1. At the end of the case, Bacon finds himself in a difficult situation due to the leaking of confidential company information. This major problem stemmed from the fact that Bacon withheld an important document from Meir and the rest of the task force team. Dr. Cornelius was informed of Bodin’s 6 summary statement report which suggests that the regional sales managers were consistently overstating their sales estimates in order to ensure adequate inventory and rapid delivery. Bodin shared his findings with Bacon and Reiss, in confidence, and they all agreed that none of the information would be presented in the August 4th presentation or to the task force team until Bodin had the opportunity to discuss everything with his boss; Vice …show more content…
2. Early 1991 – Price of gold declines and sales forecasts continue aggressive for Aston-Blair results in excessive inventories of overvalued gold, silver, and platinum.
June 12 – Wynn Aston III asks Peter Casey (vice-president of marketing) and Chris Trott (vice-president of corporate planning) to reexamine the company’s procedures for forecasting sales. Together they decide to create a taskforce and select Michael Bacon (special assistant to Chris Trott) to head the team investigating forecast problems.
July 23 – Meeting set up with Trott, Casey, and the market managers for August 4 to present progress and recommendations.
July 24 – Meeting between task force members is called. Everyone attended except Meir (who was gathering data in NYC). It was decided that more information needs to be gathered and prepared for Burns to review prior to presenting to market managers; August 4th deadline not likely to be met.
August 4 – Meeting begins well and takes a dive once Meir presents. Market manager’s questions validity of research. A break is called to cool off heated arguments and meeting is set to reconvene at 3pm. Confidential information is discovered that may implicate Emile Bodin’s knowledge of foul play within the company. Michael Bacon faced with several dilemmas needing immediate resolution.
3. Stemming from the first meeting when the team was assembled, there was a lack of communication and a lack of
Sparkle Company is a Nigerian diamond mining company. Sparkle is a joint venture, 50 percent owned by Shine and 50 percent owned by Brighten. Both Shine and Brighten are U.S.-based companies with their functional currency being the American dollar. Sparkle Companies functional currency is that of Nigeria, being the Naira. During 2009, Sparkle had several transactions with its joint venture owners and outside parties. The details of Sparkle’s transactions are three loans, three expenditures, and one revenue stream. The loans the company took out were $1 million from Brighten, $1 million from Shine, and 300 million Naira from a local Nigerian bank. The expenditures
While it is true that Ms. Forthright had always exceeded her budgeted sales, the extent to which she diverts away from the managers projections does not necessarily means that she is violating honesty and integrity. Her decision on what her budgeted sales for the year is highly relevant to the data available to her. Her projections tends to lie between the field manager and the marketing manager’s predictions, which can be reasonable because in the past years, the field manager’s projections tend to be over what the actual sales of the year will be.
ASC 320-10-35-33F: “Changes in the quality of the credit enhancement should be considered when estimating whether a credit loss exists and the period over which the debt security is expected to recover.”
This group will plan to meet monthly as the project is implemented and rolled out.
“This,” Terrill announced, “is the reason for the lack of productivity in the Sales Engineering division. These are the reports your people require every month. The fact that they sat on my desk all month shows that no one reads this material. I suggest that the engineers’ time could be used in a more productive manner, and that one brief monthly report from my office will satisfy the needs of the other departments.”
Exhibit 1 gives us an overview of each of the properties, such as the gross purchase price, the depreciable base, estimated sales prices, the amount of the first mortgage and so forth. These assumptions are significant to the calculations used throughout the entire case.
A potential problem with this strategy is with a large, non targeted marketing push, 75% of audience the company would be targeting is not purchasing paint. Based on the company’s standard of recovering the costs within a year, if the company doubles its advertising costs, sales should show a significant increase and there is no guarantee of this.
The primary figure in the case is Charles Foley, VP of a computer retailing firm Sayer Micro World and the case is to be analyzed through his perspective. Foley, together with his Director
Jones-Blair needs to increase their sales while keeping their margins consistent with limited resources on advertising and sales promotion.
1. How might one characterize or describe the architectural paint coatings industry and Jones Blair’s trade area?
However we feel that this strategy also has several weaknesses. Compared to the first option presented by the VP of Advertising, we would still need to advertise that our product is coming down in price. If we don’t advertise, the consumer is still going to be drawn to our competitors because they will remain unaware of the new parity in pricing. Also, if we
Fletcher Anderson was the COO of F&C Company. He was aware of some suspicious transactions in F&C`s accounting records. He also learned about Warehouse Q and that at least $1.5 million of the inventory stored in Warehouse Q could not be located or was defective,
operations during the early part of the “due diligence” process. Wendy was intrigued by what they had
Describes the evolution of gold’s value from the peak of peoples’ interest in it to its recent downfall. The article begins by explaining the price of gold. It then gives three reasons for owning gold. The first one being “gold mining production to decline over the next years by 7%, which in turn will support gold prices.” It also states that even though the price for gold has decreased to 1,100 an ounce it is expected to increases do with this factor. A Wall Street Journal, article “ The Case for Gold ” by Lindsay Gellman starts off by describing how gold prices have dropped in the recent years, butt then argues that the key to gold is not to think of the now but to think of the long term. It states that even though prices are low, in the long run, they will double. Just like the Forbes article Gellman’s article argues that “gold Supply will likely Plateau or drop, pushing prices up.” Both of these articles suggest that by 2020 the price of gold will be more than $2,000 an ounce, saying it is best to start buying now. They both point to historical and contemporary moments, and reasons that buying gold will be beneficial in the long
1. What factors have led to Duane Morris's success? What prompted their late-1990s growth spurt?