The Enron Scandal and Analysis Business Law I- LEG100 *Describe how Enron could have been structured differently to avoid such activities. Enron lacked what every company‚ big or small‚ must have in place to survive and continue in the long-term. Internal controls and procedures is a company’s shield against theft‚ waste‚ and inefficiency. If Enron had structured their business around the five components of internal control the company may still be alive today. Those five components are:
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In the early to mid-1900’s Americans were cruel to African-Americans through racism‚ segregation‚ and inequality. The Scottsboro Trials took place in the 1930’s and consisted of nine ‘colored’ men accused of raping two white women on a train. Of course‚ since life wasn’t exactly fair for everyone during this time‚ the trials resulted in biased results. Plus‚ the jury selected‚ was made up entirely of white men who were clearly in favor of the two white women. The Scottsboro Boys’ Trials eventually
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The New Deal was introduced in the 1930’s and it brought about reforms like social security‚ union-friendly labor laws‚ and agencies such as the economy act‚ federal deposit Insurance Corporation‚ and Securities and Exchange Commission. The Federal deposit Insurance Corporation was set up as an insurance policy on bank accounts. In 1933‚ banks would insure up to 2‚000 dollars‚ whereas now banks will insure up to 200‚000 dollars. In 1945‚ WWII ended and many people were supportive of the New Deal
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Which segment of its operations got Enron into difficulties? The fall of Eron has understandably generated significant interest in the professional literature as well as in the popular press. The activities and events underlying Enron’s collapse are manifold‚ but several stand out as particularly noteworthy. One is the use of special purpose entities (SPEs). Although SPEs often serve legitimate economic purposes and are still in use today‚ Enron used several of them to hide debt and to overstate
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The 1950’s-60’s70’s-80’s Miranda Moultrie Nixon Back Again The United States presidential election of 1968 was the 46th quadrennial presidential election‚ held on Tuesday‚ November 5‚ 1968. Moon Shot On July 21‚ 1969‚ President Nixon spoke from the Oval Office to Apollo 11 astronauts Neil Armstrong and Edwin Aldrin at the Sea of Tranquility on the Moon. Apollo 11 was the spaceflight that landed the first humans on the Moon‚ Americans Neil Armstrong and Woodstock A village in New York state
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The articles that were assigned were accounts from Spanish men who actually lived during the 1700’s to the mid 1800’s‚ and their impact on the Indians. They were able to document different situations in which the Natives were exploited or abused‚ although some portions of the readings like the one by Father Junipero of the San Diego Mission‚ or that of Captain Alejandro Malaspina are completely one sided. Both make it seem to the reader like the Natives were uncivilized and didn’t have a fear of
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3. Depreciation percentage=$1‚640‚200/$15‚411‚620 = 10.64% New Fixed Assets=$15‚411‚620 + $30‚000‚000 = $45‚411‚620 $45‚411‚620*.1064 = $4‚831‚796 new depreciation Pro forma Income Statement Sales ($36‚599‚300*1.12) $40‚991‚216 Cost of Goods Sold ($26‚669‚496*1.12) 29‚869‚836 Other Expenses ($4‚641‚000*1.12) 5‚197‚920 Depreciation 4‚831‚796 EBIT 1‚091‚664 Interest 573‚200 Taxable Income 518‚464 Taxes
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For over 100 years‚ electricity was a regulated industry in the United States. This practice required consumers to purchase electricity directly from monopolized utility companies where prices are regulated by the government. A law was enacted in California that called for the deregulation of energy. With deregulation‚ consumers would be able to select their preferred suppliers and prices would no longer be governed by a regulatory body. Although consumers in California believed that they would
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end capitalism. This resulted in an ideological‚ economic‚ and military conflict known as the Cold War. The Cold War would ultimately shape American politics‚ economics‚ and cultural and social developments from the 1940’s through the 1960’s. Another issue
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100 02/17/13 Enron: One of the Largest Scandals of the Twentieth Century Would you defraud millions of people and steal billions of dollars from them? The very idea likely makes your skin crawl. And yet‚ that is exactly what Enron‚ a massive power company did for many years. We shall see how their insatiable greed and lust for power was the cause of their downfall and ultimate ruin. Enron prided themselves on being ’’the smartest guys in the room.’’ The company was determined to be at
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