Billabong Case Assignment Example | Topics and Well Written Essays - 500 words

Billabong Case - Assignment Example Secondly, when Billabong obtained payment from the merchants, thus it will be translated back into Australian Dollar for application in Australia. As Australian dollar depreciates, the receiving in United State can be interpreted into more Australian dollar than before, bringing rise in trade revenues. The impact of 35.6% depreciation in value of Australian dollar in the subsequent half 2008 was echoed in the interim account ended Dec 2009, with trade revenues in the United States improved by 33.9% (to $385 million). One can envisage the future exchange price by using forward trade rate. In times of fiscal crisis, the forward business rate is not a fine predictor since the market is incompetent. In an inadequate market, Fundamental advance can be employed for forecasting, footed on economic theories and study of variables. Though it is not efficient in forecasting the short-term variations in trade rates, also it is ample as there would constantly be fluctuations that would not be anticipated. Another advance could be using technological analysis to establish the movement of cash by analyzing historical information. This approach is supposed to be a ball that is crystal since there is no hypothetical rationale. The financial catastrophe has caused unanticipated variations in the value AUD. Press prediction for the trade rates predictions of two thousand and nine in the late two thousand and eight were towards continual reduction. It was 67.83 United States Dollars on Christmas Eve two thousand a nd eight. What happens in the foreign exchange market can have a fundamental impact on the sales, profits, and strategy of an enterprise. Accordingly, it is essential that Billabong managers could have understood the foreign exchange market, and what the result of variation in currency trade rates might be for Billabong. 4. The Australian dollar continued to rise by another 20 percent against the U.S dollar in 2010 and 2011. How would this have affected

Employment law Essay Example | Topics and Well Written Essays - 3000 words

Employment law - Essay Example Case study 1 shows a common instance of what could be termed to as a misunderstanding or misinterpretation of a situation within the business premises. In this situation, a seemingly stolen item that is a hard disk is found in the locker belonging to two employees of the same firm, namely Janice and Kelsey. Both are employees with a good reputation in the firm; however the case of a hard disk found in their locker tends to jeopardize their good resume. Following a different approach to confront the issue should show that neither Janice nor Kelsey could be held reliable; however this is not the case. Upon realization by the manager that the piece of hard disk has no entry in the stock records, both Janice and Kelsey are summoned by the manager in an attempt to discover the truth behind the recovery of such an item in their locker. Following basic human instinct, both culprits result to justification of their own cases against the allegations of theft. In a more detailed view of either employee, Janice has been an employee to the firm for a period not less than two years, within when, she has been able to maintain a clean resume without any implications proving otherwise. On the other hand, Kelsey has been working in the firm for a period just over a year, but similar to her co-worker Janice, has kept a clear record, throughout this time. Despite all this, both are considered guilty of the allegations of concealing the hard drive and face disciplinary measures that involve their immediate dismissal from their positions in the firm. Further information shows that the prior owner of the locker made claims of miss-placing his key to the locker some time back, this only making the decision to dismiss the two Janice and Kelsey somewhat inappropriate. Such cases are very common in the business world, and with their increase, the managerial departments of firms such as the one in question should come up with the appropriate procedures to solve such cases. With the incre ased lack of jobs, coming to a conclusion of dismissal like in this case should be the last option, and viable only, when the culprit is proven beyond any reasonable doubt to be guilty of the allegations. Janice to her defense had stated that she had used the locker as usual and upon noticing the bag that was later revealed to be containing the hard drive, had thought to hers self that it was Kelsey’s’ and had no business with it so just ignored it. Kelsey on the other hand had earlier on come to her defense stating that she had not used the locker lately, and thus had little information regarding the hard drive. It is evident that the procedure followed that resulted to the dismissal of the two was neither very clear nor convincing that either would have actually been considered guilty of the offence. Employment law governs that every employee in any organization of firm is subject to fair trial upon occurrence of such incidences. In this case, their cases of appeal a gainst the dismissal came to a sudden crash, as the appeals were refused and both were dismissed. A working environment that has such personal property as lockers should have 24 hour surveillance, even making use of the latest technology in terms of CCTV cameras, which would have saved the situation