CASE NO. 1: STIRLING HOMEX CORPORATION POINT OF VIEW: The Chief Financial Officer (CFO) of Stirling Homex Corporation (SHC) as he/she will be the one to be of best knowledge to analyze the financial statements of SHC. He/she will also have the authority to make decisions/recommendations and influence the CEO in making management decisions. CASE CONTEXT: In the late 1960’s the US Department of Housing and Urban Development (HUD) launched the Operation Breakthrough‚ a project that aimed to “revolutionize”
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CORPORATION VS PARTNERSHIP 1. Creation CORPORATION Created by operation of law; PARTNERSHIP Created by agreement of the parties; 2. Numbers of incorporators CORPORATION Requires at least 5 incorporators; PARTNERSHIP Requires at least 2 partners; 3. Commencement of juridical personality CORPORATION Acquires juridical personality from the date of issuance of the certificate of incorporation by the Securities and Exchange Commission ;PARTNERSHIP Acquires juridical personality form the
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Case 3-1: Southwest Airlines Corporation What is Southwest’s strategy? What is the bases on which Southwest builds its competitive advantage? Cost cutting SWAC uses a low-cost strategy. They had the lowest operating-cost structure in the domestic airline industry. Employee satisfaction Together with this strategy‚ they want to achieve customer satisfaction by employee satisfaction. They are famous for their customer and employee relationship. SWAC has been recognized by multiple organizations
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of ice cream. The Tans’ hamburger‚ made to a home-style Philippine recipe developed by Tony’s chef father‚ quickly became a customer favorite. A year later‚ with five stores in metropolitan Manila‚ the family incorporated as Jollibee Foods Corporation. The company’s name came from TTC’s vision of employees working happily and efficiently‚ like bees in a hive. Reflecting a pervasive courtesy in
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Lion Corporation BHD 1. Introduction Vision: To be among the top 10% lowest cost steel producers in the world Mission: We are committed to make Lion Corporation a caring organisation and be recognised for excellence in quality‚ growth and profitability. Objective: Reposition the Company steel division back to profitable industry within 5 years Corporate governance statement The Board of Directors (“Board”) recognizes the importance of practicing and maintaining
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Toyota Motor Corporation Marina Curmei MGT 521 - Management December 12‚ 2012 Professor Louis Aliberti‚ Esq.‚ J.D.‚ M.B.A. Toyota Motor Corporation Toyota Motor is one of the most competitive companies. Toyota was created in 1937 and since then it operates on the international level. Its products are valuable in Japan‚ North America‚ Europe‚ Asia‚ and many more countries. Toyota Motor is known by producing automobiles. The automobile
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Case 3C RUG BUG CORPORATION A. L. Young has come a long way with his latest invention‚ the Rug Bug‚ a motorized wheelchair made especially for children. His lightweight‚ relatively inexpensive model has no direct competition in a field dominated by companies that produce scaled-down versions of adult models that are inappropriate to the needs of children. A working prototype has been built‚ office space and manufacturing capacity contracted‚ and an initial sales force recruited. The only element
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The Fraud of Digi Corporation For Fraud Examination The Fraud of Digi Corporation Suramanian Krishnan‚ better known as Kris Krishnan was once the CFO of Digi Corporation based in Plymouth‚ Minnesota. He was a graduate of Bangalore University who further studied at Minnesota State University and finished up at the Wharton School of Finance. His career began back in 1979 at Hansen Company as a CPA‚ and he soon moved though several positions as an International tax manager at Eco Lab and
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Target Corporation Financial Analysis Introduction: There are many aspects to my analysis for Target Corporation that I will examine to develop Target’s vision for past‚ present and future performance. What are the different levels that we need to look at to develop the analytic conclusion for Target that will meet our needs and expectations for this analysis? I will be examining Target’s business strategy‚ performing an accounting analysis by examining their accounting policies and recasting
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told that Patricia is a director of SEPL‚ and Dan is a director of FPPL they are classified as officers under the CA. 2. S.181 states‚ “Directors must exercise their powers and discharge their duties in good faith in the best interests of the corporation and for a proper purpose” (slides). In this case Patricia has failed to act in good faith of SEPL through advising her sister that SEPL are buying a large amount of shares in FPPL. Because of Patricia’s actions‚ SEPL lost their chance to buy shares
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