I. Background/Issues and Concern Rosemary Worth was talking about the consequences of a theft that had recently occurred at the business she owned‚ Private Fitness‚ LLC. Private Fitness is a small health club located in Rancho Palos Verdes‚ California‚ an upscale community located in the Los Angeles Area. As manager of the business‚ Rosemary hired Kate Hoffman‚ one of the instructors and a long-time friend. Kate’s primary tasks included marketing‚ facility upkeep‚ scheduling of appointments‚
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SUMMARY Private Fitness LLC is a small health club located in Rancho Palos Verdes‚ California‚ an upscale community located in the Los Angeles area. The club offers personal fitness training and fitness classes of various types including aerobics‚ spinning‚ body sculpting‚ air boxing‚ kickboxing‚ hip hop‚ step and pump‚ dynamic stretch‚ Pilates‚ and yoga. The following services and fees per hour are collected by Private Fitness LLC: With personal trainers/instructors Private Fitness LLC is owned
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What should Rosemary do? Rosemary has several steps that she needs to take to ensure that she is protecting her business. It is very surprising to know that as a brand new business owner Rosemary would have limited availability for her new business venture. Rosemary has to find more time to be hands on in the early stages to ensure that she does have the proper checks and balances in place. The hiring of a friend or a family member can often bring issues of self-entitlement‚ or that they
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Six months ago‚ Rosemary Worth established Private Fitness‚ Inc in Rancho Palos Verdes‚ California. Her experience as an aerobics instructor and notoriety as a US Fitness model were the perfect tools for building a business. The facilities were paid for through personal savings and a bank loan. Rosemary used $150‚000 of the funds to renovate the facilities and purchase equipment. Five rooms were created; two locker rooms‚ an office‚ a weight room containing free weights and machines‚ and an aerobics
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BBUS 425 Advanced Management Accounting | Case 1: Private Fitness‚ Inc. | Analysis of existing management and operation issues | Yunlong TangYen Hao ChaoInstructor: Tony BellSep 16‚ 2012 | MEMORANDUM DATE: Sep 16‚ 2012 TO: Rosemary Worth‚ the owner of Private Fitness‚ Inc. FROM: Yen Hao Chao and Yunlong Tang ------------------------------------------------- RE: Analysis of existing management and operation issues It’s a pleasure that we have a chance to review your company’s existing
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Assignment 1-3 Read and analyze the Private Fitness‚ Inc. case in Management Control Systems. Write a 2- to 3-page paper that addressing the following. Follow APA guidelines for citations and format for your paper. a. Summarizes the case and provide background information. b. Describes a solution to Rosemary Worth’s control problem that emphasizes: 1. Results controls 2. Action controls 3. Personnel/cultural controls c. Makes a recommendation. d. Explains why
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Proposal Synergy LLC COMPANY Profile Synergy LLC is a company that for a decade has been delivering quality‚ vibrant and cost effective web design solutions for its clients....being major corporations or small businesses. Our web design expertise has expanded to cover all major styles and all work is guaranteed 100% that you love the initial design before going live or we do it again. Our Middle East operations over the years have naturally evolved to master web design delivering perfect
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Fischer SS 2011 Lecture 12: ARCH and GARCH Models 1 2 3 Models of Changing Volatility 12.2 Let‚ the innovation‚ ηt+1 ‚ in an asset return be defined as having mean 2 zero and conditional on time t information. We define σt to be the time t 2 conditional variance of ηt+1 or the conditional expectation of ηt+1 . We assume the conditional on time t information‚ the innovation is normally distributed: 2 ηt+1 ∼ N (0‚ σt ) (1) The unconditional variance of the innovation‚ σ 2 ‚ is
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Rosemary Salmon in Mediterranean Style Serving size: 1 serving Servings per recipe: 3 Calories: 282 per serving Preparation Time: 5 minutes Cooking Time: 15 minutes Ingredients: 1. Salmon – 1 lb.‚ frozen 2. Fresh asparagus – 10 oz. 3. Fresh rosemary – 1 sprig 4. Cherry tomatoes – ½ cup‚ halved 5. Olive oil – 1 tablespoon 6. Lemon juice – 1 tablespoon (Optional) 7. Salt to taste 8. Pepper to taste Nutrition Information: 1. Total fat: 14 g 2. Carbohydrate: 5 g 3. Fiber: 2 g 4. Sugar: 2 g 5. Protein:
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1.) Currently Teletech Corporation uses 9.30% as their hurdle rate and satisfied with the intellectual relevance of a hurdle rate as an expression of the opportunity cost of money by the managers. As a result the firm’s share prices are inactive. Their price-to-earnings ratio is also below investor’s expectation in comparison to the company’s risk. The relationship between risk and return is important to take into consideration. The constant hurdle rate results in a flat line and doesn’t correlate
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