Write a 3/4 to 1-page journal entry (approximately 250 words) in which you: Predict one or two changes people will make in their reading and listening habits if the conventional reproduction of music, news, and books were to become obsolete.

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  • There are 3 Reflective Journal Assignments (Weeks 3, 7, and 9).
  • The journals are to reflect your experiences and opinions, so there are no right or wrong answers.
  • Read the issues for the previous weeks before writing your journal.

Write a 3/4 to 1-page journal entry (approximately 250 words) in which you:

  1. Predict one or two changes people will make in their reading and listening habits if the conventional reproduction of music, news, and books were to become obsolete.
  2. Complete the page/word amount requirement.
  3. Write with clarity, following mechanics and formatting requirements.

Your assignment must follow these formatting requirements:

  • Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Check with your professor for any additional instructions.
  • Include a source page and cover page containing the title of the assignment, your name, your professor’s name, the course title, and the date. The cover page and the source page are not included in the required assignment page length.

The specific course learning outcome(s) associated with this assignment are:

  • Apply critical thinking skills to the analysis of issues involving mass media and society.
  • Analyze various issues affecting the media business.
  • Evaluate the effects of the digital information expansion / explosion on society.
  • Write clearly and concisely about media and society using proper writing mechanics.

Please describe and evaluate the Country/Political Risk faced by this organization and describe its successes and failures

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  1. Please describe and evaluate the Country/Political Risk faced by this organization and describe its successes and failures.
  2. What has been the lending strategy followed by Santander?  Are lending decisions based on the credit background of the borrower, or on the riskiness of the venture?  How do they manage risk?  How do they finance their loans? Why is there so little cross-border borrowing?
  3. How is the lending strategy different to US commercial banks?
  4. As a consultant to the CEO, what would you suggest Magda Salarich do now? Please obtain, identify and evaluate the data and conduct a multi-perspective analysis of the evidence to make a logical recommendation for solving the problem with a global perspective.
  5. Defend your recommendation and communicate your beliefs clearly and accurately.

 

Case Study Resources:

·      Usually business writing incorporates APA format. Case length is not an important consideration in my grading strategy.

·       The questions posed are meant to guide you in developing an analytical framework that you must present in a case report. Usually you can incorporate your responses in sections C and D described below. I cannot prescribe a single outline or template, but I can identify “building blocks” that are essential to building a logical structure that will stand up to critical scrutiny, and serve as a useful guide to presenting the results of your in depth case analysis. Essential building blocks and structure are as follows:

Executive Summary

Section A. Introduction and Overview of the Situation

Section B. Assumptions and Methods

Section C. Business Impacts

Section D. Descriptions of Sensitivity, Risks, Successes, Failures, Contingencies and Strategies

Section E. Conclusions and Recommendations

·       This is a good resource but parts may not be relevant (this is not a group report)http://college.cengage.com/business/resources/casestudies/students/writing.htm

 

Case Study Resources Attached Below:

  • Appendix A: Suggested Questions (attached below is the Santander case you must read in order to answer these questions)
  • Appendix B: Shows how you are getting the tools of Global Learning for Global Citizenship by answering the above questions and their weighting in the project.

SANTANDER

https://fiu.blackboard.com/bbcswebdav/pid-4097604-dt-content-rid-39075206_1/courses/1161-FIN4604VF1161-16639/1161-FIN4604VF1161-16639_ImportedContent_20151006012349/Course%20Content/Case%20Resources/Santander%20Harvard%20case.pdf

 

GLOBAL ORIENTATION

https://fiu.blackboard.com/bbcswebdav/pid-4097605-dt-content-rid-39075210_1/courses/1161-FIN4604VF1161-16639/1161-FIN4604VF1161-16639_ImportedContent_20151006012349/Course%20Content/Case%20Resources/Appendix%20A-C/FIN%204604%20Appendix%20B.pdf

 

 

Explain why the interest rate for the loan that requires a review report is lower than That for the loan that did not require a review

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1-17 (Objective 1-3) Busch Corporation has an existing loan in the amount of $6 million

With an annual interest rate of 6.0%. The company provides an internal company prepared

Financial statement to the bank under the loan agreement. Two competing

Banks have offered to replace Busch Corporation’s existing loan agreement with a new

One. United National Bank has offered to loan Busch $6 million at a rate of 5.0% but

Requires Busch to provide financial statements that have been reviewed by a CPA firm.

