Choose three companies and observe how employees do their tasks. These can be three different fast-food restaurants or three entirely different types of companies, such as a fast-food restaurant, a department store, or the emergency room of a hospital.…
A local business that I frequent is Walmart. I go there on almost a weekly basis to get groceries and other necessities. The three main components of a business model are its business commerce, business occupation, and business organization.…
In 1985 R. Foster Winans a columnist for “The Wall Street Journal” was convicted of giving information to two stock brokers he was writing and article about in his column “Heard On The Street. Foster was charged with insider trading. The stockbrokers make a whopping 690,000 and Winans cut was 31,000. I thin k this case does meet the requirements of inside trading established by the Supreme Court in the case U.S. vs. O’Hagen because the Foster leaked information about contents of a column , “Heard on the Street” before publication. The leaks allowed his stockbroker friends to make trades in anticipation of the impact the column would have and allow them to make a profit before the new hit the street. According to Lawrence inside trading is A person who trades on information that he or she knew was supposed to be confidential is guilty of misappropriation, regardless of whether the trader is directly connected to the company whose shares were purchased. This new law covers anyone who learned and traded on information they knew was illegal. It does not cover people who come across information just by chance…
Joint stock company- is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company's shares (certificates of ownership)…
Limited Liability Company (LLC) means that, the investors are only limited liable in case the business, the investors invested in, goes bankrupt. The creditors can only take what each investor has initially invested. The creditors must not take outside an investor’s investment, no personal monies that are not part of the investment.…
A partnership has two or more owners who share control and management decisions of the company. Profit or loss is split between the owners based on a predetermined percentage rate, usually determined by investment or activity in the company and reported on each individual’s income tax report.…
Joint-Stock Company means that, a partnership or corporation between two parties. Stocks are issued the parties in return for each contribution. The shareholders are allowed to transfer or sell their investment interest at any point in time by selling…
In managerial accounting, however, the segment is of major importance. Segments may be products, projects, divisions, plants, branches, regions, or any other subset of the business. Tracing or allocating costs, revenues, and assets to segments creates difficult issues for managerial accountants.…
In the first case study I believe we see a lot of the expectancy theory. According to the text…
A local business that I frequently visit is Tactical Reload. Tactical Reload is a locally owned and operating, hunting and fishing store. The main components of Tactical Reload’s business model revolve around quality products. The owner of Tactical Reload has a plan to track which type of guns are bought as well as the make of the guns purchased. This allows the owner to see what guns are continually purchased as well as what make of guns are popular with his customer base. The owner uses his resources to purchase quality, popular guns and gun products. This tracking system used by Tactical Reload allows their business to have a competitive edge in providing types of products that customers trust and have purchased in the past.…
If a regular partnership goes bankrupt, each partner is exposed to liabilities only up to the amount of his or her investment in the business.…
31. Joint-stock company is a company or partnership that has two participants. Stocks or charters are given to each holder in exchange for financial contribution. These holders can also sell or transfer their stocks. The first joint-stock companies used in the Americas were the Virginia and Plymouth companies in the 1600s. The joint-stock companies allowed for safer investments as well as business partnerships in the future, setting up a capitilistic economic…
A Company allows shareholders to limit their maximum possible liability for the debts of that Company to the amount of the paid capital in the Company. If a shareholder holds hundred $1.00 shares in a Company, that shareholder's liability for the company's debts is limited to $100.00. Shareholders are only liable for any unpaid shares and any debts that have been personally guaranteed. That's in contrast to the position of a sole trader or partner in a firm who is liable for the debts of that business unlimited.…
One of the fundamental principles of the LLC is to reduce extra costs and protect each MBM’s private property. Participants of Limited Liability Company bear the risk of losses which can arise at them in connection with activities of society, only within the deposits to its authorized capital. Property of Members of the Company is separated from the property of a limited liability company, and during the bankruptcy of the company, its members risk only within the value of their contributions. The limited liability principle does not allow creditors to rely on any other property besides the company's property. An important feature of a limited liability company is the fact that by its nature it is a closed business entity and assumes a stable structure of members. Due to that reason that creditor can bring one lawsuit against MBM jointly instead of separate claims, can be saved funds and time at…
If a limited company becomes insolvent and is wound up only the assets of the company are used to clear its debts. The officers of the company have no personal liabilities and are not made bankrupt and are free to incorporate another company. By contrast, if you do business as a partnership or as an individual, the creditors can claim on all your property to satisfy the debts, and if this is insufficient you may be declared bankrupt. An undercharged bankrupt is forbidden to start another business or to become a director of a Private/Public limited company.…