The profits attributable to the ordinary shareholders of F plc are as follows: £000 year to 31 December 2016 …………………………….. 1,800 year to 31 December 2017 ……………………………… 2,475 For many years, the company's issued share capital has consisted of 9 million ordinary shares. However, on 1 April 2017, the company made a 1 for 4 rights issue at 50p per share. This issue was fully subscribed. The market value of the company's shares just before the rights issue was £1 per share. Required: (a) Calculate basic EPS for the year to 31 December 2017. (b) Calculate restated basic EPS for the year to 31 December 2016.
> At a school-sanctioned and school-supervised event, petitioner Morse, the high school principal, saw students unfurl a banner stating “BONG HiTS 4 JESUS,” which she regarded as promoting illegal drug use. Consistent with established school policy prohibi
> In 2010, Congress enacted the Patient Protection and Affordable Care Act in order to increase the number of Americans covered by health insurance and decrease the cost of health care. One key provision is the individual mandate, which requires most Ameri
> The Stolen Valor Act makes it a crime to falsely claim receipt of military decorations or medals and provides an enhanced penalty if the Congressional Medal of Honor is involved. 18 U.S.C. §§704 (b), (c). Respondent pleaded guilty to a charge of falsely
> For the past 20 years, the congregation of the Westboro Baptist Church has picketed military funerals to communicate its belief that God hates the United States for its tolerance of homosexuality, particularly in America’s military. Fred Phelps, who foun
> Respondent, an elected official in Montgomery, Alabama, brought suit in a state court alleging that he had been libeled by an advertisement in corporate petitioner’s newspaper, the text of which appeared over the names of the four individual petitioners
> Respondents were convicted separately of violating a Virginia statute that makes it a felony “for any person . . ., with the intent of intimidating any person or group . . ., to burn . . . a cross on the property of another, a highway or other public pla
> Prior to 1995, a student elected as Santa Fe High School’s student council chaplain delivered a prayer over the public address system before each home varsity football game. Respondents, Mormon and Catholic students or alumni and their mothers, filed a s
> CHIEF JUSTICE ROBERTS delivered the opinion of the Court. The public is currently engaged in an active political debate over whether same-sex couples should be allowed to marry. That question has also given rise to litigation. In this case, petitioners,
> The question, whether an act, repugnant to the constitution, can become the law of the land, is a question deeply interesting to the United States. That the people have an original right to establish, for their future government, such principles as, in t
> Answer the following questions after reading the excerpt from Ropers v. Simmons found in Chapter 1. a. Was this a civil case or a criminal case? b. With which sources of law was the Court most concerned? c. What historical factors did the Court consider
> Consider the following two examples and determine whether each is criminal or civil. Foreman drives a car (somewhat ineffectively) after consuming five martinis in one hour. Foreman is not involved in any accident and no one is injured as a result of the
> At age 17, respondent Simmons planned and committed a capital murder. After he had turned 18, he was sentenced to death. His direct appeal and subsequent petitions for state and federal post-conviction relief were rejected. This Court then held, in Atki
> Review the summary of U.S. v. Morrison in Appendix VII. Is this a civil case or a criminal case? Explain.
> Read the excerpt of the case, Tennessee v. Garner in Appendix VII. Answer the following questions: a. Which constitutional provisions apply to this case and how do they apply? b. What statutory law is the Court interpreting in this case? c. Did the Court
> Locate the following cases. For each, write the correct citation, including the year. You may use an online source such as Findlaw, or you may locate the cases in a print resource in a law library. 491 U.S. 274 372 U.S. 335 367 U.S. 643 384 U.S. 436 474
> Review the Modnick case. As you read, identify the facts, the issues, the rules or laws, the holding, and the conclusion. Notice how the court explains or analyzes in this decision. Refer back to the Welch case at the beginning of the chapter. Identify e
> Peter, Paul, and Mary are 16-year-olds who live in Elmwood, a city with a 10 p.m. curfew for anyone under the age of 18. They think the law is unfair and violates their constitutional rights, and they want it changed. How can they go about doing this? (R
> A group of concerned parents in the City of Elmwood wants to see a curfew imposed on anyone under age eighteen. How can they get such a law imposed? (Review the section in this chapter dealing with the sources of law.)
> A high school hockey game resulted in a scuffle between off-duty police officers and an assistant coach and his wife. As a result of the scuffle, the coach and his wife were arrested for assaulting the police officers. At a trial they were acquitted.
