Draft a memo from general manager to the finance officer of fair&lovely cosmetics private limited on the subject of purchase of beauty chemicals
Q: Relate the actions taken by Chris Gardner to the five (5) suggestions proposed by Pinchot (1985)…
A: An intrapreneur is an individual who behaves exactly like, an entrepreneur in the company. An…
Q: In all companies, each element of compensation may not be present. Management must select a mix of…
A: Marketing is an activity which the firm takes up to make customers. For this marketing strategies…
Q: What do the statement mean?
A: Ans. The following statements are concerned with benefits of social media and how social media is…
Q: Roland’s organization builds new roads and repairs old ones. Roland's organization is involved in…
A: There are many tasks that are being done in organizations on the basis of the needs and wants of…
Q: The rules and regulations applicable to government projects performed by commercial contractors may…
A: A commercial contractor is a person who worked in the commercial industry and greater experience.
Q: explain these various business and industry in the queuing system - In any financial organisation…
A: "Since you have posted a question with multiple sub-parts , we will solve first three subparts for…
Q: Washington Mutual, was a US bank which went bankrupt at the end of 2008 due to a number of risk…
A: Operation management in an organization aims at providing the highest efficiency possible. It…
Q: 1. X borrows money from a bank memorialized by a written loan agreement. Z orally promises the…
A: Collateral promise refers to a scenario in which the guarantor agrees to pay the debts of a…
Q: Identify the first principle in the process of risk assessment? a. Management specifies objectives…
A: In every organization, there are different types of departments and in different departments,…
Q: Responsibility for the preparation of the financial information of a company rests with?
A: The management of any organization is involved in the organizing, planning, staffing, controlling,…
Q: An agreement in which recognized company sells the right for others to use company name and…
A: In the rapidly increasing world of globalization, it is impossible for any business to operate in…
Q: Briefly explain the procedures in repossession of goods with reference to Hire Purchase Act 1967.…
A: The Malaysian Hire Purchase Act 1967 has focused on providing several remedies to the owner of…
Q: GeoTechnical Pty Ltd is a small engineering advisory firm operating out of Sydney, which began…
A: Eligibility Criteria for GST: All the businesses supplying goods whose turnover exceeds Rs 40 lakh…
Q: Chapter 22 Organizations determine whether to take on debt and how much to take on are common and…
A: 1) sources of capital: Personal capital- usually the personal investment of the founders and…
Q: How to financially manage and supervise the warehouse project to be built?
A: A warehouse is a physical location that is owned or rented by an organization to keep its goods and…
Q: 9. Nizwa Company bought an equipment for manufacturing tube lights and the company management…
A: Depreciation is the expensing of an asset involved in producing revenues throughout its useful life.…
Q: . “There are number of conditions that need to be satisfied before an agency of necessity can be…
A: Agency by necessity is a term used to denote a relationship in which a particular group rests on the…
Q: What are the basic functions of the clerk of works and does he have a delegated authority to issue…
A: A clerk of works is employed by a draftsman or a customer on a building site. The Duties include:…
Q: Financial management involves all the business activities that are related to __________ . a. Human…
A: Finance plays an important role in businesses. Without funds, a business can't run and its survival…
Q: 1.A performance bond submitted by a general contractor to an owner guarantees that the owner will…
A: A performance bond, also known as a contract bond, is a surety bond issued by an insurance company…
Q: Which of the following are the tools of management accounting? i. Standard costing ii. Cash flow…
A: Management accounting Management accounting is that type of accounting that is used by the managers…
Q: Which one of the following would likely NOT be considered a contractual document? Select one: a. A…
A: The correct answer is b. A travel brochure promoting a cruise
Q: What are the objectives of security? Provide a succinct explanation
A: The basic explanation of safety is "the situation of being free from injury or risk. It relates to a…
Q: Write a business letter with bad news and illustrate the main parts of this letter. buffer reasone…
A: As a bank manager of S bank, a letter is written to an individual M for denial of a bank loan.
