a) Discuss how the budgeting process employed by Peters Corporation contributes to the failure to achieve the president’s sales and profit targets. The first problem would be that the president established targets for the total dollar sales and net income before taxes for the next year. Then the president gave the sales target to the marketing department. By starting at the top and working its way down the chain of command causes problems because not all of the departments are involves in
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Introduction Countrywide Financial Corporation projected being the largest real estate mortgage company in the United States. In 1969‚ Angelo Mozilo and his partner David Loeb‚ founded Countrywide in New York with the vision of providing a diversified real estate lending service. The company’s intentions were phenomenal as well as the initial profitability; however‚ unethical behavior took place within the company causing a huge loss. The predatory lending actions relied on fraudulent and misconduct
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marketing who later became the CEO. He went to an Italian coffee house in Italy and wanted the same format in Starbucks. The idea was to still sell the same products but with a coffee house setting. This idea is an example of what international business is. International business is a world where business is done globally rather than domestically. An example of this would be‚ 10 years ago Toyota (a Japanese company) would be considered a Japanese car but today it would be considered a global car since
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expand sales of their products in the expected recovery of the global economies projected by some economists. 1.2 Eu Yan Sang International Ltd (EYSI) Eu Yan Sang was established in 1879 with the noble vision of caring for mankind. The group was listed on Singapore Stock Exchange main board as Eu Yan Sang International Limited (EYSI)‚ in 2000. Eu Yan Sang International manufactures and retails Chinese herbs and medicines in more than 140 stores across Singapore‚ Hong Kong‚ Taiwan and Malaysia
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In the 10 days after May 7‚ AOL stock lost more than 23% of its value. What makes the announcement so remarkable is that the week before the announcement‚ Steve Case told Robert Seidman: "We’ve done a lot of price testing -- of lower and higher monthly fees‚ with varying amounts of free time -- and there’s a reason why we’re still at $9.95 for 5 hours. If we thought we could attract more customers with
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phrases “accounting standards” and “financial reporting” refer to. Accounting standards refer to the accounting methods used in an accounting system like the IFRS. Financial reporting refers to the representation of financial information‚ in order to be uniform the financial reporting must be based on a fixed set of rules‚ invole complete objectivity and no bias. The IFRS (International financial reporting standards) has indeed helped the uniformity of financial reporting. However‚ in some cases due to
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Serial Bond Debt Service Fund Journal Entries and Financial Statements. As of December 31‚ 2010‚ New Town had $9‚500‚000 in 4.5 percent serial bonds outstanding. Cash of $509‚000 is the debt service fund’s only asset as of December 31‚ 2010‚ and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July 1‚ with $500‚000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund and the debt service
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In a narrative format‚ discuss the key facts and critical issues presented in the case. Word count: 158 Countrywide Financial began in 1969 and by 2000 was one of the nation’s largest lenders (Ferrell‚ 2010). In the late 1990’s and early 2000’s‚ Countrywide Financial offered subprime mortgage loans. Subprime mortgage loans were loans that were offered to people who would not ordinarily be able to qualify for conventional loans because of income‚ lack of credit or low credit score. Because
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Introduction: Foreign financial development aid has been a contentious topic of discussion for over seventy years now. Its form has changed drastically over these years. From the implementation of the ‘Colonial Development Act’ to the ‘Marshall Plan’ in 1948 to the modern form of international financial aid‚ it is now almost unrecognizable from its beginnings. The central question of this essay is ‘How Effective is the Current Regulation of International Financial Aid?’ In order to answer this
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Question 1 (a) |Ratio |Industry average 20X8 |Actual 20X8 | |Net working capital |$125‚000 |$63‚300 | |Current Ratio |2.35 |1.84 | |Quick Ratio
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