Premium Essay

Pollutor Corp

In: Business and Management

Submitted By livedream21
Words 872
Pages 4
Polluter Corp is a leading household cleaning products manufacturing company based in the United States. The Company operates three manufacturing facilities as an SEC registrant. Company emission allowances of vintage years are granted by U.S government to be used 2010 and 2030. According to the Federal Energy Regulatory Commission, Polluter Corp. recorded EAs as intangible assets with a zero cost basis when government issued EAs to company and has a fiscal year end of December 31.
Government has special guidance to control or reduce the emission of pollutants and greenhouse gases to participating companies. These are explained as follow; companies have a specified level of pollutants to emit EAs. EAs with same vintage year designation are exchangeable or replaceable by any companies to reduce pollution. That means company can buy EAs from other companies when it needs EAs or sell excess its EAS to other companies who need to satisfy pollution control obligation through a broker. According to EAs regulation, company is required to deliver to the governing bodies EAs sufficient to offset the company’s actual emission or pay a fine for overage of EAs.
Currently, Polluter has facing a significant increase in emission due to its old manufacturing facilities and forecasted a need for EAs in fiscal year 2010-2014. In order to reduce green house gas emission to a significant low level, company plans to upgrade its facilities in 2014 and it will cost $15 millions. Under the direction of the board, the company has business plan in investing activities for 2014 to embark on the company’s future success. As a result of completion of upgrade, company will have excess EAs in fiscal years subsequent to 2014.
Based on the facts of Polluter Corp. transaction, the company purchased $3 million worth of EAs with a vintage year of 2012. Company used cash to purchase…...

Similar Documents

Premium Essay

New Corp

...New Corp Legal Scenarios Law/531 New Corp Legal Scenarios Pat moved 300 miles to Vermont to relocate for employment. He moved his family and bought a new house. Pat signed an at will employment form acknowledging the company can terminate his employment at any time. Pat received a copy of a company employee manual that is distributed out to all new employees. In the manual it states that an employee who is not performing up to standards will be notified of the deficiencies to take corrective action. If the action is not corrected the next step taken is termination of employment. Without any notice or warning the company informed Pat that things were not working out, and they were letting him go, and giving him a 30- day severance pay. Pat felt that he was wrongfully terminated because of an unpopular view he had at a school board meeting. After the school board meeting, he noticed that senior management was unfriendly toward him and Pat believed this may be the reason he was let go. Although Pat signed an at will statement acknowledging he can be terminated at any time , the personnel manual also states that an employee will be noticed of any deficiency before termination. Pat can argue that the company wrongfully terminated him by breach of contract. In Title VII of the Civil Rights Act of 1964 employers are expressly prohibited from retaliating against an employee for filing a charge of......

Words: 801 - Pages: 4

Premium Essay

Poll Corp

...A clear and concise paragraph informing the reader of the conclusion reached. Assignment #4: Financial accounting research memo Use the FASB Codification to research the issues in the “Polluter Corp.” case. Only complete requirements #1 and #2. You will NOT be conducting IFRS research (requirement #3) for this assignment. This is an individual assignment. Prepare a research memorandum following the format and example discussed in class. Please note a general format for research memos is also posted in the Lectures folder in Blackboard. Remember to upload a copy of your completed assignment through Blackboard and bring a hard copy to class as well. If you have any questions while completing the assignment, please call, email, or visit Dr. Ford. Copyright 2010 Deloitte Development LLC All Rights Reserved. (FY11) A few comments about the research assignment due on Monday: * Vintage year means the first year the allowance may be used * I suggest skimming chapter 23 of your Intermediate textbook, paying careful attention to the definitions of operating, investing, and financing activities * You will not find specific guidance on EAs in the Codification. Instead, focus on what defines each of the three classifications. Case 2 Polluter Corp. Polluter Corp. (the “Company”), an SEC registrant, operates three manufacturing facilities in the United States. The Company manufactures various household cleaning products at each facility, which are sold to......

