Cash Flows and Financial Statements at Sunset Boards

CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: | Income statement| | | 2008| | 2009| | Sales| $247,259| | $301,392| | Cost of goods sold| 126,038| | 159,143| | Selling & administrative| 24,787| | 32,352| | Depreciation| 35,581| | 40,217| | EBIT| $60,853| | $69,680| | Interest| 7,735| | 8,866| | EBT| $53,118| | $60,814| | Taxes| 10,624| | 12,163| | Net income| $42,494| | $48,651| | Dividends| $21,247| | $24,326| | Addition to retained earnings| 21,247| | 24,326| . The balance sheet for each year will be: | Balance sheet as of Dec. 31, 2008| | Cash| $18,187| Â  | Â  | Accounts payable | $32,143| Â  | Accounts receivable| 12,887| Â  | Â  | Notes payable | 14,651| Â  | Inventory| 27,119| Â  | Â  | Current liabilities | $46,794| Â  | Current assets| $58,193| Â  | Â  | Â  | | | Â  | | Â  | Â  | Long-term debt | $79,235| | Net fixed assets| $156,9 75| Â  | Â  | Owners' equity | 89,139| Â  | Total assets| $215,168| Â  | Â  | Total liab. ; equity | $215,168| In the first year, equity is not given. Therefore, we must calculate equity as a plug variable.Since total liabilities ; equity is equal to total assets, equity can be calculated as: Equity = $215,168 – 46,794 – 79,235 Equity = $89,139 | Balance sheet as of Dec. 31, 2009| | Cash| $27,478| Â  | Â  | Accounts payable | $36,404| Â  | Accounts receivable| 16,717| Â  | Â  | Notes payable | 15,997| Â  | Inventory| 37,216| Â  | Â  | Current liabilities | $52,401| Â  | Current assets| $81,411| Â  | Â  | Â  | | | Â  | | Â  | Â  | Long-term debt | $91,195| | Net fixed assets| $191,250| Â  | Â  | Owners' equity | 129,065| Â  | Total assets| $272,661| Â  | Â  | Total liab. & equity | $272,661|The owner’s equity for 2009 is the beginning of year owner’s equity, plus the addition to retained earnings, plus the new equity, so: Equity = $89,139 + 24,326 + 15,600 Equity = $129,065 3. Using the OCF equation: OCF = EBIT + Depreciation – Taxes The OCF for each year is: OCF2008 = $60,853 + 35,581 – 10,624 OCF2008 = $85,180 OCF2009 = $69,680 + 40,217 – 12,163 OCF2009 = $97,734 4. To calculate the cash flow from assets, we need to find the capital spending and change in net working capital. The capital spending for the year was: | Capital spending| | Ending net fixed assets| $191,250| | – Beginning net fixed assets| 156,975| | + Depreciation| 40,217| | Net capital spending| $74,492| And the change in net working capital was: | Change in net working capital| | Ending NWC| $29,010| | – Beginning NWC| 11,399| | Change in NWC| $17,611| So, the cash flow from assets was: | Cash flow from assets| | | Operating cash flow| $97,734| | – Net capital spending| 74,492| | – Change in NWC| 17,611| | Cash flow from assets| $ 5,631| 5. The cash flow to creditors was: | Cash flow to credito rs| Â  | | Interest paid| $8,866 | – Net new borrowing| 11,960 | | Cash flow to creditors| –$3,094| 6. The cash flow to stockholders was: | Cash flow to stockholders| Â  | | Dividends paid| $24,326 | | – Net new equity raised| 15,600 | | Cash flow to stockholders| $8,726| Answers to questions 1. The firm had positive earnings in an accounting sense (NI > 0) and had positive cash flow from operations. The firm invested $17,611 in new net working capital and $74,492 in new fixed assets. The firm gave $5,631 to its stakeholders. It raised $3,094 from bondholders, and paid $8,726 to stockholders. . The expansion plans may be a little risky. The company does have a positive cash flow, but a large portion of the operating cash flow is already going to capital spending. The company has had to raise capital from creditors and stockholders for its current operations. So, the expansion plans may be too aggressive at this time. On the other hand, companies do need capita l to grow. Before investing or loaning the company money, you would want to know where the current capital spending is going, and why the company is spending so much in this area already.

