...To: Board of Directors of Caribbean Brewers, Inc. From: Advisor, Caribbean Brewers, Inc. Subject: Report on the Performance Measurement System for Cost and Quality Control Date: April 17, 2014 Performance Measurement Background Since Gera International purchased a 75 percent share of the brewery, the performance measurement system has changed immensely. Presently, the production personnel can earn a bonus if production costs do not exceed 43% of sales. In the past, the bonus was based on a combination of average total production costs and quality control, which has since been eliminated. This change in performance measurement has also affected JJ’s benefits, eliminating his annual dividend, and decreasing his ownership in the company from 25% to 8%. Cost Control JJ, the production manager, is extremely displeased with the new performance measurement system for a variety of reasons. Regarding costs, the production personnel’s bonus is based on many factors which are out of their control. The production facilities were expanded in 2008 in order to double production capacity. Since the expansion, the plant began producing Gera beer as well. As a deposit cannot be collected on exported Gera beer bottles, all bottling costs are expensed and charged solely to Caribbean Brewers Inc., resulting in a cost increase of over $6.1 million in 2009. Depreciation is also included in determining total production costs as a percentage of sales for bonus purposes. As a result...
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...413- Debate Speech Opening: The CICA states in their “Understanding Financial Statements” document that the independent audit is the highest level of “reasonable” assurance that a company is presenting fair and applicable data based on the standard IFRS/ASPE frameworks. Two key words are repeated in this document, reasonable and independence. Audit results are reasonable as absolute certainty is not possible with the judgment, testing, and the limitations of internal controls, which are beyond the auditor’s control. Audits are done as a persuasive more so than a conclusive tool for shareholders. Independence is required for an audit as it adds overall value to the evaluation. The value of independence conducted by a certified professional accounting firm includes proximity, flexibility, compliance, collective interest of the industry, and general access to resources. 1) Proximity – audit independence allows the company to choose a professional accounting firm that is closer to their industry, especially in rapidly changing sectors it is beneficial to have an auditor who is familiar with that type of market. This allows for more detailed and current information to be presented, evaluated, and reported as problems can be identified in a more timely fashion. A lot of times with regards to industry proximity and understanding, government regulators are playing “catch up”, as quoted in a Harvard Financial Reporting debate article. 2) Flexibility – the flexibility...
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...ACCOUNTING 4600 FALL 2013 ETHICS ASSIGNMENT 2 CARIBBBEAN BREWERS: TRANSFER PRICING, ETHICS AND GOVERNANCE Page set up: One inch margins, Times New Roman 12 point font. Double spaced. Two pages. As future professional accountants, you must possess excellent written communication skills if you are to be successful. Therefore, we have adopted the “Fatal Flaws” approach in grading written assignments in this course. See the Fatal Flaw” policy below. In your essay, you should address the following. This does not mean answer the questions as separate items. They should be woven into a well written narrative. 1. What is the main issue? 2. Why is it an issue? 3. Which part of the conceptual framework is applicable to this situation? 4. Do the cost allocation and pricing policies make sense? 5. What is the impact of the pricing and cost allocation system on the financial statements? 6. Who are the stakeholders? 7. Which, if any, stakeholders are impacted? 8. Who is the CEO responsible to? 9. What should the CEO report to the Board of Directors? “FATAL ERROR LIST” ------------------------------------------------- D.J. Eder, Ph.D. In an effort to assist with enhancing your writing skills, the School of Accountancy has adopted the “Fatal Error” policy in its curriculum. This listing was derived from the accreditation experts; the policy allows for making writing development a priority in your learning. Learning to avoid the...
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...discourage and deter any illegal entry into the country. (S. 1070). The intent of this bill seems to provide an answer to the question of how to secure the border. However, further examining the enforcement of this bill will show how this is a controversial and unconstitutional bill. Body SB1070 reads, “A LAW ENFORCEMENT OFFICER, WITHOUT A WARRANT, MAY ARREST A PERSON IF THE OFFICER HAS PROBABLE CAUSE TO BELIEVE THAT THE PERSON HAS COMMITTED ANY PUBLIC OFFENSE THAT MAKES THE PERSON REMOVABLE FROM THE UNITED STATES” (S. 1070). The key phrase is probable cause. In simpler English, enforcement of this bill allows an officer to profile someone by the color of their skin, accent, or any trait similar to that of an alien. Arizona Governor Jan Brewer calls the affirmation of this bill a victory for “law and order” (Costantini). She believes the bill helps identify and remove illegal immigrants. Petra Falcone, a fourth generation Mexican-American living in Arizona feels threatened by SB1070 stating, “Anybody of color would be subject to increased profiling under the law, and I just think that's unjust," Falcón said. "For myself, for my children, and my grandchildren, I'm worried” (Costantini)....
