John was working in 'Axe Ltd.', a company manufacturing air purifiers. He found that the profits has started declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the business environment to find out the reasons for this decline. 1. Identify the level of management at which John was working. 2. State three other functions being performed by John.
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- Identify the type of director: 1. Tammy was a Member of the CC and when the conversion occurred,agreed to be a director of the new company. 2. Samuel is the CEO. 3.Kendra was elected and appointed to serve on occasion as a substitutefor Fiona who is on a sabbatical.4. Darren is the CFO. 5. Shona is about to give birth and Helen has been requested to fill hervacancy for at least 6 months101) In Agency Theory: a) The stockholder is the agent b) The management is the principal c) Both A and B d) Neither A nor BMr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. a.What type of people do you think he employed? b.What challenges do you think the new MD will face? c.What should the new MD do? d.As as staff of the company, what will you feel or think? e.What type of leader is the new MD?
- Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. 1.What should the new MD do? 2.As as staff of the company, what will you feel or think? 3.What type of leader is the new MD?a. What business was LaVista Lottery in? b. What is keno? c. Was this a profitable business? d. So what was the problem? e. Did Bellino discuss his concerns with Anderson? f. What did he do? g. Is there anything wrong with that? h. What is the point of this doctrine? i. But both Bellino and Anderson had a chance to bid on the keno contract. Didn’t they both have the same opportunity? Richard Bellino and Robert Anderson formed LaVista Lottery, Inc. (Lottery) to operate a restaurant, lounge, and keno game in LaVista, Nevada. They each owned 50 percent of the stock of Lottery, and both were officers and directors. Over the next nine years, the Lottery company grossed more than $100 million. Bellino and Anderson each received over $4 million in salary and dividends. Bellino spent more time than Anderson working for the company, in part, because of his personal relationship with Lottery’s lounge manager. Frustrated by Anderson’s unequal contribution, Bellino encouraged the…1. Mr. Asif working as a junior accountant in a business firm. He feels that a deservingpromotion has been denied to him and eventually become dissatisfied with his job. Whatmight be the possible consequences of his dissatisfaction? Explain.
- As a new member of the board of directors for a local manufacturing company, MohsinKhan was being introduced to all the employees in the home office. When he was introducedto Hassan Khan, he was curious about his work and asked him what the machine he wasusing. Hassan replied that he really did not know what the machine was called or what it did.He explained that he had only been working there for 2 months. However, he did knowprecisely how to operate the machine. According to his supervisor, he was an excellentemployee. At one of the site offices located in another city, the supervisor in charge spoke toMohsin confidentially, telling him that something was wrong, but he didn’t know what. Forone thing, he explained, employee turnover was too high, and no sooner had one employeebeen put on the job than another one resigned. With customers to see and place orders, hecontinued, he had little time to work with the new employees as they came and went. All site supervisors hired their own…Mary Stick was an excellent hardware designer, but she wanted to move into management in order to broaden her experience. Peter Wave, her manager, encouraged her to go to evening classes on management, and Mary worked hard for two years, coming first in her year. Soon after that a manager vacancy arose in the procurement department. Mary applied for it, but the position was filled with outside recruitment. Mary was turned down because she did not have sufficient experience in the procurement function, which was a key requirement of the job. ‘But I have better technical knowledge on components than all your procurement engineers together’, she protested, ‘ and I learned about procurement on my course. The only way I will get experience in it is to work on the job. Should mary have been given the job? How would you have handled the situation?Recall that Retrofit Pty Ltd took up Samantha’s family’s offer to invest $900,000 (on conditions) by way of preference shares in the company. In accordance with their wishes, Julian made Samantha a director to represent their interests on the board. Having sorted out the issues with Tom and Andy, Julian started work on fitting out the new office and warehouse and expanding into the café business. Prospects were looking favourable and Julian was feeling upbeat. Unfortunately, over the past several months, Julian and Samantha’s relationship has faltered. They have separated and a divorce looks inevitable. Additionally, the café is not doing as well as hoped and Julian is no longer keen on being in the café business. Julian has set up a meeting to give you an update and seek some advice. Samantha is annoyed that Julian and Bev proposed $150,000 bonuses for themselves. She believes it will reduce the profits and reduce the dividends to her family. Recall that the trustee of Samantha’s…
- The firm “Company Dew” traditionally provided only those benefits and services, which were necessary for the employees, such as, compensation due to work-related injury or illness. “Company Dew” never actually had that corporate flavor and had always ignored the human aspect. So far, the company had been successful by providing quality products and maintaining aggressive promotional campaign. But, of late, the managing director felt that there were several potential problems with the company’s policies regarding benefits and services. The most critical of them was the employee’s turnover. Historically, there had been massive employee turnovers at the junior level, which many thought to be the cause of long working hours (10-12 hours daily) and also along with very low wage compared to other industry. Of late, there had been remarkable cases of senior employees resigning. Few years back, some employees went to the managing director, demanding pension and other benefits such as profit…Add more details to the paragraph below Directors are obligated to act in the best interests of the company and must avoid conflicts of interest. This obligation might have been violated by Jackie's choice to accept the order from the large supermarket and form her own business to fulfil it. Jackie's decision to create her own business put her personal interests and her responsibilities as a director of T2J Ltd in conflict. The desire to keep the order's revenues for herself rather than distribute them to the other directors may have driven her. The prosperity of the company must also be promoted, and directors must act in its best interests. Jackie might have gone against the company's interests by keeping the directive from the other directors. Instead of Jackie's independent company, the order might have been fulfilled more effectively and efficiently through T2J Ltd. This choice might have cost T2J Ltd. money and damaged its reputation.topic - the basics of Corporate governance for the management accountant explain the role of shareholders, the Board of Directors and the senior management of the firm.