Accounting 12 Chapter 14
Link: http://www.bclocalnews.com/surrey_area/surreyleader/news/39372469.html
Summary
This article is about a person trying to sell their recreational vehicle through an online ad. The person received an email, often the name of Nathan Seer or Rich Edmund, to say that they are a likely buyer. The buyer offers a flat cash payment by using a cheque from an earlier deal that never succeeded . However, the cheque is for a bigger amount than the RV's selling price so the buyer explains to the seller that he can send him a cheque for the difference. The seller in the end realized that he had receieved a NSF and lost as much as $10 000 not including the RV.
Connection
The connection between chapter fourteen and this article is not sufficient funds. The dishonoured cheque that the man receieved has made him lose thousands of dollars. Not only did he lose the RV and roughly around $10 000, he also has to be responsible for any counterfeit or NSF cheques, including fees, interest and repayment of the full amount. The article also mentions that the buyer should be advised that the cheque is certified (the bank takes the funds out of the issuer's account in advance) in order to confirm that the cheque is good.
Reflection
I think issuing a cheque is not only convenient but also risky. It seems like it is a gamble between whether the issuer is reliable or not. If the issuer is not, then the receiver would get a NSF and on top of that service charges to pay despite that they are the innocent party. It seems unfair for the innocent party to pay service charges when they are the ones that has lost a huge amount of money. I think it's best if the issuer gets charged of around 10% of what they issued in the bounce cheque in order to lower the possibility of scams.
Tuesday, February 24, 2009
Wednesday, February 11, 2009
Telus to open Vegas call centre
Accounting Chapter 15
Link: http://www2.canada.com/calgaryherald/news/calgarybusiness/story.html?id=984f5691-232c-4c6c-9623-4355d0cfe243
Summary:
This article is about the company, Telus, planning to open a call center in Las Vegas, Nev.. The call center will provide Spanish-language support to the customer service line and also Telus members that are able to speak Spanish, in order to better serve their customers. This project would create up to 1000 job opportunities in Las Vegas, as well as some "headquarter style" jobs in Canada. The Telus spokesman guaranteed no job losses in Alberta thats related to the project because the Vegas call centre is function to adding capacity to the Telus' business in order to grow. The new call centre is said to be part of a tentative agreement between Telus and the city of Las Vegas Redevelopment Agency.
Connection:
The connection between chapter 15 and this article is the decisions being made by company with the help of useful financial statements and percentages. During this difficult economic time, many companies are pulling out their financial statements to analayze how they're doing in order to not get pulled into the economic problems. Telus has decided to create a new call centre, which is considered an unlikely move due to the economic slowdown of many business. Their financial statements are very important to Telus' decision because they would probably have to study them so that they can come up with the best solution to boost their sales and net profit. The sales percentage of their years of business would definately help them because they would want to know what projects or new ideas had increase their sales heavily. Also, Las Vegas Redevlopment Agency also must study Telus' financial statements to see if opening their call center would benefit the Las Vegas' economicy
Reflection:
Although opening a call centre in Las Vegas may sound risky because of the number of people who are slowing down in their purchases, it may be a good idea to Telus for a change. Their ideas of including Spanish as a language for their service and even opening in a city where there are populated spanish-speaking people is a interesting idea. This can grab more people into using Telus because they can understand spanish instead of english. Telus' project can also increase job opportunities for people since many people are getting laid off.
Link: http://www2.canada.com/calgaryherald/news/calgarybusiness/story.html?id=984f5691-232c-4c6c-9623-4355d0cfe243
Summary:
This article is about the company, Telus, planning to open a call center in Las Vegas, Nev.. The call center will provide Spanish-language support to the customer service line and also Telus members that are able to speak Spanish, in order to better serve their customers. This project would create up to 1000 job opportunities in Las Vegas, as well as some "headquarter style" jobs in Canada. The Telus spokesman guaranteed no job losses in Alberta thats related to the project because the Vegas call centre is function to adding capacity to the Telus' business in order to grow. The new call centre is said to be part of a tentative agreement between Telus and the city of Las Vegas Redevelopment Agency.
Connection:
The connection between chapter 15 and this article is the decisions being made by company with the help of useful financial statements and percentages. During this difficult economic time, many companies are pulling out their financial statements to analayze how they're doing in order to not get pulled into the economic problems. Telus has decided to create a new call centre, which is considered an unlikely move due to the economic slowdown of many business. Their financial statements are very important to Telus' decision because they would probably have to study them so that they can come up with the best solution to boost their sales and net profit. The sales percentage of their years of business would definately help them because they would want to know what projects or new ideas had increase their sales heavily. Also, Las Vegas Redevlopment Agency also must study Telus' financial statements to see if opening their call center would benefit the Las Vegas' economicy
Reflection:
Although opening a call centre in Las Vegas may sound risky because of the number of people who are slowing down in their purchases, it may be a good idea to Telus for a change. Their ideas of including Spanish as a language for their service and even opening in a city where there are populated spanish-speaking people is a interesting idea. This can grab more people into using Telus because they can understand spanish instead of english. Telus' project can also increase job opportunities for people since many people are getting laid off.
Subscribe to:
Posts (Atom)