Category: Business and Management

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• ACC/291 Ratio Analysis Memo WK 5

  $15.00

  Resources: Virtual Organizations
  Click the Virtual Organization link to access the Virtual Organizations.
  Select one of the Virtual Organizations as the basis for this assignment.
  Obtain faculty approval of your selected organization before beginning the assignment.
  Access the information contained in your selected organizations balance sheet and income statement to calculate the following:

  • Liquidity ratios
    Current ratio
    Acid-test or quick ratio
    Receivables turnover
    Inventory turnover
    Profitability ratios
    Asset turnover
    Profit margin
    Return on assets
    Return on common stockholders equity
    Solvency ratios
    Debt to total assets
    Times interest earned

  Show your calculations for each ratio.
  Create a horizontal and vertical analysis for the balance sheet and the income statement.
  Write a 350- to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis. In your memo address the following questions:
  What do the liquidity profitability and solvency ratios reveal about the financial position of the company?
  Which users may be interested in each type of ratio?
  What does the collected data reveal about the performance and position of the company?
  Format your memo consistent with APA guidelines.

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• Stockholders’ Equity Section of Lachlin Corporation Balance Sheet

  $7.50

  ACC 291 WEEK 4 Stockholders’ Equity Section of the Balance Sheet (Lachlin Corporation Balance Sheet)

  Purpose of Assignment 

  The purpose of this assignment is to help you become familiar with examining the stockholders’ equity section of the balance sheet.

  Assignment Steps 

  Resources: Financial Accounting: Tools for Business Decision Making

  Answer the following questions in 1,050 words using the Lachlin Corporation Balance Sheet (partial) below:

  ·         How many shares of common stock are outstanding?

  ·         Assuming there is a stated value, what is the stated value of the common stock?

  ·         What is the par value of the preferred stock?

  ·         If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?

  ·         If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

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• Solved: Costing Exercise 1 – Problem 4

  $20.00

  Exercise-1 (Unit product cost under variable and absorption costing)

  Posted in: Variable and absorption costing exercises
  Super Bike Manufacturing Company presents the following data for 2011:
  Opening inventory 0 Units
  Sales 8,000 Units
  Production 10,000 Units
  Closing inventory 2,000 Units
  Direct materials $240
  Direct labor $280
  Variable manufacturing overhead expenses $100
  Variable selling and administrative expenses $40
  Fixed manufacturing overhead expenses $1200,000
  Fixed selling and administrative expenses $800,000
  Required: Compute the unit product cost of one bike under:
  1. Absorption costing system.
  2. Variable costing system.

  Exercise-2 (Variable costing income statement, Reconciliation of net operating income)

  Posted in: Variable and absorption costing exercises
  The following is the absorption costing income statement of a manufacturing company:
  Sales (40,000 units @ $67.50) $2,700,000
  Less cost of goods sold:
  Opening inventory 0
  Add cost of goods manufactured (50,000 ×
  42) 2,100,000
  ———-
  Available for use 2,100,000
  Less closing inventory 420,000 1,680,000
  ———- ———-
  Gross margin 1,020,000
  Less selling and administrative expenses 840,000
  ———-
  Net operating income 180,000
  ———-
  Fixed selling and administrative expenses are $600,000. Variable selling and
  administrative expenses are $6 per unit sold. The unit product cost under
  absorption costing is computed as follows:
  Direct materials $20
  Direct labor 8
  Variable manufacturing overhead 4
  Fixed manufacturing overhead
  ($500,000/50,000) 10
  ——-
  Total cost per unit $42
  ——-
  Required:
  1. Prepare a contribution margin income statement using variable costing system.
  2. Reconcile any difference between net operating income figure under variable
  costing income statement and net operating income figure under absorption
  costing income statement.

  Exercise-3 (Unit product cost under variable costing, break-even point)

  Posted in: Variable and absorption costing exercises
  A company manufactures and sells large size tables to be used in the offices of the
  executives. One table is sold for $400. The data for 2010 is as follows:
  Manufacturing costs:
  Direct materials per unit $120
  Direct labor per unit $60
  Variable manufacturing overhead per unit $20
  Fixed manufacturing overhead per year $600,000
  Non-manufacturing costs:
  Variable selling administrative per unit $40
  Fixed selling administrative $900,000
  Inventory:
  Opening 0
  Production during 2010 10,000
  ———
  Units available for sale 10,000
  Sales 9,000
  ———
  Closing inventory 1,000
  ———
  Required:
  1. Compute cost of one table under variable costing.
  2. Prepare income statement if variable costing is used.
  3. Compute breakeven point in units.
  4. Calculate net operating income of the company under absorption costing by
  preparing a reconciliation schedule.

