Prepare best and convincing arguments prior to meeting

Assignment Help Financial Accounting
Reference no: EM132787209

In 2013, the Rana Plaza tragedy in Bangladesh caused by the collapsed of the building/factory killed more than 1192 employees while more than 2000 employees were badly injured. The Rana Plaza supply the garment/ clothing to the famous retail chain stores in Europe such as Primark, Benetton Group, Bon Marche, Camaieu and many others.
The Bangladeshi government tried to help the victims, despite of their status of an under-developed nation. When the Bangladeshi government tried to seek help from the retailers that have imported garment from Rana Plaza in Geneva, only one (1) retailer (i.e., Primark) is willing to provide some financial aid for the victims, while other retailers such as Benetton Group, Bon Marche, Camaieu and etc. are reluctant to pay any financial compensation.

  • Imagine that you are the Counsellor from the CSR World, a non-profit organization headquartered in Malaysia. You have been assigned to meet and to convince the respected retailers to provide compensation to the Rana Plaza's victims. While reading about the case, you realized that the some retailers are not interested in contributing to Rana Plaza's victim because this will obviously reduce their profit, and the main aim of their business is solely to maximize the wealth of the shareholders. You also realized that the CSR textbooks promote Carroll and Keith Davis models of CSR.

Problem 1: Prepare your best and convincing arguments prior to your meeting with the representatives from the respected retailers. While doing so, you should also take into account other factors such as the background of the countries where the retailers are operating. Your points should also address retailer's issue where they think that CSR activities will reduce their profits.

Reference no: EM132787209

Questions Cloud

Explain the effect of accrued interest expense : Explain the effect of accrued interest expense towards the determination of accounting profit and taxable income in relation to MFRS112 Income Taxes
How to prepare journal entries to record the july : How to prepare journal entries to record the July 25, billed customer for accounting services provided, $950 and July 1, issued common stock transactions.
Explain the effect of accrued interest expense : Explain the effect of accrued interest expense towards the determination of accounting profit and taxable income in relation to MFRS112 Income Taxes
What amount of joint processing cost is allocated : Refer to Bennett Company. Using a physical measure, what amount of joint processing cost is allocated to Product C (round to the nearest dollar)
Prepare best and convincing arguments prior to meeting : In 2013, the Rana Plaza tragedy in Bangladesh,Prepare best and convincing arguments prior to your meeting with the representatives from the respected retailers.
Describe the engagement of nurse leaders : 1. What data describe the engagement of nurse leaders on healthcare organization boards?
Calculate the pbp for a project : Calculate the PBP for a project that costs $5m now, and is expected to generate cash inflows of $1m, $1.5m, $2m, $2.5m and $1.5m over the next five years.
Is a pattern of movement over the last six months to a year : Take a look at the exchange rate history of your favorite foreign country. Is there a pattern of movement over the last 6 months to a year?
Compute the turnover ratios for accounts receivable : The average gross profit percentage was 51.5 percent. Compute the turnover ratios for accounts receivable and inventory

Reviews

Write a Review

Financial Accounting Questions & Answers

  Valid predetermined overhead rate

The following budget data are available for Surly Corporation: Estimated direct labor hours 9,000 Estimated direct labor dollars $85,500 Estimated material dollars $55,000 Actual manufacturing overhead costs $100,800 Estimated manufacturing overhead ..

  Prepare the general journal entries where required to record

Prepare the General Journal entries where required to record each transaction. Include a narration (explanation) for each journal entry.

  Company book balance of cash into conformity

The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31, 2015. Prepare the bank reconciliation for this company as of July 31, 2015. Prepare the journal entries nece..

  How much is the net service cost to be reflected

Contributions made during the period, How much is the Net Service Cost to be reflected in the 2019 Statement of Comprehensive Income?

  Would you be in favour of a price increase

Calculate a value in response to the following: Unhappy about the prospect of a price increase, Blake's sales manager would like data regarding the number of units that must be sold at the former price to earn the £200,000 profit.

  What is the project npv

A project has an initial cost of $66,350, expected net cash inflows of $11,000 per year for 11 years, and a cost of capital of 9%. What is the project's NPV?

  How does an employer balance their right to control

how does an employer balance their right to control and monitor e-mail and Internet use against employee's right to privacy? Do you agree an employer has the right to monitor e-mail and Internet use?

  What entry will be made on the books of abc co

ABC Co. sold a $50,000 bond issue at face value on October 1, 20X2, What entry will be made on the books of ABC Co. when it issues the bonds on October 1, 20X2?

  What was the geometric average return to glaze stock

Glaze Stock had returns of 6%, -12%, 18%, and -4% over the past four years. What was the geometric average return to Glaze stock?

  Which an entity that entered into related party transaction

Which An entity that entered into a related party transaction would be required to disclose? Nature of the relationship between the parties.

  Compute the amount of dividends declared

Verify A = L+E using the balance sheet (B/S) prepared at the end of Fiscal Year 2008. Be specific with numbers. Repeat for the B/S prepared at the end of FY.

  Evaluate minimum net employment income

Evaluate Mr. Segovias minimum net employment income for the 2009 taxation year. Ignore  PST and GST considerations.

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