Restate Nuware’s Essay

1.) Restate Nuware’s 2013 earnings as if the company had used the same accounting methods and assumptions as R.P. Stuart. Your answer should focus on, but not necessarily be limited to, Nuware’s accounting for investments, receivables, inventory, and PP&E. From the discussions in Nuware’s notes and the comparison with RP.Stuart’s financial statement, we noticed that there are several different accounting policies being adopted, including receivables, inventory, advertisement cost and PP&E. Moreover, it seems that Nuware is using gains on investment to manipulate total income. Therefore, we made some adjustment to make the comparison between Nuware and R.P Stuart more reliable. For instance, we assumed the same reserve/receivable ratios of these two companies to avoid potential aggressive revenue recognition by Nuware’s management (see Appendix). However, there is not enough information to make adjustment on PP&E depreciations. Then we can compare the performance of these two companies in 2013 (as shown below). However, we cannot get find enough information to make a comprehensive adjustment on 2012 data (in particular, we don’t have the estimation on 2011 inventory using FIFO method). As a result, we cannot calculate the growth rate of EPS precisely here. 2.) Assess the financial performance of Nuware versus R.P. Stuart. Nuware and R.P. Stuart are in the same industry and share virtually identical business model, which make them comparable. Before adjustment, Nuware showed a much better financial performance than that of R.P Stuart regards to net income, gross profit margin, return on asset & equity, and EPS growth etc. After making necessary adjustment, we found that Nuware still outperforms R.P.Stuart, but with a smaller margin. The real net income is only 71% of the original figure, which subsequently lowered the return on assets and equity. But due to the higher leverage ratio, Nuware’s return on equity is still 2x that of R.P.Stuart (originally 3x). However, what worries us most is the combination of a negative earnings growth and slower sales growth.  Using these criteria, Nuware is not beating the industry (actually performed worse than R.P Stuart in terms of sales growth in 20131). 3.) Would you characterize the accounting discretion applied by Nuware’s management as aggressive? Why or why not? Nuware’s Management accounting discretion can be seen as aggressive for several reasons: 1. They artificially lower the allowance of account receivable to boost income and gross margin. Moreover, when estimating reserves, percentage of sales method is less accurate than the detailed monthly review method adopted by R.P Stuart’s. 2. Compared to R.P. Stuart, LIFO reduced the tax and LIFO liquidation in year 2013 resulting in artificially high net income as well. 3. The recognition of unrealized gains for available for sale investment assets also contributed to the higher net income, which should be considered separately from income from its core business. 4. There might be some aggressive assumptions when depreciating PP&E, which deserves more detailed analysis.

Banning the use of cell phones Essay

TITLE: Why banning the use of cell phones while driving should be mandatory nationwide. 1a.General purpose: To highlight the mis-use of hand-held cell phones whilst driving. 1b.Specific purpose: To reduce road fatalities; by persuading the Government of St.Vincent and the Grenadines to implement a law banning motorists from using cell phones on all roads (major and minor roads) in non-emergencies cases. 1c.Central Idea: Using a cell phone can distract motorists, leading them to taking their eyes off the road or to lose their concentration whilst driving which involves teens. Main Points: mis-use of hand-held cell phones road fatalities mandatory intervention Summarize the Key Points of Introduction 1. Cell phones can be useful in many situations. However they are now being mis-used in non-emergencies cases such as making or receiving regular standard calls, texting and being on others social network sites whilst driving. 2. Road fatalities have increased resulting from poor driving by motorists especially teens whilst they are on their cell phones. Many motorist, pedestrians and animals have been killed or seriously injured due motorist distractions. 3. The Government should implement a law banning motorist from using cell phones on all roads (major and minor roads) throughout St Vincent and the Grenadines as a means of reducing road fatalities Conclusion Cell phones have been around for over 30years and are now accessible to a range of people; they can be a valuable communication device. However, when used inappropriately, this can lead to road collisions and fatality. References * In 2006, Liberty Mutual Insurance Group Http//:ven.wikipedia .org/wiki/texting- while-driving In 2006 article American Automobile Association International Telecommunication Union (NTSB) Why banning the use of cell phones while driving should be mandatory nationwide. I will be highlighting why banning the use of a cell phones whilst driving should be mandatory throughout St Vincent and the Grenadines. I will be focusing on situations where the cell phone is being used for non- emergencies when driving. Cellular phones were first introduced into civilian life and the market place around the mid- 1980s. Before this period it was used mainly in the military and in some businesses. Over the years, there has been dramatic growth in the use cell phones. Today cell phones are available to everyone around the world regardless of their age or status. The indiscriminate use of hand held cell phones by persons while driving has resulted in many fatal accidents in recent years and as such is a compelling reason for Parliament to enact legislated to address this precautious situation by banning the use of cell phones while driving in St.Vincent and the Grenadines. It well established that in attentive caused by some forms of distraction is the most common cause of vehicle accidents, engaging in a conversation on a cell phone while driving is a serious distraction in the sense that people lose focus being so imbibed in the conversation that they become totally loss to the surrounding activities. It may be arguable that accidents caused by cell phone use are far less than those caused by other forms of distractions but that is not important in considering whether a total ban should be placed on the use of cell phone while driving. What is of utmost importance is the safety o the general public; it is not of prime necessity to use a cell phone while driving. A driver may be better advised to pull over at the side of road, stop and use his or her cell phone whether be in to dial a number or to receive an incoming call or text messages which is becoming more popular in today technology world. According to Liberty Mutual Insurance Group 2006 conducted a survey of more than 90 teen from twenty six high schools across United States. The result showed that 37% of students considering texting to be  Ã¢â‚¬Å"very† or â€Å"extremely† distracting. A study by the America Automobile Association discovered that 46% of teens admitted to being distracted behind the wheel because of texting. This distracting is alarming The risk of crashing while texting because reading or sending a text diverts the driver’s eyes from the road for an average of 4.6 seconds—the same as driving the length of a football field, blind, at 55 mph. The International Telecommunication Union states that â€Å"texting, making calls, and other interaction with in-vehicle information and communication systems while driving is a serious source of driver distraction and increases the risk of traffic accidents increases by 23 times. While celebrities such as Oprah Winfrey have campaigned against texting while driving, there are reports that the message has not been getting through to teenagers. Perhaps the force and might of government authority might be able to get through to them. The practice has been viewed by many people and authorities as dangerous. It has also been ruled as the cause of some motor -vehicle accidents, and in some places has been outlawed or restricted. Is there any reason why my country St. Vincent and the Grenadines cannot emulate such a restriction? Cell phones have become a valuable devise for communicating with others. However, there are situations where it can be said that they are being misused. This would include texting whilst driving, receiving or sending calls and accessing face-book/Twitter and instant messaging on whatever social networks. I will make mention of how texting, using face book and using twitter could endanger the life of the driver, animals, passengers and/or other motorist and pedestrians on the road. (Road collisions and fatality). It is so sad that one’s life have to end just like that or turn into a vegetable because of someone else careless mistake and their future dreams are scattered. The use of cell phone while driving should not be allowed to continue unabsorbed in any civilized society where human life is valued at the highest. Laws should not only be enacted but they must be enforced and the punishment shall be such as to deter would be offenders. Therefore they must not only penalties but penalties should be rather serious and fitting the  offence of using a cell phone while driving. Cell phones have been around for over approximately 30years and are now accessible to a range of people; they can be a valuable communication device. However, when used inappropriately, this can lead to road collisions and fatality.