> MR. JUSTICE DOUGLAS delivered the opinion of the Court. Appellant Griswold is Executive Director of the Planned Parenthood League of Connecticut. Appellant Buxton is a licensed physician and a professor at the Yale Medical School who served as Medical Di
> Plaintiff, a lesbian patient, sued defendant clinical physicians, alleging that they discriminated based on sexual orientation, in violation of a states civil rights laws, by refusing to perform an intrauterine insemination. The civil rights laws prohibi
> A landlord owned and leased rental units. Prospective tennants agreed to rent a unit but when the landlord found out they were not married she told them she could not rent to them because it would violate her religious beliefs. The prospective tenants fi
> Write a case brief for the Windsor case. Include the facts, issues, rules, analysis, and conclusion.
> Read the following hypothetical situation after reviewing the Case File at the beginning of this chapter. Focus on the statements that may be hearsay. Tommy Rutherford and his family were staying at the lake for the summer. Tommy’s family has a very smal
> Read the case file at the beginning of this chapter. Compare and contrast the case file facts with the facts of the Mapp case. Look for similar facts, differences and factual gaps.
> Discuss the differences between the complaints in the Simpson and Nichols cases.
> After officers stopped a car to check its registration without reason to believe it was being operated unlawfully, one of them recognized a passenger in the car. Upon verifying that the passenger was a parole violator, the officers formally arrested him
> Reread the case file at the beginning of the chapter. What crimes has the client committed? Explain your answer by discussing the facts and the elements of the crimes.
> Locate the juvenile court rules for your jurisdiction. Choose two statutes. Rewrite them, breaking them into their elements. Review the statutes for assault, battery, and kidnapping in this chapter to review how a statute is broken apart into elements.
> Violet complained to the police as follows: After a domestic dispute, her boyfriend took away the keys to her car, forced her into his car, threatened her, and slapped her. As the boyfriend slowed the car at an intersection, she unlatched her seatbelt. H
> CHIEF JUSTICE ROBERTS delivered the opinion of the Court. The Voting Rights Act of 1965 employed extraordinary measures to address an extraordinary problem. Section 5 of the Act required States to obtain federal permission before enacting any law related
> Review the section of your automobile policy that deals with uninsured-motorist coverage. Describe these provisions.
> Lawrence hired a law firm to represent him in a legal matter and signed an agreement containing a provision requiring arbitration in the event of any dispute regarding fees, costs, or any other aspect of the attorney-client relationship. Eventually Lawre
> Read the case Good News Club v. Milford Central School found in Appendix VII. What was the nature of the lawsuit filed in the trial court? What happened in the trial court?
> A car dealership in Ohio used the image of a famous celebrity residing California in an Internet web site promoting the car dealership. The dealership did not have permission to use the image. Cars were not sold through the Web site. The celebrity sued t
> Betts, a California resident purchased a classic car from Hanson, a Wisconsin resident. The car was placed for sale on e-bay (a California business). The car was shipped from Wisconsin to California. Betts claimed that the car did not meet the descriptio
> Reread the facts of Kaplan. In this case, the appellate court did not find that Coldwell Banker was an ostensible agent, only that there were sufficient facts to withstand a summary judgment (a declaration by the court that there were no facts to support
> BCBSD, Inc. was a non-profit health insurance company and Crosse was a plan participant. Crosse sued the insurance company for not distributing claiming that health insurer breached its fiduciary duties by accumulating a surplus of over $50 million. Cros
> Charlotte Lee was named as a defendant partner in a lawsuit against a partnership. Her interest was as follows: Lee’s husband had been a named partner in the business and when he died, his interest passed to his estate. The remaining partners continued t
> While they were married to one another, John and Jane were both employed as real estate sales agents. In 1999, a year before John and Jane separated, John’s accountant recommended that he create a business for tax purposes. John created Manhattan Associa
> Wells filed a lawsuit against her employer Clackamas Gastorenterology Associates, P.C. alleging that the medical clinic violated the Americans with Disabilities Act of 1990 (ADA or Act) when it terminated her employment. The medical clinic asserted that
> Petitioner sponsors professional golf tournaments conducted on three annual tours. A player may gain entry into the tours in various ways, most commonly through successfully competing in a three-stage qualifying tournament known as the “Q-School.” Any me
> Ollie’s Barbecue is a family-owned restaurant in Birmingham, Alabama, specializing in barbecued meats and homemade pies, with a seating capacity of 220 customers. It is located on a state highway 11 blocks from Interstate 1 and a somewhat greater distanc
