Sunbeam Case Summary

If Boeing released the cost overruns in their quarterly statements the stock price would have dropped and Douglas would have revoked the deal, so timeliness was a major factor in whether the deal would have fell through or not. The full disclosure principle is also relevant because it requires a company to provide information about the company to its investors so they can then make decisions about the company. Lastly the matching principle is relevant because the company was not matching its expenses to its revenue because their statements were inaccurate when they were presenting them to the

Altering Financial Statements Major companies with extensive operations such as Chesapeake Energy have several areas in which their financial statements can be altered intentionally. This can be due to issues such as motivation of employees, opportunities that may arise, and rationalizations individuals make for such actions. One area in which individuals may alter such financial information relates to understating expenses to boost profits. There are several reasons to commit such fraud and report overstated profits. Staff members may be under pressure by higher level management by standards set in the beginning of the year, in addition, bonuses and compensation packages may solely depend on profits for the year.

In easy words, the organization wants to improve their delivery to their customers. An organization is connected of various parts and has many sub systems including Finance, Human Resource, Information Technology and marketing as well. When these all aspects are combined then they form a company. This study focuses on using the company as a Systematic thinking and this approach is very important to determine the most appropriate technology for the company based on the concerned problems. Systematic thinking is a management discipline that focus on understanding the system by linking the various components within the entire

Regarding my employer-sponsored retirement savings plan, I partake in a traditional 401(k) plans; also known as a defined contribution plan. Furthermore, the benefits of a 401(k) plan include the accessibility to small businesses and more eligibility for employers to acquire a 401(k) plan, and additional benefits to employers and employees. In depth, employers are able to set eligibility requirements when a plan is created; moreover, employers can also restrict individuals who have less than a year of service from being eligible for the 401(k) plans (The 401(k) Advantage, (n.d.), p. 1). With this intention, employees immediately attain their own tax-deferred contributions, are able to withdraw before 59.5; however, there may be a 10% deduction penalty, do not have to pay federal income taxes until the plan is created, and employees of a 401(k) plan can also permit loans and hardship withdrawals.

Understanding Six Flags’ enterprise value of $1.311 billion (Exhibit 2), H Partners is able to make a more informed decision as to the overall health of the company. It is also important to note that the enterprise value is influenced by the amount of cash that Six Flags will hold after the reorganization. The enterprise value can be inflated by lowering the amount of cash that Six Flags is going to hold, however, the less cash they have available to them, the higher the chance of falling back into liquidity problems, therefore, we feel that taking an average is a reasonable way to determine the amount of

Converting to a flat tax system would mean everybody would give an equal percentage of their annual income earned for taxes. Now as this seems fair, is it really though? People who have lower incomes would obviously have a lot less money left over after the flat tax was collected. Another disadvantage of flat tax would be the loss of jobs. The IRS would be hit hard considering their line of work would be gone if the United States shifted to a flat tax system (Gordon

Expense reimbursement accounts and how they are managed can be an integral component of a company’s total compensation package for sales reps and can impact the type of sales talent the company attracts and retains. Subsequently, companies must take a thoughtful and strategic approach to deciding how they intend to reimburse sales reps for various business related expenses incurred by sales reps. Therefore, most companies have elected to employ either a direct or limited reimbursement plan for sales reps. Direct Reimbursement plans allow companies to craft reimbursement policies to reimburse sales reps for all allowable business related expenses. Therefore, companies are able to proactively provide sales managers and sales reps with clear direction regarding the size and total amount of reimbursement for various sales activates.

Tax deferred deductions will lower the gross taxable wages for the paycheck by the amount of that deduction. Taxes will not be paid on this deducted amount until a later date, usually after retirement. Many people like this type of deduction because it lowers the amount of taxes being withheld from the paycheck increasing the net pay. These style of deductions could be 401(k), IRA and some insurance premium deductions. 401(k) and IRA accounts have their tax liability paid at the time the money is withdrawn out of the account.

When planning and establishing a wage/salary for employees of a company, many considerations should be addressed according to current economic situations as well as current federal, state, and/or international minimum wage laws. Other factors such as employee benefits and/or bonuses should also be considered in terms of setting employees’ salaries. Although all corporations must adhere to the laws, HR should consider and expect future budget increase and be able to create and establish a beneficial salary/wage for employees that would allow the corporation to be competitive while being cost

Process flow documentation would supplement the SOPs by providing a visual of the processes, including handoffs to other offices, and could be scenario-based to cover all cases that may arise during the recruitment and hiring process. Creating checklists would add value by showing at-a-glance what needs to be done to complete individual tasks. A POC list would add value by giving information about key players involved in the process enterprise-wise, including the details about their role and where they fit in, which office they work in, and their contact