tag:blogger.com,1999:blog-226489672011-04-21T14:14:28.535-07:00cathynoreply@blogger.comBlogger411100tag:blogger.com,1999:blog-22648967.post-68595884778193069222008-02-27T01:33:00.000-08:002008-02-27T01:46:08.161-08:00

I cannot help but observe that most of the white-collar crimes committed by top executives are in manipulation of financial statements. Just read this news about the conviction of the executives of the largest insurance company.Excerpt of the news. Read the entire news here.HARTFORD, Connecticut - Five former insurance company executives were found guilty Monday of a scheme to manipulate the

cathynoreply@blogger.com6tag:blogger.com,1999:blog-22648967.post-91851031084233214782008-02-18T01:58:00.000-08:002008-02-27T02:08:25.724-08:00

At the height of the real estate boom, I know that somehow is going to burst. Many people I know who do not have the financial capability to pay a mortgage was able to buy a house. In less than a year, they were able to refinance. From the proceeds of the loan and debt restructuring, they paid some of their credit card bills. After the money dried up, they were faced with the problem where to get

cathynoreply@blogger.com1tag:blogger.com,1999:blog-22648967.post-23441077346762219082008-01-08T16:16:00.000-08:002008-01-08T16:25:57.809-08:00

Healthy trend led to decline in sales of snack foods which have lots of sugar or full of carbohydrates. Thus, the CEO of KRISPY KREME who failed to improve the sales performance of the food chain resigned after two years.This is what they failed to anticipate when people are already complaining about obesity among children.Here is the news from BBC. Krispy Kreme Doughnuts boss Daryl Brewster has

cathynoreply@blogger.com2tag:blogger.com,1999:blog-22648967.post-7848521551240044272007-12-07T03:50:00.000-08:002007-12-07T04:47:45.944-08:00

One of the whiz kids who made billions at a very young age is going to marry. So what can he ask for? He's marrying a PhD student and is going to wed in an island that is owned by the best man and is being rented out for 46,000 a night. Guests expected are about 600. How many of them are billionaires and millionaires. Take a guess.This is the excerpt of the news:Google co-founder Larry Page is

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-18669185086710040022007-12-06T04:37:00.000-08:002007-12-07T04:48:43.833-08:00

Despite the criticism on the plan Geroge Bush won the agreement to freeze mortgages. President Bush will announce this afternoon an agreement with major mortgage firms to freeze interest rates for five years for financially troubled homeowners -- a plan advocates say will help forestall a major foreclosure crisis but some conservatives say amounts to a bailout of people who made bad financial

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-47329021414101844012007-09-16T15:37:00.000-07:002007-09-17T15:48:58.705-07:00

The negotiation table between the management of General Motors and the United Auto Workers union is open as the previous contracts expired last Friday.The members of the union were informed that there may be a possibility of strike if the negotiations do not progress.Excerpt of the news:General Motors and the United Auto Workers union yesterday continued negotiations for a new labor contract that

cathynoreply@blogger.com1tag:blogger.com,1999:blog-22648967.post-77164556953557720982007-09-15T15:56:00.000-07:002007-09-17T16:11:18.168-07:00

Several elite families in the hilippines lost millions of dollars in the currency trading managed by one Singaporean-based company. The CEO just disappeared and the officials left behind are being sued by the people who claimed they were victimized by the corporation.In Japan, women too lost a lot in the credit crisis that shook the world of the currency speculators.Here is the excerpt of the

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-21388821313360445302007-04-02T10:40:00.000-07:002007-04-02T10:53:12.375-07:00

Corporations can expand by choosing among several alternatives:1. Develop a new product with a ready market.2. Develop a market for a new product3. Buy an existing company with a product and already with a marketThe third alternative can be costly depending on the market value of the business to be acquired but it may be worth the price since there will less effort in the marketing department of

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-55806458223992249882007-04-01T10:10:00.000-07:002007-04-02T10:51:17.026-07:00

I have been a customer of Circuit City for more than ten years. The reason why I prefer this store when I buy electronics products instead of Costco where I could get it at much lesser price, is the assistance given by the sales personnel. They go out of their way to explain the features, unlike in another electronics store which folded up a few years ago, the sales personnel did not give a damn

cathynoreply@blogger.com1tag:blogger.com,1999:blog-22648967.post-32331783003941187902007-03-26T11:14:00.000-07:002007-04-02T11:22:25.606-07:00

When top brass of an ailing corporation hides it's financial health from creditors and investors, he is committing a crime, fraud.This is exactly why a former top government official of White Hpuse who bcame a CEO of a private corporation was indicted together with the other chief officers Stockman, 3 others, face fraud chargesFormer White House budget czar, three others, accused of wrongdoingThe

