Sign In
Not register? Register Now!
Essay Available:
You are here: HomeCase StudyAccounting, Finance, SPSS
3 pages/≈825 words
No Sources
Accounting, Finance, SPSS
Case Study
English (U.S.)
MS Word
Total cost:
$ 14.04

Case Study Analysis Assignment Of Last Chance Limited (Case Study Sample)


Case Study analysis of Last Chance Limited


Case Analysis Final Exam
Case Analysis Final Exam
Last Chance Inc. faces bankruptcy unless it can improve its cash flow by at least 10% from the previous year. The company's president sends a delegation headed by Pat Stevens to inquire about the possibility of acquiring aluminum from Micronesia suppliers. The trip seems to be a success because the delegation can obtain the aluminum at deeply discounted. However, Stevens' faces a problem in making preparations for the shipment of the six cargos because the Harbor Master seeks a charge of $18,000 to “expedite” the paperwork and let the ships sail within the week. If they do not comply, the Harbor Master states that the required documentation and government approval will take up to twelve months. On calling the Micronesian Aluminum company, the sales manager is willing to help Last Chance pay half of the amount and keep the transaction alive as long as the Harbor master is not aware of the source of the funds. Therefore, acceptance of the deal by Stevens to accept money from Abdul (sales manager) and pay the “small late filing fee” would be an act contrary to last Chance's mission statement which seeks to maintain the highest standards of honesty, integrity, and ethics with suppliers and governments and comply with the laws of each country.
In this situation, the payment of the “small late filing fee” by Stevens is not acceptable regardless of the potential consequence of bankruptcy and possibility of people losing their jobs. The survival of Last Chance Inc. is dependent on the fact that Stevens will accept the offer from Abdul to pay the charge and keep the aluminum transaction alive. Stevens is aware of the fact that this deal will improve the company's cash flows and save it from bankruptcy. However, under no circumstances whatsoever, whether in the threat of bankruptcy and joblessness, may be used as a justification for paying a “small fee” and to break the laws of the country. Another moral absolute is that people should never lie. In this case, the act by the Micronesian company sales manager to withhold crucial information on “expediting” international cargo is morally wrong. Therefore, the fear of the sale not happening is no justification for his failure to mention about the time-consuming government documentation.
The $18,000 should be considered a grease payment because it serves the purpose of expediting the cargo's paperwork. A legal concern would be “under which circumstances does a grease payment become a bribe? A legal requirement would be to determine whether paying the fee amounts to a bribe or is a common business

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Analyzing Levis Company Financial Ratios
    Description: LEVIS Company is considered to be a privately owned American Clothing Company that was founded in 1853 when Levi Straus visited San Francisco from Buttenheim,...
    1 page/≈275 words| 3 Sources | APA | Accounting, Finance, SPSS | Case Study |
  • DuPont Analysis
    Description: An analysis of the financial stability of a company with special focus on coca-cola and Pepsi as examples....
    3 pages/≈825 words| APA | Accounting, Finance, SPSS | Case Study |
  • The Violation of Sarbanes Oxley Act Assignment Paper
    Description: This sample examines the Violation of Sarbanes-Oxley Act and highlights some of the companies that have violated the act....
    1 page/≈275 words| 1 Source | APA | Accounting, Finance, SPSS | Case Study |
Need a Custom Essay Written?
First time 15% Discount!