  Exercise-4 (Variable and absorption costing ending inventory, external reports)

  Posted in: Variable and absorption costing exercises
  The production and sales data of Albari company for the year 2011 is as follows:
  Variable costs per unit:
  Direct materials $20
  Direct labor $10
  Variable manufacturing overhead $4
  Variable selling and administrative
  expenses
  $8
  Fixed costs per year:
  Fixed manufacturing overhead $180,000
  Fixed selling and administrative expenses $600,000
  During 2011, Albari company manufactured 30,000 units out of which 25,000 units were
  sold. At the end of 2011, the finished goods inventory account showed a balance of
  $170,000.
  Required:
  1. What costing method is used by Albari to compute finished goods inventory?
  2. Should company use $170,000 finished goods inventory figure for external
  reports? if not what is correct amount in dollars that the company should use for
  external reporting purpose?

  Exercise-5 (Variable and absorption costing income statement, reconciliation)

  Posted in: Variable and absorption costing exercises
  AGA company manufactures and sells a product for $20/Kg. The data for the last year is
  given below:
  Sales 75,000 Kg
  Finished goods inventory at the beginning of the
  period 12,000 Kg
  Finished goods inventory at the closing of the period 17,000 Kg
  Manufacturing costs:
  Variable cost $8 per Kg
  Fixed manufacturing overhead cost $320,000 per
  year
  Marketing and administrative expenses:
  Variable expenses $2 per Kg of sale
  Fixed expenses $300,000 per
  year
  Required:
  1. Income statement using absorption and variable costing methods.
  2. Explanation of the cause of difference in operating income under two concepts.

  Problem-1 (Variable costing income statement and reconciliation)

  Posted in: Variable and absorption costing problems
  Absorption costing income statement of a company for the first two years is as follows:
  Year-1 Year-2
  Sales 2,000,000 3,000,000
  Less cost of goods sold:
  Beginning inventory 0 340,000
  Add cost of goods manufactured 1,700,000 1,700,000
  ————- ————-
  Goods available for sale 1,700,000 2,040,000
  Less ending inventory 340,000 0
  ————- ————-
  Cost of goods sold 1,360,000 2,040,000
  ————- ————-
  Gross margin 640,000 480,000
  Less selling and administrative expenses* 620,000 680,000
  ————- ————-
  Net operating income 20,000 280,000
  ————- ————-
  *6 per unit variable; $500,000 fixed each year.
  The manufacturing cost per unit is computed as follows:
  Direct materials $16
  Direct labor $20
  Variable manufacturing overhead $4
  Fixed manufacturing overhead $28
  ——
  $68
  ——
  Sales and production for two years:
  Year-1 Year-2
  Units produced 25,000 25,000
  Units sold 20,000 30,000
  Required:
  1. Prepare a variable costing (contribution margin) income statement.
  2. Reconcile net operating income figures.

  Problem-2 (Variable and absorption costing unit product costs and income statements)

  Posted in: Variable and absorption costing problems
  A company manufactures a unique device that is used to boost Wi-Fi signals. The
  following data relates to the first month of operation:
  Beginning inventory 0
  Units produced 40,000
  Units sold 35,000
  Selling price per unit $120
  Selling and administrative expenses:
  Variable per unit $4
  Fixed (total for the month) $1,120,000
  Manufacturing costs:
  Direct materials cost per unit $30
  Direct labor cost per unit $14
  Variable manufacturing overhead cost per unit $4
  Fixed manufacturing overhead cost $1,280,000
  Management is anxious to see the profitability of newly designed unique booster.
  Required:
  1. Calculate unit product cost and prepare income statement under variable costing
  system and absorption costing system.
  2. Prepare income statement under two costing system.
  3. Prepare a schedule to reconcile the net operating income under variable and
  absorption costing system.

