚ in which well would those contaminants be more likely to appear—the well at the Smith farmhouse‚ or the well at the Jones farmhouse? 12.18 (A) Which of the six wells in Figure 12.25 in Ch. 12 should be flowing artesian wells?
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