In fact, he is supposed to develop and issue in timely manner annual reports for Hubbard’s. Based on the preliminary report which he made on 2012 accounting records, results obtained showed a clear indication of a very profitable year. Basically, net income recorded was more than the projection by financial analysts for the year. The results of the financial performance pleased Brock therefore, he made a suggestion to his father to acquire some of the Hubbard’s stock because there was high possibility that stock price will shoot up after the announcement of the 2012 results. In response to his suggestion, the father believed in his words and bought some of the Hubbard’s stock block at a price of $25 per share. 1.2 Outcome of Actions After the announcement of Hubbard’s Inc. 2012 annual report on Feb, 15, 2013 alongside favorable press coverage on the company’s remarkable performance, a boost on stock price was reported, in which, share price went up to $32. This was an equivalent gain of $7 per share, implying that in case Brock’s father decides to sell off his share at this time of the year, he will earn a profit of $7 per share sold. Professional responsibility of Jim Brock in the issuance of 2012 annual reports covered a wider scope. In the first place, he is responsible for financial reporting which should be accomplished on yearly basis to help in management decision. Basically, the benchmark of account profession is to ensure that public interest is upheld. ...Show more
Case analysis is about Jim Brock who works as an accountant with Hubbard Inc. This is a large company whose stocks are listed in the New York Stock Exchange. As part of Jim’s responsibility, he is required to effectively manage corporate reporting systems within accounts department. In fact, he is supposed to develop and issue in timely manner annual reports for Hubbard’s. …
Presently, the company has its operations in the Americas, Europe, Africa, Middle East and Japan. In addition, as Marino, Hattaway and Jackson (2000) report, there are retail Apple Stores in US, Italy, Japan, Canada and UK. In the year 2009, the company announced a net quarterly profit of $ 1.23 million.
The technology used in the centrifuge project will cut down the electricity consumption in the enrichment process by a whopping 95%.This will bring down the overall enrichment costs by 50%. The current stock price does not include the expectations about ACP in which USEC is making massive investments.
This was a breakthrough idea because this was something that the competitors have lacked or have overlooked. They adopted this centralized process that Visa first brought into the market and made it work in the campus card market. Business model: The business model was such that it went through many cycles and was under the supervision of many advisors and investors, although Taran lately decided that the new business does not need any potential investor.
The company’s production lines are tailor made to suit customer’s requirements, application and the industry, but because of inefficient team managers, the company has been failing to receive funding. The project managers for each of the production lines have been failing on their job and the senior management has contributed to the failure of the project managers.
Lastly, a distinction between the accounting standards as presented by the international accounting standards (IFRSs) and GAAP.
The transaction to be classified is driven by the plans of the company to expand its operations in
The paper shows that Pepsi collaborates with its authorized bottlers, contracted manufacturers, and other third parties to distribute its products(Pepsico.com, 2015). Fundamentally, the company has six market segments spanning from North America, Latin America, Europe, Middle East, Asia, and Africa.
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