Lot of problems

People of Choral are facing lot of problems due to lack of bridge. Ferry service Is available till 2. 00 am and if there is any medical emergency, people have to face lot of problems. It is noticed that many women's at the time of their pregnancy had stayed outside Choral with fear. A long queue Is found waiting for ferry. There are lots of fights amongst the people. Many people from Blowhole, Mayhem sides use this ferry for coming to Pianism. One can see fights between villagers from Choral and the outsiders.The persons who are most affected are the students. Students have to Walt or many hours at ferry stop because of which they reach late. BENEFITS Benefits which Islanders will get from the construction of bridge are:- Choral Island will be developed. Transport problem will be automatically solved. The pressure that Choral ferry has to bear will be reduced. Etc If this ferry is used for tourists who come to enjoy scenic beauty of Choral Island, huge revenue can be earned by the go vernment.After completion of this bridge the distance from Pianism to Bucolic will be reduced by around km and hence pressure on Mona Bridge will be reduced. All these benefits will depend on, from which way the bridge will be instructed. Government has proposed construction of bridge from different sides. Government has presently planned to construct bridge Joining Choral to Sally village, which has been agreed by all villagers. But the villagers from Sally are opposing this bridge.According to them Khan land will be reduced. Traffic problem will be caused leading to k-joss in their own village. Some people of Choral are also of the opinion that, after construction of the bridge, Choral village will lose its identity. According to some environmentalist Choral bird century will be affected. One person from the village said that, he is so much fed up of this issue that, he does not want construction of bridge. As according to him, it will only remain as a dream.Shawls Scotchman : Sal vo Scotchman: Conclusion : Dallas Earmarked According to me, Choral Bridge Is Just a vote bank Issue used by our politicians. They do not view It as a development activity rather Is a Just dream of Islanders. CHORAL BRIDGE By Skirts-Scotchman People of Choral are facing lot of problems due to lack of bridge. Ferry service is outside Choral with fear. A long queue is found waiting for ferry. There are lots of sights amongst the people. Many people from Bucolic, Mayhem sides use this ferry for coming to Pianism.One can see fights between villagers from Choral and the outsiders. The persons who are most affected are the students. Students have to wait Benefits which islanders will get from the construction of bridge are:- earned by the government. After completion of this bridge the distance from Pianism Cashing Scotchman : Disk's Earmarked According to me, Choral Bridge is Just a vote bank issue used by our politicians. They do not view it as a development activity rather is a Just dr eam of islanders.

