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Case study on liquidator of Tech Gadgets Ltd

Your boss, Gregg Cash, is a registered liquidator and on 30 August 2017 was appointed by the Supreme Court of Queensland as liquidator of Tech Gadgets Ltd (TGL).

A search of ASIC records reveals that the directors of Tech Gadgets Ltd are Susan Main, Paul Smith and Ben Jones. They have all been directors since the company was incorporated in 2010.

Tech Gadgets Ltd has an issued share capital of 2,000 shares. Susan, Paul and Ben each own 200 shares in TGL, with the remaining 1,400 shares being owned by Tech Stars Ltd. TGL has not adopted a Constitution.

The directors of TGL had board meetings on the last Friday of each month when they met at their business premises at Woolloongabba. Susan was the chairperson.

From 1 April 2017 to 30 June 2017 Paul planned to be on holidays in Japan. Before he went he appointed Victoria Peters to act in his position. Victoria accepted this appointment. When TGL held its June 2017 meeting Victoria was at her daughter’s school swimming carnival so she phoned in and was on speakerphone. The day before the meeting Victoria had an afternoon coffee with Michael Bronte,a director of Tech Stars Ltd.During his chat with Victoria, Michael mentioned a number of times that the Tech Stars Ltd board knew that Victoria was keen to progress her career in TGL and that she would like a permanent director position. He said that Paul was up for re-election as a director of TGL and that the Tech Stars Ltd board would support appointing Victoria instead of Paul if Victoria proposed to the board of TGL that they use Miracle Batteries Pty Ltd as the sole supplier of batteries for all their devices. Miracle Batteries Pty Ltd is a wholly owned subsidiary of Tech Stars Ltd.

Victoria followed Michael’s request and put forward a proposal to use Miracle Batteries Pty Ltd as the sole supplier of batteries. Victoria argued very strongly saying that reviews of Miracle Batteries Pty Ltd’s product showed it to be a market leader. Victoria had not actually read any reviews of the company and had no knowledge about battery types. Susan and Ben told Victoria they did not know anything about batteries and if she had researched the company and was confident in their products then they would support the decision. After about 4 minutes, all directors voted in favour of using Miracle Batteries Pty Ltd as the sole supplier of batteries to TGL and the resolution passed. Victoria was very pleased with her skills in negotiating an outcome that she hoped would secure her a position as a director of TGL.

In July 2017 TGL’s business started going downhill. A competitor had recently released a new product, the super-pad, which resulted in significantly reduced sales of the company’s bestselling product, the quick-pad. In a bid to keep their cash-flow the company decided not to pay its June BAS* (which was $46,000) to the Tax Office and delayed paying the invoice from Miracle Batteries Pty Ltd for $58,000. The directors thought the Tax Office wouldn’t chase them as vigorously as other creditors, and as Miracle Batteries Pty Ltd a related entity it would give them some flexibility. Susan was also aware that the account payable area were post-dating cheques, but she didn’t mention this to the other directors.

On 15 August 2017 the directors were approached by Edward Burke, a young entrepreneur. Edward had designed a new tech product, the i-shoe. The directors loved the product and thought that if they could manufacture it they would definitely have a product superior to their competitors and TGL would be successful again. They immediately called a board meeting and resolved to pay Edward $500,000 for his invention. They agreed to pay him within 7 days as they wanted to start manufacturing as soon as possible.

On 16 August 2017 TGL approached the bank for finance to pay the amount owing to Edward ($500,000) and for money to manufacture the i-shoe ($3 million). Every bank they approached declined to give finance. The directors informed Edward they would not be able to pay him the $500,000 as agreed. On 23 August Edward brought a winding up application against the company in the Supreme Court of Queensland and the Court ordered the company be wound up on the basis that it was insolvent.

* A BAS (Business Activity Statement) is a document lodged with the Australia Taxation Office (ATO) which reports information which a company owes to the ATO and money which the ATO owes the company.

Question 1

Which persons and/or entities are a director of Tech Gadgets Ltd for the purposes of the directors’ duties in sections 181-183 of the Corporations Act 2001 (Cth)?

NOTE: In answering this question you are not required to determine if there is a breach of duty, whether any party has a defence available or the potential consequences of breach.

Question 2

Assume that Victoria is a director of Tech Gadgets Ltd. Advise Victoria if she has breached any director duties.

NOTE: In answering this question you are not required to address any defences or potential consequences of a breach of directors’ duties.

NOTE: There may be more than one directors’ duty that applies here.

Question 3

Assume Susan and Ben appear to have breached their duty to take reasonable care. Advise whether they would successfully raise reliance (s 189) or any defences in the Corporations Act.

Question 4

Advise whether Ben has breached his duty to prevent insolvent trading.

Question 5

Advise Edward whether he can personally bring proceeding against each of the directors for compensation for breach of s 588G?

