The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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Case study: Business Process Reengineering General Motors Corporation “General Motors is one of three leading automotive manufacturing companies in the United States. Based in Michigan in 1903 by Henry ford and grew to reach revenue of $150 billion and more than 370‚000 employees by 1996. In the 1970’s‚ the automobile market for the major auto makers - General Motors (GM)‚ Ford‚ and Chrysler- was crunched by competition from foreign manufactures such as Toyota and Honda. In 1999‚ Ford acquired
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The Individual and the Corporation: Kathy Levinson and E*Trade Case Study Lisa C. Henkel Professor Diana Budhai BUS380 Managing Diversity in the Workplace March 2009 Section 30071196 April 29‚ 2009 |Table of Content | Introduction…………………………………………………………………………………..…..3 Background……………………………………………………………………………………....4 Analysis………………………..………………………………….........
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Case Study Case 1-4. X-Philes Data Management Corporation: RFP matters Question 1 We think that the future additional contract with another customer can cause an overload of workers who already have to work long hours and weekends completing Scully and Mulder projects. It can lead to decrease of quality of work and delays of projects completion‚ which in turn will be a reason of lost of the bonus and probable penalties in the work with Scully project. Question 2 The crisis facing Yrisket will
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Case Analysis: Ford Motor Company Global Strategic Management March 4‚ 2013 Ford Motor Company: Organization Profile Ford Motor Company Staying “Ford Tough” Henry Ford established the auto company in June 16‚ 1903. An engineer by formation‚ Henry had a vision of making vehicles that would change society. He wanted to offer an affordable product to the public‚ one that his own workers could buy. His vision took him to model T in 1908‚ and to improve the manufacturing process with the conveyor
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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Polaroid Corporation‚ 1996 In late March 1996‚ Ralph Norwood was faced with the task of restructuring Polaroid’s capital structure. In the past‚ Polaroid had a monopoly in the instant-photography segment. However‚ with upcoming threats in the emerging digital photography industry and Polaroid experiencing recent losses in their market share due to Kodak’s competition‚ Gary T. DiCamillo‚ recently appointed CEO of Polaroid‚ headed a restructuring plan to stimulate the firm’s performance. The firm’s
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A case study on Blade Int Corporation about Inflationary effect 1. How could a higher level of inflation in Thailand affect Blades (assume U.S inflation remains constant)? Although the Blades have already a decreasing demand for “Speedos” and the rate of inflation is high relative to U.S inflation rate. It will affect the current account of Thailand which would be expected to decrease and due to this scenario the exports of demand for other countries will also decline. 2. How would Blades
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1. The audit risk model is composed of four risks. The planned detection risk is a factor of inherent risk‚ control risk‚ and acceptable audit risk. Planned detection risk is the risk the auditor fails to detect misstatements and will increase or decrease dependent on the level of risk in the other three factors. If the auditor determines it is expected that misstatements is highly likely than inherent risk increases and create a higher demand for evidence. As the same with control risk‚ the
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