authority to accept the process on behalf of Harvestons or the Texas Securities Commissioner and the return of service does not show a valid manner of service. At last‚ the appellate court of Texas reverse the trial court’s default judgment and remand this case for further proceedings. Issues: (a) Did the return of service shows that process was delivered to someone other than the one named in the citation? (b) Did JoAnn Kocerek has the authority to accept process on behalf of Harvestons or the Texas
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most important lessons to be learned from the Enron scandal? Hanson: The Enron scandal is the most significant corporate collapse in the United States since the failure of many savings and loan banks during the 1980s. This scandal demonstrates the need for significant reforms in accounting and corporate governance in the United States‚ as well as for a close look at the ethical quality of the culture of business generally and of business corporations in the United States. N: Why did this happen
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members as employees. The company had employed Cik Amy‚ a young Accounting graduate with no working experience‚ as their Finance Executive and she will be responsible to maintain and prepare the accounting and financial matters and documentations. CASE SUMMARY Recently‚ Delima Ent. Had secured a contract worth a large amount and due to shortage of funds‚ the company intend to ask for banking facilities from Malayan Banking Berhad and CIMB. The bank required Audited Financial Statements of the company
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“A white paper is a government report outlining policy or authoritative report on a major issue. White papers discuss a specific business issue‚ product‚ or competitive situation.” The Aftermath Affects On December 2‚ 2001‚ Enron filled for bankruptcy under chapter 11 of the US banking code. This sudden collapse of one of Fortune 500 largest companies shocked the world. Once the world’s largest energy company‚ Enron’s scandal became the largest bankruptcy recognition and was attributed as the
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Technology In Healthcare Final Paper Topic: Critically evaluate the use of technology in healthcare and the challenges it presents in healthcare delivery. Offer specific examples or situations addressing technology’s contributions to improving the quality of health and healthcare; consider impact on healthcare costs and analyze trade-offs. Introduction The use of technology in healthcare and the delivery of this technology to healthcare present
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1. Briefly explain why many corporations prefer to issue callable long-term corporate bonds rather than non-callable long-term bonds. There are three main reasons why a corporation may be interested in calling a bond. * Interest rates have fallen‚ so they can refinance at a lower rate. * Credit quality has improved‚ so they can refinance at a lower rate. * Assets have been sold‚ so money is available to pay off debt. If a bond issuer pays investors the going rate of 7% annually in interest‚ and
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Redesign the Human Resource function can be a challenge because of the change that has to take place. There is going to be a process that should be adhered to when performing this transformation. I will be discussing the five steps that need to take place in order for this to go smoothly as possible. These five steps that are going to be discussed are going to get the HR function to work for the size of the company that is being talk about. The first step is going to be assessing the current
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1) What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when it has failed to the management by failing to have Enron establish and enforce its own internal control. There has been flaws to AA‘s internal control. There has been assumption that AA partners were too motivated by revenue recognition thus‚ overlooking several criteria when providing their services to Enron. Additionally‚ AA also recognised the retention of audit clients
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Toyota Revs up U.S. Sales Threats: The Japanese market is getting more competitive and Toyota is losing sales to Nissan and Honda. Chevrolet and Ford are selling better in the U.S. The "Toyota takeover" is not assured. Japanese manufactures gaining a foothold in the US market. American companies are working to update the styling of their cars. Opportunities: Exploiting the U.S. Attaining more local managers in order to Americanize. Import taxes and current risk
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ACCT310 Auditing Individual Assignment 1: The Peninsula Limited: Analysis of a Potential Audit Client Jimmy Chung is the president of the Peninsula Company‚ a retailer and distributor of consumer electronics based in Hong Kong. Although Lam & Company‚ the audit firm had previously audited Peninsula‚ Jimmy has recently become aware of the CPA firm of Zhou & Company from his friend. His interest in the firm was heightened when he discovered that Zhou & Company audited the primary bank with which
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