Words: 1455 - Pages: 6

Premium Essay

The Peace Corps

...the best times in your lives I have put thought into joining the peace corps and have researched it on many different occasions -The Peace corps not only helps others but also will help yourselves -In my speech I will talk about the benefits of joining, What the Peace Corps is, and how it has helped america First I wanna talk about The benefits of joining the Peace Corps ____ Some different types of benefits that volunteers can get are things such as _+*(_)(*_* You can earn help for school 1. University credit toward a master’s degree, as well as scholarships and assistantships at many U.S. universities. 2. Many programs consist of ways to prepare for college life after you get out of the corps, by giving you supplies and classes held on how to be a good student. Hhi;j;poiWorking with Supervisors and Counterparts.. Washington, D.C: Peace Corps, Office of Overseas Programming and Training Support, Information Collection and Exchange, 2002. Print. B. Financial Benefits 1 Financial Benefits consist of volunteers get a monthly living allowance so they can live like co-workers in their host country community. 2. Volunteers also receive medical and dental care, transportation to and from the host country, and 24 vacation days per year. III. What the Peace Corps is Internal Transition: These are some things I want you to know about the Peace corps A. What it does 1. The Peace Corps is a volunteer organization headed by the U.S. Department of State......

Words: 626 - Pages: 3

Free Essay

News Corp

...Kingdom, Continental Europe, Australia, Asia and Latin America. News Corp has operations in eight industry segments which are filmed entertainment, television, cable network programming, direct broadcast satellite television, integrated marketing services, newspapers and information services, book publishing, and other assets (News Corporation 2009). News Corp’s competitive strategy in creating economic value lies in its ability to acquire new media assets through the steady revenue generated by its already well-established newspaper, television, and movie industries. Murdoch created News Corp in 1979 as a holding company for News Limited, which was Murdoch’s original business interest in Australia before becoming part of News Corp during the growth of his media empire. News Corp’s growth and success can be analyzed using the Balanced Scorecard’s four perspectives; financial, customer, internal processes, and learning and growth. Because News Corp is a publically traded company, its main goal is to increase the company’s profitability to provide shareholders with greater returns. According to News Corp’s 2009 annual report, revenues were down for the year. Murdoch addresses these losses in a letter at the beginning of the report reassuring shareholders that the recession is impacting all industries and that News Corp has taken steps to better their future financial performance (News Corporation 2009). News Corp uses various financial measures to signal to shareholders......

Words: 1848 - Pages: 8

Premium Essay

Target Corp

...Circo, Mossimo, Xhilaration and many more. These rare resources set Target apart from Walmart and Cosco. (Target Corp., 2013) Having this many exclusive brands makes it possible for target shoppers to buy equivalent versions of name brands for cheaper. Not only do customers enjoy cheaper products but the environment they can buy these products in. Target provides a more pleasant shopping atmosphere than Walmart or Cosco. Many consumers prefer to shop where they can find wider aisles, less crowds, neater organization and still get great prices. Another way Target uses their resources to achieve sustainable competitive advantage is their culture. Instead of referring employees as employees, Target refers to their employees as team members. This allows for a friendly, fun and collaborative atmosphere. (Target, 2014) Referring people as team members is a huge advantage when it comes to strategic planning and using the S.M.A.R.T system. Team members feel more as part as a group and build trusting relationships among the company. Target has many valuable resources but one resource I personally think is a huge competitive advantage is that Target gives back to local programs in the area the Target store is located in. Target has been awarded by many organizations including United Way Silicon Valley, Fortune Magazine, Human Rights Campaign, and many more. (Target Corp., 2014) This helps target recruit consumers who have the same giving character, which furthers their culture.......

Words: 514 - Pages: 3

Premium Essay

Intel Corp.