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-8816538499133139542007-01-28T13:56:00.000-08:002007-01-28T14:26:34.469-08:00

Cingular's posted an impressive profitability performance despite its low ranking in quality service.The additional millions of subscribers are attributed to being the first in terms of new product offerings. They were the first to offer Motorola's Razr and Samsung's Blackjack.More customers may switch to Cingular or AT & T after it announced that it will be providing service for the Apple's new

cathynoreply@blogger.com1tag:blogger.com,1999:blog-22648967.post-1168267785437479982007-01-08T06:39:00.000-08:002007-01-08T06:50:31.890-08:00

It seems that the accounting fraud cases were committed during the boom and the bust of the dotcom businesses. Sad to see that the high ranking executives of the tech businesses that made profits from the boom are found guilty to have forged documents and employed accounting malpractices.This is an excerpt of the news article from Washington Post.Prosecutors End Case in Long AOL Fraud

cathynoreply@blogger.com1tag:blogger.com,1999:blog-22648967.post-1164461235339941602006-11-25T02:57:00.000-08:002006-11-25T05:37:48.750-08:00

When I was in high school, my Physics teacher applied for a patent for a technology he designed. It was rejected. The reason for the rejection is a patent of a technology which closely resembled his.What is a patent?Patent should not be confused with trademarks, brands/service marks or copyright.A patent for an invention is the grant of a property right to the inventor, issued by the United

cathynoreply@blogger.com1tag:blogger.com,1999:blog-22648967.post-1164405438977962192006-11-20T13:57:00.000-08:002006-11-24T18:11:37.026-08:00

The Balance SheetOne of the basic financial statements required by the SEC and other regulatory agencies is the balance sheet shows the assets, liabilities and equities of a business at a given moment in time.Assets which are either presented on the left side or the top portion, list down the resources of the company. The right hand side or the bottom portion shows the liabilities which

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1163923289969717882006-11-18T23:10:00.000-08:002006-11-19T00:27:13.593-08:00

Starbucks Corp. the world's largest coffee shop chain reported a lower quarterly net income for the fiscal fourth quarter ended Oct. 1. Compared to last year's $123.7 million, or 16 cents per share, Starbucks net income this quarter was $117.3 million, or 15 cents per share despite the following:1. the increase in the total revenue by 20.7 per cent2. the lower effective tax rate (from 38.2 to

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1163264241671112422006-11-11T08:53:00.000-08:002006-11-15T22:09:31.653-08:00

The Financial StatementsWhen we were students, our class performance was reflected in our classcards as our teacher recorded our grades in different subjects/projects or exams. Either we got an A, B or C. Businesses are also evaluated according to their performance for a period and their financial condition as of a given date.Because it is the management teams ’ responsibility to adopt and

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1163659678458814602006-10-18T22:23:00.000-07:002006-11-15T22:47:58.506-08:00

Many people think that just because a person has a business degree, he has already the entrepreneurial potential.Being academically equipped with theories and principles help but the most important entrepreneurial trait is the passion.An ideal small business owner works seven days a week, thinks 24 hours a day. It may be exaggeration but when you own the business, there is no such thing as punch

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1163655395224667142006-10-11T21:16:00.000-07:002006-11-15T21:37:45.550-08:00

When my friend decided to resign from his stressful job, he was offered a small nursing registry business that deploys nurses, caregivers and nursing assistants to the government and private hospitals, skilled and acute.He has no background in nursing or placement business. The owner-manager of the said small business offered his help to ease the transition by orienting him of the day-to-day

cathynoreply@blogger.com2tag:blogger.com,1999:blog-22648967.post-1159998284864150092006-10-04T14:42:00.000-07:002006-11-11T11:00:22.410-08:00

A few years ago, my friend who owns a boutique was complaining of low sales. Her business is strategically located near a church, a bus depot and a private school. I did not see anything wrong with her store inventories. She carrieswomen’s apparel, accessories, babies’ dresses, ladies’ bags and purses which are ideal gifts for any member of a family for special occasions. Her items are also

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1159565410166434562006-09-29T14:21:00.000-07:002006-11-11T11:01:08.360-08:00

First, it was Dell. My friend whom I ordered a Dell laptop thought she's lucky to have returned hers last June. I thought I was lucky too because I have a Toshiba and a Sony.Only three weeks ago, my Sony laptop died on me. The diagnosis? The unit overheated but instead of causing fire, it damaged the hard drive. I used my old Toshiba which despite it's being worn out like the keys are no longer

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1155902175037809912006-08-18T04:26:00.000-07:002006-11-11T11:02:33.406-08:00