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International Human Resource Management

International Human Resource Management

Please respond to the following:

Discussion

From the e-Activity, since June last year your company has been facing challenges in hiring plant workers at its electronic manufacturing plant in Guangzhou, China due to competitors’ increase in new manufacturing plants in the area. You have been assigned to head the HR department for the plant. Develop an HR plan outline to help address the issue. Provide rationale for your reasoning.

Examine the major benefits that companies experience from leveraging female expatriates. Review the key success factors and techniques used in the expatriate selection process in Exhibit 11.3 (Chapter 11). Recommend one (1) situation where it would be best for a company to leverage a female expatriate. Justify your response.

 

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Keys to Success in Multinational Companies

Keys to Success in Multinational Companies

Due Week 9 and worth 220 points

It is widely known that Knowledge Management Systems are the key to success in multinational companies. Imagine that you are a Vice President of a company that is ramping up to go global.
Please choose one (1) of the following industries for the purposes of this assignment:

Jewelry
Fashion / Apparel
Chemicals
Consumer electronics, electronic components
Medical supplies or equipment
Bins, totes, crates, material handling
Food products
Drug products
Children’s products, clothing, toys, etc.

Note: You may create and / or assume all necessary assumptions needed for the completion of this assignment.

You have been tasked with designing a comprehensive best practices policy list geared towards managing existing knowledge and any new knowledge as it becomes viable. The best practices policy should include a compiled task list that will help your company to handle not only the regular issues of conducting business within a foreign country, but also the unexpected events (e.g., earthquakes, demonstrations, bomb threats, etc.), no matter the country or countries into which you will be expanding. The policy list should also take any unique challenges that your company may face into consideration.

Write a six to eight (6-8) page paper in which you:

Design a comprehensive best practices policy list that includes policies on the following:
Sanitation (e.g., hand washing, toilet facilities, etc.)
Eating and / or drinking (e.g., at desks, on the company grounds, inside in the manufacturing area at designated tables / areas, etc.)
Conflict resolution (e.g., settling disputes, mediation and / or arbitration with designated mediator on staff, etc.)
In-house teams (e.g., minimum meeting times, scribes, appointed leaders, etc.)
Online team (e.g., 24-hour coverage on phone due to time differences, etc.)
Security (e.g., leaving doors open, locks, key return policy for departing workers, etc.)
Emergency evacuation procedures
Determine the key benefits of creating such policies. Provide a rationale for your response.
Speculate on the major ramifications if such policies are not created. Provide a rationale for your response.
Predict the significant ways in which the best practices policy that you created will contribute towards the long-term sustainability of the company. Provide a rationale for your response.
Determine whether or not your best practices policy would provide a competitive advantage over other international companies. Provide one (1) example of a company using a best practices policy to support your response.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other similar websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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Economics for the global manager

Economics for the global manager

Question Details

Select a U.S. multinational company, and respond to the following questions:

In terms of currency denomination, describe how the firm prices its revenues and costs.
For multinational enterprises (MNEs) with multiple foreign operations, consider any 2 of those operations and the contribution they are making to the parent firm’s profits.
What means do they use to hedge against exchange rate risk?
Using this information, what do you think would be the effect of increases or decreases in the dollar’s exchange value on the firm’s profitability?
Be sure to show all applicable work.

Present your findings as a Word document of 7–10 pages formatted in APA style. Include 5–7 academic, peer-reviewed references that are relevant to and support the deliverable.

Submitting your assignment in APA format means, at a minimum, you will need the following:

Title page: Remember the running head AND THE TITLE IN ALL CAPITALS.
Abstract: This is a summary of your paper—not an introduction. Begin writing in third-person voice.
Body: The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 3–4 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lowercase usage as appropriate for the type of resource used. Remember, the Reference page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

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The role of ethics and social responsibility in developing a strategic plan

The role of ethics and social responsibility in developing a strategic plan

The purpose of this assignment is to help students understand the influence that ethics and social responsibilities have on the strategic planning process.

Assignment Steps

Write a 700-word report in which you address the following:

Define and explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas.
Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and identify what types of preventative measures could be taken to avoid this type of situation.

Cite 3 scholarly references, including at least one peer-reviewed reference from the University Library. 

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Email Using Social Media Scenario

Email Using Social Media Scenario

Due Week 9 and worth 150 points

Your best friend has asked your help in securing a job where you work. You want to help your friend, but you know her social media sites have photos and other material that violate your company’s social media policy. You also know that the human resources department of your company always does a thorough search of social media sites of prospective hires. You need to write an email to your friend that explains which content needs to be deleted from her social media accounts and why. You need to discuss how refusal to delete the inappropriate photos and material might impact her ability to get the job. Your memo should clearly and specifically state the relevant rules from your company’s social media policy.