...| Bizwise consultancy | |Case: Intel Corp. | |Objective: This case covers a wide range of financial policy issues: the competitive dynamics of innovation; the appropriate capital | |structure for a firm in a highly innovative business; the fundamentals of cash disbursement policy; common stock repurchases; and | |consideration of more complex hybrid securities. Intel needs to change its financial policies as they grow/mature into a cash cow from a | |startup. The case revolves around an understanding of the Microprocessor Industry. From a market structure perspective the case deals with the| |advantages and disadvantages of being a first-mover vs. being a second-mover. The competitive role of financial flexibility must be addressed.| |Finally, what are the major issues associated with holding cash (costs and benefits)? Again several financial management issues must be | |addressed. There are tax issues, agency issues, signaling issues, timing issues, just to start. The dynamics of cash disbursement policies, | |particularly dividends and stock repurchases must be treated holistically. | Executive......

Words: 2483 - Pages: 10

Free Essay

Peace Corps

...Peace Corps presentation Draft Nancy Shin-Lan chang 4C Listing&Speaking 1.A Story of someone be helped by Peace Corps Image that you are a Young Asia Dancer who goes to American to share your traditional culture at the Smithsonian Folklife Festival as your first time in United States. Think about what a wonderful experience this could be, you could have….. To train skilled foreign volunteers and send them to foreign countries which need help in all parts of industries is what Peace Corps do. The Peace Corps' mission has three simple goals: * Helping the people of interested countries in meeting their need for trained men and women. * Helping promote a better understanding of Americans on the part of the peoples served. * Helping promote a better understanding of other peoples on the part of Americans. Peace Corps also send Americans university graduates to other countries for volunteering and spread freedom and peace spirits to other countries. Furthermore, through the volunteering, let other countries get to know America better. 2. History of Peace Corps Peace Corps was built by the prior US president John F. Kennedy in 1960 when Kennedy challenged the students at University of Michigan to serve their country in the cause of peace by living and working in developing countries. With the inspiration, the federal government agency devoted to world peace and friendship by Peace Corps. Since 1961 to now, there are over 200,000 Americans have served in......

Words: 796 - Pages: 4

Premium Essay

S Corp vs C Corp

...S Corporation vs. C Corporation: AComparison Category: Incorporating Your Business When starting a business or changing your business structure, one of the most common options small business owners evaluate is whether to form an S corporation (S corp) or C corporation (C corp). These are the two most common ways to incorporate online, and the choice really depends on your business goals.    S corporation vs. C corporation: The similarities The C corporation is the standard corporation, while the S corporation has elected a special tax status with the IRS. It gets its name because it is defined in Subchapter S of the Internal Revenue Code. To elect S corporation status when forming a corporation, Form 2553 must be filed with the IRS and all S corporation guidelines met. But C corporations and S corporations share many qualities: * Limited liability protection. Both offer limited liability protection, so shareholders (owners) are typically not personally responsible for business debts and liabilities. * Separate entities. Both the S corp and C corp are separate legal entities created by a state filing.  * Filing documents. Formation documents must be filed with the state. These documents, typically called the Articles of Incorporation or Certificate of Incorporation, are the same for both C and S corporations. * Structure. Both have shareholders, directors and officers. Shareholders are the owners of the company and elect the board of directors, who in......

Words: 1320 - Pages: 6

Premium Essay

Microsoft Corp.

...revenues were $283 billion, which represents a 7% growth from the previous year. According to Standard & Poor, the software industry will continue to see a “steady state” growth range for enterprise software, which is considered a mature market. The software industry’s growth is linked to the PC industry growth. PC sales are projected to grow by 43% between 2009 and 2012 to a total of more than $66 billion in Brazil, India, Russia and China. This will result in an expected growth of 44% in the packaged software sales in those countries. In the US, the packaged software sales are expected to grow 15%. In 2008, the largest player was Microsoft with revenues of $50,320 billion and a market share of 17.78%, followed by IBM and Oracle Corp. with market shares of 8.51% and respectively 7%. The packaged software industry serves 3 main market segments: a) System infrastructure software: System infrastructure software comprises operating systems, operating system enhancements and data center management. Worldwide market for this segment was approximately $80.5 billion in 2008, up 6.8% from $75.4 billion in 2007. IDC forecasts that this market segment will reach $106.2 billion in 2013. b) Application software: word processing, desktop publishing for example. IDC states that the worldwide market for this segment was 48.5% with revenue of $137.4 billion in 2008 (increase of 6.2% since previous year). This segment is expected to reach $169.5 billion in 2013. c)......