  Problem-3 (Impact of change in production on variable and absorption costing)

  Posted in: Variable and absorption costing problems
  AJX company manufactures and sells a single product. Company sold the same number
  of units this year as it did last year but generated different profit for two years. The
  president asks for the explanation of difference in net operating income for two years.
  The income statements of two years are as follows:
  Year 1 Year 2
  Sales (40,000 units) $2,500,000 $2,500,000
  Less cost of goods sold $1,680,000 $1,440,000
  ————- ————-
  Gross margin 820,000 1,060,000
  Less selling and administrative expenses 700,000 700,000
  ————- ————-
  Net operating income 120,000 360,000
  ————- ————-
  Sales, production and production for two years are as follows:
  Year 1 Year 2
  Production in units 40,000 50,000
  Sales in units 40,000 40,000
  Variable production cost per unit $12 $12
  Fixed manufacturing overhead cost $1,200,000 $1,200,000
  Variable selling and administrative expenses of AJX are $4.00 per unit sold. A new
  manufacturing overhead rate is computed each year.
  Required:
  1. Calculate unit product cost for both the years under absorption costing and direct
  costing (variable costing).
  2. Prepare a contribution margin format income statement for two years.
  3. Reconcile the net operating income figures for each year under two costing
  methods.
  4. Explain how operations would have different in year 2 if the company had been
  using just in time (JIT) manufacturing and inventory control methods.

  Problem-4 (Constant production and change in sales – variable and absorption costing)

  Posted in: Variable and absorption costing problems
  Fine Producers Inc. suffered a loss for the first month of operations. Following is the
  income statement prepared by the accounting service providers of Fine Producers.
  Sales $400,000
  Less variable cost of goods sold $160,000
  ————
  Gross contribution margin $240,000
  Less variable selling and administrative expenses $60,000
  ————
  Contribution margin $180,000
  Less fixed expenses:
  Fixed manufacturing overhead $150,000
  Fixed selling and administrative expenses $40,000 $190,000
  ———— ————
  Net operating loss $(10,000)
  ————
  The loss created a serious problem because company was planning to use the statement to
  encourage investors to purchase the stock of the company. Other relevant data is given
  below:
  Units produced during the first month of operation 50,000
  Units sold during the first month of operation 40,000
  Variable unit cost:
  Direct materials $2.00
  Direct labor 1.60
  Variable manufacturing overhead expenses 0.40
  Variable selling and administrative expenses 1.50
  Required:
  1. What costing method was used by the accounting service providers to prepare
  income statement of Fine Producers Inc? Can an absorption costing income
  statement show a profit rather than loss? Support your answer with computations.
  2. Prepare company’s income statement using variable costing and absorption
  costing for the second month if 60,000 units were sold in the second month and
  there were no closing inventories.
  3. Reconcile the second month’s net operating income under both the costing
  approaches.

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• Lessons Learned Revised Leadership Statement

  $12.00

  DOC 731R DAY 5 Lessons Learned Revised Leadership Statement

  This assignment requires personal reflection and reflexivity; it will demonstrate a scholarly opinion regarding leadership, and as such, it should be supported with appropriately cited research and clear connections to examples of your grounded thinking and experience. The use of first person in this paper is appropriate as you wish.

  Review the Final Paper Scoring Guidelines

  Write a 1500 – 2500-word paper integrating your learning from the DOC/731R leader, peer leader, and followership experiences. This paper may also include reflections on your critical journaling, teamwork, and daily rounds of peer and faculty feedback incorporate all these aspects into a comprehensive overview of your learning process in this course.

  Synthesize your experience within the greater body of knowledge, answering questions such as:

  • What were your underlying assumptions about your own leadership coming into the course?
  • What are they now?
  • How have you evolved your thinking, your self-awareness, your self- management, and your empathy?
  • What are the implications of this evolution for the future?
  • What cultural, ethnic, and socio-economic class assumptions may be in play within your leadership? What insights did you gain about your team in terms of its process?
  • What insights have you gained about your enacted leadership?
  • What insights have you gained about your enacted followership?
  • Overall how have you increased your awareness and ability to enact praxis (SPL) as an organizational team leader?

  Communicate, clearly, a detailed individual professional leadership development plan for the next year. For example, clarify your detailed plan for addressing the feedback from your peer evaluations, peer coaching inputs, faculty input, and contributions and questions from the entire class. Possible categories could include aspects of Emotional Intelligence such as, self-awareness, self-management, social awareness; relationship management.

  Provide abundant specific evidence to demonstrate your ability to learn about your situated scholar-practitioner leadership through ongoing refinement of your questions and critical reflection-in-action (praxis).