Technological Progress

Opinion essay: â€Å"Technological Progress – Blessing or Curse? † â€Å"He who moves not forward, goes backward†. Goethe â€Å"Do we control our machines or do they control us?. † Author unknown Technology†¦ is a queer thing. It brings you great gifts with one hand, and it stabs you in the back with the other. ~C. P. Snow, New York Times, 15 March 1971 Read the quotations above. Then use them as a starting point for a composition (350–400 words). Write an opinionated text in which you deal with this important but also controversial topic.What are the advantages and disadvantages of technological progress and to what extent has it changed and shaped man's life? TeenONline Essay-writing competition for teenagers: Life without computers is not worth living The best essay will win a 3-day-stay in London You have decided to take part in the competition. In your essay, express your opinion on the above statement. Make sure you include the following aspects: †¢ information †¢ communication †¢ entertainmentWrite an opinion essay of about 400 words. | | |A mobile for your four-year-old? What a bad call †¦ | |Yesterday it emerged that a mobile phone aimed at four-year-olds, already available in Ireland, is to go on sale in Britain toward the | |end of the year. The Firefly, as it is called, has only five buttons, including two hot keys for Mummy and Daddy. | | | | |Source: Tim Dowling, The Guardian, Thursday 25 June 2009 | Are mobile phones for four-year-old children a good idea? In your essay make sure you deal with the following aspects: †¢ possible forms of use †¢ effects on parents’ lives effects on children’s lives Write your opinion essay in about 350 words. Opinion essay: â€Å"The Internet – Blessing or Curse? † â€Å"One of the Internet's strengths is its ability to help consumers find the right needle in a digital haystack of data. † Jared Sandberg â€Å"G etting information off the Internet is like taking a drink from a fire hydrant. † Mitchell Kapor â€Å"The lesson here is you can't expect users to learn. There's too much fun going on out there on the Internet. † Author unknownRead the quotations above. Then use them as a starting point for a composition (350–400 words). Write an opinionated text in which you deal with this important but also controversial invention. What are the advantages and disadvantages of that medium and to what extent has it changed and shaped modern society? What do you think of the impact the internet has on our life and how are you personally affected by it? (134 words) Opinion essay: Career choice â€Å"Money makes the world go round. † Author Unknown Choose a job you love and you will never have to work a day in your life. † Confucius â€Å"Those who believe money can do everything are frequently prepared to do everything for money. † Author Unknown Read the quota tions above. Then use them as a starting point for a composition (350–400 words) on making the right career choice in which you state your opinion on: †¢ the importance of money in this decision †¢ what other aspects to consider †¢ how important a good job is for being happy and satisfied Schreibimpuls: 99 Worter Technological Progress Opinion essay: â€Å"Technological Progress – Blessing or Curse? † â€Å"He who moves not forward, goes backward†. Goethe â€Å"Do we control our machines or do they control us?. † Author unknown Technology†¦ is a queer thing. It brings you great gifts with one hand, and it stabs you in the back with the other. ~C. P. Snow, New York Times, 15 March 1971 Read the quotations above. Then use them as a starting point for a composition (350–400 words). Write an opinionated text in which you deal with this important but also controversial topic.What are the advantages and disadvantages of technological progress and to what extent has it changed and shaped man's life? TeenONline Essay-writing competition for teenagers: Life without computers is not worth living The best essay will win a 3-day-stay in London You have decided to take part in the competition. In your essay, express your opinion on the above statement. Make sure you include the following aspects: †¢ information †¢ communication †¢ entertainmentWrite an opinion essay of about 400 words. | | |A mobile for your four-year-old? What a bad call †¦ | |Yesterday it emerged that a mobile phone aimed at four-year-olds, already available in Ireland, is to go on sale in Britain toward the | |end of the year. The Firefly, as it is called, has only five buttons, including two hot keys for Mummy and Daddy. | | | | |Source: Tim Dowling, The Guardian, Thursday 25 June 2009 | Are mobile phones for four-year-old children a good idea? In your essay make sure you deal with the following aspects: †¢ possible forms of use †¢ effects on parents’ lives effects on children’s lives Write your opinion essay in about 350 words. Opinion essay: â€Å"The Internet – Blessing or Curse? † â€Å"One of the Internet's strengths is its ability to help consumers find the right needle in a digital haystack of data. † Jared Sandberg â€Å"G etting information off the Internet is like taking a drink from a fire hydrant. † Mitchell Kapor â€Å"The lesson here is you can't expect users to learn. There's too much fun going on out there on the Internet. † Author unknownRead the quotations above. Then use them as a starting point for a composition (350–400 words). Write an opinionated text in which you deal with this important but also controversial invention. What are the advantages and disadvantages of that medium and to what extent has it changed and shaped modern society? What do you think of the impact the internet has on our life and how are you personally affected by it? (134 words) Opinion essay: Career choice â€Å"Money makes the world go round. † Author Unknown Choose a job you love and you will never have to work a day in your life. † Confucius â€Å"Those who believe money can do everything are frequently prepared to do everything for money. † Author Unknown Read the quota tions above. Then use them as a starting point for a composition (350–400 words) on making the right career choice in which you state your opinion on: †¢ the importance of money in this decision †¢ what other aspects to consider †¢ how important a good job is for being happy and satisfied Schreibimpuls: 99 Worter

Home and Public Schools Research Paper Example | Topics and Well Written Essays - 2500 words

