Essay sample - paper-605

Free
paper-605 Essay example
High school
Essay
Finance & Accounting
Pages 3 (753 words)
Download 0
Hubbard Inc: Jim Brock Case Accounting Ethics Insert name Course code Instructor’s name Name of the university Table of Contents 1.0 Brief Overview 3 1.1 Case Description 3 1.2 Outcome of Actions 3 2.0 CASE ANALYSIS 4 2.1 Brock’s Professional Responsibility to Hubbard Inc with Regards to Issuance of 2012 Annual Report 4 2.2 Was Jim Ethical in his Actions?…

Introduction

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. ...
Download paper
Not exactly what you need?

Related papers

Response paper
Armitage (2011) reports that an analysis of the professor's work reveals expressions that tend to link the globalization concept to internationalism, a term with a close association to communism and a distance a way from the unifying capitalistic market concept preached by preachers of pro westernized philosophies. Virillio rejects the globalization concept as perpetuator of a success of over free…
8 pages (2008 words)
The Evolution of Communication Technology and Personal Impact
The Evolution of Communication Technology and Personal Impact …
6 pages (1506 words)
Finance paper
Guillermo faced new competitors that utilized innovation in manufacturing processes to create an automated furniture manufacturing operation that required minimum labor. The competition was able to offer products of good quality with great precision at rock bottom prices. When the new competition came into the market Guillermo Furniture Store faced a variety of problems. During the same timeframe…
3 pages (753 words)
The financial performance of McDonald’s.
the financial performance of McDonald’s. …
Exam Paper
semi-strong form of efficiency is a class of EMH which claims that all public information is calculated into a stock’s current price hence there is no way either fundamental or technical analysis is applicable to achieve superior gains. It claims only non-publicly available information can be used by investors to earn abnormal returns on their investments as all the other remaining information…
5 pages (1255 words)
Research paper.
Some misrepresentations however aim at esteeming an organization’s financial position to present a better image to stakeholders. I, in this paper, review cases of accounting fraud. Worthen reports a claim by Hewlett Packard that Autonomy, a United Kingdom based company that it acquired two years ago, had misrepresented its financial position to the harm of Hewlett Packard. Hewlett Packard…
Healthcare sector in U.S.
Healthcare sector in U.S. …
9 pages (2259 words)