International reward managment Essay Example | Topics and Well Written Essays - 2500 words

International reward managment - Essay Example Ricardo’s theories included free market economy and wage control. These theoretical ideas have been significant in formulation of policies (O’Brian 2004). The period after the Second World War, known as the neo classic economics era saw the emergence of new arguments. John Keynes defined and explained â€Å"fiscal policy† as a measure that governments can adopt to stimulate the economy and solve unemployment issues (Braman 1996).The differences in economic arguments and thoughts across the eras provide different analysis, critiques and solutions concerning pay and reward systems. The contribution of economists to the compensation of labor debate has been fundamental in designing and forecasting the consequences of the different approaches to employee rewards and compensation (Beaumont and Hunter 2000). On the other hand, sociologist criticized economists’ contributions for being too abstract and lacking concrete empirical evidence (Wootton 1955). Nevertheless, these orthodox theories are core to the economic theory of pay and can help solve problems that experts face in cases of executive compensation and profit sharing schemes (Beaumont & Hunter 2000). This essay focuses on the critique of the three major orthodox economic theories regarding pay and reward structures, that is, the classical wage theory, human capital theory and efficiency wage theory. Additionally, this paper relates social theory to these critiques by tackling the social factor of equal pay. The paper also discusses gender pay gaps and the inequalities and discriminations that arise from reward structures in the global labor market. JR Hicks first defined the classical wage theory in his publications of â€Å"the theory of wages†. In his studies, Hicks tackled wage problems in a free market economy and came up with a model of determining wages based on previous analysis of theories

Case study Example | Topics and Well Written Essays - 500 words - 64

Case Study Example Various advantages and negativities come from the company engaging in television and cable networks. One of the advantages that come from this is the fact that the company gets distribution advantages where the products market themselves, as opposed to relying on middle persons. Another advantage is that the success of other peoples’ films earns the company much money without having worked on them. The major disadvantage that comes from this is the inability to retain high profit margins in the ever-changing technology world. Moreover, the people may lose taste in a particular film produced by the company and consequently have its ratings decrease. The value creating decision for Disney in the acquisition of Marvel is through strategic planning that in this case involved the company management aiming to increase the profit gained by the management and consequently grow further. Some of the challenges that the managers face is the lack of coordination that may lead to some shows lacking flavor anymore to the audience and thus reducing ratings. Another challenge involved low quality products due to lack of specification. Sharp Corporation ought to consider many factors when determining the place to locate the production of LCDs. One of the factors that the managers ought to consider is regarding the target market for the commodity. The Targeted market ought to be where the company sets up its company basis. After changing the sell in Japan strategy, the company is bound to have an increase in the number of customers and this is owing to the difference in consumer preferences because they will feel as part of the company as currently they feel that the company is too localized. There are many alternatives to entry in different countries if the company does have a change in the location of some of its products. One of the entry methods that the company has is using branches where it can set up branches

