Table of Contents Executive Summary 3 Introduction 4 Analysis of Alternatives 5 Alternative 1: Introduce a new product 5 Alternative 2: Increase promotion 6 Alternative 3: Raise prices and cut costs 7 Recommendations 7 Appendix: Budgeted Income Statements & the Rate of Growth in Profits 9 Executive Summary Shepard Poles is a manufacturing company that has been providing specialized poles in the market for over ten years. Shepard Poles has about three different product lines: hiking poles, downhill ski poles, and cross-country ski poles. According to the calculation on current operating data, the company has incurred a operating loss of $ 165,000 this year. If any new strategic initiatives are not implemented next year, the unit sales and all costs are expected to rise about 7 percent and 2 percent respectively. However, this situation would make the company incur more loss next year, which is about negative $ 293,586.
Chronology of Events 2/22/00: CalPERS identifies 10 underperforming companies that will serve as their primary focus for corporate governance activism for the 2000 proxy season. The Focus List is made up of two retail companies, JC Penney being one of them, a bank, and 7 other corporations. CalPERS has investments in more than 1600 US companies. The 10 included in the Focus List were selected due to their long term stock performance, corporate governance practices, and economic value added evaluations. JC Penney was named on this list for its disappointing stock price relative to the retail industry.
During an investigation there were many questionable accounting transactions that were brought up, such as large executive bonuses as well as many loans for large amounts of money that were later forgiven without repayment. Kozlowski and Swartz were sentenced to 8 – 25 years in prison ("Investopedia", 2014). Then a lawsuit against Tyco cost the company $2.92 billion in repayment to its investors ("Investopedia", 2014). The biggest issue here was allowing for a CEO and CFO to have too much access to funds. A protocol should be in place that when a sale of stocks is made and no one authorized it then a full audit should take place from a third party or if a loan is going to be made then more then just the CEO and CFO’s approval needs to be given.
MCI signed up resellers by the dozen and let bad billings mount. When Pavlo went out into the field to dun the debtors, he found a wild and woolly world. One prepaid calling card outfit, Caribbean Telephone & Telegraph in Bloomfield Hills, Mich., signed on in early 1995. By midyear CT&T owed MCI $30 million, Pavlo says. The small firm's debt swelled faster than MCI could even track it; MCI took 60 days to get a bill out and waited another 15 days before it came due.
This concludes that he is the central character; the protagonist. The antagonist would be society. The war has affected each and every individual of the gang on the inside, even if
Possibly the most important showdown was the debt-ceiling fight of August 2011. It “threatened the country's ability to meet its financial obligations and resulted in an unprecedented downgrade in the U.S. credit rating by Standard and Poor's. The subsequent failure of the bipartisan super-committee to reach a deal on $1.2 trillion in targeted budget savings over ten years unleashed automatic spending cuts for both defense and non-defense spending”
The recent history of Air Canada is not bright one. In March of 2003 Air lines cut 3,600 jobs. Which at that time the company was in bankruptcy protection and was negotiating to make major reduction in labour cost. The company attempted to reduce its annual operating expenses by 25 percent, or C$2.4 billion. Last year, because the price of oil had raised to $150 a barrel many CUPE members lost monthly flying time.
As the 12th year of the post-9/11 wars begins, the toll of war in human lives and US federal dollars continues to grow. When President Barack Obama withdrew uniformed American troops from Iraq last year and announced substantial troop withdrawals in Afghanistan, he concluded in a UN speech that “The tide of war is receding.” Hundreds of billions of dollars, however, will continue to be allocated for or because of the wars. So, too, will the human costs of these conflicts reverberate for years to come in the United States and the war zones. There is no turning the page on the wars, and there is even more need as a result to understand what those wars’ consequences are and will be. What we do know, without debate, is that the wars begun eleven years ago have been tremendously painful for millions of people in Afghanistan, Iraq, and Pakistan, and the United States, and economically costly as well.
Murataj 1 Endi Murataj Ms. Knight ENG4U1 June 1st, 2012 The Corruption of Power Power; it has meaning to every person and his life, whether one is helpless or dominant; it touches all people in some way or another. Those who possess power control those who lack it. These individuals must choose the manner in which they wield their authority. While some will use their influence for the betterment of humanity, others will make a conscious and corrupt decision to act only in their best interest. This abuse of power has been seen throughout history by figures such as Dictator Muammar Gaddafi.
One of the most well known ways that the government has gotten us into this shape would be how they take away Medicare and Medicaid from the older generations to increasing the cost to go to college for the younger generation ( Jonus, 2012). The prices of gas and groceries have been on an up rise for years now and are steadily going up. This puts so much stress on the common day American that their trust in the government has diminished. When you turn on the T.V and see these politicians going on big vacations and riding around in nice fancy vehicles you start to wonder to where your hard earned money goes. It is really hard to fully grasp the idea that our government is doing the best for us and to stay calm while our country falters at the seams day by day.