Altex Corporation Case Study: PROJ 6302 H1 1. Why was a risk management plan considered unnecessary? According to the contract award‚ contracts at that time did not require that a risk management plan be develop while according to the sponsor the risk management plan was not necessary because most of the new weapon systems requirements are established by military personnel who have no sense of reality about what it takes to develop a weapon system based on technology which does not even exist yet
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Introduction As a result of a worldwide recession in the 1980’s the machinery industry suffered a decrease in demand. This was caused mainly by the cost reduction strategies that most of their major consumers were assuming at the time. Harnischfeger Corporation (HC)‚ one of the oldest manufactures in the machinery industry was among the several companies that had to restructure their strategy in order to survive the economic downturn. After suffering a $77 million loss in 1982‚ HC decided to restructure
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Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred‚ service rendered，东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book‚ adjust record to entice customer 2. Channel stuffing: 填塞分销渠道，造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over form是指企业应当按照交易或事项的经济实质进行会计核算，而不应当仅仅按照它们的法律形式作为会计核算的依据
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Introduction Carnival Corporation as the largest cruise line in the world is being a leader and innovator in the cruise line industry. Many of the onboard activities and services were introduced to strengthen the competencies between competitors. The challenges of the Carnival were being overcome by the management with creative and innovative strategies. As a corporate entity‚ Carnival did not refuse to withdraw money to settle the ocean pollution charged by public. The expansions of cruise line
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Variations should not be acted upon unless the change has been authorized by the recognized authority. An authorized change becomes a change order‚ which will affect the cost of the project. In the case of Millennium Erectors Corporation‚ regarding the R Square Residences project‚ there have been at least four variation orders issued in the past few months by the project engineer. Two of them will be studied for the sake of this report. The first example is the front
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Case Analysis #1: Will GM’s Strategic Plan Lead to Future Success? Ivy Tech Community College Business 105-00F In an ever changing world‚ where a business can appear one day and are gone the next‚ General Motors has adopted a strategy to avoid this catastrophe. Knowing if they wanted to stay in the game‚ they would have to make a few sacrifices and changes for the better future of the company. 1) Which of the four basic strategy types were used by GM? Explain your rational
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Expenditures and Revenues Matrix and Summary Monya L. Duncan AJS 522/Finance and Budgeting in Justice and Security November 25‚ 2013 Professor Michael Scott Expenditures and Revenues Matrix and Summary Introduction Lynch and Smith‚ 2004 state that‚ “A “budget” is a plan for the accomplishment of programs related to objectives and goals within a definite time period‚ including an estimate of resources required‚ together with an estimate of the resources available‚ usually compared with one
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Designing the sales territories is an important problem especially for Ethnic Populations. A seller analyses sale history and relationship to targeted ethnics populations provided the basis for the new territories. An employer admits that it usually assigns for example Black and Asian American salespersons to sales territories with a high percentage of Blacks and Asian Americans. It is uncontested that the employer does not harbor ill-will toward either group. Instead‚ the employer believes they
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return on assets of 4% between 2010 and 2011. The profit margin rose from 2% in 2010 to 5% in 2011. Sales rose from $7500 between 2010 and 2011‚ however‚ this does not account for the substantial increase in their net income. While their sales have increased‚ their profits have increased at a faster rate. The significant increase in their net income is largely accounted for by gains on sales of land‚ foreign exchange‚ income from affiliates and short term equity investments. Combined these account
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Room Enron and Madoffs Ponzi scheme: two scandals that changed U.S. history and prove just how weak the controlling mechanisms of developed economies are. Enron‚ the seventh largest company in the United States‚ was declared bankrupt in December 200 1 after its investment partnership proved to be masking a colossal mountain of debt (around $1.2 billion). Similarly‚ Madoffs company‚ Bernard L. Madoff Investment Securities‚ was associated with a $65 billion fraud ’ that affected around 4‚800 clients
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