First City Bank has offered to loan Busch $6 million at a rate of 4.0% but requires Busch to

Provide financial statements that have been audited by a CPA firm. Busch Corporation’s

Controller approached a CPA firm and was given an estimated cost of $35,000 to perform

A review and $60,000 to perform an audit.

 

A. Explain why the interest rate for the loan that requires a review report is lower than

That for the loan that did not require a review. Explain why the interest rate for the loan

That requires an audit report is lower than the interest rate for the other two loans.

 

b. Calculate Busch Corporation’s annual costs under each loan agreement, including

Interest and costs for the CPA firm’s services. Indicate whether Busch should keep its

Existing loan, accept the offer from United National Bank, or accept the offer from

First City Bank.

 

c. Assume that United National Bank has offered the loan at a rate of 4.5% with a

Review, and the cost of the audit has increased to $80,000 due to new auditing

Standards requirements. Indicate whether Busch should keep its existing loan, accept

The offer from United National Bank, or accept the offer from First City Bank.

1-19 (Objective 1-1) James Burrow is the loan officer for the National Bank of Dallas.

National has a loan of $325,000 outstanding to Regional Delivery Service, a company

Specializing in delivering products of all types on behalf of smaller companies. Nationals

Collateral on the loan consists of 25 small delivery trucks with an average original cost of

$24,000.

Burrow is concerned about the collectability of the outstanding loan and whether the

Trucks still exist. He therefore engages Samantha Altman, CPA, to count the trucks, using

Registration information held by Burrow. She was engaged because she spends most of

Her time auditing used automobile and truck dealerships and has extensive specialized

Knowledge about used trucks. Burrow requests that Altman issue a report stating the

Following:

 

1. Which of the 25 trucks is parked in Regional’s parking lot on the night of June 30?

2013.

 

2. Whether all of the trucks are owned by Regional Delivery Service.

 

3. The condition of each truck, using the guidelines of poor, good, and excellent.

 

4. The fair market value of each truck, using the current “blue book” for trucks, which

States the approximate wholesale prices of all used truck models, and also using the

Poor, good, and excellent condition guidelines.

 

a. For each of the following parts of the definition of auditing, state which part of the

Preceding narrative fits the definition:

(1) Information

(2) Established criteria

(3) Accumulating and evaluating evidence

(4) Competent, independent person

(5) Reporting results

B. Identify the greatest difficulties Altman are likely to have doing this audit.

1-22 (Objectives 1-3, 1-5) Dave Czarnecki is the managing partner of Czarnecki and

Hogan, a medium-sized local CPA firm located outside of Chicago. Over lunch, he is

Surprised when his friend James Foley asks him, “Doesn’t it bother you that your clients

Don’t look forward to seeing their auditors each year?” Dave responded, “Well, auditing

Is only one of several services we provide? Most of our work for clients does not involve

Financial statement audits and our audit clients seem to like interacting with us.”

 

a. Identify ways in which a financial statement audit adds value for clients.

 

b. List other services other than audits that Czarnecki and Hogan likely provide.

 

C. Assume Czarnecki and Hogan has hired you as a consultant to identify ways in

Which they can expand their practice. Identify at least one additional service that you

Believe the firm should provide and explain why you believe this represents a growth

Opportunity for CPA firms.

2-18 (Objective 2-6) Sarah O’Hann enjoyed taking her first auditing course as part of her

Undergraduate accounting program. While at home during her semester break, she and

Her father discussed the class and it was clear that he didn’t really understand the nature

Of the audit process as he asked the following questions:

 

a. What is the main objective of the audit of an entity’s financial statements?

 

b. The audit represents the CPA firm’s guarantee about the accuracy of the financial

Statements, right?

 

c. Isn’t the auditor’s primary responsibility to detect all kinds of fraud at the client?

 

d. Given the CPA firm is auditing financial statements, why would they need to

Understand anything about the client’s business?

 

e. What does the auditor do in an audit other than verify the mathematical accuracy of?

The numbers in the financial statements?

 

2-20 (Objectives 2-5, 2-6) you have been asked to make a presentation in your International

Business class about how globalization is impacting the auditing profession. In

Preparation, you met with your auditing professor and discussed these questions:

 

a. What organizations are responsible for establishing U.S. auditing standards used by?

CPA firms when auditing financial statements prepared by organizations based in

The U.S.?

 

b. What organization is responsible for establishing auditing standards internationally?

 

c. To what extent are AICPA auditing standards and international auditing standards similar?

 

d. What is the process the AICPA Auditing Standards Board (ASB) uses to develop?

AICPA auditing standards?