Words: 5184 - Pages: 21

Premium Essay

The Wowprime Corp

...Executive Summary Founded in November 1993 with headquarter in Taiwan, Wowprime Group is one of the most successful multi-brand restaurant group in Taiwan. There are 11 brands of restaurant owned by Wowprime corp to include a variety of cuisines. The 11 brands with different market positioning target at different marketing segments and grow continuously in the past few years. It is valuable to explore the drivers and successful factors behind its multi brand strategy. This case is a very good example for us to learn and investigate Wowprime corp’s multi brand strategy and examine the critical point in building different brand to different market segment. In the process of market expansion, despite using single brand to serves all the target customer, multi brand strategy is another method to reach more customer by different positioning of each brand. As compare with single brand strategy, although the marketing cost would be much higher for multi brand strategy, it enjoys the benefits of larger market potential and lower risk for the corporate. When applied multi brand strategy, it is very important for the marketer to prevent cannibalization. A clearly well define market positioning of each brand is no doubt the best way to prevent it, but the marketer should always keep an eyes to the market trends and the sales data like what had Steve Day did in this case. 1. Why do restaurant need a brand? What values can a restaurant brand deliver? The brand of a......

Words: 1178 - Pages: 5

Premium Essay

Starbucks Corp

... Memo of Starbucks Corp. Mission: Making Starbucks a high-level coffee bar using high quality beans and introduce an coffee culture experience. (Access-based positioning) Strategies are divided: A. Production: produce high quality, variety products coffee source: high quality and sustainability. 2.Craftsmanship: unique producing process including roasting and brewing,using exclusive machines and coffee brewers. 3. Variety of productions:quality coffee,a variety of hand-crafted beverages,Tazo teas,Ethos water,pastries and, in some markets,a selection of sandwiches and salads. Attributes of measurements: Certification of coffee beans, sales, customer flow Substitute attributes: Certification of coffee beans—the testing results of the soil in coffee plantation every year to guarantee the organic planting method B. Service: ‘Starbucks Experience’ Key words: humanity, standardization, good customer experience 1.Connect with, laugh with, and uplift the lives of customers Starbucks Entertainment: film, music, books, which be purchased at stores or online app store Stores are decorated full of humanity: making customers feel the sense of belonging and enjoyment Attributes of measurements: customer satisfaction Substitute attributes: customer satisfaction—customers’ average time of stay, regular customers(VIPs) C. Operation: diversified operation Key words: retail duplication, word of mouth marketing (WOM), digital marketing, social marketing, regular chain and market......

Words: 645 - Pages: 3

Premium Essay

Sia Corp

...encourage them that this new system will make each individual lives easier. Do informational campaign to the whole organization, set expectations and FAQs regarding this new system. - Seek for Management’s approval to inform employees that this new system will not be the approach to use for minimizing /lay off of employees but instead will help everyone make their jobs easier, at the same time, will improve employees knowledge within the organization. 3. What general obstacles would you foresee in a company such as SIA trying to make the transition from a hierarchical or bureaucratic to a more collaborative organization.? What are some general measures managers can take to smooth the way. - The challenge here or the obstacles by which SIA Corp. had was the lack of openness amongst the employees trying to rest or hold on to what the so-called “ comfort zone”. This means of doing their job the old-fashioned twentieth- century way without thinking what could be or what is the good things that the new system may offer. Second is the fear of loosing their job because of the implementation of the new technology and sharing one’s knowledge is not their best interest. To address the issue, I think the top management should have done a dialogue first between the management up to the lowest member of the organization. It is the right venue where all the questions at the back of their mind will be answered including the fear of loosing their job....