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...Reasons why it would be good is because it creates jobs and attracts business. Where people can go to do all their shopping conveniently. Because all the stores are right next to each other. Instead of having to drive across town to find what they are looking for. So it boosts econmy and saves people time and money. Because people don't have to get in and out of their cars and drive 10 to 25 minutes across town to find what they are needing. Plus they save gas so there for they are saving money.\ Reasons why It would not be a good idea. It will also put people out of business. Which is not good for the town. It will cause the population of the town to go down. Because the people who owned the small little stores will be forced to close and move to a new town to re open. plus with the traffic situation we will also lose money because we will have to expand the width of the highways. Just so people can make it out there. So here is my conclusion I say that the building of the stores is a great risk and a great longterm benefit for the town because It will allow the continuing of the town to grow. but in a short-term we will lose a lot with this project. but in a few years we will get it all back if not more. because it will start to drawl attention to the town wich will increase houses being built and a major population increase and allow more business to move in and the town will become a city and benefit even...
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...theft, and killings has left the citizens of Arizona in fear. Making the state government take extreme measure in hopes of protecting its people. Measures such as the governor of Arizona Jan Brewer speaking with President Barack Obama on the problem of immigration and boarder security. Arizona passed a legislative act called the Support Our Law Enforcement and Safe Neighborhoods Act (Arizona SB 1070), Which to this date is the strictest anti-illegal immigration measure that has taken place in the United States. The Arizona Act required law enforcement officers to verify if an individual is in the state legally or not. This is done by viewing registration documents whenever one is pulled over in a traffic violation, detention, arrest, or when an officer though an individual was in the country illegally. This Act caused much controversy across the nation from those who approved the Act and praised Arizona of finally taking action to protect our nations people and resources. To those who opposed it and cried out that this Act created racial profiling and is unconstitutional. Taking much trash talk and extreme measures such as boycotts from those in opposition, Arizona nonetheless continued to press forward for the safety of its citizens. Governor Jan Brewer signed the Act on April 23, 2010. The Act would go into effect after...
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...Jarrod Thompson 4 March 2014 A Battle for Freedom Brief Summary Two of the most debated topics in the U.S. today are those of gay rights and religious freedom. Recently, these two issues clashed head-to-head in the form of a Senate bill in the state of Arizona. This bill would have protected business owners exercising their religious freedom in refusing service to others. The following will describe the facts involving the bill and offer recommendations on why its veto was an adverse decision. Statement of Facts Senate Bill 1062 (SB 1062) was introduced in early 2014 by Senator Steve Yarbrough as a means to update Arizona’s Religious Freedom Restoration Act (RFRA). These updates are meant to clarify the protection that individuals would have in exercising their religious freedom. These protections include using religious freedom in conducting business and in dealing with other private citizens with regards to court cases. Advocates of the bill have cited a case from the New Mexico Supreme Court as a critical need for these changes. In that case, Elane Photography v. Willock, the Court ruled that the state’s RFRA did not apply to the enforcement of a state law. The Center for Arizona Policy, one of the bill’s major proponents, seeks to eliminate the enforcement of state laws that violate religious liberty. The group claims that SB 1062 clarifies and strengthens existing laws protecting religious freedom. The bill gained national recognition due to the...
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...PHIL 3515 Arizona Immigration Law-Was it wrong? If a state passes through a law that takes away people’s rights and freedom because you’re considered to be a minority, is it racist? The law I’m referring to is the Arizona SB 1070, which was introduced in 2010 by the Arizona House Bill 2162, and then signed by Governor Jan Brewer of Arizona.2 The Arizona SB 1070 (also known as The Support Our Law Enforcement and Safe Neighborhoods Act) is a legislative Act in Arizona that at the time it was brought up, it was the widest and strictest anti-illegal immigration measure in recent U.S. history.2 The law reads that every alien living in the United States over that is fourteen years or older must have registration papers or documents in their possession at all times; if this condition isn’t followed, its considered a federal misdemeanor crime. The law also allows people in the police force to stop anyone who looks or seems to be from another country, to check if they have the right documents in their possession.2. While the law specifies who “aliens are”, the law makers and officials clearly target the Hispanic race in living in Arizona. According to the Census numbers, the Hispanic population has grown over 50% from 1990 to 2012, which also includes the number of undocumented immigrants living in Arizona.4 The total Latino population in Arizona is increasing every year and the Arizona officials believe that the only way to contain it is by forcing them out of the country. 4 I believe...
