Case 3.5 Goodner Bothers Inc. 1. Internal controls should have included these controls; -Adequate security for the inventory -Better periodic verification of inventory -Segregated duties when it comes to inventory -Proper supervision for sales transactions and the procedures that they employ to record them -Proper authorization by management for inventory transactions 2. Internal control weaknesses - Lack of segregation of duties involving sales and recording -Security controls over
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Is a company’s brand the key contributor to growth opportunities? This is definitely the case for Chick-fil-A Inc. Headquartered in Atlanta Ga‚ the organization’s clever cow “Eat Mor Chikin” ads have taken the industry by storm. The capital "A" in the name represents top quality‚ "Grade A" service. In fact‚ whenever a new Chick-fil-A restaurant opens‚ the first 100 customers receive “a year’s worth” chicken sandwich meals. Oddly‚ what sets the organization apart from their competitors are the
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10 secrets of the Vatican exposed by David Goldenberg 1. Regular exorcise! Baudelaire once said that "the greatest trick the devil ever pulled was convincing the world he doesn’t exist." But in modern-day Vatican City‚ the devil is considered alive and well. The late Pope John Paul II personally performed three exorcisms during his reign‚ and Pope Benedict XVI expanded the ranks of Catholic-sponsored exorcists throughout the world. In fact‚ Father Gabriele Amorth‚ the Church’s chief exorcist‚ claims
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Management Control Homework 2 Azizi Nabil Le 10/01/2014 Houston Fearless 76 Inc 1. Why are Houston Fearless 76‚ Inc. (HF76) managers unhappy with the company’s existing sales incentive plan? Are weaknesses in this plan a major cause of the company’s performance problems? We see on the text that the CEO is unhappy about some problems in the company. We see in the text in the first page that the CEO isn’t happy about the sale ‚ we see that the company need revenue
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MOCK PAPER 1. Solve the inequality . (3) 2. Find . (4) 3. Find the value of (a) ‚ (b) ‚ (c) . (1) (2) (1) 4. A sequence is defined by ‚ where k is a constant. (a) Write down an expression for a2 in terms of k. (1) (b) Find a3 in terms of k‚ simplifying your answer. (2) Given that a3 = 13‚ (c) find the value of k. (2) 5. (a) Show that eliminating y from the equations 2x + y = 8‚ 3x2 + xy = 1 produces the equation x2 + 8x - 1 = 0.
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goals for the business as well as how these goals can be achieved. Financial planning on the other hand is concerned with management of finances and how such planning can help in meeting the business needs (McKenna‚ 2015). The update of Foot Locker Inc.’s strategic framework‚ there are changes expected to go along with these changes. It is important to note that there is a direct link
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Company Bio Enager Industries Inc. is a young company whose growth was profound up to 1993 when it amassed sales over $222 Million. This company is comprised of three main divisions that are all considered to be independent from one another. The first and oldest division of the company is the Consumer Products Division which designs‚ manufactures‚ and markets a variety of kitchenware. The Industrial Products Division focuses its efforts on creating machinery that is uniquely and specifically designed
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Case 10-7: Impaired Abilities Scenario A: According to ASC 360-10-20‚ “an impairment is the condition that exists when the carrying amount of a long-lived asset (asset group) exceeds its fair value”. In order to determine if the impairment exist in the case‚ we will have to compare the carrying amount with the fair value of the assets. In regards to the municipal bounds‚ its amortized cost‚ $8‚500‚000 exceeds its fair value‚ $7‚500‚000. And corporate bonds’ amortized cost‚ $8‚300‚000 also exceeds
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ANTONIO‚ PAUL ERIC G. 03 JUNE 2012 BUSINESS POLICY Case Study Analysis: Nike‚ Inc. Executive Summary Nike‚ Inc. has had three years of shifts of revenue and profit increases. During the case years studied (1999-2001)‚ the net income in 2001 for Nike‚ Inc. (589.7M) increased by only 1.8% over 2000. Increases from 1999-2000 were much more significant 28.3% (579.1M). For the year 2001‚ revenues at Nike increased by 5.5% over 2000 to 9.489B. Since 1997‚ the company’s success include
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Apple Inc. Case Report Carlos Castro Luis Guzman Zuchytil Padilla Sergio Smith I. COMPANY BACKGROUND Apple INC‚ was founded on April 1‚1976 in a garage by Steve Jobs‚ Steve Wozniak‚ and Ronald Wayne. ‘The young entrepreneurs brought different strength to their fledgling company. Jobs had a flair for conceptualizing products‚ while Wozniak had the technical know-how to make them happened” (Washington Post Economy‚ 2012). At first‚ they only focused on personal computers but are now stationed
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