out a full merchant agreement and agreed to except returned merchandise back if it was not sold by yearend. This can inflates the sales figures which will increase your assets. By Redlands not recognizing the allowance for the merchandise when the products are returned‚ this results in false reporting of assets and cash flow. If accounting records of the company are reporting false monetary‚ then the company may over extend themselves. This is poor management and can be detrimental to the company
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Case 7: Global Apparel Industry 1) How did globalization change the ‘rule of the game’ in the apparel industry? What it means for a company like Zara? Traditionally‚ national retailers outsource apparel production‚ via global brokers‚ to thousands of small apparel makers. Globalization created options for countries and companies in the apparel industry. Improving technology‚ sourcing‚ and production systems let innovative apparel makers compress cycle time. Shortening process time increases efficiencies
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Chapter 4 Case Study 1. Stakeholders: a. John Ryan – Superior Systems relationship manager – Aggressive. b. Nick – Superior Systems managing consultant – conservative. c. Sandy – Superior Systems Technical – observant. d. Sara – Superior Systems possible project manager - e. Ron Gimble – Point of contact for Capitol State Chemicals. f. Ron Newell – Capitol State’s IT operations manager. g. Kelly – Capitol State’s network technician – viewed as a project manager. h. Alex – Capitol State’s
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ELEKTRA PRODUCTS‚ INC. CASE ANALYSIS REPORT I. BACKGROUND: As to the Company: Elektra Products‚ Inc. is an 80 year old company‚ publicly held and had once been a leading manufacturer and retailer of electrical products and supplies. Challenges that have to be addressed: In recent years‚ the company experienced a host of problems as follows: declining market share due to increased foreign and domestic competition; new product ideas were few and far between; departments such as manufacturing and
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Carmen Rosa Case-4 The G family Relevant Symptoms: Larry is a 16-year-old male‚ single‚ who was referred by the juvenile court to family therapy. Larry is a teenager that is lacking from positive structure from his parents appears to be involved in gang fights‚ has been arrested three time for theft. Mr. G which is Larry’s stepfather is currently disable and is a stay home dad that take care of the house chores. Mrs. G works in a factory and have a younger daughter Heather‚ 14-year-old‚ female
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racquets sold at $90.00. The nominal gross domestic product (110 compact discs * $18.00 compact disc’s pricing for 2004) + (200 tennis racquets * $90.00 tennis racquets pricing for 2004) = 1‚980 + 18‚000 = $19‚980 gross domestic product for 2004 using 2004 prices. The real gross domestic product for 2004 is $19‚980. In 2005‚ there were 120 compact discs sold at $20.00‚ and 210 tennis racquets sold at $95.00. The nominal gross domestic product (120 compact discs * $20.00 compact disc’s pricing
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Kaitlin Tolley MGT 331 Case 4: MagRec Inc. 1. If I were the manager I would have pushed for a more moral‚ honest solution to the problem with Partco. The company should have owned up to the poor quality parts and offer to fix any damaged parts for customers. Even though it would have cost the company time and money‚ it was the right thing to do. I think that if the company were to explain the situation to Partco- with the one bad batch of parts‚ and assured them that it wouldn’t happen again and
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Case 8.1: Stalwart Industrial Products Case Summary: Stalwart Industrial Products is a manufacturer and seller of a wide variety of industrial tools that they sell to numerous resellers and end users. The company was founded in 1935 and prides itself on producing quality tools that last for a very long time. Stalwart’s national sales manager‚ Tom Beesman‚ has been well regarded as a successful leader since taking over his position three years ago that has helped to guide the sales force to
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Spain’s Telefonica Case Study 1 & 3 1. What changes in the political and economic environment allowed Telefonica to start expanding globally? In 1990 when the company privatized the company and deregulated the telecommunication market.By selling off 12 % of its holdings in the company and offering 100 million share on the market. I also found on the internet that the company expanded into the internet arena in 95 by launching InfoVia‚ even though the comapny did not completely privatize
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Gourmet Products Inc. Prepared by Asif Majarani‚ Sr. Audit manager of Majarani Associates‚ CGAs Submitted October 31‚ 20X0 Summary Our firm has been engaged with GPI for compilation engagements for the past two years. For year ending September 30‚ 20X0‚ a preparation of consolidated financial statements are required due to acquisition of foreign subsidiary on August 15‚ 20X0. This report addresses issues surrounding the preparation of the consolidated statements for Gourmet Products Inc. (GPI)
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