how i can be successful?
I have general trading company,, i just want it to work very well…e.g
i have product from european country and i want to sell it in another countryso i want to find a buyer and i dont know how to start with it
I dont know that… But i sure know that you wont be able to find out on yahoo!
What is the legal penalty if a publicly traded company purposefully reports false financial statements?
This would be done to make the company seem as if it had been more successful in the reporting period than it actually was.
The directors and executives will probably all be removed. The CEO, CFO and anyone else who knew could face jail time, especially if they had any stock transactions during that period. The company can be de-listed. The shareholders can begin a class-action suit, and any shareholder who was financially hurt from the announcement can seek individual damages. All insider trading resulting in profit must be returned, and all insider traders will face criminal charges ranging from financial fines to jail time. As you can see, it has extremely serious potential consequences. Best of luck!
Is one of the problems with cap & trade is that they really don’t have alternatives available?
What is Cap and Trade?
The goal: To steadily reduce carbon dioxide and other greenhouse gas emissions economy-wide in a cost-effective manner.
The cap: Each large-scale emitter, or company, will have a limit on the amount of greenhouse gas that it can emit. The firm must have an “emissions permit” for every ton of carbon dioxide it releases into the atmosphere. These permits set an enforceable limit, or cap, on the amount of greenhouse gas pollution that the company is allowed to emit. Over time, the limits become stricter, allowing less and less pollution, until the ultimate reduction goal is met. This is similar to the cap and trade program enacted by the Clean Air Act of 1990, which reduced the sulfur emissions that cause acid rain, and it met the goals at a much lower cost than industry or government predicted.
The trade: It will be relatively cheaper or easier for some companies to reduce their emissions below their required limit than others. These more efficient companies, who emit less than their allowance, can sell their extra permits to companies that are not able to make reductions as easily. This creates a system that guarantees a set level of overall reductions, while rewarding the most efficient companies and ensuring that the cap can be met at the lowest possible cost to the economy.
The profits: If the federal government auctions the emissions permits to the companies required to reduce their emissions, it would create a large and dependable revenue stream. These financial resources could be used to achieve critical public policy objectives related to climate change mitigation and economic development. The federal government can also choose to “grandfather” allowances to the polluting firms by handing them out free based on historic or projected emissions. This would give the most benefits to those companies with higher baseline emissions that have historically done the least to reduce their pollution.
What Would a Successful Cap-and-Trade Program Look Like?
The goal: To limit the rise in global temperature to approximately 2.0 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels by 2050 by reducing carbon dioxide and other emissions from companies as part of a larger plan for curbing global warming.
The cap: To achieve this goal, the U.S. government should steadily tighten the cap until emissions are reduced to 80 percent below 1990 levels by 2050. Businesses would have to obtain permits entitling them to emit a certain quantity of carbon dioxide or its equivalent in other greenhouse gases. All permits would be auctioned off by the government. Emissions permits in the near term would likely fall in the range of $10 to $15 per metric ton of carbon dioxide or its equivalent.
The trade: Companies unable to meet their emissions quotas could purchase allowances from other companies that have acquired more permits than they need to account for their emissions. The cost of buying and selling these credits would be determined by the marketplace, which over time would reduce the cost of trading the credits as trading becomes more widespread and efficient.
The profits: Initial estimates by the Congressional Budget Office project that an economy-wide cap-and-trade program would generate at least $50 billion per year, but could reach up to $300 billion. Approximately 10 percent of this revenue should be allocated to help offset costs to businesses and shareholders of affected industries. Of the remaining revenue, approximately half should be devoted to help offset any energy price increases for low- and middle-income Americans that may occur as a result of the transition to more efficient energy sources. The other half of the remaining revenue should be used to invest in renewable energy, efficiency, low-carbon transportation technologies, green-collar job training, and the transition to a low-carbon economy. Some resources should also be invested in the energy, environment, and infrastructure sectors in developing nations to alleviate energy poverty with low-carbon energy systems and help these nations adapt to the inevitable effects of global warming. Revenues from the permit auction would essentially be “recycled” back into the economy to facilitate the transition to an efficient, low-carbon energy economy and ensure that consumers are not unduly burdened by potentially higher energy costs.
Now here is the problem: Coal which is the worst polluter provides about 1/2 of our electricity which means those power plants either have to convert to some other power source or buy carbon credits which of course they will pass the cost onto the consumer. Solar & wind power which is the cleanest only provides about 5% of our power and is a decade or more away from being a major provider. Nuclear energy which is about the only source of power available that can readily replace coal, oil & natural gas the liberals don’t want anything to do with. Natural gas is the cleane
That “they really don’t have alternatives available” is just ONE of the problems.
Being based on “junk science” is another.
Inability to actually measure the effectiveness of “cap & trade” is another (and there are other problems as well).
Accounting Ethical Issues?
Attracta Lures is a successful publicly traded company. You own 1000 shares in the company and have recently joined Pimon and Tumba CAs, who are the auditors of Attracta Lures. You know that you will be part of the audit team performing the audit of Attracta Lures. Should you tell the partners of the firm that you own shares in Attract Lures? Why or why not?
(Issues: conflict of interest, code of behaviour, responsible use of power, moral conscience)
As a individual, you are required to discloses potential conflicts of interest. In many cases this disclosure is enough. However, if decisions will be made based upon your finding you should consider excusing yourself from this particular case.
The reason for disclosure is it relieves you of the burden of having hidden or conflicting knowledge. Taken from another stand point, what if you own stock in their most direct competitor.
Should I trade furniture with China when I grow up?
My grandfather owns a successful company that manufactures and imports furniture from China. The business has made hima millionaire (not that that means anything in this day and age). But this is my question: when I “grow up”, should I learn this business and then continue it? Does the furniture trade with China have a promising future?
I always hear people talk about how we should reduce trade with China, so would a reduction of trade with China hurt the business (if it were to happen while I owned it)?
Things may have evolved more by the time you “grow up” but right now there are all sorts of trade-offs regarding whether it makes sense to make various products domestically or in some other nation.
If the product is heavy, then that impacts the cost of transporting across the ocean. That is an added cost. It is cheaper to have it made in China, but you have to have the added cost of inspecting what they do, to make sure that it meets the safety and other standards of here.
What is your protection against the company in China stealing all your designs and selling direct to your customers? You may know that piracy is a MAJOR problem with products that can be made or copied in Asia.
Who will buy the products made in China, when all the jobs that pay customers so they can buy the products, have been exported overseas?
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