I am hardly surprised to find this article about Dell's poor profit performance under Techonology news. The analyst attributed the profitability's decline to the shift from INTEL processor to AMD.A marketing analyst would look at the customer service efficiency that turns off customers from buying the products.A finance analyst would blame the increase in operating expenses brought about by the

cathynoreply@blogger.com3tag:blogger.com,1999:blog-22648967.post-1155651547159524312006-08-15T06:50:00.000-07:002006-08-15T07:49:04.736-07:00

It seems that as each people get heavier, the obesity treatment industry is a good field of investment aside from organic-foods company. This is according to the article of Daniel Gross entitled Explaining America's Protein Glut.As new products or product ideas become a rage among people who need to stay awayfrom fatty foods or fat creating foods, a new business opportunity crops out as thereare

cathynoreply@blogger.com1tag:blogger.com,1999:blog-22648967.post-1154847061949075122006-08-05T23:42:00.000-07:002006-11-11T11:03:51.436-08:00

For the past two months, I was mad at Dell. One for delivering a laptop that was notaccording to the specifications ordered. Two, for failing to pick up the returned goods several times, robbing the person requested to handle the return with precious hours due to waiting.In China, they do not take this sitting down. They sue. Read this article fromBusinessweek.Mad As Hell In China's

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1153522286555569292006-07-21T15:03:00.000-07:002006-11-11T11:06:35.526-08:00

I received two no-reply e-mails from DELL informing me that my account was credited with the invoice value of the laptop that I ordered for my friend. What...?I got no Dell account. So I exhausted all means to talk to a live person and not to an automated answering system which redirects you to several options then at the end, nothing. I got hold of one guy from Dell Preferred Account. Indian

cathynoreply@blogger.com1tag:blogger.com,1999:blog-22648967.post-1152621948655466742006-07-11T05:12:00.000-07:002006-11-11T11:07:38.566-08:00

The broken window theory when applied to business is anything about the power of perception of the customer, what they see, what they experience and what conclusions they draw from it.The way the customer perceives the business is a crucial element in the success or failure of a business or simply a broken window for a big business that when left unattended would invite more broken windows that

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1150734429539788722006-06-19T08:55:00.001-07:002006-11-11T11:08:44.386-08:00

The billboard about an ad of a telecom industry in the Philippines using a woman that gasps after orgasmic experience caused an outrage to people who cannot find the relevancy of the ad copy to the services that it is promoting.Some geniuses mentioned about advertising 101 such as instant recall, attention-getting ad and creativity.So advertising 101 it is...my subject specifically the outdoor

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1148482909827857312006-05-24T07:52:00.000-07:002006-11-11T11:09:31.230-08:00

The options lease or purchase do not only come in the car acquisition for personal use.In putting up a business, lease or purchase may be two alternatives by which equipment could be acquired depending on the avaialability for lease and the specification of the unit required.Equipment leases usually do not require down payments except for some refundable security deposit. Even if the equipment is

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1146811996397816242006-05-04T23:35:00.000-07:002006-11-11T11:11:00.793-08:00

My favorite Apprentice contestant was fired. She was the project managerfor the beauty saloon promotion.Her idea was to reach customers on a personal basis rather than the fliersdistribution in the parking areas.At the end of the contest, the other team emerged with more than $ 300 dollaras income for the day.Both ideas address the awareness stage of the target customers.The question is,which is

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1146029995482040822006-04-25T22:07:00.000-07:002006-11-11T11:13:04.236-08:00

One of the Apprentice hopefuls was fired due to high-pricing srategy adopted for pizza.Pricing is so complex a task that there is a need to weighseveral factors and objectives of the company.Profit-oriented objectiveThe products are priced with a provision for profitsthat would give the target return.If the objective is simply the profit goal, there isa tendency of the company to set the price

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1145840444767845012006-04-23T17:08:00.000-07:002006-11-11T11:35:27.886-08:00

You are familiar with this picture, of course. For 90 years, this icon of dried raisins has graced the Sunmaid box.The Sunmaid has been remaid... ermmm remade.At the tune of 7 million dollars, the icon got a make-over. Now, introducing a new Sunmaid. Kingsburg, Fresno County -- The Sun-Maid girl is doing a lot more than thinking outside the raisin box. She speaks, she charms, she radiates

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1145752800671412612006-04-12T17:11:00.000-07:002006-04-22T23:01:05.170-07:00

What's the objectives of executives overstating earnings of the company? The only reason for a private company to stay in business isits profitablity and earnings net of the expenses are indicatorsof profitability.The earnings per share measures how effective the management uses the investments of the stockholders to generate them satisfactoryreturns from their capital.So when Jefrey Skilling,