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...leader is the one in the charge, the person who convinces other people to follow. A great leader inspires confidence in other people and moves them to action.” Former Arizona Governor Jan Brewer was indeed a great leader. Not only did she inspire the people of Arizona to stand up for their rights, she inspired these same people by fighting for their rights herself. Leader, Manager or Both Former Governor of Arizona, Jan Brewer, became governor in 2009. At that time she was Arizona’s Secretary of State. When Former Governor Napolitano resigned Former Governor Brewer took on the role. That was on January 20, 2009. In 2010 Brew was then elected to her full term as Governor of Arizona. She remained Governor until 2015, when her term limits were up. Former Governor was both a leader and manager. As a leader she sought many changes in Arizona law, as well as, challenged new laws. As a manager she had to make some very unpopular decisions, based on the law. She had to do what was right, no matter how the people felt about it. As a leader and a manager she had to make the right decisions for Arizona based on law, as well as, making sure that she did what was right for the people of Arizona. Leadership Roles and Functions In her role as leader of Arizona, Governor Brewer had to fight different political issues. She fought to appeal Obamacare. She called a special meeting trying to get the mandated health plan appealed. When her efforts failed, she had to...
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...In endorsing this Bill, Brewer sighted the killing of an Arizona rancher weeks earlier as one of the many crimes that the Bill is to prevent. Patricia Smith in her article “The Great Immigration Debate”, tells the story of Erin Goheen and Andres Gamboa, two students of the University of Arizona. Gamboa whose parents are Mexican immigrants, claims that the law was highly discriminatory and that locals of Arizona fears are unfounded as immigrants are not prone to commit crimes. While, Goheen, whose parents are American-born, is delighted with the new law acclaiming “I am more than thrilled about this law…I’ve read it more than 20 times. I have it printed out and take it with me almost everywhere”. This highlights the sharp divide Americans have on the view of immigration. Statistics support Gamboa while the political rhetoric as seen echoed by Jan Brewer continues to influence the view of...
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...Company Research Paper: Milwaukee Brewers Introduction I decided to do this research paper on the Milwaukee Brewers because they are my ideal company to work for. I have played baseball my entire life and love the Brewers in particular. My desire to work for the Brewers is not solely based on the fact that they are my favorite team though. The Brewers have increased their revenue and attendance every year for the last 5, this shows that they as a company, are growing and continuing to make more money. Background The Brewers are a Major League Baseball Team that has been based out of Milwaukee, Wisconsin, which has a population of about 1.5 million people since 1969 (Forbes 2011). Although the population surrounding the team is high, the brewers are the smallest market in Major League Baseball. In 2001 the Brewers made themselves known when they built a new stadium, Miller Park, which at the time was one of a kind. Throughout this paper I will give statistics such as revenue, team value, and player expenses from 2006 compared to 2011 to show how much this company is growing. Team Value In 2006 when Brewers owner Mark Attanasio bought the team he paid 223 million, today the Brewers are estimated to be worth 376 million, a 68% increase in five years is proof that the Brewers are a team and a company that is on the rise and growing even more every year. The valuation breakdown of the team is as follows:...
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...Jan Brewer is the Republican governor appointed to the state of Arizona. She is the 22nd Governor and fourth female that has taken office since 2009. In a brief look at her history, Governor Brewer has been a gladiator for the state so to speak. She tends to be one of the few willing to take a stance against the government and does not readily back down. However one of her recent stances this time takes side with the federal government. This support is in regards to Medicaid. Medicaid is a federal system of health insurance for those in need of financial aid. Due to Obamacare Medicaid will face an overhaul of expansion. Jan Brewer is making strides to expand Medicaid within Arizona and is one of the first to come up with a proposal on how to do so. The present healthcare of this country has to start with reform within the different states. Each state has a different way to go about it but ultimately the goal is to be in a positive direction when it comes to healthcare. Access to healthcare is a nationally debated topic. There are differing opinions as to what and how exactly healthcare reform should go about. Some focus on the cost and others focus on the access of it. The general consensus is that the access and cost of health care can afford a makeover so to speak. Although cost is important the first thing that needs to be focused on is access. Federal programs such as Medicaid and Medicare are established to help in the area of access. They have varying eligibility requirements...