> Petersford plc prepares accounts to 31 December each year. On 1 January 2014, the company acquired a non-current asset at a cost of £256,000 and decided to depreciate this asset on the straight-line basis over a five-year period, assuming a residual valu
> On 1 January 2018, a company which prepares accounts to 31 December grants "share appreciation rights" to 30 of its employees. By virtue of these rights, the employees concerned will become entitled to a cash payment on 31 December 2020 on condition that
> A company enters into 10,000 contracts with customers, all on the same date. These contracts have very similar characteristics and therefore (as a practical expedient) the company decides to apply the requirements of IFRS15 to the portfolio of contracts
> Bakewall Ltd prepares annual financial statements to 31 December. On 1 August 2017 the company closed down one of its operations and classified the corresponding cash generating unit (CGU) as held for sale. All of the assets in this CGU were within the s
> An asset which cost £200,000 on 1 January 2016 is being depreciated on the straight line basis over a five year period with an estimated residual value of £40,000. The company which owns the asset has conducted an impairment rev
> Accounting standard IAS16 Property, Plant and Equipment makes a number of recognition, measurement and disclosure requirements with regard to tangible noncurrent assets. The term "non-current asset" is defined in accounting standard IAS1 Presentation of
> Brenda is considering an investment in the ordinary shares of either Baker plc or Grant plc. Both companies operate in the same sector of industry and both prepare accounts to 30 September each year. Financial statements for the year to 30 September 2018
> The statements of financial position of CC Ltd and its two subsidiaries DD Ltd and EE Ltd as at 31 December 2017 are as follows: The following information is available: (a) CC Ltd acquired 60% of the shares of DD Ltd on 1 January 2016, when DD Ltd had
> Prentiss plc operates a defined benefit pension plan and prepares financial statements to 31 March each year. The financial statements for the year to 31 March 2017 showed that the present value of the defined benefit obligation on 31 March 2017 was £140
> Querk plc prepares financial statements to 31 December each year. On 1 January 2017 the company bought £500,000 of 6% loan stock for £490,420. Interest is receivable on 31 December each year and the loan stock will be redeemed at a 15% premium on 31 Dece
> Western Trading plc is a company which uses a variety of component parts in its manufacturing operations. One of the company's suppliers has recently gone out of business and therefore Western is now seeking an alternative (and reliable) source of supply
> On 1 October 2017 Pumice acquired the following non-current investments: (i) 80% of the equity share capital of Silverton at a cost of £13. 6 million (ii) 50% of Silverton's 10% loan notes at par (iii) 1. 6 million equity shares in Amok at a
> The financial statements of JJ Ltd and KK Ltd for the year to 30 June 2018 are shown below: / / The following information is also available: 1. On 1 July 2014, JJ Ltd paid £3,153,000 to acquire 75% of the ordinary shares and 10% of the pr
> J Ltd has been trading for many years, preparing financial statements to 31 March each year. As from 1 April 2017, the company decided to adopt a new accounting policy in relation to revenue recognition. If this policy had been adopted in previous years,
> (a) List the main indicators of a hyperinflationary economy, as specified by IAS29. (b) Explain why IAS29 takes the view that conventional financial statements are not useful in a hyperinflationary economy. (c) Explain how each of the following items sho
> Related party relationships are a common feature of commercial life. The objective of IAS24 Related Party Disclosures is to ensure that financial statements contain the necessary disclosures to make users aware of the possibility that financial statement
> During the year to 31 December 2017, Tinderlake Ltd attempted to stimulate sales and increase its profits by reducing selling prices, holding larger inventories and giving customers longer credit. All of the company's purchases and sales are on credit te
> IFRS1 First-time Adoption of International Financial Reporting Standards lays down the procedure which must be followed when an entity prepares its first financial statements that comply with IFRS Standards and IAS Standards. (a) State the objective of I
> IFRS16 Leases replaces IAS17 Leases for accounting periods beginning on or after 1 January 2019. The main aim of the new standard is to improve lessee accounting so that a lessee's financial statements provide a more faithful representation of the lessee
> There are two international standards which deal with goodwill. IAS38 does not allow internally generated goodwill to be recognised as an asset. Goodwill acquired in a business combination is dealt with by IFRS3. (a) Define the term "goodwill" and explai
> The main role of the International Accounting Standards Board (IASB) is to devise and publish International Financial Reporting Standards (IFRS Standards) and revised versions of International Accounting Standards (IAS Standards). IAS Standards were orig
> Assuming that today's date is 1 January 2018, calculate the present value of each of the following: (a) £50,000 to be received on 1 January 2021 (b) £100,000 to be received on 1 January 2023 (c) £10,000 to be received on I January each year from 2019 to
