Receiverships
The fundamental difference among receivership and different methods for managing an indebted company is that a bank or other type of 'secured' creditor usually picks the receiver. This implies the bank
Smith Consulting has been retained in order to develop a functional and effective Frequent Shopper program for Kudler Fine Foods. Kudler Fine Foods has decided that it is in its best interest to implement this type of new marketing plan in order to build customer loyalty. The program will allow the shoppers at Kudler Fine Foods to earn points based on the purchases they make. These points will allow consumers to earn high end rewards. Kudler Fine Foods has specified to Smith Consulting that the desired program must be easy for the customers to understand and participate in. The reward points must be set as a reasonable limit for both the merchant and the consumer and available for redemption of items that are considered "high-end." Smith Consulting will also be responsible for constant evaluation of the program in its early stages in order to determine what type of reception the program is receiving from the customers of Kudler Fine Foods.…
In order to protect the commissioner of taxation, in a corporation’s winding up, there are two ways of collecting outstanding taxation liabilities which is going to compensate removing the commissioner’s statutory priority. These two new regimes of collecting outstanding taxation liability are indicated and clearly explained by the Income Tax Assessment Act 1936. One of regimes permits that the commissioner could make an assessment of unpaid PAYG (W) debts from winding up’s corporation. The other regime allow that the commissioner could take the recovery action according to the commissioner’s estimation and the commissioner has a power to commence the penalty regime for corporation’s directors…
Critical path analysis is a method that is used to plan out the many activities involved in a project to be able to find the most efficient way of complete it and how to complete it on time.…
1- What impact would the three new alternatives have on transfer and customer freight costs? Why?…
Smith & Wesson believe that their company is a strong competitor in the market. The primary competitors are Ruger and Taurus in the revolver market, and Beretta, Glock, Heckler & Koch, Ruger, Sig…
In 2001, Jones and Shepard Accountants, Inc. (J&S) was ranked eighteenth in size by the American Association of Accountants. In order to compete with the larger firms, J&S formed an Information Services Division designed primarily for studies and analyses. By 2005, the Information Services Division (ISD) had fifteen employees.…
Most recently the firm Holland Enterprises has retained an hr consultant to review analyze and revise the current compensation and benefit structure. We have seen since 2007 a 25% decrease in the workforce due to a lack of the benefits system that is in place. My team is committed to analyze and potentially change the perception that Holland’s benefit system is unfair and uncompetitive in the marketplace. We will find that organizations excel and remain competitive when they have consistent human resource practices that align with the companies organizational goals.…
Billabongs’ activities are exposed to a variety of financial risks, these include; market risk (including foreign exchange risk and cash flowinterest rate risk), credit risk and liquidity risk. To minimize potential adverse effects on the financial performance of Billabong, the overall risk management program focuses on theunpredictability of financial markets (Billabong Annual Report, 2011).…
References: 1Bowersox, D. J., Closs, D. J., &Cooper, M. B. (2010). Supply chain logistics management. (3rd ed.). New York: McGraw-Hill/ Irwin. Westminster Company 1 Westminster Company 2 Westminster Company 3 Westminster Company 4 Westminster Company 5 Westminster Company 6 Westminster Company 7 Westminster Company 8 Westminster Company 9 Westminster Company 10…
Corporate Restructuring Insolvency (Module-II) NO EXAMINATION NO EXAMINATION NO EXAMINATION Securities Laws and Compliances (Module-II) Advanced Tax Laws and Practice (Module-III)…
orderly liquidation authority is responsible for enlightening the government and the public of the defaults which have been undertaken by a company under possible receivership. An orderly liquidation fund is to be set up for unforeseen circumstances relating to the financial liquidation of a company.…
The most important advantage of future contracts is that at the expiration date, the price of the contract converges to the price of the underlying asset to be delivered. If the future contract is selling below the contract price, there will be many investors trying to buy for that low price and sell it to a higher price in order to get a quick profit. However this will increase the price of the contract to its normal price. This means it is arbitrage, which guarantees that the price of a future contract at expiration equals the price of the underlying asset to be deliver.…
Kathmandu Holdings Limited (KMD) is a renowned specialist in quality clothing and equipment for travel and outdoor adventure in New Zealand and Australia, operating 97 stores across New Zealand, Australia and the United Kingdom. KMD commenced trading on the Australian and New Zealand Stock Exchanges in November 2009.…
Firstly, one of the main advantages of a Private Limited Company over a sole trader is that, members may enjoy the availability of Limited Liability, hence the business is incorporated (i.e. the business has a separate identity from the owner).Therefore, liability for payment of debts stops at the Company, and owners and shareholders are not personally liable for any other debts than that of which they have purchased. On the other hand, a sole trader’s liability status is unlimited and there is no distinction between personal and business money. Hence if the business incurs debts, the sole trader will stand to lose personal assets.…
to provide as an alternative to liquidation procedures that will enable the affairs of such of those bodies as become insolvent to be administered for the benefit of their creditors;…