Home and Public Schools - Research Paper Example In an age-segregated classroom, a child would not be working on his/her own pace but rather someone else's pace. This environment would never be present in any time during our adult life. In a work environment, co-workers would be of all different ages and possesses knowledge in various areas. The assertion, "Home-schooling is inferior to the public education system", is an opinion that can easily be refuted. No one is able to state this as a fact due to the research that had already been done. Former director of "Education Resources Information Center" (ERIC), Dr. Lawrence M. Rudner, had done research to disprove the idea that home-schooling is inferior. He found that on average a home-educated student scores within the 80 percentile on a standardized test when the national average is within the 50 percentile. In addition, the home-schooled student population only made up less than three percent of the student population In America, but ten percent of top contestants for the nation's top scholarships, such as the "Presidential Scholarship", are home-schooled. In consideration of such outstanding records, it's safe to say that the parents are effective teachers despite their lack of a teaching license. This is also due to the vast resources supplied to both parents and students alike by their environment if any material was not understood. Parents are not the only tool or resource home-based educators get information from. In many cases, parents get the assistance of other friends, or any interested person in the family. For example, if an uncle in the family who is particularly skilled in computer graphics, he would be pleased to take part in the home schooling system for that subject. Additionally, parents can quest for on-line education web sites that... This report approves that some children lack social skills regardless of where they attend school. There are plenty of students in public schools who lacked social skills, and they were also tormented and ridiculed by the other children. Being around children everyday isn't going to help them. If anything, it hurts them because they will be dealt emotional scars that will take years to heal. Nonetheless, home-schooled children don't generally have to deal with the negative behaviors exhibited by children in large groups. Most home schooling groups are smaller in size and the children tend to play better with all ages rather than just their age level peers. Children are allowed to mature at their own speed and by the time they're exposed to large groups of children, they're more likely to be socially mature enough to handle the situations. This essay makes a conclusion that the best schooling is not just home or public schooling, its somewhere in the gray area of the two. For each child, one may have more of one or the other; but a combination of the two is much better than just one. While public schools teach us tolerance of different views and ideas; home schooling provides us with the care we all need for certain subjects. Public schools provide students with the social aspects required to stay active and prosper in whatever community they choose to be a part of. While home schooling provides the emphasis and time required for some students to grasp complicated theories or ideas.

Organizational Behavior Essay Example | Topics and Well Written Essays - 500 words - 3

Organizational Behavior - Essay Example The resistance could be severe as well when trade unions and the like protest their anger and shut down on work in a swift manner, thus halting the organizational domains in an excessive manner. The need is to deal with resistance in such a manner that will make both the parties happy. (Berkowitz, 2003) The employees as well as the organizational top heads must reach a consensus as to what exactly could be summed up as a compromising situation. Culture is manageable to the extents that it does not hinder the employees’ working space and it is changeable if all the above mentioned parties in unison agree with the notion that the organization’s success is more important than their individual preferences. Organizations can prevent resistance to change if they pre-empt the moves that the employees and stakeholders will take in the event of a changing scenario looming large in their face. The organizations can find out how the people concerned would react when change is put upon them and how they would show their pleasure or the lack of it within the contexts of their personal lives and more importantly at the workplace. This is significant since organizations pose a number of problems for the employees both on the domestic as well as official fronts and change in any such situation could work towards creating problems for them, no matter within the short term or in the longer scheme of things. The cultural change aspect needs to be embedded in a clear and concise manner within the realms of an organization so as to extract the best possible results, both in the short term as well as in the long run. Organization structure impacts the manner in which work is basically carried out. More than anything else it adheres to the different purposes of the discrete services and the related achievements with the passage of time. This brings to

ECONOMICS OF THE UAE Case Study Example | Topics and Well Written Essays - 4250 words

ECONOMICS OF THE UAE - Case Study Example Fossil fuels (oil, coal and gas) will remain the most supplied form of energy used throughout the globe. Hence this sector is an important source of economic growth for the gulf region. The structure of labour force also plays an important role in the economic development of any country. The structure of the UAE labour force has been studied in this paper and the pattern of expenditure of their income is investigated to assess the effect of labour force on the GCC economy. This paper analyses six articles on this issue and evaluates the findings to assess the process of economic growth of the GCC region. 1. The development and principal features of an oil economy The article by Issac John, titled, â€Å"Dubai government owned e-commerce website to expand in Gulf† published in Khaleej Times on 20 February 2013, explains this phenomenon. In 2011 GCC had a nominal GDP of US$1.4trilion (QNB, 2013). The economy of the GCC region is based on the oil reserves of the region and till p resent times it is known to have the largest reserves of crude oil in the whole world (approximately 486.8 billion barrels) (Gulfbase, 2013). While the OPEC countries together accounts for 70% of the total known crude oil reserves of the world, the GCC alone represent 35.7% of the total reserve. This region holds the topmost rank in producing and exporting petroleum in the world thereby generally assuming a primary role in the global economy, particularly in the OPEC. The GCC economy has increased in size almost three times in the period between 2002 and 2008. This shows that the seven countries in the GCC region (Ajman, Abu Dhabi, Dubai, Al Fujayrah, Sharjah, Ras al Khaymah and Umm al Qaywayn) have reflected spectacular economic growth till mid 2008 (EIA, 2013). GCC countries account for 52% of the total OPEC oil reserves and 49% of the total OPEC crude oil production. The region is continuing its economic reform program, focusing on attracting domestic, regional and foreign privat e sector investment into oil & gas, power generation, telecommunications, and real-estate sectors. However, the slouch in the financial condition around the globe has brought about a slowdown in the economic status of the world which has slowed down the rate of investment in different development projects in this region. However, with the recent efforts made by all countries towards economic recovery is creating a quick rebound in the economic activities in the region (Gulfbase, 2013). According to analysts the combination of sluggish rise in global oil demand and rising market penetration by the non-OPEC countries might have a dampening effect on oil prices thereby limiting profits for the GCC countries in the near future. According to data published by the International Energy Agency (IEA) in June 2010 the quota compliance of UAE with the member countries of OPEC was re-adjusted (Kumar, 2010). Average export price of oil is estimated to rise marginally therefore declining in real terms. Export volumes would expand only by 1% annually till end of the decade. In the progression, contribution from the GCC countries would sum up to half of the total OPEC output and the â€Å"OPEC output as a share of global demand for oil is expected to decline from about 40 percent in 1995 to 37 percent by the end of the decade†

