Financial newspapers-midget widget was in financial trouble

Assignment Help Operation Management
Reference no: EM131030256

Bill and Hillary are friends. Bill has recently retired and now has $450,000 in super. He asks Hillary, an accountant, if he should invest $200,000 of his super funds in Midget Widgets Ltd. Hillary tells Bill that she has looked at the accounts of that company and it is a good investment. Hilary does NOT charge Bill for her services, as they are friends. Unfortunately, Hillary has misread the accounts of the company, which is almost insolvent. Bill invests his money and Midget Widget immediately goes into liquidation and Bill loses all $200,000. Bill discovers that many accountants/financial planners were aware of the poor financial position of the company and warnings had been published in several accounting journals and financial newspapers that Midget Widget was in financial trouble. Discuss whether Bill has any legal rights against Hilary. In your answer consider if the legal position would be different if Hilary had charged Bill for her services.

Reference no: EM131030256

Questions Cloud

Performance improvement models : Performance Improvement Models Each student is to demonstrate how an individual or team can use the PI model to successfully plan, implement, and evaluate improvement initiatives. The student is to use the PI model to carry out a PI activity affectin..
Each project process group in the resnet case studym : what are the main outputs produced during each project process group in the ResNet Case studym, real case study about NorthwestAirlines? Your opinion of whether Peeter Kivestu was an effective project manager, stating the main factors that you have u..
Write a reflection paper about the given article : Write a Reflection Paper about the article "From Ferguson to Baltimore: The Fruits of GovernmentSponsored Segregation".
Total transportation and in-transit and safety holding cost : An appliance manufactuer has a plant near Toronto that receives small electric motors from a manufacturer located in Winnipeg. The demand for the motors is 120,000 units per year. The cost of each motor is $120. If the holding cost rate is 25 percent..
Financial newspapers-midget widget was in financial trouble : Bill and Hillary are friends. Bill has recently retired and now has $450,000 in super. He asks Hillary, an accountant, if he should invest $200,000 of his super funds in Midget Widgets Ltd. Hillary tells Bill that she has looked at the accounts of th..
How films engage social concerns and have lasting effects : Based on the films you have watched and the ways you have learned to interpret meaning in them, discuss your ideas about how films engage social concerns and have lasting effects on society.
Discuss whether bill has any legal rights against hilary : Bill and Hillary are friends. Bill has recently retired and now has $450,000 in super. He asks Hillary, an accountant, if he should invest $200,000 of his super funds in Midget Widgets Ltd. Hillary tells Bill that she has looked at the accounts of th..
Discuss the security threats this type of technology creates : Given the shift toward mobile commerce, do a sear on "mobile commerce crime." Identify and discuss the security threats this type of technology creates. Present your vision of the new opportunities for cybercrime that mobile commerce may provide.
Calculate the current eps and p/e ratio : Flyrite Company currently has net income of $9 million and 3 million common shares outstanding, which sell for $33/share. Flyrite has decided to issue new stock to raise $4,000,000 to expand its operations. Flyrite's investment banker will sell the s..

Reviews

Write a Review

Operation Management Questions & Answers

  Discuss the challenges facing compensation professionals

Discuss the challenges facing Compensation Professionals. Include future challenges relating to Economical concerns, Demographics, Productivity, Court and rulings on marriage.

  Approximately half of new technology ventures rely

Approximately half of new technology ventures rely on one customer for at least 50% of first-year sales. Identify at least three issues resulting in overdependence on one customer. Which issue is the most important and what can be done to mitigate th..

  Discuss the various types of intellectual stumbling blocks

Discuss the various types of intellectual or cognitive stumbling blocks that one can face when trying to make a responsible ethical decision.

  An inventory model that can handle dependent demand

An inventory model that can handle dependent demand is called a(n)

  Expected monatary value associated with project effort

Martha has invested $50,000 to carry out work on a contracted project. If she delivers a product on or before a scheduled delivery date, she will be paid $130,000 for her work. If she misses the delivery date, her work will be rejected and she will b..

  Express warranty and implied warranty

Discuss the difference between an express warranty and an implied warranty. Include in your discussion examples of how each is created, restrictions that may apply, and whether and/or how each can be disclaimed.

  Determine an order size which will minimize the sum of order

determine an order size which will minimize the sum of ordering also carrying costs for every of the six-month periods.

  Enable the analysts to identify several feasible alternative

The purpose of requirements structuring is to: a. enable the analyst to gather information on what the system should do from as many sources as possible.

  Describe how does the corporation use its competencies

Describe Shutter fly's business-level strategy. Who is the targeted customer. Which customer needs does the Corporation satisfy. Describe how does the Corporation use its competencies to satisfy these needs.

  Match for organizational structure and control

A MATCH FOR ORGANIZATIONAL STRUCTURE AND CONTROL--GM BANKRUPTCY emerging fuel-efficient cars has resulted in a move from a GM corporation to a smaller GM company. Selling-off and phasing-out brands along with changing logos are steps toward a new GM.

  Discuss what are you going to look for in medicare and why

Some physician practices will bill at rates from 100% of Medicare to 500% of Medicare. Which one do you think is correct and why? Discuss what are you going to look for and why

  Discuss the ethics of continuing to do business with firm

Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in another country. Discuss the ethics of continuing to do business with this..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd