The legal issue of ABC partners entailed negligence having set a company beyond their jurisdiction and failed to register a company. ABC is liable to pay damages to Robert Knight. This case is tortuous liability due to the wrongful act of abandoning an oil well and failing to secure a place. This results in Robert having an injury due to the negligent act. The legal rule of Tort holds that one who suffers in case of negligence of another party can claim damages. In this case, ABC partners owe a duty of care to Robert Knight who suffers injury due to their act ...
Goodwill Case Studies Samples For Students
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GOODWILL CASE
Despite the fact that, a business venture may claim to own numerous intangible assets, not all of its intangible assets qualify to appear on the balance sheet. Intangible assets will only appear on the balance sheet based on the following criteria of restrictions; intangible assets will qualify to appear on the balance sheet only if; the business venture acquired the assets i.e. if the intangible assets are not developed within the business enterprise. Also intangible assets can only appear on the balance sheet if they can be identified in terms of value and have a useful timeline and therefore ...
Abstract
On many occasions, many companies have a market value that is more than there book value. This paper analyzes the market and book values of the Meda AB Pharmaceutical Company in a bid to determine some of the factors that may have generated the difference in between the two measures of valuing a company. The paper starts by introducing the Meda AB Pharmaceutical Company as well as outlining the products and services it sells. Using figures obtained from the financial statements prepared by the company in the year 2012, the two measures of obtaining the value of the company will be identified. ...
Introduction
Recreational Living Limited (RL) is a boat manufacturing company that specialises in building fibreglass for boats and canoes that are powered by outboard motors. They also manufacture sailboats that are up to eight meters high.
James MacPherson, the CEO of Recreational Living Limited (RL), is currently facing a dilemma of whether he should relocate the company’s canoe and leisure manufacturing operations to a different location. Two reasons have mainly contributed to him being in such a situation;
A residential neighbourhood that was developed around the company's site and enclosed the company's physical premises. The residents of these neighbouring ...
US GAAP permits LIFO in valuing inventory while IFRS does not permit LIFO in valuing inventory. Secondly, US GAAP recommends two-step impairment of assets while IFRS recommends one -step impairment of assets. Lastly, in US GAAP, assets are not allowed be revalued upwards whereas in IFRS upward revaluation is allowed.
An expense in financial accounting is a monetary equivalent of an asset or resource that has already been consumed in a given financial period for the purposes of generating revenues for that entity. Examples include; salaries, rent, financing costs, and repairing and maintenance costs. On the other hand, an asset ...
The elements of a valid non-compete agreements are: a.) should be supported by a valid consideration at the time of the signing of the agreement; b.) it should be able to protect a legitimate business interest of the employer; and c.) the scope, geography, and time must be reasonable
A non-compete agreement should be supported by valid consideration, wherein the employee is expected to receive a value thing in exchange for the undertaking that such employee will refrain from any competition. When an employee has signed a non-competition agreement before the start of his employment, the employment itself is ...
Introduction
An organisation is composed of people and they have the power to make or break it. If they feel associated and motivated, people can go an extra mile to see the organisation succeed. Alternatively, if they feel alienated and ignored, they will completely detach themselves. So, managing the human resource is very important for any company. The case of Wheeler Motor Services Ltd is one such example. The objective of this paper is to act as a management consultant, and provide consultation and advice for Richard Wheeler so that he can make difficult decisions that will in turn contain ...
British Petroleum (BP) is an energy company, ranked as the third largest in the world. It undertakes oil exploration, refining, and the sale of oil products. The energy industry exposes the company to numerous risks and uncertainties in the exploration, extraction, refining, and sale of products (Bamberg, 2000 p.34). BP has however managed to maintain its top position in having a 100% oil reserve replacement for 17 years. Despite the efforts to maintain safety precautions, unfavorable events have followed the company’s operations. One instance is the explosion in the Gulf of Mexico where the company was drilling in ...
Introduction
Nike is the world’s main supplier of the athletic shoes and attire and is multi-billion dollar corporation. The company was established in 1972 by Philip Knight and since then it is been successfully supplying the athletic shoes and other sports equipment across the globe. In the year 2009, Nike reaped a remarkable profit of US$ 19.2 billion with selling the products in over 140 countries and contracted with 700 factories in more than 40 countries across the globe. Yearly revenue of $19.2 billion (Hill, 2009). The company employs more than 750,000 – the largest in the supply chain. However, ...
Introduction
The analysis of a company can be initiated and done from two different angles known as financial analysis and nonfinancial analysis. However, both of the types of analysis are essential for the investors as well as internal stakeholders of the company (Kamauff, 2010). Most of the times, the analysis would have been performed specifically by the investors to analyze the effectiveness of the financial markets and financial statements, and they are continuously delivering their best to maximize their earnings. Maximization in the earnings is not the attractive behavior and effective sign for an investor, as there are some other dominating ...
