Overview The lawsuit between Solo Cup Company (“Solo”) and Trigen-Cinergy Solutions (“Trigen”) arose out of an Energy Services Agreement and Equipment Lease that Solo entered into with Trigen to construct an 11.2-megawatt electricity co-generation plant at the Owings Mills facility. Solo was under the impression that by entering into this agreement, they would save at least $820,000 in energy costs annually, which was to be prepaid by Trigen and eventually paid back by Solo over 20 years. After Solo did analyses on the project, they discovered they would actually be losing money in the first year of the contract, and took action to sever the contract. Arbitration then took place to award damages to the rightful party. After extensive review of the relevant facts in this dispute, it has come to my attention that the loss contingency is incorrectly booked for Solo Cup Company.
M International (“M”) and W Inc. (“W,” a competitor of M) have been engaged in long- standing litigation over a specific patent infringement matter. Below is a summary timeline of specific events that have taken place related to this matter: • In May 2007, W filed a claim against M for patent infringement. • For the year ended December 31, 2007, management of M determined that a loss for this matter was probable and represented that the estimate of loss was in the range of $15 million to $20 million, with $17 million being the most likely amount of loss within the range. • A jury trial took place in September 2009. • The jury reached a verdict on September 24, 2009, and a judgment was ordered in favor of W. The judgment required M to pay W $18.5 million.
Tiffanie Murray April 30, 2012 Arbitration Exercise ROSE ENTERPRISES And SAGLE ELETRONICS DECISION APRIL 30, 2012 Decision by member Tiffanie Murray for the Authority I. Introduction and Background On December 1, 2010 Rose Enterprises entered into a contract with Sagle Electronics for the period of January 1, 2011 through December 31, 2014. Both parties agreed on the following terms, Sagle has been contracted to upgrade Roses computer systems and provide technical support for a period of three years, under the terms Sagle will be compensated 50,000 for the system upgrade. Sagle will be paid in two installments of 25,000, with the last installment to be paid upon completion. Sagle has agreed to be completed within 60
On March 3, 1995 Dr. Vernon Robertshaw leased a Fluoroscan imaging machine from Fluoroscan Imaging Systems Inc. of Northbrook, Illinois. Dr. Vernon Robertshaw paid a deposit of $1,579.52 U.S and was to pay monthly rental of $686.75 U.S for 60 months. The said machine was unique and it was designed to produce continuous images. Unfortunately machine did not work and plaintiff returned it to defendant for repair three times during the first year. Defendant was unable to correct the defects of that machine and he assigned the lease to Trans Leasing International that company bought out by General Electrical Capital Corporation.
October 9, 2013 With managements recent restructuring and cost-cutting measures, Pharma Co. is experiencing problems accounting for the restructuring costs of terminating Plant A as of December 31, 2011. The termination of Plant A will bring several significant costs we will need to account for. One of the first costs we will encounter is the cost of terminating the lease with a fee of $1.3 million. On January 31, 2012 we are planning to vacate the facility and at the same time sign the lease termination agreement. Under ASC 420-10-25-12, a liability for costs to terminate a contract should be recognized when the entity terminates the contract in accordance with the contract terms.
App. 2000). Because Lester abused our client for over a year, the court most likely will find that such an injunction is necessary to prevent further injury. Thus, the court will probably issue a Temporary Restraining Order against
PLANNING DOCUMENT FOR VIKING INVESTMENTS Role: SANDY WOOD, WoodCrafters, Inc. What issue is the most important to you? (List in order of importance) 1. To persuade Pat Olafson, the owner of Viking Investments, to pay entire outstanding invoice in cash within 15 days. Alternatively, aim for invoice payment of $700,000 in 15 days, the rest in 30 days 2. To persuade Pat not to recall the $200,000 loan 3.
DST starts on the first Sunday of April and it continues all the way through the last Sunday of October. However DST schedule only stayed like this through 2006. According to Cable News the act came from the transportation industry which demanded that there should be consistency across time zones. In the United States department of transportations view, they now oversee changes in the United States. A year after 2006, the DST schedule was changed to start from the second Sunday of March all the way through the first Sunday in the month of November.
Should Craft consider using a cap as a hedge? What strike price(s) for the cap(s) would you recommend he use to construct a hedge for the next 12 months? Craft should consider using a cap as a hedge since the bank agrees to pay the excess
1. Accounting Return Analysis A. Estimate the operating income from the proposed apparel division investment to Nike over the next 12 years. B. Estimate the after-tax return on capital for the operating portion of this period (Years 3-12) C. Based upon the after-tax return on capital, would you accept or reject this project?