1. Retrieve the SEC’s complaint against ClearOne Communications (link provided on Blackboard with the case). Describe management’s alleged scheme for inflating revenue. Management’s alleged scheme for inflating revenue is that in 2001‚ when the company was not able to meet their sales and revenue goals‚ they would record sales on the books as soon as products left the warehouse. So if ClearOne shipped a lot of products during the last week of the quarter (or swept the floor as they call it)‚ they
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2-40 Strategic positioning The emphasis in the case info on the product quality and craftsmanship‚ is the best described as differentiation on the quality of the product. In contrast‚ the company is more likely to succeed if it can continue to appeal to those customers looking for up-scale‚ higher quality table lamps and lighting fixtures. When using differentiation as the Company’s strategy‚ it becomes clear that maintaining the Classic line is critical to the company’s success. Thus‚ elimination
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ALL ANSWERS ASSUME A TAX RATE OF 35% Even though the tax rate appears to be 1720 / 6725 = 25.57% In answering the following questions‚ please refer to the financial statements of Caterpillar Inc. (CAT) and the relevant Notes to these statements at the end of this write-up. 1. What could be the cause(s) for the shift in LIFO-based inventory from 70% at December 31‚ 2010 to 65% at December 31‚ 2011? A decrease in the replacement cost for Cat’s inventories‚ or an increase
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A. What is an account receivable? What other names does it go by? Accounts receivable are amounts owed by customers on account. They result from the sale of goods and services on credit. These receivables are generally expected to be collected within 30 to 60 days. They are typically the most significant type of claim held by a company. Accounts receivable and notes receivable resulting from sales are also known as trade receivables. Accounts receivable resulting from sales are referred to
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FAR 600 TUTORIAL 4 BACC 8G GROUP MEMBERS: NUR AIN BT ABU BAKAR NUR LIYANA BT MOHD ZAINI AKMA NUR AMANINA BT ZAKARIA MADIHAH BT ABU THARIM DATE OF SUBMISSION: 5 APRIL 2013 PREPARED FOR: MADAM AFIDAH BT SAPARI QUESTION 5 How principal in the agency relationship protects again the opportunistic behavior of the agent and the agent’s response to this. There are two costs that will be implemented by the principal towards the opportunistic agent behavior. First is monitoring cost which
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1.Introduction This case study involves the overview and financial analysis of two major telecommunications companies in the world. The two companies are compared based on their financial performance for the last two years by analyzing their income and balance sheet statements. Financial ratios are also calculated to see which company has better profitability‚ liquidity and solvency. 1.1.Aims and Objectives 1. Carry out research on two major companies in the telecommunications market
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Memorandum To: Sharon Sonneborn From: Date: 9/9/2012 Re: Potential Acquisition of Garmin Ltd. And Subsidiaries Garmin Ltd is under consideration for acquisition by Mega Industries. As a result‚ an assessment of Microline’s financial condition and assessment is necessary to evaluate the company as a suitable candidate. Our team has prepared a memo stating Microline’s earning power potential ‚ solvency position‚ and to which extent the companies financial statements reflect the true
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Free Cash Flow = Operating Cashflow - Capital Expenditures = Net Income + Depreciation & Amortization - Changes in Workin GMCR PEET CARIBOU 22.3 8.4 -30.7 18.3 12.9 34.4 -48.3 -1.1 7.9 79.2 38.3 -10.2 30.9 37.2 -2.3 152.1 63.2 26.6 72.9 24.9 36.8 87.9 59.3 29.9 57 22.1 32.2 48.7 30.8 17.2 40.2 -8.4 -21.4 Net Income Depreciation & Amortization Changes in Working Capital Working Capital - Latest Working Capital - Prior Year Current Assets - Latest Current Liabilities - Latest Current Assets - Prior
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Management accounting systems Case Analysis: HSBC Bank Student Name: Course: Academic Year: Module: Date of Submission: Executive Summary Management accounting over the years has really emerged very significantly in the field of banking and finance. There are numerous objectives and significance that has been reflected in numerous literatures mentioning the primary strategic and management significance management accounting has brought to the table in the field of international finance. As
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Case Study 9 Kim Chau California Southern University MKT 86519 Dec 19‚ 2014 N. Papazian Accounting for Enron Introduction In the case of Accounting for Enron‚ the case concerned one of the largest corporate bankruptcies in the US history at the turn of the 21st century. It was Enron Corporation‚ a one time seventh largest most successful US company‚ sixth largest energy company in the world‚ valued at over $70 Billion; they filed for chapter 11 on December 2‚ 2001. Just the year before‚ Enron
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