Words: 670 - Pages: 3

Free Essay

Corp Responsibility

...February 21, 2016 Law, Ethics, and Corp. Governance PharmaCARE (We CARE about YOUR health®) is one of the world’s most successful pharmaceutical companies, enjoying a reputation as a caring, ethical and well-run company that produces high-quality products that save millions of lives and enhance the quality of life for millions of others The company offers free and discounted drugs to low-income consumers, has a foundation that sponsors healthcare educational programs and scholarships, and its CEO serves on the PhRMA board. PharmaCARE recently launched a new initiative, We CARE about YOUR world®, pledging its commitment to the environment through recycling, packaging changes and other green initiatives, despite the fact that the company’s lobbying efforts and PAC have successfully defeated environmental laws and regulations, including extension of the Superfund tax, which was created by Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). Based in New Jersey, PharmaCARE maintains a large manufacturing facility in the African nation of Colberia, where the company has found several “healers” eager to freely share information about indigenous cures and an abundance of Colberians willing to work for $1.00 a day, harvesting plants by walking five (5) miles into and out of the jungle carrying baskets that, when full, weigh up to fifty (50) pounds. Due to the low standard of living in Colberia, much of the population lives in primitive huts with no......

Words: 1704 - Pages: 7

Premium Essay

Ethica Corp

...Ethica Corp. Portfolio Management Final Report April 5, 2016 Executive Summary Client: Ethica Corp. Investment Purpose: Invest $100,000 CAD in 5 stocks Time Horizon: January 29, 2016 - March 24, 2016 Geographic Restrictions: Must include 2 Canadian stocks, 1 American stock, 1 European stock, and 1 Asian or African stock. Investment Criteria: No sin stocks, no financials, no cross-listed stocks, strong CSR, no scandals, and debt levels of less than 40% of total assets. Our chosen securities were: * YAHOO! Inc. * Canadian Utilities Limited * Alimentation Couche-Tard * NEC Corporation * Jungheinrich A.G. After the selection process had been completed, we carefully monitored the behavior of each stock, as well as the exchange rates for the country they were operating in, anticipating future trades and rebalancing. We were able to do this by updating an Exchange Rate Matrix, as well as a Correlation Matrix, which had been constructed during the selection process and used as a decision making tool on scheduled transaction days. Portfolio Performance Ethica Corp.’s portfolio finished down -2.44% over its time horizon. Our unsatisfactory returns were largely due to poor performance in NEC, but were partially offset by a significant gain in YHOO. Jungheinrich rallied shortly before the end of our trading period, but provided a negative return as a result of an incorrectly timed sale of half its position. Canadian Utilities Limited and......

Words: 2038 - Pages: 9

Premium Essay

Biltrite Corp.

...person or a tax department within the company. • Given the changes in the company, there should be some periodic review of the organizational chart to assess whether changes are needed (having the same organizational structure for over 30 years may not be the most effective or efficient) • There is a focus on centralized decision making with the CEO, Trevor Lawton, having a dominant role on decision making issues. © 2010 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. BR-4 SOLUTIONS FOR THE BILTRITE CASES Figure BR.A: Biltrite Bicycles Organization Chart T. Lawton Pres. / CEO E. Fennig C. Gibson G. Groth VP Production Marketing Corp. Controller VP M. McAfee Treasurer L. Schroeder Dir. Of HR E. Ransbottom Plant G. Florence Manager Dir. J. Mesarvey Of Purchasing Dir. Chief Internal Audit Accountant Product Manager M. Rust Dir. CBIS Personnel Officers O. Pema Sales J. N. Karling Hollins Factory MIS Manager Cost Accounting Smith H. FinancialStaff Foreman Transaction State-ments Processing General Ledger Staff Auditors H. Cannon Manager IT Statistical Analysis Accounts Receivable Data Processing Accounts Payable Systems Payroll Analysis & Programming Data Entry Budget Coordination Report Genera-tion Control © 2010 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible......

Words: 23506 - Pages: 95