Case 23.2 – An Ethical Dilemma

Scenario:  Beta Computers is experiencing financial difficulties attributed to declining sales of its mainframe computer systems. Several years ago, the company obtained a large loan from Midland State Bank. The covenants of the loan agreement strictly state that if Beta is unable to maintain a current ratio of 3:1, a quick ratio of 1:1, and a return on assets of 12 percent, the bank will exercise its right to liquidate the company’s assets in settlement of the loan. To monitor Beta’s performance, the bank demands quarterly financial statements that have been reviewed by an independent CPA.

Nick Price, Beta’s CEO, has just reviewed the company’s master budget projections for the first two quarters of the current year. What he has learned is disturbing. If sales trends continue, it appears that Beta will be in violation of its loan covenants by the end of the second quarter. If these projections are correct, the bank might foreclose on the company’s assets. As a consequence, Beta’s 750 employees will join the ranks of the unemployed.

In February of the current year, Rembrant International contacted Beta to inquire about purchasing a custom-configured mainframe computer system. Not only would the sale generate over a million dollars in revenue, it would put Beta back in compliance with its loan covenants. Unfortunately, Rembrant International is an extremely bad credit risk, and the likelihood of collecting on the sale is slim. Nonetheless, Nick Price approved the sale on February 1, which resulted in the recording of a $1.4 million receivable. 

On March 31, Edgar Gamm, CPA, arrived at Beta’s headquarters. In Gamm’s opinion, the $1.4 million receivable from Rembrant International should immediately be written off as uncollectible. Of course, if the account is written off, Beta will be in violation of its loan covenants and the bank will soon foreclose. Gamm told Price that it is his professional duty to prevent any material misstatement of the company’s assets.

Price reminded Gamm that if the account is written off, 750 employees will be out of work, and that Gamm’s accounting firm probably could not collect its fee for this engagement. Price then showed Gamm Beta’s master budget for the third and fourth quarters of the current year. The budget indicated a complete turnaround for the company. Gamm suspected, however, that most of the budget’s estimates were overly optimistic.

As an employee, write an internal memo to your manager addressing the following:

Should Gamm insist that the Rembrant International account be classified as uncollectible? Should the optimistic third and fourth quarter master budget projections influence his decision? What would you do if you were in his position? Defend your actions.

If you were the president of Midland State Bank, what would you do if you discovered that the Rembrant International account constituted a large portion of Beta’s reported liquid assets and sales activity for the quarter? How would you react if Edgar Gamm’s accounting firm had permitted Beta to classify the account as collectible?

 

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International business: foreign currency | International Business | Fayetteville State University

The foreign currency or foreign exchange market is a decentralized worldwide market in which currencies are traded.  It was created in order to facilitate the flow of money derived from international trade.  The foreign currency market functions 24 hours a day for 5.5 days a week, opening on Sunday afternoon and closing on Friday, along with the New York market.  The foreign exchange market is the backbone of international trade and global investing. It is critical to support imports and exports, which are necessary to gain access to resources and to create additional demand for goods and services.

The Assignment

Using the Internet to obtain current exchange rate information complete the attached Internet Assignment worksheet and submit using this assignment link.  Complete all 5 questions.  Show your calculations when  required.  The maximum points available for this assignment is 50 points.   Internet Assignment -1 Foreign Exchange Worksheet.docx Internet Assignment -1 Foreign Exchange Worksheet.docx – Alternative Formats

  (opens in a new window)

Grading Criteria

  • Name and Date
  • Complete the 5 questions – following the directions on the worksheet
  • Show your work (calculations ) when required

Resources  Currency Exchange Converter websites on the Internet

Examples:  https://www1.oanda.com/currency/converter/ (opens in a new window)

https://www.msn.com/en-us/money/tools/currencyconverter (opens in a new window)

work for Baber Makala

DB unit 1 last week

 

The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.

At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.

The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.

Assignment Details

Part 1

Research a photographer.

•Choose 1 photographer from the following list:

◦Edward Weston

◦Julia Margaret Cameron

◦Henri Cartier-Bresson

◦Berenice Abbott

◦Ansel Adams

◦Carrie Mae Weems

•Use the textbook, intellipath material, the Internet, and the Unit Resources for help.

Choose a Photograph.

•Choose 1 photograph of your chosen artist’s work.

•List the photographer’s name, the title of the photograph, and the date it was taken.

•Upload your photo, pasting it directly into the Discussion Board window. Do not post an attachment.

•Click here for help on How to Post Photos to the Discussion Board.

Discuss Your Choice.

•Why did you choose this photographer?

•Explain at least 1 of the purposes and functions of the artist’s work. (See the text for more information about the purposes and functions of art.)

Part 2

Create Your Photograph.

•Inspired by the photography of your chosen artist, create a similar photograph of your own using your phone, a camera, or any other photographic device.

•Explain how your photograph is similar in subject matter and content.

•Upload your photo pasting it directly into the Discussion Board window. Do not post an attachment.

•Click here for help on How to Post Photos to the Discussion Board.

•Respond to 2 classmates with substantive posts. You will be graded on the quality of your postings.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
For assistance with your assignment, please use your text, Web resources, and all course materials. Please refer to the following multimedia course material(s):

◦Unit 1: World of Art: Functions & Evaluations

◦Unit 1: Referencing Art and Times

◦Unit 1: What is Art?

 

 

 

DB 2 DUE Today

 

The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.

At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.

The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.

Assignment Details

The architecture of the ancient Greco-Roman world influenced many buildings in the United States capitol.

Research a building in Washington, D.C. that integrates at least 3 elements of Greek or Roman architecture. Use the textbook, intellipath materials, the Internet, this resource Web site and the Unit Resources for help.

Include the following in your post:

1The name of the building and its location in Washington, D.C.

2Who was the designer or chief architect?

3What year was it built?

4Identify the 3 architectural elements influenced by ancient Greek or Roman structures. Explain their function indicating knowledge of the terms.

5Include the image of the building in Washington, D.C. and any other examples that support your post. Paste them directly to the Discussion Board. Do not post an attachment.

Respond to at least two classmates with substantive posts. You will be graded on the quality of your postings.

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

Reference

Architecture Week. (2011). Great buildings collection. Retrieved from http://www.greatbuildings.com/

For assistance with your assignment, please use your text, Web resources, and all course materials.

 

 

 

 

 

 

 

 

 

 

 

 

DB 3 DUE  Jan 23 2015

 

 

The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion.

At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.

The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.

Assignment Details

Part 1

Many works of art use symbols to communicate meaning. Research the definition of the word “symbol,” and complete the following:

•Choose a work of art from 1 of the following artists:

◦Tiziano Vecelli (known as Titian)

◦Leonardo Da Vinci

◦Michelangelo Buonarotti

◦Raphael Stanza

◦Michelangelo Merisi da Caravaggio

◦Gian Lorenzo Bernini

•Explain the use of at least 2 symbols in the work.

◦What are their meanings, and what is the message they convey?

◦How are these symbols used in today’s culture?

•Include the artist’s name, the title of the work, and the date of the work in your post. Paste an image of the work directly into the DB window. Do not post an attachment.

Part 2

Find 2 symbols that you encounter every day in your environment, and complete the following:

•Explain the meaning of the symbols and what they communicate.

•How are they similar or different from the symbols you researched in Part 1?

•Paste an image of these symbols directly into the DB window. You can take a photo or draw them. Do not post as an attachment.

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

For assistance with your assignment, please use your text, Web resources, and all course materials. Please refer to the following multimedia course material(s):

•Unit 3: Art: Middle Ages and the Renaissance

•Unit 3: Middle Ages

•Unit 3: Medieval Culture & the Early Renaissance

•Unit 3: The Early, High and Northern Renaissance

•Unit 3: Renaissance

 

 

 

 

 

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week 3 discussion | BUS599 | Strayer University–Cedar Hill

“Target Market”

For this week’s discussion, please respond to the following: 

  1. Describe the target market for your NAB business including a description of your target market’s key demographic elements. You should also mention the geographic, lifestyle, psychographic, purchasing pattern, and buying sensitivities of your proposed target market. 

Notes: 

  • Check out Chapter 7: Target Market to learn more.
  • You will use this week’s information in Assignment 2 – Question 1. 

 

Include these in your target market description (for your non-alcoholic business):

1. Demographic Description (age and income range, gender, family size, education, occupation, etc.)

Example: A  likely user for X product is a male between ages 25 and 34 who earns between $25,000 and $35,000 per year and has a four-year college degree.

2. Geographic Description: area where you would like to serve, density (urban, rural), nature of location (mall, business center, etc.), climate condition.

An example of demographic description would be: Atlanta area.

3. Lifestyle Description: where do your customer shop, what they do for leisure, what kind of clothes they were, cars they drive, etc.

4. Psychographic Description: socially responsible, trendsetter, fun-seeking, etc.

5. Purchasing pattern description: how they use the product, how many times they buy, where do they buy the product, how do they pay for it

6. Buying Sensitivities Description: What factors are important to the customer before they buy (price, quality, customer service. Packaging, etc.)

Resources

  • Chapter 7: Target Market – page 103
  • Target Market Description Examples:

http://www.ccsfmarketing.com/sample-target-market-descriptions.html

  • How to find your target market   

https://www.thebalancesmb.com/how-to-find-and-sell-to-your-target-market-2947179

  • Check out the video below for an overview of how to address this discussion. 

Watch Media

Goal: Complete Week 3 discussion by Wednesday and the comments before Friday.