Q: The Acme Electric Company worked day and night to develop a new current regulator designed to cut…
A: The losses which were incurred by this poor report is that Acme electric company lost the contract…
Q: 3. The mosaic theory holds that an analyst: 1. Violates the Code and Standards if the analyst fails…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: A vessel under your agency has loaded a cargo of steel plates. You have arrangeu tugboats for…
A: Commercial or business law is the code of conduct or norms which governs business and commerce and…
Q: Michael built a calculator (which graphs) using plans Michael found posted on the internet, but he…
A: Case Summary: A calculator is built up by M which is not constructed as per the plan. M sold…
Q: Besides the signature in the letter, some letters are seen to contain initials at the end of each…
A: THE ANSWER IS AS BELOW:
Q: Which item of personal property is not excluded under Coverage C of the Dwelling Program? A:…
A: Most home protection arrangements in Canada depend on the standard mortgage holder's structures from…
Q: If a bank is compiling lists of current stockholders and bondholders for the purpose of remitting…
A: ANS: 1. Bank is acting as a Paying agent as per following explanation: What is paying agent? In…
Q: Agency Issues. One of the “Finance through the Ages” episodes that we cited is the 1993 collapse of…
A: Agency problems: Managers may be avoided from projects which are alluring and dangerous on the…
Q: a positive view of the Board of directors include: a) The board plays an active role in monitoring…
A: Board of directors: The board of directors is commonly referred to as BOD. BOD is the group of…
Q: What is the business lesson? from U.S. v. Warshak
A: Warshak owned a company named Berkeley Premium Nutraceuticals Inclusive which manufactured a male…
Q: If prospective client, who had solid foodservices management experience and excellent marketing…
A: A prospective client is the client who has capacity to pay or have purchasing power to buy the…
Q: In a sheltered workshop the primary emphasis is on: a. Vocational readjustment and reentry into the…
A: A sheltered workshop can be defined as a place of doing work which is especially designed for the…
Q: Amazon bought Whole Foods for almost $14B. Why would it have made sense for Amazonto buy WF instead…
A: Amazon.com is a massive Internet-based business that sells books, music, movies, housewares,…
Q: the uncertain nature of health status gives rise to the demand for insurance coverage among persons…
A: Uncertainty – The health status and the demand for insurance in today’s dynamic market are both…
Q: These facts will be used for questions 1 10. A, an individual, transfers land with an adjusted basis…
A: When the assets are exchanged then the same will be recorded at fair value of asset given up on the…
Q: In your opinion, will a disclosure document be necessary? Why or why not? Please support your…
A: Let us have a look on different means of raising funds- Here the Future Energy Ltd was facing…
Q: Najib does not share any of his business profit. Which of these is his company? a. Najib and Hassan…
A: A corporation may be a legal entity that's separate and distinct from its owners. 1 Corporations…
Draft a memo from general manager to the finance officer of fair&lovely cosmetics private limited on the subject of purchase of beauty chemicals.
Step by step
Solved in 2 steps
- The liability for special assessment bonds for which the city is not obligated in any manner should be recorded in a Multiple Choice Debt service fund general journal. None of the fund or governmental activities general journals, but should be disclosed in the notes to the financial statements. Governmental activities general journal. Custodial fund general journal.The finance director, Montse Mirabelle, has informed you that a significant fraud took place during the year in the payroll department. A number of fictitious employees were set up on the payroll and wages were paid into one bank account. This bank account belonged to two supervisors, who were married, and were employed by Heraklion Co. One had sole responsibility for setting up new joiners in the payroll system and the other processed and authorised bank transfer requests for wages and supplier payments. These employees no longer work for the company and Montse has asked the audit firm for recommendations on how to improve controls in this area to prevent this type of fraud occurring again. Heraklion Co operates a Human Resources department. Required:(c) In relation to the payroll fraud, identify and explain THREE controls Heraklion Co should implement to reduce the risk of this type of fraud occurring again and, for each control, describe how it would mitigate the risk.Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation? Stephen was not responsible for looking into the financial status of Noodleoo before making the agreement. The Franchise rule does not apply to struggling companies. If Noodleoo was not transparent with its financial data, Stephen has no recourse. If Noodleoo was not transparent with its financial data, it has broken the Franchise Rule.
