American Fuel & Supply Company Inc. 1. A major focus of the lawsuit Chevron Chemical filed against Touche Ross was the auditing profession’s rules regarding the “subsequent discovery of facts existing at the date of the auditor’s report”. Those rules distinguish between situations in which a client cooperates with the auditor in making all necessary disclosures and situations involving uncooperative clients. Briefly summarize the differing responsibilities that auditors have in those two sets
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Pierre September 8‚ 2011 Case 5.6: American Fuel & Supply Company‚ Inc. Questions 1 Paragraph 8 of AU section 561 states the auditor responsibilities for the two sets of circumstances. “Unless the auditor’s attorney recommends a different course of action‚ the auditor should take the following steps to the extent applicable: a. Notification to the client that the auditor’s report must no longer be associated with the financial statements. b. Notification to regulatory agencies having
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File-It Supplies Inc‚ Present Situation Patsy Akaka is the marketing manager of File-It Supplies which is a file folder manufacturer that has been in business for 28 years. Other primary lines they are file markers‚ labels and indexing systems. On the other hand 40% of FIS´s file folder business is in specialized lines including oversized blue-print and engineer drawings for several high tech industries. Even though the company has a unique knowledge in the field‚ Patsy is facing a complicated
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------------------------------------------------- G R O U P C A S E 3: H O S P I T A L S U P P L Y‚ I N C Given Information: Hospital Supply‚ Inc.’s Normal Volume (in units per month) | 3‚000 | Regular Selling Price (per unit) | 4‚350 | Costs per Unit for Hydraulic Hoists | | | Unit Manufacturing Costs: | | | Variable Materials | 550 | | Variable Labor | 825 | | Variable Overhead | 420 | | Fixed Overhead
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Fossil Fuel Dependency and Americans One of the major underlying problems Americans are faced with today is what to do about the dependency on fossil fuels. Petroleum dependence is a big problem for the United States because the supply will be depleted soon if consumers continue to use it at the rate they use it now. If consumers want to keep their engines running and lights on‚ there must be a drastic change in the sources of energy supply. An issue the whole world faces today is the reliance
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Inc’s supply chain in its current state. We will examine Apple’s strategy of being consumer based and evaluate the current state of business and some of the partnerships it has formed to remain one of the dominating forces in this industry. This report will cover a brief overview of the company‚ its current assortment of products it offers‚ future opportunities and threats that Apple may face‚ its current assortment of products it offers‚ recent marketing strategies‚ competitors to the company‚ and
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Solution to Supplemental Case: Ranger Supply Company This case is simply intended to force students to think about reasons for or against international business. As with most cases‚ there are no perfect solutions‚ but there are some general conclusionsthat can be drawn.a.Some of the more obvious factors to consider are:1.Competition. There are similar distributors in Canada‚ whereas Eastern Europe may not havean organized system for the distribution of office supplies. Yet‚ some European firms (likethe
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CASE SUMMARY (PROBLEM STATEMENT) After sluggish sales growth in 1980‚ MEM Company‚ Inc. was considering ways to increase sales for the company ’s line of men ’s toiletries. Two main options surfaced; either 1) to expand distribution into food stores or 2) to introduce a new line called Cambridge. MARKET OVERVIEW The men ’s toiletries market was divided into three groups based on pricing‚ namely‚ exclusive‚ medium and mass priced category. MEM had competed primarily in the medium priced market
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KEL563 MOHANBIR SAWHNEY Lowe’s Companies‚ Inc.: Optimizing the Marketing Communications Mix In early 2009 Lowe’s Companies‚ Inc.‚ a leading home products retailer‚ launched an ambitious new project to gain customer mind share in the kitchen remodeling arena. The project‚ called the next-generation installed sales (NGIS) initiative‚ was a concerted effort by Lowe’s to expand its service offerings to become an end-to-end solution provider for customers’ kitchen remodeling projects. Brad Simpson‚
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Assignment 5 – Milwaukee Surgical Supplies‚ Inc. Vago Taylor Dr. Point Health Finance Management- HAS 525 December 11‚ 2011 Milwaukee Surgical Supplies‚ Inc.‚ sells on terms of 3/10‚ net 30. Gross sales for the year are $1‚200‚000 and the collections department estimates that 30% of the customers pay on the tenth day and take discounts‚ 40% pay on the thirtieth day‚ and remaining 30% pay‚ on average‚ 40 days after the purchase
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