Term 4 Unit 3 Discussion
Unit 3 DB: Sales Order, Billing, and AR Depts (ACC430 Accounting Information Systems)
Distinguish between the sales order, billing, and AR departments. Why can’t the sales order or AR departments prepare the bills.
Unit 3 Discussion Board (ACC325 Forensic Accounting)
Margaret Willis is the owner of Willis Concrete Company. Her company supplies poured concrete to residential and commercial construction sites throughout the San Diego area. She recently ran into a major problem with Telweda Construction Company, one of her oldest and largest customers. Telweda is a residential construction company that specializes in upscale new housing developments. Willis Concrete routinely pours concrete for hundreds of Telweda’s job sites every month.
A recent problem occurred when it was discovered that because of improper concrete mixing, the concrete foundations and slabs for 23 of Telweda’s new homes did not meet minimum materials standards. A local homeowner, a retired engineer, had discovered the problem only after he had moved into his new home. The bottom line was that none of the 23 homes was safe to live in. All had to be evacuated immediately, and the very expensive process of retrofitting foundations and slabs had to begin. The work would take months to complete, and Telweda’s reputation has been severely damaged. Several homeowner lawsuits had already been filed, and more were on the way.
Margret Willis had always known of the possibility that mixing problems could occur. That is the reason that her contracts with all vendors included clauses that made it the responsibility of the vendor to perform tests on the quality of the concrete before relying on it.
Telweda argued that despite this clause in its contract with Willis, there was still a reasonable expectation that Willis would provide quality materials and assume responsibility for any problems. Therefore, the CEO of Telweda demanded that Willis pay $20 million to cover the damages.
a. From Willis’s point of view, is litigation or ADR preferred? Why?
b. From Telweda’s point of view, is litigation or ADR preferred? Why?
c. Which form of ADR could be preferred by the two companies?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more