Colton Jones‚ Inc. Marion Jones was once the sole shareholder and president of Chempla‚ Inc.; in 20X1 she sold her stock to Westcoat Industries. She signed an agreement to be a consultant for five years. After being unable to make a profit Westcoat decided to sell their interest in Chempla‚ but were unable to find a buyer. Westcoat offered Chempla back to Marion Jones and an agreement was reached on September 1‚ 20X4. Included in the agreement Marion would be majority shareholder of the newly
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Case 14 Philippine Journalist Inc.‚ 1. Time Context – October 20‚ 1972 (History and start of the experience of the company under martial law) 2. View Point – Mr. Eduardo B. Olaguer (Chairman of the Board and CEO) 3. Major Policy Statement - The Philippine Journalist Inc.‚ is a publishing company of group of journal such as People’s journal‚ Journal Tonight etc. it is known for local and international standards in publishing journals‚ and aims to equal other company not only locally but also
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Memorandum To: Blaine Kitchenware Inc. Board of Directors CC: Mr. Victor Dubinski From: Date: 1/13/2013 Re: BKI stocks repurchase To review Blaine Kitchenware Inc.’s (BKI) current debt‚ equity and leverage levels with respect to the highly advisable repurchase of 14 million shares of stock at $18.50 per share and the related‚ necessary financing. BKI is currently highly over-liquid and under-levered. The firm can anticipate elevated tax rates due to the lack of debt held. BKI has also
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Company Introduction NetApp‚ in the past called Network Appliance‚ Inc.‚ is a company founded 24 years ago in 1992 by David Hitz‚ James Lau and Michael Malcolm headquartered in Sunnyvale‚ California‚ USA‚ which has over 12.000 employees worldwide and 150 offices around the world. NetApp is one of the companies that work on providing computer storage and data management solutions to make things easier for their customers. (NetApp‚ 2016) NetApp storage systems are hardware and software based data storage
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Scenario 1 Energy Inc. has a present obligation (IAS 37-17) and probable liability (ASC 450-20-25-2) on December 31‚ 2011 as a result of a past event‚ the contamination of the land‚ because it is virtually certain that a draft law requiring cleaning up will be enacted. It is probable (more likely than not) that Energy Inc. will be required to transfer economic benefits in settlement which is an outflow of resources embodying economic benefits in settlement (IAS 37-23). The amount of the obligation
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knowledge they need prior to conducting even one interview. They also should have classes yearly that reinforce and go over any changes in the law. One case that every company with union employees need to understand is the landmark case of NLRB v. J. Weingarten‚ Inc. (CASE INFO) During the course of an investigatory interview‚ the employee asked for and was denied the presence
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Sorzal Distributors‚ Inc. Sorzal Distributors‚ Inc. is an importer and distributor of a wide variety of South American and African artifacts. It is also a major source of authentic jewelry and pottery made by Native American tribes of the southwestern United States-especially‚ Hopi an I d Navajo. The firm’s headquarters is located in Phoenix Arizona‚ with branch offices in Los Angeles‚ Miami‚ and Boston. Sorzal (named after the national bird of Honduras) originated as a trading post operation
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proposal affect the company? When companies have zero debt it is usually recommended that they incur some debt as it enables them to be able to invest additional resources in the company to grow it. This of course is not the case with Electronic Timing Inc.‚ as they already have debt that they are wanting to pay off. When a company has zero debt it is usually beneficial for it to incur debt because the debt can be used to grow the company. If we Electronic Timing goes along with the plan recommended
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Manufactured Homes‚ Inc. QUESTIONS: 1. Identify the accounting policies of Manufactured Homes which have the most significant impact on the company’s financial statements. What are the key assumptions behind these policies? Do you think that these assumptions are justified? 2. Evaluate the company’s financial and operating performance during 1986 and the first nine months of 1987. 3. Given the company’s business strategy‚ accounting policies‚ and recent performance‚ what is your assessment of its
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Flash Memory Inc. For the Flash Memory Inc. case you will turn in both a write-up of your analysis and a spreadsheet that contains any financials or calculations you performed. The formal write-up should contain an overview of how you tackled specific issues presented in the case‚ how you set up the spreadsheet to present you analysis‚ and a discussion of any assumptions you are making. To guide you through the case‚ below are a set of questions you will need to address. Structure your written
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