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1144010516719633682006-04-02T13:34:00.000-07:002006-04-02T13:45:49.436-07:00

Before the bra, women wore corsets that had ribs made fromsteel. When the First World War broke out ,the government needed as much as steel for the manufacture of weapons.The women started wearing a towel like contraption thatbound their breasts with hooks at the back. It was notcomfortable like the corsets.A Russian immigrant, Ida Rosenthal, a seamstress experimentedon something new. Her partner

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1142733703148185842006-03-18T17:49:00.000-08:002006-03-18T18:01:43.160-08:00

The management of GM has to restate its financial statements for the errors discovered which raised its losses to 10.6 billiondollars. HmppphAccounting error raises GM's loss Why it took them so long to see the errors?Weren't the books audited yearly ?Is this a case of deferring the losses by withholdingcharges of expenses?More losses would mean lower Earnings per share or bigger loss per share.

cathynoreply@blogger.com0tag:blogger.com,1999:blog-22648967.post-1140708607990307392006-02-20T06:14:00.000-08:002006-02-23T07:44:38.186-08:00

With the target market segment in mind, statistics as to populationshould be the basis of determining the demand. If the restaurant isgoing to cater to employees and students, the demographic profilesof these population segment in the AREA where the business is going to be located are very important.Example, if the number of employees and students total to 30,000and 50 per cent of them are

cathynoreply@blogger.comtag:blogger.com,1999:blog-22648967.post-1140617744201320492006-02-19T05:40:00.000-08:002006-02-23T07:47:43.130-08:00

Several people go into business because of one or two of the following reasons:1. friends/relatives convince them that the business is profitable.2. there's mushrooming of the types of business they want to go into.3. have money will invest in business.4. become rich5. some friends are into business5. they have a lot of time to spareYou bet, I did not include the reason why one should be into

cathynoreply@blogger.comtag:blogger.com,1999:blog-22648967.post-1140526965383591822006-02-18T04:34:00.000-08:002006-02-21T06:47:34.820-08:00

I have prepared feasibility studies (business plans)for businesses which capitalizations ranged from a few thousands to millions. Sources of financing were no problem for incorporators/project proponents who were already established businessmen who just would like to diversify in terms of business holdings/exposure. If one industry becomes a sunset, there are other businesses to which they can

cathynoreply@blogger.comtag:blogger.com,1999:blog-22648967.post-1140447560208390682006-02-17T06:36:00.000-08:002006-02-20T07:01:09.026-08:00

Frequently Asked Questions1. How much capital do I need?The capital depends on the kind of business one is planning to engage in.This includes the working capital requirements for months until the income/collections start pouring in or are enough to finance the operation.Let us take an example of how to estimate the capital for a small restaurant that is not franchised.Assumptions: 1. Place is

cathynoreply@blogger.comtag:blogger.com,1999:blog-22648967.post-1140310646326049932006-02-16T16:31:00.000-08:002006-02-20T07:03:49.316-08:00

The sure way of success to business is starting it right.While others are just plain lucky to become successful businessmen, some may not justhave the same luck. While others got already ideas how to start, where to startand when to start, some have the money but they do not know what business to invest in.The following are options for people who do not know how to start.1. Acquire an existing

cathynoreply@blogger.comtag:blogger.com,1999:blog-22648967.post-1140307121152667052006-02-15T15:11:00.000-08:002006-02-18T16:03:53.710-08:00

There are forms of business organization that a person can choose from in puttingup the business.Single or Sole Proprietorship1. Single Ownership- This is the simplest form with the following advantages:a. easy to formb. less problem in decision-makingc. easy to dissolve disadvantages are:a. limited capital- the business' capital may be limited by the limited resources of the owner that working

cathynoreply@blogger.comtag:blogger.com,1999:blog-22648967.post-1140301017997995112006-02-14T13:51:00.000-08:002006-02-18T16:00:23.180-08:00

First thing that comes to mind is CAPITAL.Lay persons however (those who do not speakthe bizz lingo for you)associate capital with money, hard cash. But this is not so, capital can come in the form of assets, tangible and intangible.Capital in the form of tangible of assets may be in the form of building, home, cars or land that are invested in business. Investment means the ownership is being

cathynoreply@blogger.comtag:blogger.com,1999:blog-22648967.post-1140287995877554802003-02-14T10:39:00.000-08:002006-02-19T07:30:30.193-08:00

Hi my name is Cathy.This is my blog about business. What's my credentials for writing business articles? I worked in an auditing firm even before I earned my bachelor's degree in business. Very interesting job which made me some sort of a CSI. I looked for clues and investigated how crimes of fraud were committed. Ask me if I caught some. Of course.Right after getting my license as a Certified

cathynoreply@blogger.com