Trident University International ACC501: Introduction to Financial Accounting Module 1 Case Assignment For investors to objectively analyze and rate companies they need to have access to certain financial information in order to make informed business decisions. Key financial figures such as Statement of Income‚ Balance Sheet Statements‚ and Cash Flow Statements are used to make these comparisons. To ensure that companies are reporting the same financial information several accounting and
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reliability with the product coming from China and increasing shipping times. Compare the assembly line in China to that in San Francisco along with the following dimensions: (1) volume or rate of production (2) required skill of the workers (3) level of automation (4) amount of raw materials and finished goods inventory. The case doesn’t give a lot of information on this‚ but I would assume the volume and rate of production in San Francisco would be lower than
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2015 COMPANY OVERVIEW Jim Sinegal‚ co-founder and CEO of Costco Wholesale that was founded in 1983 has been able to completely driving the company in its 29-year as the American giant retailer. Costco Wholesale‚ a first ever U.S company to reach $1 billion in sales less than six years‚ had a total of 598 warehouses in 40 states and Puerto Rico (433 locations)‚ Canada (82 locations)‚ the United Kingdom (22 locations)‚ east Asia (26 locations‚ some trough a 55 percent-owned subsidiary)‚ Australia
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1 Opportunity Knocks 2 Case Study 1 Opportunity Knocks Perhaps the focus of the presentation and discussion was the development of a new federal legislative package that would provide funding for a new regional highway projects. The president‚ Harry O. Growbaker‚ of the HOG Inc. feels that with the company ’s participation we could present a positive view of the economic impact of such stimulus spending in central Pennsylvania. Terry‚ the vice president of HOG Inc. has asked that staff
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Case 2-1 Cynthia Cooper and WorldCom Cynthia Cooper details her trials and tribulations about her experiences at WorldCom in the book Extraordinary Circumstances: The Journey of a Corporate Whistleblower. The following excerpts from the book describe the actions she took to uncover the fraud at WorldCom and reactions of key players in the accounting department‚ top management‚ the audit committee and the external auditors. Cooper was first alerted to the fact that there may have been a problem
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Li-Hsien Chen 09/16/12 Case Study 1 The Springfield Nor’ easters : Maximizing Revenues in the Minor League 1. Critically analyze the research undertaken by Larry Buckingham‚ Nor’ easters Marketing Director. Discuss if you feel the objectives‚ questions asked‚ sample chosen‚ and method utilized were appropriated and why they were or were not. What type of questions would you have added to the survey and why? 2. ------------------------------------------------- What do you consider
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Ratios and Financial Planning at East Coast Yachts 1. Current Ratio= Current Assets/Current Liabilities = 17‚582‚000/23‚689‚300 = 0.74 Quick Ratio = (Current Assets – Inventories)/Current Liabilities =(17‚582‚0007‚363‚700)/23‚689‚300 =0.43 Total Asset Turnover = Sales/Total Assets =234‚‚300‚000/130‚338‚900 =1.8 Inventory Turnover = Cost of Goods Sold/Inventory =165‚074‚000/7‚363‚700 =22.41 Receivables Turnover = Sales/Accounts Receivable =234‚300‚000/6‚567‚600 =35.68 Total Deb
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1. Describe the internal labor market of the company in terms of job stability (staying in the same job)‚ promotion paths and rates‚ transfer paths and rates‚ demotion paths and rates‚ and turnover (exit) rates. ANSWER: Sales Department (Full-time) 50% of the sales department stayed the same it was no changes 10% of the full-time transferred to a part-time position 5% of the full-time was promoted to an Assistant Sales Manager 0% of the full-time was promoted to Regional
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1. Describe the situation of the Lehman brothers from an ethics perspective. What’s your opinion of what happened here? Lehman’ executives exploiting loopholes in the accounting standards to manipulate their balance sheet in order to mislead the investing public is the ethical issue that contributed to the company’s collapse. Lehman was able to clear vast amounts of unprofitable assets off of its balance sheet instead of selling them at a loss by using Repo 105. There was evidence that the chief
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knowing what may happen. The pre-frontal cortex located in the front part of the brain‚ just behind the forehead is crucial for humans. It is where all of the planning‚ prioritizing and reflecting are ruled. (Berger‚ 2011‚ pg. 215) The little boy in the case study could not cognitively reason that someone may get hurt and forever change a family’s life. The capacity to understand the effects of a peer being killed is not developed like an adult. He will not reflect that the deceased child’s parents will
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