Create a one to two (1-2) paragraph memo in which you:

Review your friend’s inappropriate social media content here.
Review your company’s social media policy here.
Create a one to two (1-2) paragraph email.
Target the appropriate professional audience.
Use appropriate language for professional audience.
Use correct email formatting.
Follow appropriate etiquette rules for electronic communication.
Meet the 250-to-500-word minimum requirement.
Use correct sentence mechanics, grammar, spelling, punctuation, and style.

Your assignment must follow these APA and other formatting requirements:

Be typed, single-spaced, using Times New Roman font (size 12), with 1-inch margins on all sides. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required length.
Include a “To” “From” and “Subject Line” to represent an email format.

The specific course learning outcomes associated with this assignment are:

Demonstrate understanding of the basic fundamentals of communication.
Develop and practice communication skills, including skills in verbal, nonverbal, listening, writing, interpersonal, perception, and critical thinking as appropriate for the audience.
Relate to the interpersonal and organizational dynamics that affect communication in organizations.
Analyze and assess effective communication.
Use correct sentence mechanics, grammar, spelling, punctuation, and style.
Use technology and information resources to research issues in communications.
Write clearly and concisely about communications using proper writing mechanics.

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Case study on Conceptual Connection

Case study on Conceptual Connection

Cost Analysis, Income Statement Five to six times a year, Kicker puts on tent sales in various cities throughout Oklahoma and the surrounding states. The tent sales are designed to show Kicker customers new products, engender enthusiasm about those products, and sell soon to be out-of-date products at greatly reduced prices. Each tent sale lasts one day and requires parking lot space to set up the Kicker semitrailer; a couple of show cars; a disc jockey playing music; and a tent to sell Kicker merchandise, distribute brochures, and so on. Last year, the Austin tent sale was held in a far corner of the parking lot outside the city exhibition hall where the automotive show was in progress. Because most customers were interested more in the new model cars than in the refurbishment of their current cars, foot traffic was low. In addition, customers did not want to carry speakers and amplifiers all the way back to where they had originally parked. Total direct costs for this tent sale were $14,300. Direct costs included gasoline and fuel for three pickup trucks and the semitrailer; wages and per diem for the five Kicker personnel who traveled to the show; rent on the parking lot space; and depreciation on the semitrailer, pickups, tent, tables (in tent), sound equipment; and the like. Revenue was $20,000. Cost of goods sold for the speakers was $7,000.

Required:

1. Conceptual Connection: How do you suppose Kicker accounts for the costs of the tent sales? What income statement items are affected by the tent sales?

2. Conceptual Connection: What was the profit (loss) from the Austin tent sale? What do you think Kicker might do to make it more profitable in the future?

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The basic concepts used in the discipline of sociology

The basic concepts used in the discipline of sociology

Obesity in America is considered an epidemic. There are many contributing factors to obesity (both childhood and adult), such as biological, environmental, social, or economic factors. Review the information on obesity on pages 419 to 421 in the textbook. You may also use the Internet or Strayer Library to research obesity and its causes.

Suggested Reading:

Write a one to two page (1-2) page essay in which you:

Describe the effect that obesity (childhood and / or adult) has had on you personally or your community.
Select one (1) contributing factor to childhood or adult obesity. Recommend two (2) preventative measures related to the selected factor that people can take in order to reduce their chance of becoming obese.
Discuss one (1) sociological theory that relates to the selected contributing factor to obesity.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Check with your professor for any additional instructions.
To keep this essay short and manageable, your only sources for the essay should be the article from the National Heart, Lung, and Blood Institute and the sections noted in your text. For this reason, APA citations or references are not required for this assignment.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Define the basic concepts used in the discipline of sociology.
Explain the major theoretical paradigms of sociology.
Use technology and information resources to research issues in sociology.
Write clearly and concisely about sociology using proper writing mechanics.

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Organizational strategy

Organizational strategy

In your own words, define organizational strategy. Explain the relationship between a business’s organizational strategy and its projects. Based on your budding understanding of project management, predict which elements of project management are most influenced by the business’s organizational strategy? Provide specific examples.

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A Tool for Implementing Public Policy

A Tool for Implementing Public Policy

This week, we covered several topics pertaining to the implementation phase of the policymaking process. The budget as an implementation tool and how budget allocations reflect policy decisions were examined. Then, we discussed the critical role of monitoring and evaluation in ensuring that the public interest was being served. Finally, democratic approaches to public administration were reviewed within the context of how advances in technology, specifically in e-government, can be useful in that effort.

Review the concept of e-government and how the use of technology has transformed many public sector processes. Explain how each of the policy goals (equity, efficiency, liberty, and security) has been influenced by the implementation of e-government practices. Address how budget allocations towards e-government and technology services reflect policy and influence attainment of targeted outcomes. Support your answers with examples not previously offered in the lecture notes, i.e., from personal experience or research sources

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