Assignment 2 Essay Example | Topics and Well Written Essays - 500 words - 12

Assignment 2 - Essay Example Yet, the actual experience of smelling a rose cannot merely be contained and explained through this comprehensive body of information. This in essence is the Qualia problem. Jackson illustrates the inadequacy of physicalism through couple of examples. He uses the ‘knowledge argument’ in describing the case of the exceptionally sighted Fred. Fred actually sees two colors within the conventional red spectrum. In other words, just as a normal human eye can distinguish between yellow and blue clearly and consistently, Fred is able to identify two colors within red – red1 and red2. The nomenclature contains ‘red’ as a common term, but it does not mean Fred sees two shades of red. To him the two are as distinct as yellow and blue are for a normal human being. This much is a brief account of the physical facts of the phenomenon. But crucially, it is a poor substitute for what it is to experience those two different colors. Even the analogy of yellow and blue give a conceptual understanding but no clue as to what the two reds might look like. This is the major shortcoming of physicalism and hence the introduction of qualia into the discussion. I totally agree with Jackson’s emphasis on qualia and its centrality to discussing sensory experience. Physicalism, though, has its utility, in that, it helps document and describe sensory phenomena for scholarly analysis. But it is ultimately limited in capturing the real experience as and when it occurs to a human subject. In my view modern psychology could benefit by incorporating qualia into its therapeutic models. It is widely understood that psychological states like depression and anxiety have their origins in perception. Two different people perceive the same sort of event in two different ways. Their reaction to these events is in turn dictated by their perception. Cognitive Behavioural Therapy (CBT) is aimed toward rectifying the patient’s distorted perceptions of self, others, circumstances and the

History of Occupational and Health Safety Essay - 1

History of Occupational and Health Safety - Essay Example Steel industry workers demand for more comprehensive occupational health and safety laws. Accordingly, industries start introducing protective clothing, meals, rest breaks, improved conditions in mines and protection against asbestos Committee inquires on the impact of technological change in Australia such as screen-based equipments like computers, and associated hazards like repetitive movement injuries, fatigue and impact on eyesight (Johnstone & Tooma, 2012). Occupational health and safety (Commonwealth employees) Act 1991 is enacted in order to protect the employees of the commonwealth authority from risks arising from employment. The employer must identify risks, control the risks or reduce the potential risks. Industry Commission issues the Work health and Safety proposals that offers greater incentives for employers to introduce better safer work environments and allow for flexibility through use of few legislations The commonwealth, Sate and territory governments and Australian Council of Trade Unions abide to commit to the 2002-2012 National OHS strategy that aims at attaining an harmonised regulatory framework (Johnstone & Tooma, 2012). Amendments of the Occupational health and safety Act 1991 is amended by the Occupational Health and Safety (Commonwealth Employment) Amendment Act 2004 to alter the procedure of workplace investigations and improvement notices (Johnstone & Tooma, 2012). Federal workplace minister canvasses the possibility of harmonised national systems of employee compensation. Employee groups also make submissions on concerns and support for the possible harmonisation of OHS. The Work, health and safety Act 2011 covers incident identification, WHS consultations, workplace entry provisions, regulations and legal proceedings (Johnstone & Tooma,

