SAMPLE ANSWER FORMAT Oak Industries‚ Inc. Case – sample answer 1. Is it unethical for a company to intentionally understate its earnings? Why or why not? Yes‚ it is clearly unethical to intentionally understate earnings since the management makes representations that the financial statements are complete and accurate. It is obvious that intentionally understating earnings is done to allow the company to later overstate earnings by using falsified reserves to cover the inadequate
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To improve its softening situation‚ I believe that Kingsford should increase prices and shift its spending from sales promotion to media marketing in order to improve Kingsford’s profit in the short term and invest more in R&D to create new products in the long term. Pricing strategy plays a key role for Kingsford’s profitability in 2001. Recent price increases for private label brands reduced its price gap with premium brands‚ which eroded the premium brand image of Kingsford (see exhibit 1).
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Handcraft is Etsy’s principle authorship The online ecommerce marketplace that operates exclusively for handcrafted and handmade items is Etsy. They connect the bridge between the sellers and consumers who have in interest in handcrafted items. They have cloths‚ foods‚ photographs‚ art‚ food products‚ bath and beauty products‚ accessories‚ etc. And the company is planning to help the sellers to identify manufactures for their goods and the ecommerce company is going public from April 2016. The
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Introduction: Tyre manufacturing industries face a lot of competition‚ price and cost pressure. There is demand for tyre manufacturing industries in the market across the world and because of this reason manufacturing industries is facing management and technical issues for example less availability of raw material‚ rivalry force and risk is very high. The customers are mainly concerned with functionality of tyres and not giving much importance to pricing. However pricing is given importance for
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Why Your Business Should Relocate To: Industry City Well removed from the hustle and bustle of Midtown Manhattan‚ the Financial District and Downtown Brooklyn lies Industry City‚ one of New York City’s premier places to do business. Located in the Sunset Park neighborhood of Brooklyn‚ this collection of turn-of-the-20th century warehouses and industrial plants has now been readapted for use as a modern for center for manufacturing‚ design and other key economic sectors. Home to a bevy of companies
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Year 12 results forced the I Guccermes management to seriously take the notice of company performance that is not doing well. After a long discussion among I Guccermes company co-managers‚ I concluded that we should reevaluate the company strategy and offer higher quality products and lower the price a little bit. I believe this strategy can lead to the increase of market shares. In order to achieve maximum profit and top position in footwear market‚ I think we also need considered about the private
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public office and the difficult of actually attempting to prosecute. One of the cases that was reviewed was the case involving a demarcated Senator named Robert Menendez from New Jersey. The Senator was accused assisting Salomon Melgen‚ a Florida eye doctor on two occasions once to try to solve his friend’s Medicare billings problem and second helping Melgen’s port cargo contract in the Dominican Republic. In the case the Senator Menendez also took “accepted a series of trips and gifts over the years
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1. False. In order for a firm to maximize profits‚ marginal revenue must equal marginal cost. The statement is true if it were specifically being applied to long-run equilibrium under perfect competition. If it is not being applied to that specific instance then the statement is false as profit maximization takes place when marginal revenue equals marginal cost. 2. The Miami plant should continue to operate because it only loses $60‚000 per month compared to possibility of losing $68‚000 (its
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The beginning case that is first brought up by the parents of the deceased children who passed away to leukemia was blown off by Jan‚ “ I really wish I could help you but I can’t I’m sorry.” Jan is the man in charge of the small firm that later submitted a complaint against Beatrice Foods and W.R. Grace and Company. Shortly after returning back to the office Jan was given some information about what companies had factories out there‚ once he found out about how large the companies were he quickly
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including several belonged to Weyerhaeuser were operating in the state and Minnesota ranked third in the nation in lumber production. Towns and cities throughout the Midwest were built using Minnesota lumber. The lumber industry relied on the same basic essentials as the flour industry. Investment from business owners such as Weyerhaeuser was combined with natural resources machines and people. Though logging in Minnesota had begun in the late 1830s it wasn’t until the 1880s that lumber companies started
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