  This assignment requires personal reflection and reflexivity; it will demonstrate a scholarly opinion regarding leadership, and as such, it will be supported with appropriately cited research and clear connections to examples of your grounded thinking and experience during the course.

  Format your paper consistent with APA guidelines.

  Click the Assignment Files tab to submit your assignment.

  Download File

• ETH 321 Week 4 Individual Assignment Sarbanes-Oxley And Corporate Governance Paper 

  $12.00

  ETH 321 Week 4 Individual Assignment Sarbanes-Oxley And Corporate Governance Paper 

  Read “Case 15.3 Free Enterprise Fund v. Public Company Accounting Oversight Board” in Ch. 15 of the text.

  Write a paper of 700- to 1,050-words in which you answer the following:

  If auditing of financial statements is required for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements? Why or why not?

  How does the decision in this case impact the validity of the Board and other provisions of the Sarbanes-Oxley Act?

  Cite at least 3 peer-reviewed sources.

  Format your paper consistent with APA guidelines.

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• ECO/365 Final Examination Study Guide

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  ECO/365 Final Examination Study Guide

  This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions, which are related to each week’s objectives. Highlight the correct response, and then refer to the answer key at the end of this Study Guide to check your answers.

  Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar with, refer to the Student Guide for that particular week.

  Week One: Fundamentals of Microeconomics

   

  Objective: Differentiate between macroeconomics and microeconomics.

   

  1. Macroeconomics is
  2. the study of individual choice and how that choice is influenced by economic forces
  3. the study of the pricing policies of firms and the purchasing decisions of households
  4. the study of aggregate economic relationships
  5. an analysis of economic reality that proceeds from the parts to the whole

   

  2. The invisible hand theorem comes from
  3. microeconomics
  4. macroeconomics
  5. sociology
  6. political science

   

  Objective: Analyze the effect of changes in supply and demand on the equilibrium price and quantity.

   

  3. The law of demand states that the quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes
  4. up, the quantity demanded goes up
  5. up, the quantity demanded goes down
  6. down, the quantity demanded goes down
  7. down, the quantity demanded stays the same

   

  4. Which of the following situations best demonstrates the law of demand?
  5. Moviegoers react to an increase in the price of a ticket by seeing fewer movies per year.
  6. Moviegoers see fewer movies per year due to an overall decrease in the quality of newly released motion pictures.
  7. A drought causes a decrease in the availability of pumpkins, resulting in fewer jack-o-lanterns displayed on Halloween.
  8. An increase in the number of people writing economics textbooks results in a decrease in average textbook prices.

   

  Objective: Determine how elasticities affect pricing and purchasing decisions.

   

  5. If quantity demanded does not change when the price changes, the demand
  6. is elastic
  7. is inelastic
  8. has unit elasticity
  9. is perfectly inelastic

   

  6. High gasoline prices hit commuters who live far from their jobs in areas with little public transportation hard. With few alternatives, they have to bear the higher cost. Based on this information, how would you characterize demand for gasoline by these commuters?
  7. Gasoline is a luxury good.
  8. Gasoline is an inferior good.
  9. Demand for gasoline is elastic.
  10. Demand for gasoline is inelastic.

   

  Week Two: Production and Cost Analysis

   

  Objective: Describe the relationship between the number of inputs and the law of diminishing marginal productivity.

   

  7. Mr. Woodard has found it necessary to hire more workers. However, he has observed that doubling the number of workers has less than doubled his output. What is the likely explanation?
  8. The law of diminishing marginal utility
  9. The law of diminishing marginal productivity
  10. The law of supply
  11. The law of demand

   

  8. Marginal product eventually
  9. declines because some inputs are fixed
  10. increases because some inputs are fixed
  11. declines because some inputs are variable
  12. increases because some inputs are variable

   

  Objective: Analyze the relationship between productivity and the cost of production.

   

  9. Suppose you operate a factory that produces gadgets. Your current output is 1,000 gadgets. If your fixed cost is $10,000 and your total cost is $50,000, then the
  10. average total cost of production is $500
  11. average variable cost of production is $40
  12. average variable cost of production is $50
  13. marginal cost of production is $40,000

   

  10. The average variable cost curve is a mirror image of the
  11. total product curve
  12. marginal product curve
  13. average product curve
  14. marginal cost curve

   

  Objective: Analyze the effect of changes in the supply of and demand for factors of production on the price of inputs.

   

  11. Suppose wages and employment decrease. These changes were most likely caused by a(n)
  12. decline in immigration
  13. increase in emigration
  14. increase in the working age population
  15. decline in business activity in the economy

   

  12. The incentive effect refers to how much a person will change his or her
  13. hours worked in response to a change in the wage rate
  14. wage rate in response to a change in productivity
  15. quantity demanded of a taxed good in response to a change in the tax rate
  16. wage rate in response to a change in the tax rate on earnings

   

  Objective: Analyze the effect of changes in marginal revenues and costs on a firm’s profit-making potential.

   

  13. Rachel left her job as a graphic artist, where she earned $42,000 per year, to open her own graphic arts firm. Her explicit costs for the new business include
  14. only the expenses incurred for office space, equipment, and supplies
  15. only her foregone salary of $42,000 per year
  16. both the expenses incurred for office space, equipment, and supplies, and her foregone salary of $42,000 per year
  17. neither the expenses incurred for office space, equipment, and supplies, nor her foregone salary of $42,000 per year

   

  14. If your company cell phone bill is either $40 when you use up to 300 minutes per month or $80 when you use between 300 to 400 minutes per month, the marginal cost of the 301st minute is
  15. $0.13
  16. $0.27
  17. $40
  18. $80

   

  Week Three: Market Structure

   

  Objective: Compare various market structures and their characteristics.

   

  15. A market structure in which one firm makes up the entire market is
  16. a monopoly
  17. perfect competition
  18. an oligopoly
  19. monopolistic competition

   

  16. There are many restaurants in Raleigh, North Carolina, each one offering food and services that differ from those of its competitors. There is also the free entry of sellers into the market, and each seller serves a small fraction of the total number of meals served each day. The restaurant industry in Raleigh is best categorized as
  17. an oligopoly
  18. monopolistically competitive
  19. a pure monopoly
  20. perfectly competitive

   

  Objective: Evaluate the effectiveness of competitive strategies within market structures.

   

  17. The difference between a monopolist and a monopolistic competitor is that
  18. a monopolist equates marginal revenue and marginal cost while a monopolistic competitor equates price and marginal cost
  19. the average total cost curve of a monopolistic competitor is tangent to the demand curve in long-run equilibrium, but the average total cost curve of a monopolist can be in a position below the price in long-run equilibrium
  20. the average total cost curve of a monopolist is tangent to the demand curve in long-run equilibrium, but the average total cost curve of a monopolistic competitor can be in a position below the price in long-run equilibrium
  21. the average total cost curve of a monopolist is tangent to the demand curve in long-run equilibrium, but the average total cost curve of a monopolistic competitor can be in a position above the price in long-run equilibrium

   

  18. If a perfectly competitive firm finds that price is less than the average variable cost, it should
  19. not adjust output if marginal cost equals price
  20. shut down immediately
  21. increase output until price equals marginal cost
  22. decrease output until price equals marginal cost

   

  Objective: Determine profit-maximizing strategies based on market structure analysis.

   

  19. A perfectly competitive firm facing a price of $10 decides to produce 100 widgets. If its marginal cost of producing the last widget is $12 and it seeks to maximize profit, the firm should
  20. produce more widgets
  21. produce fewer widgets
  22. continue producing 100 widgets
  23. shut down

   

  20. If a firm has a monopoly over the sale of photographic paper and seeks to maximize profits, it
  21. adjusts the price of the product until demand becomes perfectly inelastic
  22. will set the price of the product equal to the marginal cost of production
  23. will set the price of the product equal to the average total cost of production
  24. will set the price of the product so its marginal revenue equals its marginal cost

   

  Week Four: Public Policy in Economics

   

  Objective: Analyze the effect of externalities on market outcomes.

   

  21. The best example of a positive externality is
  22. roller coaster rides
  23. pollution
  24. alcoholic beverages
  25. education

   

  22. The cost of running an electrical utility includes costs for fuel, labor, and capital. In addition, there are sometimes costs associated with pollution from the utility, such as increased health care costs for people living near the utility. To an economist, the costs associated with the pollution resulting from additional electricity are
  23. marginal private costs
  24. marginal social costs
  25. the difference between marginal social costs and marginal private costs
  26. the sum of marginal social costs and marginal private costs

   

  Objective: Differentiate among horizontal, vertical, and conglomerate mergers.

   

  23. When Turner Network, producer and owner of movies, bought a local cable company, it was an example of a
  24. horizontal merger
  25. vertical merger
  26. conglomerate merger
  27. diagonal merger

   

  24. KMart^® acquired Sears^® so both companies could better compete with Walmart^®. This acquisition is an example of a
  25. vertical merger
  26. conglomerate merger
  27. horizontal merger
  28. hostile takeover

   

  Objective: Analyze the effect of government interventions, taxation, and regulations on economic behavior.

   

  25. When government imposes a per unit tax on a product, the net price producers receive for the product after all taxes typically
  26. increases by the amount of the per unit tax
  27. increases by less than the amount of the per unit tax
  28. decreases by the amount of the per unit tax
  29. decreases by less than the amount of the per unit tax

   

  26. In 1997, the federal government reinstated a 10% excise tax on airline tickets. The industry tried to pass on the full 10% ticket tax to consumers, but was only able to boost the price per plane ticket by 4%. From this, you can conclude that the
  27. demand for airline tickets is perfectly inelastic
  28. supply of airline tickets is perfectly inelastic
  29. demand for airline tickets is price elastic
  30. supply elasticity of airline tickets is less than infinity

   

  Week Five: Global Competition

   

  Objective: Determine the effect of global competition on an organization’s strategies for maximizing profits.

   

  27. Countries can expect to gain from international trade as long as they
  28. keep production diversified
  29. specialize according to their comparative advantage
  30. produce only those goods for which they have a relatively high opportunity cost
  31. use trade restrictions to reduce competition for domestic producers

   

  28. Technological changes in telecommunications have
  29. reduced the importance of services in the world economy
  30. allowed increased foreign trade in many services
  31. reduced the need for foreign trade in many services
  32. profoundly affected trade in manufactured goods with little effect on trade in services

   

  Objective: Analyze the effect of global competition on the relationship between management and labor.

   

  29. In the US, the outsourcing of service jobs, such as those in call centers, has become a political issue. How do economists typically view outsourcing?
  30. It helps both countries in the long run.
  31. It hurts both countries, because the US loses jobs and the employees of the call center are exploited with low wages.
  32. It helps the US, but hurts the country with the low-cost labor.
  33. It helps the country getting the jobs, but hurts the US.

   

  30. When a U.S. company establishes a call center in India that answers its customer service calls, the US is
  31. outsourcing, a form of importing services
  32. outsourcing, a form of exporting services
  33. insourcing, a form of importing services
  34. insourcing, a form of exporting services

   

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• ACC 291 Week 1 Disposition of Accounts Receivables

  $3.50

  ACC 291 Week 1 DQ 1

  How would you describe the entries to record the disposition of accounts receivables? What is their function? How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method?

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• Mixed Fortunes at Domino’s Case Study

