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balandron [24]
1 year ago
8

James was transferred by his company to go work in Hong Kong for six months. His headquarters in Dallas, Texas, assured him that

he would be back home in six months, after he had completed setting up the new office in Hong Kong, and trained his replacement. Though initially reluctant, he spoke to his wife and they together decided that this was a great career opportunity, and would also serve as a second honeymoon, since they had been married for just six months.
Roughly five months into his stay in Hong Kong, James received a request from his boss at the head office, urging him to extend his stay by another six months, since the company had decided to expand their operations in Hong Kong, and they felt that he was most suited for the task. James agreed readily, since he and his wife had begun to make friends there, and did not want to get uprooted too soon. Over the next six months, James worked very diligently, especially since he wanted to make sure he left the operations in very good shape for his replacement. Much to his surprise, at the end of the year, he received another request from HQ to extend his stay by another year. By the end of two years, James was starting to get a little homesick, and irritated at the repeated requests for him to extend his stay. He was really ready to head back, but he had done such a good job in HK, that the Divisional Vice-President flew down to Hong Kong and convinced him to move to Mumbai, India, for another two years. James and Anne had started to enjoy living in Asia, so they agreed somewhat reluctantly, since the move to India also came with a hefty pay increase and numerous benefits.
Fifteen years, five Asian countries, and three kids later, James and Anne decided it was time to head back home – primarily because they wanted their children to experience living in their ‘home’ country. He wrote back to head office requesting a transfer back to Dallas, but all his requests were met with silence, or the cursory ‘we will get back to you.’ On further inquiry, he discovered that all the people involved in his transfer decision had transferred themselves or had left the company. The new people were not sure how to handle James’ request, and so they simply ignored his request, or tried to buy time. As a result, his performance started to suffer, and he began to wonder if he should simply quit and join a competitor in Mumbai or go back home and force the top management team to address his situation.
Case Study Questions
1. In your opinion, how common is James’ situation? How should the company have handled the initial promise to bring him back home after a specified period of time?
2. If James does leave the company and join a competitor, who should be held responsible for the loss of ‘intellectual capital?’
3. If you were James, how would you handle this situation?
Business
1 answer:
kogti [31]1 year ago
6 0

In this case, I would consider the situation that James faces here to be a very common situation between bosses and their employees.

<h3>How the company should have handled the situation</h3>

1. The issue that James faces with the company is a common situation that workers face in the hands of their bosses. They are transferred from place to place and in a bid to keep their jobs, they go without complaints. The company should have been able to keep to its initial agreement with him. But we can see that not properly addressing his concerns would make them lose him. The company should have made open their demands to him in the first place.

2. In this case, the company has to be held responsible if James decides to leave. This is because they have not tried to keep to their word and they have not tried in any way to do things that would pacify James either. His requests are not taken seriously.

3. Due to the fact that I take integrity and words seriously, I would leave the company to a competitor because I would find it difficult to continue working in an environment were I have to give my all and still be unheard.

Read more on management teams here:

brainly.com/question/14069240

#SPJ1

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Riggs Company purchases sails and produces sailboats. It currently produces 1,300 sailboats per year, operating at normal capaci
mr_godi [17]

Answer:

The president of Riggs has missed something.

She should make the Sail instead of buying because its cheaper to manufacture than purchasing it outside.

Explanation:

<u>Cost of Manufacturing the Sails:</u>

Direct materials        $93

Direct Labor              $83

Total                         $173

The president of Riggs has included the $90 overhead  based on $78,000 of annual fixed overhead that is allocated using normal capacity in the cost of manufacturing the sail which is incorrect.

Riggs Company is operating at 80 % of full capacity, hence utelizing the 20% excess capacity would not expand its fixed costs.

Thus said the current fixed cost are irrelevent for this decison and would be incurred whether or not Riggs Company utilizes the excess capacity

<u>Conclusion:</u>

The cost of making the sail is $173 which is lower than the cost of buying them at $ 258.

I would advise The president of Riggs to make the sail by utilizing the excess capacity since its cheaper than purchasing it outside.

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Answer:

C

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Reduction of cost basis per share.

When you take a look at some of the rules that IRS has, you see that stock dividends do not get taxsd at the time of receipt. They don't get taxed because, the shareholder does not receive anything from the company, only but a hope on any increased future share price increment or appreciation.

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Makovka662 [10]

There are different kinds of theory. The principles that Adam Smith believe essential to the survival of an economy is the freedom to land and hold on to business profits.

<h3>What kinds of freedom did Adam Smith believe were vital to the survival of any economy? </h3>

Adam Smith was known to believe that the making of more resources available to all can make us to be more wealthier.

He believed freedom was important, such as the freedom to own land or property and hold on to the profits. He believed that people will participate in working very well, if they are given reward.

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Answer:

The retained earning would be debited by ($60,000)

Explanation:

According to the given data we have the following:

Number of shares outstanding=60,000

par value of $5 per share

stock dividend declared=cc

Therefore,  to calculate the amount either (debited) or credited to retained earnings we would have to make the followin calculation:

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The answer is before.

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