Question 1 DEF Ltd was incorporated on January 2011 and was floated on the ASX in March 2011, having raised $20 million from investors. The company is primarily involved in mining and exploration activities in the Pilbara region of Western Australia. DEF Ltd have four directors: Apollo, Rocky, Drago and Clubber. Both Apollo and Rocky are executive directors. Rocky is the company’s chief executive officer. Clubber is the company’s chair. Drago is the company’s chief financial officer. The company began exploration activities in July 2011. After drilling a number of sites, a geological survey was commissioned and the results from the mine wells were tested. The results from the survey reveal that the mining site has low levels of gold deposits and is considered to be uncommercial. The company has already spent $5 million. At a recent meeting, the board considers whether to abandon its mining activities and return the company’s remaining capital back to its shareholders. Both Apollo and Rocky are eternal optimists and never know when to quit. They both argue that the company is on the verge of a major discovery and should continue with its exploration activities. Clubber and Drago are less optimistic and suggest that the company’s remaining capital should be returned back to investors. To avoid another heated confrontation, they agree with Rocky and Apollo that the company should continue with its drilling program. At the completion of the drilling activities in 2012, all of the company’s capital has been exhausted and there have been no major discoveries.

(a) Have Apollo and Rocky breached their directors’ duties?

(b) Do Apollo and Rocky have an arguable defence?

(c) Has Clubber, as the company’s chair, breached any duties?

(d) Advise whether Drago, as the company’s chief financial officer, breached any duties.

Question 2 Citrus Ltd, a gold mining company listed on the ASX, is currently the subject of a hostile takeover from Anglo Brit Ltd. Prior to Anglo Brit’s announcement, the market capitalisation of Citrus Ltd is currently $100 million and its pre-takeover share price is $1.00. Anglo Brit has offered $1.20 per share for Citrus, representing a 20% premium. The directors of Citrus Ltd devise an ingenious plan to defeat the takeover. The board manages to convince one of its directors, Mr Lang, to be provided with an interest-free loan worth $20 million. The loan was for the purpose of purchasing shares in Citrus Ltd in order to push up the company’s share price. This will mean that Anglo Brit will have to offer more to the Citrus shareholders if they are to successfully take over the company.

(a) Have the directors of Citrus Ltd breached their directors’ duties (in particular duty to act for good faith in the best interests of the company and for a proper purpose) in relation to the loan that has been advanced to Lang?

(b) Can Anglo Brit Ltd take legal action against Citrus Ltd in relation to the latter’s conduct and tactics concerning the hostile takeover?

 

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***Due tomorrow***

 

In about 200 words respond to the following

 

As with the pathways for visual processing, auditory processing is a complex process in the brain involving different brain systems.  Some split brain patients exhibit a behavior of seeing with their ears.  How might one respond to this concept?

• Posted: 4 years ago
• Due: 11/09/2015
• Budget: $5

 

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Assessment 1

Assessment Type: Individual Assessment – Communication Diary 1,500 words

Purpose: This assessment builds your oral and written communication skills and gives you real life understanding of the challenges and rewards of effective communication. This relates to learning outcome a, b.

Value: 25% Due Date: Friday Week 4 by 5 pm

Submission: Soft copy uploaded to Moodle and Turnitin – Word .doc or .docx. Topic: Communication DiaryTask details: At work, and personally, we are bombarded with business related messages on a daily basis. These messages come from a range of people/companies and may be through any number of formats including radio, television, email, telephone/mobile, computer, face to face meetings or even hand-written notes. They may be communicated to everyone, everyone at work, people in your team or just to you.Some of these messages are memorable (for the right/wrong reasons) and others are not. QuestionsFor this assignment you are required to keep a diary for four different types of work/personal and/or study related communications you received.

1. Submit a record of the communications you received in a word table, using the below headings as a guide:

(a) Date(b) Mode (e.g. radio, phone, email, tv)(c) Type (e.g. advertisement, payment request and donor collection)(d) Style (e.g. humorous, friendly, apologetic)(e) Effective (i.e. yes/no)(f) Why/why not effective (free text)

2. Choose two of these communications that you feel were well constructed or were able to get the message across and analyse why this was the case.