 

e. To what extent are PCAOB auditing standards impacted by international standards?

 

2-22 (Objective 2-5) for each engagement described below, indicate whether the engagement

Is likely to be conducted under international auditing standards, U.S. generally

Accepted auditing standards, or PCAOB auditing standards.

 

a. An audit of a U.S. private company with no public equity or debt.

b. An audit of a German private company with public debt in Germany.

 

c. An audit of a U.S. public company.

 

d. An audit of a United Kingdom public company that is listed in the United States and

Whose financial statements will be filed with the SEC.?

 

e. An audit of a U.S. not-for-profit organization.

 

f. An audit of a U.S. private company to be used for a loan from a publicly traded bank.

 

g. An audit of a U.S. public company that is a subsidiary of a Japanese company that

Will be used for reporting by the parent company in Japan.

 

h. An audit of a U.S. private company that has publicly traded debt.

Which of the following does your textbook recommend as a way to deal with nervousness in your speeches?

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1. Which of the following does your textbook recommend as a way to deal with nervousness in your speeches?
Visualize yourself giving a successful speech.
Concentrate on communicating with the audience, rather than on your nerves.
Choose a topic you care about and prepare thoroughly for the speech.
all of the above

2. According to your textbook, rather than trying to eliminate every trace of stage fright, you should aim at transforming it into
general anxiety.
visualized adrenaline.
professional stage fright.
positive nervousness.
confident apprehension.

3. When your textbook describes public speaking as a form of empowerment, it means that public speaking is
a way to manipulate people.
a way to make a difference in something we care about.
a way to make everyone see things through our frame of reference.
a way to demonstrate how clever we are.
a way to make bad ideas seem good.

1. To avoid plagiarism when using information from an Internet document in your speech, your textbook recommends that you keep a record of
the title of the document.
the author or organization responsible for the document.
the date on which you accessed the document.
a and b only.

2. The _____ is a one-sentence statement that sums up or encapsulates the major ideas of a speech.
specific purpose
central idea
introduction
general purpose
outline

3. Audience-centeredness means that public speaker should
keep the audience foremost in mind throughout the speechmaking process.
use any means necessary to gain the assent of the audience.
avoid choosing topics that are controversial.
all of the above

1. As explained in your textbook, the three main parts of a speech are called
the opening, the center, and the end.
the introduction, the body, and the conclusion.
the attention-getter, the main section, and the ending.
the preview, the main points, and the close.
the beginning, the core, and the conclusion

2. A carefully prepared and rehearsed speech that is presented from a brief set of notes is called a(n) ________speech.
extemporaneous
spontaneous
transitional
contemporaneous
informative

3. According to your textbook, a common mistake students make when developing their first speech is
using PowerPoint improperly.
trying to cover too much material.
not doing enough library research.
a and c only.

1. Paul began his speech as follows:
They called Lou Gehrig the iron horse. The tireless worker played an astounding 2,130 consecutive baseball games even though he suffered 17 hand fractures during those years. This would be like one of us never missing a day of school for over 13 years. Can you imagine completing kindergarten through your senior year with perfect attendance? Never taking a sick day, never a college visit day, or even senior skip day. And, to match Gehrig, you would also have to end your school career with an A average.
What method for gaining attention and interest did Paul use?
revealing the general purpose
relating the topic to the audience
previewing the body of the speech
stating the importance of the topic.
summarizing the central idea

2. Malcolm said “um” or “uh” every time he got to a new PowerPoint slide in his informative speech. His instructor told Malcolm to reduce the number of _________ in his next speech.
fillers
vocal inflections
intonations
vocalized pauses
inflections

3. As explained in your textbook, the major functions of a speech conclusion are to
signal the end of the speech and thank the audience for attending.
reinforce the central idea and establish the speaker’s credibility.
thank the audience for attending and apologize for any mistakes in the speech.
signal the end of the speech and reinforce the speaker’s central idea.
repeat the preview statement and review the speaker’s visual aids.

 

1. In a preparation outline, main points should be
positioned farthest to the left.
indicated by Arabic numerals.
written in key words to jog the memory.
listed after sub-points.
stated as questions.

2. Which of the following is an instance of informative speaking?
a teacher praising parents for contributing to the school carnival
a teacher arguing that phonics is a successful method for teaching reading
a teacher explaining the requirements for an assignment
all of the above

3. Communication based on a speaker’s body and voice, rather than on the use of words, is called
implicit communication
non-verbal communication
unintentional communication
instinctive communica