  $20.00

  Introduction to Management Case Study: Mixed Fortunes at Domino’s
  This case study is based on a compilation of investigative reports by Fairfax media.
  Names of franchisees and employees have been changed. Domino’s is an Australian pizza chain with a network of franchises and over 600 retail stores nationally. It has been hailed as a success story since it was listed on the Australian Stock Exchange in 2005. In just over a decade, Domino’s shares have surged more than 2500 per cent, making it one of the best performers on the market and making a lot of people wealthy. In 2016 the company generated total revenue of $939,976,000.
  Background of Domino’s
  Domino’s has the world’s biggest pizza menu with more than 200,000 options, helping boost Domino’s sales to more than 90 million pizzas annually with a guarantee to deliver pizza within 15 or 20 minutes for an extra cost. Domino’s business model is based on franchisees growing sales, not profit, with head office taking a royalty from every sale as
  Australians chomp through 1 million of its pizzas every week. Stores are bought and sold on a multiple of these sales, not on profit. The more stores in the network, means more sales are generated, which results in more profits for head office.
  While the business is built on selling affordable pizza to the masses, with Group Chief Executive Officer (CEO) & Managing Director Don Meij Domino’s has transformed into one of Australia’s most intriguing tech companies with operations in New Zealand and Europe. Drones, cutting-edge IT, fast pizzas, happy franchisees and happy workers are all part of the Domino’s image. CEO Meij “lives the job” often working undercover in the stores to keep abreast of activities at the store level. To help managers keep track of their best and worst performers, Domino’s rolled out a new in-store computer system. The screens, which everyone in the store can see, constantly update statistics such as the average order size for each employee and how long it’s taking to get a pizza out the door. Store managers get a quarterly bonus based on how much they improve store earnings.
  Domino’s selects its franchisees carefully, those who genuinely believe Domino’s is a highly profitable business. However, when the store is not profitable franchisees are held to blame for bad business management. The stress of making ends meet took its toll on many
  franchisees who realised the business they had bought into was not viable, due to the
  company policies, especially on labour costs and a perception that the head office was only
  concerned about the welfare of people at the corporate level. Whilst Domino’s profit is
  doubling the cost of pizzas is getting cheaper due to high competition in the fast-food sector.
  However, this cheap cost of pizza is borne by the franchisees who are struggling to make a
  decent profit due to them not being able to pass on the increasing high costs of running the
  stores.
  Understanding the CEO
  Influenced by a business-minded father, Meij said he quickly developed an entrepreneurial
  streak nurturing both his creative and analytical sides with a mix of arts and economics
  education at university. This shaped his leadership style which is focused on helping staff
  grow inside the business. Meij, who started his career as a pizza delivery driver in 1987, is a
  calculated risk taker, regularly changing Domino’s business model to stay ahead of the
  market. “I have been in the business for 25 years and we are in our third major change of
  our business model,’’ he says. The latest revolution is the way the company has embraced
  online retailing and social media. Page 1 of 3 Meij believes the only way a business can deal with challenges is to work out ways of turning
  a negative into a positive. For example, legislation on employee conditions has forced up
  Domino’s labour costs 100% over the next four or five years. “But that means people are
  getting better paid, which means the company is holding on to its employees for longer”, he
  says. The result: delivery times have reduced from 32 to minutes to 24. Also, there are fewer
  mistakes in store and staff members are more engaged.
  Meij uses encouragement and training programs to engage and motivate staff. “We
  incentivise people through a range of systems to become better pizza makers, better dough
  makers, to become more skilled delivery drivers. There are training classes and we time you
  and you go through tests and you get different badges on your shirt and so on.” Domino’s
  staff respond to his nurturing leadership with loyalty. As a reward every year Meij takes his
  top team to Silicon Valley in the USA to view new technologies that could be introduced into
  the Domino’s business.
  Meij emphasises the big picture and getting managers to focus on the long term. “In some
  cases, you have to be a benign dictator, because it’s in the better interests of the group. It’s
  a combination of being directive on top of co-operation and bargaining and trading with
  interested parties in the group, from boards to franchise owners, to managers to leadership
  team members to business partners outside the business. You just have to go and sell your
  new strategy.”
  Meij says his managers are champions of change. But running the team, he says, means
  discussion, compromise and occasionally, admitting when you were wrong. “It’s important to
  allow discussion. When you’re dictating n…

   

  The assignment requires atleast 7 scholarly articles as references. the case study essay should include the following headers: introduction of the case study, background of the case study, Identification of atleast 3 issues and problems, atleast 3 Proposed solution, Recommendations and reference list.

   

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• Securities Violations Case Study

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  Please underline or bold-type important terms, laws and phrases.  The emphasis of this exam is the application of elements of each law.  The student will be evaluated in terms of discussing the elements and applying the elements in reaching a conclusion.  Each student must answer four (4) and D is mandatory.

  D  Securities Violations
  Charles is the president of a non public corporation that plans on going public for the first time.  Charles in collaboration with the accountants and auditors of the corporation prepares a “financial statement” to be used for the distribution of dividends.  Charles knows that the issuance of dividends to the “private investors” will affect the “market value of the stock of the corporation” when the corporation goes public.  However, the financial statement grossly inflates the value of the “assets of the corporation” and also, Charles has created sham corporations who placed orders with his corporation. As a result of the “cash flow” of the corporation is overstated and does not reflect accurately the earnings of the corporation.  As a result, the board of directors issues the dividends.
  Charles registers the information (including the financial statement) with the Security Exchange Commission for purposes of offering the stock of the company to the public for the first time.  After the registration, and going through the “waiting period” the stock is offered to public.  In reliance on information provided in the “registration”, the market value of the stock soars providing enormous capital to the corporation.
  Is this a “security transaction”?
  Is there a SEC 1933 violation?
  Is there a SEC 1934 violation?
  Is this a “proper distribution of dividends”?

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