3. Choose two of these communications that you feel were poorly constructed or did not get the message across and analyse why this was the case.

4. Using your knowledge of theory taught in class, suggest methods that could improve the poorly constructed communications.

While writing the assignment consider factors such as:

o Communication processo Nonverbal communicationo Interpersonal componentso Intercultural componentso Choice of mediao Timelinesso Who, why, when and how it was communicated and the audience it was communicated to Assignment Format:Assignment Format: A title page – Individual KOI cover sheet, signed. No Abstract or Executive Summary is required. A table of contents page is required. This report should have a heading and two or more sub headings for each topic. The written text should be right and left justified and double spaced throughout. Please use a single column format.

A minimum of seven scholarly references in the Harvard Anglia style are required in order to pass this assessment. However, for a high mark, you will need to use many more scholarly references. Only one Internet (www) resources will be allowed. It is very important that you assess the internet resource used for credibility.

Single spaced, font Times New Roman 12pt, Calibri 11pt or Arial 10pt. You are encouraged to use headings and sub-headings along with the use of a table in this assignment. Assessment 1

Assessment Type: Individual Assessment – Communication Diary 1,500 words

Purpose: This assessment builds your oral and written communication skills and gives you real life understanding of the challenges and rewards of effective communication. This relates to learning outcome a, b.

Value: 25% Due Date: Friday Week 4 by 5 pm

Submission: Soft copy uploaded to Moodle and Turnitin – Word .doc or .docx. Topic: Communication DiaryTask details: At work, and personally, we are bombarded with business related messages on a daily basis. These messages come from a range of people/companies and may be through any number of formats including radio, television, email, telephone/mobile, computer, face to face meetings or even hand-written notes. They may be communicated to everyone, everyone at work, people in your team or just to you.Some of these messages are memorable (for the right/wrong reasons) and others are not. QuestionsFor this assignment you are required to keep a diary for four different types of work/personal and/or study related communications you received.

1. Submit a record of the communications you received in a word table, using the below headings as a guide:

(a) Date(b) Mode (e.g. radio, phone, email, tv)(c) Type (e.g. advertisement, payment request and donor collection)(d) Style (e.g. humorous, friendly, apologetic)(e) Effective (i.e. yes/no)(f) Why/why not effective (free text)

2. Choose two of these communications that you feel were well constructed or were able to get the message across and analyse why this was the case.

3. Choose two of these communications that you feel were poorly constructed or did not get the message across and analyse why this was the case.

4. Using your knowledge of theory taught in class, suggest methods that could improve the poorly constructed communications.

While writing the assignment consider factors such as:

o Communication processo Nonverbal communicationo Interpersonal componentso Intercultural componentso Choice of mediao Timelinesso Who, why, when and how it was communicated and the audience it was communicated to Assignment Format:Assignment Format: A title page – Individual KOI cover sheet, signed. No Abstract or Executive Summary is required. A table of contents page is required. This report should have a heading and two or more sub headings for each topic. The written text should be right and left justified and double spaced throughout. Please use a single column format.

A minimum of seven scholarly references in the Harvard Anglia style are required in order to pass this assessment. However, for a high mark, you will need to use many more scholarly references. Only one Internet (www) resources will be allowed. It is very important that you assess the internet resource used for credibility.

Single spaced, font Times New Roman 12pt, Calibri 11pt or Arial 10pt. You are encouraged to use headings and sub-headings along with the use of a table in this assignment.

 

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For which of these taxpayer scenarios do you need to prepare aSchedule C? Kathleen has a Form W-2G showing $15,000 in winnings fromplaying blackjack. She has records showing she spent $20,000playing blackjack. Ally has a Form 1099-MISC showing $1,000 in box 3 for winning aneighborhood fundraising raffle. She bought six raffle tickets for$5. William sold his car to his neighbor for $2,500 cash. He boughtthe car ten years ago for $21,000. Donna has a Form 1099-MISC showing $800 in box 7 as compensationfor distributing product samples at neighborhood festivals. Sheincurred no expenses. . . .

 

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