- The board of directors of Northshore plc decided to make a takeover bid for South Shore plc. After the decision was taken, but before it was announced the following chain of events occurred: Blue, a director of Northshore plc, buys shares in South Shore plc Blue tells his friend White about the likelihood of the takeover and White buys shares in South Shore White in turn passes on the information to his friend Green who also buys shares in South Shore Green tells his friend Grey about the information, and he too buys shares in South Shore At a dinner party Blue, without telling him about the takeover proposal, advises his brother Tom to buy shares in South Shore and Tom does so. Questions: Explain the Fiduciary duties of Directors and their relevance. Based on your knowledge of the Director’s duties and powers, explain whether the parties are guilty in each chain of events or the implications.art IScenario IAgroVate, a Delaware corporation, is the target of a bid from Bijoux. Bijoux had originally approached AgroVateâs board with an offer to buy the company, but AgroVate turned down the offer. Now, in newspaper ads and direct mail to shareholders, Bijoux has initiated a tender offer to shareholders well above market price.The Board of Directors of AgroVate consists of the three Maxxo brothers, Happy, Dopey and Sleepy, as well as eight other directors who are not related to the Marx Brothers. AgroVateâs bylaws provide that eight directors constitute a quorum.Manly Pearson, the president of Bijoux, wants to take control of AgroVate and merge it with Bijoux. He plans to replace the current board and sell off AgroVateâs widget finishing division, which he thinks is dragging the company down. Pearson has no interest in the widget business; Bijoux makes service uniforms; Pearson simply sees the takeover as a business…1. Should George have accepted the listing? George states, “I am not discriminating. The owners are the guilty party.” Can george filter potential buyers by credit score? By race? 2. Now that George has accepted the listing, could he be guilty of fair housing violations by association? Could he be innocent because he is only “following orders”?
- Ronald Powers, a well-known local entrepreneur, owned several businesses that filed for bankruptcy from 2010 to 2015. Last year, Powers established R. P. Properties, Inc. Powers is the sole shareholder and invested $2,500 in the company as a capital contribution. R.P. Properties, Inc. purchased 4 houses using a $600,000 loan obtained from the bank. Powers planned to fix up the homes a little and give renters a break on the rent if they agreed to do some repairs. R.P. Properties skipped several mortgage payments on the houses even though his tenants paid the rent. R.P. Properties is no longer able to pay its bills. As one of R.P. Properties' creditors, you seek to hold Powers personally liable for the debts of the company. Will you be successful in holding Powers responsible for the company's debts? Explain why or why not.Omega, Inc., a publicly held corporation, has assets of $100 million and annual earnings in the range of $13 to $15 million. Omega owns three aluminum plants, which are profitable, and one plastics plant, which is losing $4 million a year. The plastics plant shows no sign of ever becoming profitable because of its very high operating costs, and there is no evidence that the plant and the underlying real estate will increase in value. Omega decides to sell the plastics plant. The only bidder for the plant is Gold, who intends to use the plant for a new purpose, to introduce automation, and to replace all current employees. Would it be ethical for Omega to turn down Gold’s bid and keep the plastics plant operating indefinitely for the purpose of preserving the employees’ jobs? Explain.1. Suppose competitor firms in an industry gathered and shared certain data about costs. Under the Sherman Act, such action would likely be: a. per se illegal b. an illegal conspiracy under a rule of reason c. permissible if all information was made public d. permissible unless it could be shown that a market injury occurred .
- Edison's Trust attempted to control theatrical distribution by A. Forcing theater owners to buy licenses to show films B. Forcing theater owners to buy projectors to show films C. Forcing theater owners to buy popcorn and other concessions to show films D. Forcing theater owners to set admission prices to show filmsLionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $35,500 from County Bank and paid interest of $2,130. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for interest on higher-education loans under the following circumstances: Note: Leave no answer blank. Enter zero if applicable. b. Lionel's AGI before deducting interest on higher-education loans is $79,000.The “Compliance with Standards Rule” requires that a member who performs professional services, including consulting services, comply with standards promulgated by bodies designated by Council, regardless of whether the member is holding out as a CPA. The standards applicable to members performing consulting services are set forth in the Statements on Standards for Consulting Services (SSCSs) and specifically state that such standards apply to members holding out as a CPA while providing consulting services. Would a member who does not hold out as a CPA be in compliance with “Compliance with Standards Rule” if the member did not comply with the SSCSs while performing consulting services for a client? Yes or No