Assignment 3 1. Based on the limited facts of this case‚ prepare a list of the operational issues to present to top management at BTI. Include in your list any corporate governance issues of importance in relation to the management of BTI after it becomes a public company‚ and issues related to the relationship between BTI and Randy Burnham & Co. Operational issues 1. Working with potential biased audit firm. 2. Lack of internal controls 3. Lack of corporate governance 2. Do you think
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Return on Investment and Economic Value Added as Performance measures in an Organisation. Introduction Performance measurement in an organisation is a fundamental requirement by management‚ investors and other stakeholders. This ultimately guides stakeholders to make appropriate decisions based on information available to them to determine what the organisation wants to achieve and how the performance will be measured. Organisations that are large in structure and operations focus has been to
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strategy is our investment in our most important resource: the Filipino people. With the K to 12 program‚ we are confident that we could equip Juan de la Cruz to develop not only himself and his family but the whole country as well.” President Benigno S. Aquino III the Republic of the Philippines President‚ in his speech during the launching of the K to 12 Program. Hence the Enhanced Basic Education Act of 2013‚ K to 12 Act or Republic Act 10533 was signed and approved on May 15‚ 2013‚ which aims to reconstruct
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What is the Reference Theory of Meaning? The central question of Philosophy of Language is: What makes words & expressions meaningful? (Lycan‚ 2000: 4) The Reference Theory (R.T) provides one answer to this question‚ saying that words are meaningful because they stand for or pick out things in world and they mean the thing they stand for or pick out; they are like labels (Lycan‚ 2000: 4). Complex expressions are meaningful because they contain meaningful words (Lycan‚ 2000: 5). For example‚ “The
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ZZZ Best Company Inc. ZZZ Best Company‚ Inc. is good example for being explored by accounting students regarding audit field. In this case‚ ZZZ Best Company‚ Inc.‚ which is established by Barry Minkow‚ became a tool for its owner i. E. Barry Minkow to get money by lying to thrid parties via fictitious insurance restoration project. Difficulties in developing carpet cleaning industry made Barry Minkow think to get money in wrong way. Collaborate with Tom Padgett and also extensive social
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BuyGasCo Corporation: The Use of Alternative Costing Methods in a Predatory Pricing Lawsuit 1 BACKGROUND2 BuyGasCo Corporation (BuyGasCo) is a major national chain of retail motor fuel (gasoline) service centers. This privately held company is very successful and has been in existence for 35 years. The service centers‚ owned and operated by BuyGasCo‚ are straightforward and typical of those in the industry. The main function of these service centers is to sell gasoline. The company sells three types
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success. Thomas Edison was the master of “trial and error”‚ creating the lightbulb had to result in at least one failure. He claims‚ “I have not failed. I’ve just found 10‚000 ways that work.” There are always different ways to solve a problem‚ however finding one that results in success is difficult and takes time. Spares wins games. Spares were the key to my success in my high school bowling career. Even though I missed spares I practiced until I perfected my 10-pin shot. Even though I missed spares I
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IMPACT OF VALUE-ADDED TAXATION ON INDIAN ECONOMIC SYSTEM A tax is “a backbone of every country to meet their social obligations”. Value Added Tax (VAT) is a general consumption tax assessed on the value added to goods and services. It is a general tax that applies‚ in principle‚ to all commercial activities involving the production and distribution of goods and the provision of services. India has a well-developed tax structure with clearly demarcated authority between Central and
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3. a) Three parties that auditors might be held liable for negligence are : 1. Liability to client (Better Production & Co) 2. Liability to third party who use the information (Usahasama City Bank) 3. Liability to the foreseen user (who rely on the auditor’s financial statement) b) No. Aiman & Co can not be held liable to Usahasama & Co. The only action available for financial loss caused by a false financial statement was in the tort of deceit. In order to succeed‚ the claimant (Usahasama)
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In “Frozen Journey” by Philip K. Dick‚ there is ambiguity and mystery in all parts of the short story. On board on a ship with artificial intelligence‚ the main character‚ Victor Kemmings‚ is trapped in a cryogenic device. The ship must make sure that Victor does not go insane inside the chamber for ten years. This story is a success because it has a perfect mix of science and development of characters. The science in this this story is believable. The ship says‚ “if you are conscious for ten years
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