CASE ANALYSIS: FERGUSON FOUNDRY LIMITED (FFL) EXECUTIVE SUMMARY Introduction After reviewing the financial statements for the fiscal year ended May 31‚ 2010‚ Mark Ferguson‚ President of Ferguson Foundry Limited’s (FFL)‚ was disappointed with the results. Operating Income was $367‚600 below expectation‚ despite having sold 2‚000 wood stove units greater than budgeted. To determine which areas FFL’s actual performance was better or worse than expected‚ a variance analysis will be conducted
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Plessy vs.Ferguson The case of Plessy vs. Ferguson started when a colored man named Homer Plessy was put in jail for refusing to move from the white car of the East Louisiana Railroad on June 7‚ 1892. Even though Plessy only one eighth black and seven eighth white‚ he was considered black by Louisiana law. Plessy didn’t like the fact that he was considered black‚ he went to court to argued in the case of Homer Adolph Plessy vs. The State of Lousiana. The Separate Car Act‚ which forced segregation
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challenge the law in the courts. Plessy deliberately sat in the white section and identified himself as black. He was arrested and the case went all the way to the United States Supreme Court. Plessy’s lawyer argued that the Separate Car Act violated the Thirteenth and Fourteenth Amendments to the Constitution. In 1896‚ the Supreme Court of the United States heard the case and held the Louisiana segregation statute constitutional. Speaking for a seven-man majority‚ Justice Henry Brown wrote: "A statute
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Brian Hobbie Anthropology 105 December 5th‚ 2014 Racism Without Racists In recent news‚ there has been much talk about the Ferguson racial issues. Ferguson‚ Missouri has become infamous for its recent riots and protests. An African American teenager named Michael Brown was shot and killed by a white police officer. What happened on the night of August 1st is Officer Wilson was notified of a robbery and pursued Brown in his vehicle. Wilson came across Brown and was able to stop him with his car.
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------------------------------------------------- Case: Ferguson Foundry Limited (FFL) EXECUTIVE SUMMARY Date: March 10 2013 To: Mark Ferguson‚ President From: Carl Holitzner Re: FFL’s Lower-Than-Budgeted Profit for the Fiscal Year Ended May 31 2010 The major issue is determining why Ferguson Foundry Limited’s (FFL) actual profit was $367‚600 lower than budgeted‚ despite selling 2‚000 more wood stoves (12‚000 instead of 10‚000 units). This will be explained using Variance Analysis
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Girouard Managerial Accounting 10/3/12 Module 6 Assignment 2 Ferguson & Son Manufacturing company is attempting to increase efficiency and reduce cost by introducing monthly performance reports for each department. Robert Ferguson Jr is trying to introduce this new type of accounting system and when you try something like this you will always run into some problems‚ but Robert is creating a culture of resentment. Robert Ferguson is using a static planning budget to analyze the performance of
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Diana Ochoa Legal Studies 100 midterm 1 Professor Richard Perry October 1‚ 2012 Plessy v. Ferguson Plessy v. Ferguson is one of the most important and controversial cases in United States history. In 1896 the case was brought to the Supreme Court after defendant Homer Plessy was arrested for sitting on the white side of a train. Plessy who was 1/8 black was arrested and convicted of violating one of Louisiana’s racial segregation laws. The Supreme Court upheld that states were
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Today‚ we will be discussing the term “Syndication” and why the authors John von Soosten and Douglas A. Ferguson spent the time they did on the subject. Syndication‚ are usually reruns of TV shows‚ specials and movies sold to individual stations or station groups for exclusive showing in a single market. The Syndicator in this case-of our authors‚ sell the telecast rights to a program to a local station for a certain term and for a set number of plays. That person‚ or syndicator in charge continues
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Doug Steffen Government Period 4 September 25‚ 2014 Should the United States be the World’s Policeman? Since George H.W. Bush (41) took office in 1989‚ the United States has intervened in several high-risk situations such as the Gulf War‚ military deployment in Iraq‚ and the ongoing War in Afghanistan resulting in thousands of deaths of American soldiers. This is not okay because these soldiers are sons‚ daughters‚ brothers‚ and sisters‚ of fellow American citizens. Although the President can
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1. The expense of cost of goods sold‚ translated at average exchange rates for the year on the income statement was the most responsible for this drop in income. Comparing with 1979‚ this expense increased by US $186.7 million in 1980 and this was the main reason why the loss from continuing operations increased from US $35.4 in 1979 to US $199.7 million in 1980. We can see that the high interest rate and inflation increased the cost of production to a very high level so that a huge loss has been
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