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...Major League (film) From Wikipedia, the free encyclopediaJump to: navigation, search Major League Theatrical release poster Directed by David S. Ward Produced by James G. Robinson Joe Roth Mark Rosenberg Chris Chesser Irby Smith Written by David S. Ward Starring Tom Berenger Charlie Sheen Corbin Bernsen Margaret Whitton James Gammon Wesley Snipes Charles Cyphers Chelcie Ross Dennis Haysbert Andy Romano Bob Uecker Music by James Newton Howard Studio Morgan Creek Productions Distributed by Paramount Pictures (US only) Release date(s) April 7, 1989 (1989-04-07) Running time 107 minutes Country United States Language English Budget $11 million Box office $49,797,148 Major League is a 1989 American satire comedy film written and directed by David S. Ward, starring Tom Berenger, Charlie Sheen, Wesley Snipes, James Gammon, and Corbin Bernsen. Made for US$11 million, Major League grossed nearly US$50 million in domestic release.[1] The film deals with the exploits of a fictionalized version of the Cleveland Indians baseball team and spawned two sequels (Major League II and Major League: Back to the Minors, which were released by Warner Bros.), neither of which replicated the success of the original film. Contents [hide] 1 Plot 2 Alternate ending 3 Casting 4 Background 5 Roster 6 References 7 External links [edit] PlotRachel Phelps, a former Las Vegas showgirl, has inherited the Cleveland Indians baseball team from her deceased...
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...THE RAIN CAME Theme: The theme is about sacrifice someone for the better of others. In this story, the chief is a perfect example of what a leader must go through in order to save his people. Although he loves his only daughter, he is willing to sacrifice her for the rains to come and save his people from drought. His people come first, even before his precious family. This is a great quality that a leader must have in order to truly serve. Characters: Oganda: The main character of the story. She is the only daughter of Labong’o out of 20 children with the fifth wife, Minya. She is fair skinned, thin, tall, beautiful and brave. She has been raised to believe in god/ancestors. Labong’o He is the chief of the village and the loving father of Oganda. He belives in god/ancestors and is worried about pester. Osinda He belongs to another neighboring village and he was the one who gave Oganda the chain on her waist. He’s brave and willing to sacrifice for love. Minya One of the minor characters. The mother of Oganda. She loves her daughter. Ndithi One of the minor characters. The medicine man. Ndithi is a superstitious medicine man for the Labong’o tribe. He is a man that is said to have the ability to communicate with their god/ancestor. http://www.antiessays.com/free-essays/The-Rain-Came-By-Grace-Ogot-348677.html http://www.antiessays.com/free-essays/The-Rain-Came-Notes-447018.html http://www.education.com/study-help/article/theme/ http://www...
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...revenues for the city governments and even creating a good image for the community around it. Sports complexes bring about some negative and undesirable effects. They may bring about political strife, loss of land, socio-cultural diversities in a community and even misuse of public funds (Messina, 2009). The Milwaukee’s Miller Park is one of the largest ballparks constructed in the history of Wisconsin. It suffers a similar fate just as other parks of misused funds and bringing development to its environs. In the following essay, we shall look upon political factors that surrounded the park. Social factors will also be looked at. Discussion The Wisconsin Miller Park hosted its first game on 30TH March, 2001, and it is home to the Milwaukee Brewers baseball team, owned by Bud Selig. This park cost the public $290 million which was obtained from 0.1% of sales tax implemented from January, 1996. This was viewed as an over budget and also a misuse of public funds on a private entity. This funding was authorized by a local government committee, comprising of thirteen members who were its Board of Governors. The thirteen represented five countries upon which this sales tax was implemented. These were Washington, Milwaukee, Racine, Waukesha and Ozaukee (Messina, 2009). George Petak was the sitting senator when this sales tax bill was tabled, but when he casts a supporting vote on the bill, he lost his seat nine months later. This was because this bill did not favor the...
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