Introduction
Microsoft is an American multinational that develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computers. It is best known for Microsoft office. Other products of the company are Xbox which is a gaming device, bing the search engine, internet explorer the web browser. It also offers lot of business solutions like cloud computing, servers, data base management etc. (Official website of Microsoft, n.d.) Microsoft has also entered extremely competitive mobile handset market also. The focus of the present paper is on the product Xbox One. A marketing issue related to Xbox One is identified, analysed and ...
PEOPLES REPUBLIC OF CHINA
Old Chinese values like trust, taking care of aged parents, mutual respect, etc. still dominate China today whereas corruption, nepotism, bureaucracy etc. which are the negative aspects of socialism, have also entrenched themselves following the communist takeover in 1949. The current political model of China today is a mixture of socialism and free-market capitalism, especially in the economic sense. China today can have their cake and eat it too. They can suppress pro-democracy uprisings in Hong Kong taking a communist-socialist stance, and at the same time, they can try to privatize their white elephant SOE’s (State Owned Enterprises).
Two ...
- How well is the team performing? Explain why?
A team can be characterized as "a recognizable group of two or more than two individuals who are "appointed particular parts or capacities to perform progressively, reliably, and adaptively to a typical and esteemed objective/object/mission, who have each been doled out particular parts or capacities to perform, and who have a constrained life compass of enrolment". The team was not performing well and this caused the company to experience a major conflict.
In the case of MediSys, the current Intenscare team is presently a group, not a team (Robbins and Judge, 2012). Then again, ...
Executive Summary
Recommendations made by Jerry on Core Computer Company are good; he can be described as a leader who has a big vision for the company. He has done it before and for Corecompute Company he is ready for the job. Upon his arrival, he has begun identifying issues which are hindering the growth for the company. He has quickly noticed that although the company has grown in terms of employee’s numbers, he is concern that there were no strategic plans to guide the company. Four mangers will be reporting to Jerry and Harry. This is an indication the even the ...
Alistair is a chief legal officer in a well-respected company involved in making lifesaving drugs. He has been asked by the board of the company to investigate rumors of price-fixing within the firm’s European offices. In the course of him doing his mandated duty, he encounters a breach in the operation of one of his firms, involving a Bosnia contract in which a very large commission was paid to Romanian distributor to deliver the kits into Bosnia.
Problem statement: Alistair as a chief legal officer has to make a decision whether this is a form of bribe and if so, whether to write a report to ...
Red Bull was established by Dietrich Mateschitz in year 1985. Company introduces energy drink exclusively in Austria in year 1987. After five years of exclusive operation in Austria Market, Company expanded its business in European market. Company decided to slowly enter into foreign markets in order to create buzz and anticipation. This paper intends to analyze brand equity and other related aspects of Red Bull.
Answer 1
Brand Equity
Brand Equity reflects value premium earned by the company from its product that has well recognized and establish brand name in the market as compare to competitors. Company creates brand equity ...
Introduction|
Since the company has been founded in 2002, it has experienced substantial growth, and notoriety in the book world. It has gone from selling books in mainly stores to branching out to sell books online, competing with online sites such as Amazon and Barnes and Noble. In the past decade the aims of the company have been to make a profit, the goals were fundamental to the overall success of the company. However, Better World Books embarked on social entrepreneurship where we have developed social objectives to promote literacy all around the world. Better World Books thrives on social responsibility ...
A family owned business, or a family business for that matter is may be defined as that business that is started and run by members of a given family lineage. It’s started with a vision shared in the family, and employs mainly members of the family, as well as other professionals to manage the business. Generally though, a family business is run mainly to meet the shared objectives of the family, and also for the benefit of the family.
In most cases, family businesses are managed by one of the family members, who may be advised by professionals and other technical ...
A statement of cash flows, which also referred to as the cash flow statement gives an account of how a business manages its funds. It is part of the financial statements and complements other financial statements as balance sheet and the income statement. It accounts for cash and cash equivalents that enter and leave an organization. The chief objective of a cash flow statement is to offer information as regards an organization’s cash transactions in the financial year under consideration. It also provides information about an organization’s operating activities, financing activities and investing activities. This paper seeks to distinguish ...
Introduction
There are various methods through which an entrepreneur can use to get into a business venture. These methods include commencing a new business, purchasing an existing business operation, or through a franchise. Methods employed in getting into a venture vary from one individual to another. This is because different people have varying perceptions towards the pros and cons of the various methods. Further, different individuals have varying capital and entrepreneurial ability that are necessary for engaging into a business venture. Commencing a new business refers to the development of an original business idea. On the other hand, purchasing an existing business venture refers to the ...
In the current era companies venturing in the beverage industry are facing various impediments in the achievement of quality standards in some of their products. This is due to the complexity of the process of formulating effective strategies which go hand in hand with the client’s demands. This implies that companies have to be creative in crafting their quality plans to ensure they accomplish their organization’s sustainability objectives. This is necessary to ensure that cases of food poisoning and other unwanted substances do not occur in the products. The allegations reported in Belgium regarding the Coca Cola ...