The Health Care Dilemma Essay Example | Topics and Well Written Essays - 1000 words

The Health Care Dilemma - Essay Example Essentially, it nationalized health care, reformed the American private health insurance sector and will work to provide universal coverage for all Americans through the â€Å"individual mandate† concept, which rules all Americans to buy insurance otherwise they will face a fine. This federal legislation is a flawed policy that needs to be repealed or amended, at the least. The fact is that it is unconstitutional, un-American and half-baked piece of legislation that has been passed in order to save President’s Obama’s face in his drive to deliver an election campaign promise. Un-American Universal coverage or the mandate for everyone to buy insurance is against American values. The United States has thrived and prospered through the freedom by which its enterprises and its citizens conducted their affairs. With the nationalized health care, the government would be encroaching on the rights of individuals to choose and decide what is best for themselves. In addition, the government is taking more responsibility for welfare than what is necessary. The country has trudged on and has actually grown in the past decades, with the government taking a laissez faire attitude and giving free rein to enterprises and nurturing capitalism. The nationalized health care law is pandering to the people through its mantra of social justice but the fact is that it is against the American ethos that defines poverty and how individuals are responsible for their own fates. Elaborate welfare systems such as the Obamacare, are inherently misguided because, instead of the social justice or a ddressing inequality, they are more prone to breed social ills simply by promoting the rejection of individual responsibility. Obamacare is against the American individualism and liberal policies that has worked for the American experience and the country to its current economic status and to sacrifice it just to satisfy some presidential rhetoric is tantamount to eroding the American economic fabric and social fabrics. Constitutional Question The Obama administration, with all its policies that advances welfare and big government is ensuring an American transition towards socialism. This development cannot proceed without sacrificing certain of civil liberties. This is already being demonstrated in the nationalized health care. The legislature has taken upon itself sweeping powers in order to curtail certain constitutional rights in order to pass the Obamacare legislation. With the law, the federal government is, in effect, forcing Americans to qualify under health coverage require ments, threatening them with punishments in the process. For many legal experts, this is unconstitutional. The state of Virginia, for instance, has already filed a lawsuit against the healthcare law, arguing that there is a legal precedence outlawing such an act. Particularly, it stated: Regulation of non-economic activity under the Commerce Clause is possible only through the Necessary and Proper Clause... The Necessary and Proper Clause confers supplemental authority only when the means adopted to accomplish an enumerated power are 'appropriate', are 'plainly adapted to that end', and are 'consistent with the letter and spirit of the constitution.' Requiring citizen-to-citizen subsidy or redistribution is contrary to the foundational assumptions of the constitutional compact (5-6). The above ruling explicitly cites how the nationalized health care is unconstitutional by virtue of its mandatory redistribution of service and wealth with the subsidy to the entire

Californias anti terrorism laws after september 911 Essay

Californias anti terrorism laws after september 911 - Essay Example To safeguard people’s interests, new strategies and plans were required to be developed and enforced. Laws needed to be framed to make Americans feel safe emotionally, physically and politically. Therefore, the US Patriotic Act was amended and renamed ‘USA Patriot and Terrorism Prevention Reauthorization Act’. It was made more stringent and extra statutes included with wide ranging terrorists relating offences like deliberate and destructive activity against the state or its people resulting in loss of life or property, money laundering, surveillance and detention of people under suspect of terrorist activities etc. with capital punishment introduced. a new department known as Department of Public Safety and Homeland Security was opened which was headed by Secretary of the department who in turn was directly appointed by the Governor. The department has four divisions: the Highway Patrol, Law Enforcement, Fire Protection and Emergency Management and Division of Victims services. Special center called ‘California Anti terrorism Information Center’ (CATIC) was launched with an initial budget of $1.85 million to support anti-terrorism law enforcement activities with a state level criminal intelligence database which would coordinate with the federal agency. After 9/11, California government has made serious efforts to reinstate public confidence by providing continued support to the families of 9/11 and implementing a series of legal and administrative measures to combat any future terrorist acts in the

Hw Assignment Example | Topics and Well Written Essays - 250 words

Hw - Assignment Example Growth in a company creates an important, enthusiastic corporation where individuals see genuine opportunity. At the same time, the management must be careful not to solely make growth its main objective but rather should focus on profitable growth. The main responsibility of marketing is to achieve profitable growth for the company. Marketing must recognize, evaluate and select market opportunities and strategize on how to achieve things. Product-market expansion grid is one of the devices for identifying growth opportunities. There are four strategies one for each and every quadrant in the grid (Yim Hee: 76). The grid has two dimensions which are product and market dimensions. Four growth strategies can be formed from these two dimensions. They include: This is a risky strategy this is because there is inadequate scope for utilizing current expertise or realizing economies of scale especially when you are trying to sell entirely different services or products to different customers. Its main strength is that one business is unlikely to be affected incase one business suffer from adverse circumstances (Yim Hee: