Resolving ethical business challenges free essay sample

As a new employee at Acme Corporation, Frank Garcia knew few mistakes were allowed. He had sold medical supplies to Thermocare. Thermocare was a company Acme had been trying to do business with for a while. Otis Hillman, buyer for Thermocare, was happy with the products supplied by Acme. When Frank wanted to sell additional items to the company, Otis would question whether Acme was the right company for supplying products and would outright hint that he wanted something in return for meeting with Frank and considering ongoing business opportunities with Acme. (For example, sporting event tickets and trips. ). Frank verified offerings to Otis with his boss, Amber. She was impressed with the amount of sales to Thermocare and vowed to do what needed to be done to keep the client happy. Amber stated the best clients and their salesperson were invited to Las Vegas as a â€Å"thank you†. This included Otis, who represented Thermocare and Frank from Acme. We will write a custom essay sample on Resolving ethical business challenges or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page All were given $500 and told everything was covered by Acme. Otis, out for his personal enjoyment, told Frank about going to an adult entertainment club. Frank was worried about the morality of the situation. His boss, Amber, assured him that word of it would not get out and Acme heads would not find out that their money was used to engage in this behavior, especially since Frank was not the one going to the club. Ethical Issues faced by Acme Corporation Acme could face many ethical issues in the business world and in the public eye. With a Las Vegas trip given to clients and select employees, it could give the wrong appearance of what is moral. Many individuals and businesses could see it as Acme condoning gambling, drinking, and illicit acts. Acme should reward clients and salespeople, but in more moral ways or at least set boundaries as to what the company will be responsible for. Acme’s competition may make it an issue of misconduct and responsibility on Acme’s behalf. This could lead to the loss of business for Acme. (Ferrell, Fraedrich, Ferrell, 2013, p. 7). Frank’s Ethical Issues Frank needs to be aware of ethical issues when dealing with Otis or any other client. Offering trips and other entertainment options without prior approval could be seen as misuse of company resources or even bribery to get a potential client’s business or more business from an existing client. Frank needs to know that negative publicity can cost him his job and hurt Acme. Since Frank gets bonuses for sales, he can be accused of bribing clients to get their business so he gets a bonus. Frank needs to understand the business ethics and issues and know where to draw the line on what is right or wrong. (Ferrell, Fraedrich, Ferrell, 2013, p. 9). Advantages and Disadvantages of Frank’s Decisions Frank’s decision to tell Amber about Otis wanting to go to an adult entertainment club was right. Since he voiced his concerns, it shows he has morals and values and wants to do right for Acme. The disadvantage to allowing Otis to go to the club without warning that Acme wasn’t responsible for it was that word can still get out and hurt Acme’s reputation. It could also cost Frank his job for not protecting the company reputation. If Frank mentioned that Otis was solely responsible for going to the club and Acme would have nothing to do with it, Otis could have thought bad of the business and gone to another supplier. Otis knew the company was to cover the trip and all expenses and he was taking advantage of it. There should have been more trust and openness between Frank and Otis. Both should have discussed the matter and decided what was best for all involved. Is the profit Acme receiving from Thermocare worth the amount of business that could be lost with the negative publicity if it gets out that Acme funded a client’s night at an adult entertainment club? (Ferrell, Fraedrich, Ferrell, 2013, p. 20-21).

Impairment of Cash Generating Units for Assets - MyAssignmenthelp

Question: Discuss about theImpairment of Cash Generating Units for Fixed Assets. Answer: Impairment Loss of Cash Generating Units Impairment loss occurs if the amount recoverable is less than the carrying amount shown in the books. Impairment loss is calculated only of cash generating units which are capable of generating revenue to the company. It is not calculated for every individual asset, it is calculated only those assets which are capable of generating revenue to the company. Impairment loss is only calculated if some conditions which we will discuss later on arise. As per IAS 36, the carrying amount of cash generating unit should not be higher than its recoverable amount. Recoverable amount is higher of the value in use and fair value less cost incurred. It is necessary to record the Cash Generating Units at a recoverable amount because if CGUs are recorded at carrying amount which is higher than recoverable amount then it will give wrong report in the mind of readers of financial statements. As per IAS-36, there can be assets which together form Cash Generating Units and individually they are not capable of generating revenue to the company. So, valuation should be done of all assets together which form part of CGUs. So, it is necessary for the companies to assess their Cash generating units (CGUs) on every reporting date so that the requirements of IAS get fulfilled. It all depends upon the revenue generation to the company. In other words, If some assets together can generate revenue for the company, then that all assets together are known a s cash generating units. In other words, a single asset can be or cannot be a Cash Generating Unit. It all depends upon the revenue generation to the company. There can be reversal of the impairment of assets. That can only be possible if the reverse of conditions which are necessary for the impairment of assets occurs but reversal of impairment loss of goodwill is prohibited. IAS 36 does not allow impairment of goodwill because goodwill is an intangible asset. If there is any indication that the value of Cash Generating units has increased then the reversal of impairment of loss is there except goodwill. In other words reversal of impairment loss of goodwill is prohibited. IAS 36 does not allow to impair goodwill because goodwill is an intangible asset. Impairment of Goodwill: Goodwill should also be tested for impairment on the reporting date if some benefit is expected from the combination. Impairment should be tested atleast annually if the recoverable amount of the cash generating unit to which it is allocated gets lower than carrying amount. For allocating impairment loss of goodwill to the cash generating units, firstly allocation should be made to goodwill and after that other remaining assets of cash Generating units should be impaired. In other words, impairment should first be allocated to goodwill then to any other assets. So, this is the only reason of impairment of goodwill other as goodwill is an asset it should be impaired. If goodwill get combined with any other asset, in other words it is combined with any other Cash Generating Unit then impairment can be allocated first to goodwill and then balance if any to the rest of assets. In other words, for allocating impairment loss of goodwill to the cash generating units, firstly allocation should be made to goodwill and after that other remaining assets of cash Generating units should be impaired. As per IAS 36, if the following indication arises then only impairment should be there: External Sources: Market value has declined. There is some negative change in the technology. Increase in the market rate. The net assets of the company are higher than market capitalization. Internal Sources: Premises get damaged. Non-working asset and ready to be disposed of. Worst economic conditions Apart from above some more factors can be added as they are only inclusive factors. Now we will learn how to calculate recoverable amount, value in use and fair value less cost of disposal. Determining Recoverable Amount: i) If carrying amount is less than that of fair value less cost of disposal or the value in use, then there is no impairment loss. ii) If fair value less cost of disposal cannot be determined then recoverable amount will be the value in use amount. For the assets which are to be disposed of, fair value less cost of disposal is recoverable amount. Fair Value less cost of disposal: Fair value is to be determined as per IFRS 13 and cost of disposal is the direct added costs. Value in Use: value in use can be calculated as below: The amount which an entity believes that it will earn in future Company should also consider time value of money. The future cash flows which are used in calculating above value in use should be based on realistic terms and should be achievable. Reversal Of Impairment Loss: The criteria for the reversal of impairment loss are the same as of identifying impairment loss. The reversing conditions are the indications of reversal of impairment loss. The reversal should not be more than what after depreciation value if impairment loss would not be there. Reversal of impairment loss is recognized in the profit or loss unless it relates to a revalued asset. There can be chances that there is reversal of impairment loss due to reversal of conditions that existed at the time of impairment like lowering of market rates, improve in government policies etc. But one thing which should be considered while reversal of impairment of loss is that the reversal should not be more than depreciation amount already deducted from the asset. Reversal of impairment loss for goodwill is prohibited. References: Accounting explained, Impairment of fixed assets, viewed on 21st May 2017, https://accountingexplained.com/financial/non-current-assets/impairment-of-assets. IFRS, IFRS Interpretation committee, viewed on 21st May 2017, https://www.ifrs.org/Current-Projects/IASB-Projects/IFRS-5-Reversal-of-impairment-loss-relating-to-goodwill/Pages/Home.aspx.

The Evistrombus Canarium Essay Example

The Evistrombus Canarium Essay evistrombus canarium (commonly known as the dog conch or by its better-known synonym, Strombus canarium) is a species of edible sea snail, a marine gastropod mollusc in the family Strombidae (true conches). Known from illustrations in books dating from the late 17th century, L. canarium is an Indo-Pacific species occurring from India and Sri Lanka to Melanesia, Australia and southern Japan. The shell of adult individuals is coloured from light yellowish-brown to golden to grey. It has a characteristic inflated body whorl, a flared, thick outer lip and a shallow stromboid notch. The shell is valued as an ornament, and because it is heavy and compact it is also often used as a sinker for fishing nets. The external anatomy of the soft parts of this species is similar to that of other strombid snails. The animal has an elongate snout, thin eyestalks with well-developed eyes and sensory tentacles, and a narrow, strong foot with a sickle-shaped operculum. A molecular analysis conducted in 2006 based on DNA sequences of histone and mitochondrial genes demonstrated that Laevistrombus canarium, Doxander vittatus and Labiostrombus epidromis are closely related species. The dog conch exhibits behaviours common among Strombidae, including burrowing and a characteristic leaping form of locomotion. The former behaviour, however, involves movement sequences unique to this species. Laevistrombus canarium lives on muddy and sandy bottoms, grazing on algae and detritus. It is gonochoristic and sexually dimorphic, depending on internal fertilization for spawning. Larvae of this species spend several days as plankton, undergoing a series of transformations until they reach complete metamorphosis. The maximum life span is 2 to 2.5 years. Predators of this snail include carnivorous gastropods such as cone snails and volutes. It is also a prey species for vertebrates including macaques, and also humans, who consume the soft parts in a wide variety of dishes. We will write a custom essay sample on The Evistrombus Canarium specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Evistrombus Canarium specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Evistrombus Canarium specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

Sample SAT Essay - Create Your Own

Sample SAT Essay - Create Your OwnThe sat essay, or simulated SAT exam, is one of the most popular and popularly distributed SAT essay topics. This essay is often heavily weighted on the vocabulary skills of the essay, which is a great way to build on vocabulary skills.Easy SAT essays are easy to create. The trick is making it easy for yourself without sacrificing clarity or content. If you take the SAT without a sample SAT essay, it will be difficult to structure your essay in such a way that it is interesting.This article is meant to show you how to create your own sample SAT essay. It will show you how to use the SAT vocabulary word list in your essay, and how to use examples to make your words as clear as possible. While using the vocabulary list can take some time, if you can do it well it will save you time and provide you with more material.I recommend taking the SAT vocabulary list and creating a story using it. You should start by listing the most important parts of the sent ence, then list the rest of the sentence.Then, I recommend writing a story about the most important thing in your life. You will need to tell the story in two to three sentences. After this, you can continue the story by connecting it to the rest of the essay.Finally, you will need to practice your grammar skills and proper spelling. If you find that you are struggling with your grammar skills, you will need to take practice tests and take college essay online classes.You should never feel bad when you cannot create your own SAT essay. You may find it difficult at first, but if you do the practice tests and classes and work hard at it, it will become easier. Plus, you will have a lot more material to cover in the final exams.

Essay on BEN AND JERRY

Essay on BEN AND JERRY Essay on BEN AND JERRY BEN AND JERRY’S INTRODUCTION Ben and Jerry’s is an American Ice-cream company that manufactures ice cream novelty products, sorbets, frozen yogurt and ice cream. It is a division of Unilever an American-Dutch Company. It started in 1978 trading under the name Ben and Jerry’s Homemade Holding. It started by selling in an ice cream parlour in Vermont. By 1980, it expanded by packaging its ice cream in pints and selling to grocery stores. It continued to grow in operations, profits and income and by 2000 it was acquired by Unilever. This acquisition however, did not change anything as per operations and manufacturing of Ben and Jerry’s products. It still operates autonomously even with the founders names still on the ice cream. Ben and Jerry’s is also known for its commitment to using eco-friendly materials and ingredients in their ice cream and entire business activities and process. ICE CREAM AND FROZEN DESSERT MARKET SEGMENT IN AMERICA The ice cream and frozen desert market in America is a highly competitive and large one. Not one brand can claim a large significant domination of the market. However, Hagen-Dazs, Dreyer’s/Edy’s, BlueBell, Klondike, Blue Bunny, Klondike, Breyers and Drumsticks are Ben and Jerry’s closest competitors. With Hagen-Dazs, Dreyer’s/Edy’s, BlueBell controlling 9.2%, 8.9% and 6.4% respectively while Ben and Jerry’s controls 4.8% of the total market share (Euromonitor international, 2014). The Ice cream and frozen Desert market is estimated to be about $25 billion in America (Food Navigator, 2012). The ice cream market also competes against snack products like confectionaries, cookies and other sweet biscuits. This has even given rise to the introduction of confectionary branded ice creams such as Mars which combines both elements and ice cream with elements of cookies. These are still very much popular among ice cream lovers. Generally the market is into three major segments namely Premium brands, Standard brands and private labels. Premium brands compete on the basis of indulgent flavours, coating, topping or extras. For example Magnum ice cream bars boost the use of Belgian chocolates in its coatings. Premium branded ice creams have higher butter fat and are creamier in texture. According to a research by Research and Markets, These brands of ice cream are more preferred than other brands by 79.9%. Consumers are drawn towards premium and luxurious ice cream brands with nuts (e.g. almond, pistachio). Standard brands compete on the basis of affordability and wide availability. It still has variety of flavours, but not as rich in flavour or texture like the premium brands, it is also less creamy with lesser butter fat. The Private labels are the traditionally homemade ice creams. They engage the services of ice cream factories that have the capital, infrastructure and resources that these homemade makers do not have. Basically, it’s a co-packaging relationship that exists whereby the ice cream maker comes with their recipe and flavour and produces by leasing a factory for a period. Ben and Jerry’s compete in the premium brand segment. CONSUMER BUYING BEHAVIOUR The ice cream market is moving towards  ´premiunisation† (people tend to go more for the premium brands). Ice cream is usually consumed by people in all geographical segments, but those who reside in cosmopolitan cities like London, New York, Sydney tend to consume more ice cream than those in other areas. This is not only due to the fact that they have the purchasing means, but because people in these areas are always the first to try out new flavours and keep up with the trends. With higher disposable incomes and higher purchasing power, consumers most times buy ice cream as a reward to them and find themselves indulging their cravings. Sales of ice cream products are higher during summer. Initially people enjoyed visiting ice cream parlours to purchase and eat their ice cream, but now the take away is a huge of the consumer buying pattern.

Planning and Goal Setting Research Paper Example | Topics and Well Written Essays - 500 words

Planning and Goal Setting - Research Paper Example I have suggested these improvements to provide the customers with a clearer perception of what our business is about. In addition to that, the revised vision statement clearly mentions the aspirations and goals of the Moonlight Bakers that are required to be known by the company’s leader to make advancements for their achievement. Besides, development of a powerful vision statement is fundamental to the strategic planning and attainment of competitive advantage for the Moonlight Bakers. I would do some literature review to note down the benefits of making a business plan as well as to collect information about companies that attempted to started new businesses in the past but failed because of lack of a business plan. I would say to the CEO, â€Å"Sir, it is in the air that you are about to take over a new business. If that is the case, may we please have the opportunity to make a business plan for you? It is very useful while starting a new business in the contemporary age. I have done the literature review and these are some files I would like to share with you.† The rationale behind my soft words is that I don’t want to offend him that we know his plans even though he has not shared them with us. Secondly, I have tried to convince him with proofs of benefits of using a business plan in such situations. In the contemporary world that is changing at a fast pace, leadership with vision or visionary leadership is required for the organizations to thrive and stay competitive (Kantabutra and Avery, 2010, p. 37). Making vision statement is a preliminary step in the development of such leadership since the goals of the leader are aligned with and retrieved from the ones mentioned in the vision statement. Development of the vision statement is one of the vision driven strategies employed by organizations to succeed. â€Å"[O]rganizations which utilize effective Business plans maximize the

Job stress among help desk technicians Coursework

Job stress among help desk technicians - Coursework Example Ask support staff what issues they run into most often, and if they are things that users could fix themselves, add them to the list (Knapp 45). Sometimes, a bad relationship with the help desk may cause users to avoid reporting minor IT problems and that means those issues can stagnate and become big issues. That is why departments should make it as easy as possible for users to send IT support requests to the help desk. Different groups will prefer different communication methods. Find out what users in your company prefer, whether it is the phone, email, instant messaging, or something else (Knapp 45). Many help desks operate on a first-come-first-serve basis however, that often allows more requests that are important usually delay in favour of minor issues in the company. Instead, IT support staff should be able to prioritize their work according to established protocols. For example, issues that prevent users from getting work done should be placed ahead of those that do not. Users often complain that IT employees mess around on their computers without explaining what they are doing. Often it is something simple like installing an update, but if users do not know, they might assume they have done something wrong when a support employee stops by to use their machine. Users can often get stressed out when they run into what they believe is a huge technical problem and it might be even worse if they think it was their fault. Support staff should assure users their problems can be fixed, and be sure to never scold a user for doing something wrong. Instead, IT staff can look for opportunities to pat users on the back when they have done something