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You are the manager of a shipping company, Swift Shipping (SS). You have a longtime customer, Vicki Vegetable (VV) who ships produce. Because of your relationship, you often bend SS's rules for this customer; it would be a shame to lose her business.
VV calls you one day and asks for expedited shipment for a special package. VV wants you to move her shipment from LA to New York as quickly as you can. You ignore SS protocol for written signatures and invoices, and just order a driver to get the shipment moving.
The police pull over your driver for speeding in New Jersey. The police search the truck, and find marijuana hidden in with the veggies.
Additionally, because the shipment was not completed, VV refuses to pay for the order.
Discuss the issues raised that both help and hurt your chances to recover payment from VV.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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