2. Boston Beer showed a promising growth as a company with a dozen reps in 1989 to a company going public in 1995‚ which was considered to have made a mark in the specialty brewing business. It successfully changed the consumer preferences from cheaper beers made by large breweries to expensive specialty brewers within its niche. With their variety of crafted beer‚ Boston Beer captured a niche market and proved itself a number of times by winning numerous competitions for its best taste. It placed
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Boston Logan International Airport‚ also known as General Edward Lawrence Logan International Airport‚ is an international airport located in East Boston of Boston‚ Massachusetts. With an average of 27 million passengers a year‚ and handling 30.2 million passengers in 2013 alone‚ Boston is the 19th busiest airport within the United States. Presently‚ Boston serves as a focus city for JetBlue airways‚ a low-cost carrier‚ and a hub for a number of airlines‚ such as Delta Airlines‚ regional airline
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Question 1: What are the primary goals and tenets of SOX with respect to fraud? The Sarbanes-Oxley Act of 2002 was created to reduce financial statement fraud by two main congressmen; Senator Paul Sarbanes and Representative Michael OXLEY. The primary goal of the SOX was to fix auditing of US public companies ‚ also SOX improvement of the quality of audits in an attempt to eliminate fraud in order to protect the public’s interest‚ as well as for the protection of the investors (Donaldson‚ 2003)
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followed‚ and was also put in place to help restore confidence in the financial market. SOX-Applies only to US companies on the US exchange‚ and is an Act put in place in 2002 to mandate all publicly traded corporations to maintain adequate internal control. SOX basically make sure that all US publicly traded corporation do what is in the best interest to protect the investment of stockholders. SOX-Sarbanes-Oxley Act of 2002 is an ACT that was put in place where all publicly traded U.S. corporations
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activities by corporations in response to the scandals that were seen in the early 2000s (United States Securities and Exchange Commission 2009). This act created new standards to be followed by corporate accountability in the USA and new penalties in case a corporate agency was involved in frauds. This act came with new specifics on financial reporting responsibilities such as strict adherence to new internal procedures and controls that were formulated to ensure that all financial records were accurate
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During the time that I have lived in Boston I have seen numerous Immigrants coming from different countries looking for a new opportunities in the U.S‚ while leaving behind everything they have‚ or own in their country. Since I was a kid I always wanted to have my own company and be a “Young Entrepreneur‚” but for me it was complicated because how can a teenager do business? No one was there to teach me how to do it. One of the reasons America is known is because of the opportunities they have and
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Week 5: Sarbanes-Oxley Act (SOX) Summary ACC/291 10 June 2013 Judith Bines Introduction The Sarbanes-Oxley Act‚ also known as SOX‚ is a federal law that requires publicly traded companies to individually certify the accuracy of their financial information. The law was enacted as a reaction to corporate accounting scandals that
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REPORT ON RED BRAND CANNERS – CASE STUDY Introduction: Red Brand Canners is a medium sized company that cans and distributes a variety of fruit and vegetable products under private brands in the western states. The company makes three different tomato products including whole tomatoes‚ tomato juice and tomato paste. They also distribute Choice peach halves‚ peach nectarine and cooking apple products. As part of their discussion over the amount of tomato products to pack in a particular
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{draw:rect} {draw:rect} {draw:rect} {draw:rect} CASE STUDY REPORT RED BULL Table of Contents {text:bookmark-end} {text:bookmark-start} Executive {text:bookmark-end} summary: Additional points this paper discuses is the marketing program of Red Bull and how it depend mainly on Buzz advertising. The brand extension of Red Bull is an interesting point because it developed some products under its parent drink. Low sugar drink for example. The last point was about the advertising
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RED BRAND CANNERS On Monday‚ November 15th‚ 2004‚ Mitchell Gordon‚ Vice-President of Operations‚ asked the Controller‚ the Sales Manager‚ and the Production Manager of Red Brand Canners to meet with him to discuss the amount of tomato products to pack that season. The tomato crop‚ which had been purchased at planting‚ was beginning to arrive at the cannery. Packing operations would have to start by the following Monday because‚ after this time the fruit would begin to deteriorate. In effect this
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