Supply Chain Management Essay Example | Topics and Well Written Essays - 1500 words - 5

Supply Chain Management - Essay Example Supply chain management also helps to improve customer service, thus increasing effectiveness. Supply chain management is an important aspect of operation management as it has profound effects on the successful functioning of an organization. Proper supply chain management can be used to eliminate redundancy and remove barriers arising from poor communication, by monitoring, controlling and coordinating the various processes within an organization. "Identifying the components of the supply chain, facilitating better decision-making, creating improved communication, and identifying weak links in the chain causing bottlenecks in an organization are crucial to supply chain integration. There are three principle elements of supply chain integration: management of information and financial flows, inventory management, and management of relationships of trading partners." (Power, 2005) According to Czinkota, Ronkainen and Moffett, supply chain management is the integration of three concepts; they are the systems concept, the total cost concept and the trade off concept. These concepts are also important to the business logistics. The system concept is based on the notion that materials- flow activities within and outside of the firm are so extensive and complex that they can be considered only in the context of their interaction. The system concept intends to provide the firm, its suppliers and its customers both domestic and foreign, with the benefits of synergism expected from the coordinated application of size. To get the system concept works, information flows and partnership trust are instrumental. Logistics capability is highly information dependent, since information availability is key in planning and to process implementation. (http://www.oppapers.com/topics/supply-chain-concepts/0) This paper discusses how the benefits reducing cost and profits can be achieved by utilizing information systems and information technology. I will also examine the supply chain processes between sellers and buyers. Due to continuous advancement in the field of information systems technology, it is possible for supply chain partners to coordinate more effectively to optimize the performance of their various organisations. Also, information sharing is a requisite in this coordination, and information sharing has been facilitated quite a lot by these advances in the field of information technology.According to Banavar et al, "Modern businesses are dynamic in nature and to stay competitive (organizations) need to optimize their business processes by understanding and reacting to the rapid changes in their environment" (Banavar, Black, Caceres, Ebling, et al, 2005) Serious use of supply chain management started in the 1980s. "It is to describe the range of activities coordinated by an organisation in order to procure and manage their supplies." (Oliver and Webber, 1982)Inventory control is a very essential part of the supply chain process of any organization, because inventory control has to do with reducing the cost of inventory. There are 3 major factors involved in the inventory control decision-making process. These are: The cost of shortage, i.e., what is lost if the stock is insufficient to meet all demand The cost of holding the stock The

WHITE COLLAR CRIME Essay Example | Topics and Well Written Essays - 500 words

WHITE COLLAR CRIME - Essay Example within a corporate setting. Next, the crime is free of violence and aggression usually committed for personal benefits such as one’s economic and financial welfare and prosperity. In other words, a white collar crime could be a ‘combination’ of above mentioned factors in various instances. (Hasnas, p. 585, 2005) It should be highlighted that this crime differs from ‘state criminal law’ in a way that it does not involve physical violence or aggression that may directly damage someone else. Also, it does not about â€Å"murders, rape cases, prostitution, abduction, illicit drugs and narcotics† etc. neither it is about violation of another person’s core rights and interests or any other immoral activities. (Hasnas, p. 586, 2005) Some of the commonly observed examples of White Collar Crimes include cyber crimes (hacking, computer viruses and malwares, credit card fraud, misuse of financial information and bio data), fake bankruptcies, tax evasion through fake financial statements followed by monetary frauds with stakeholders, fake or misleading insurance covers, â€Å"antitrust law violations, healthcare issues, phone and telemarketing scams†, business and â€Å"environmental law violations, federal mail fraud, public corruption and embezzlements†, forwarding business secrets of an entity, common stock and security frauds with stockholders, â€Å"insider trading, bribery, counterfeiting, money laundering and economic spying†. (Conklin, 2007) and (Internet: Hg.com) The white collar criminal law primarily considers ‘federal mail fraud statute’ that emphasizes the fact that a person is involved in dishonest and immoral behavior when one intentionally or deliberately involved in violating code of conduct and organizational rules and regulations. In more simple words, it takes into account the fact that a person is dishonest or deceptive if does not provide services he or she has promised for in