> The International Accounting Standards Board (IASB) develops international standards by means of a "due process". The main stages of this process are listed in the Preface to International Financial Reporting Standards. The Preface also states the object
> The main activity of J&T Ltd is to buy old vehicles, which are sold after converting them into a saleable condition. At 28 February 2018, the end of the company’s financial year, J&T Ltd had the following vehicles that were at v
> Triangle, a public listed company, is in the process of preparing its draft financial statements for the year to 31 March 2018. On 1 April 2017, Triangle sold maturing inventory that had a carrying value of £3m (at cost) to Factorall, a finance house, fo
> (a) Sparkling Pictures plc is a company which specialises in video production. The company is preparing its financial statements for the financial year ended 30 April 2018. During the financial year ended 30 April 2017 Sparkling Pictures plc was responsi
> On 1 December 2014, Gebouw plc entered into a finance lease requiring the company to make payments of £785,000 each on 1 December 2014, 2015, 2016, 2017 and 2018. The fair value of the leased asset on 1 December 2014 was £2,997,000 and it was expected to
> Stenberg plc is preparing its financial statements for the year ended 30 November 2018. On 1 May 2018, the company purchased a factory for the manufacture of optical disks, paying £24,000,000. The factory will be depreciated over its estimated life of 10
> The following information relates to three companies that use the revaluation model in relation to intangible assets and prepare annual financial statements to 31 December: (a) Company W acquired an intangible asset for £250,000 on 31 December 2016. This
> (a) Define the term "investment property". Explain why it is not generally appropriate to charge depreciation in relation to such a property. (b) Give three examples of properties (land or buildings) that should be classified as investment properties. (c
> Chilwell Ltd prepares financial statements to 31 October each year. The company's trial balance at 31 October 2017 is as follows: The following information is also available: 1. Land is non-depreciable and is to be revalued at £280,000 on
> On 1 January 2016, G plc issued £2 million of 7% convertible loan stock. The holders of this stock may choose to convert the stock to ordinary shares on 1 January 2020, 2021 or 2022. The number of ordinary shares into which the stock will be converted is
> The following are the statements of financial position of two companies at 31 October 2018, the end of their most recent financial years: The following additional information is available: 1) On 1 November 2016 Multa plc purchased 90,000,000 ordinary s
> The statement of financial position of Aadvaark Trading Ltd at 30 November 2018 (with comparatives for 2017) is as follows: / / The following information is also available: (i) Freehold property which was valued at £500,000 on 30 November 2017 was reva
> Floothair plc is a large international airline company with three operating segments: – International airline business – Domestic airline business – Non-airline business. The company reports segment i
> If most long-term forecasts are usually incorrect, why bother doing them?
> What can a corporation do to ensure that information about strategic environmental factors gets the attention of strategy makers?
> Why is environmental uncertainty an important concept in strategic management?
> Using Carroll’s list of four responsibilities, should a company be concerned about discretionary responsibilities? Why or why not?
> How does the resource-based view of the firm provide a superior means of evaluating a company’s competitive advantage?
> How appropriate is the theory of laissez-faire in today’s world?
> Is there a conflict between agency theory and the concept of organizational stakeholders?
> Why are strategic decisions different from other kinds of decisions?
> What is a learning organization? Is this approach to strategic management better than the more traditional top-down approach in which strategic planning is primarily done by top management?
> How does strategic management typically evolve in a company?
> Explain how our understanding of the three generic strategic approaches available to companies can be used to direct the efforts of all employees at those companies.
> Why has strategic management become so important in business?
> What are the pros and cons of management’s using the experience curve to determine strategy?
> In what ways can a corporation’s structure and culture be internal strengths or weaknesses?
> How can value-chain analysis help identify a company’s strengths and weaknesses?
> What is the relevance of the resource-based view of the firm to strategic management in a global environment?
> The effects of climate change on companies can be grouped into six categories of risk. Use any two of these to explain the impact upon the resort hotel industry.
> Compare and contrast trend extrapolation with the writing of scenarios as forecasting techniques.
> How can a decision maker identify strategic factors in a corporation’s external international environment?
> Is Pepsi Cola a substitute for Coca Cola?
> How would you determine the level of competitive intensity in an industry?
> Reconcile the strategic decision-making process depicted in Fig. 1.5 with the strategic management model depicted in Fig. 1.2. Figure 1.5: Figure 1.2: FIGURE 1-5 3(a) 3(b) Strategic Decision- Making Process Scan and Assess Extemal Environment: An