Business Finance
Write the answers for the questions in attachment. (Each answer should have 250 words)

Question Description

Please find the following attachment. Just answer the question with 250 words and provide the references.

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1. List any experiences you have had with the law. Include lawsuits to which you were a party, lawsuits your employer has been involved in that you had some connection to, and whether you have been a jury member or have some other expertise with legal issues. If you wish to keep any of your legal experiences private, please don't feel compelled to disclose them here. 2. Post your expectations and goals for this course. Share any concerns you have about the course. (Course name was Legal environment for managers. Please write expectations something related to law). 3. The balance sheet, the income statement, and the cash flow statement each serve a different function, yet they work in harmony with one another. Give a concrete example of when each of these three statements is needed and for what purpose. Who (i.e. bankers, investors, business owners, etc.) is most interested in each of these statements and why? How can non-financial managers use the statements to better manage people and resources? 4. Using a trade journal from your chosen industry, illuminate a recent financial problem facing a company in that industry. Look at the big picture, rather than just the shortage of funds or the overextension of credit. Why is this particular financial problem you chose typical or atypical of your industry? What kind of tools and resources will the company with the financial problem need in order to solve the problem? (Hint: solving the problem doesn’t just mean getting money from somewhere. It means finding a solution so that the problem doesn’t present itself again regularly.) Please provide the full APA reference at the bottom of your post. ...
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Institutional Affiliation



Answer 1
A lawsuit is a dispute or claim that has been brought to a court of law against an
individual or an organization in where the aggrieved person seeks justice or compensation. In
this case, I will discuss my employer NK. The company was involved in a lawsuit in 2016
whereby the company was sued for selling expired products to clients without considering that
the products may seriously harm the users. The products sold were medicines which were three
days past the expiry date. The matter became an issue of concern and therefore prompted a legal
battle against our company (Cheeseman, & Garvey, (2014). I have been the assistant accountant
in this firm for the past two years and coming to terms with the legal process was one way to
learn of how employers manage the legal processes to avoid negative effects of the company’s
image and the total sales volume. Defending the image of the company was the most critical
point while at the same time the company was going through the legal battle. The company’s
lawyer who was in charge of the defense team and as an employee of the firm I had an
opportunity to understand preparations made in line with legal matters. In order to prepare for the
case reviewed the discloser. Obtaining relevant information regarding the case through resear...

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