Case 5.3 The North Face‚ Inc 1 Auditors should not insist that their clients accept all proposed audit adjustments even those that have an “immaterial” effect on the given set of financial statements. Because “immaterial” effect on the financial statements will not affect the users’ decisions. Therefore‚ auditors have to confirm if the effects on the financial statements are really “immaterial”. If there are really “immaterial”‚ sometimes the auditor would be forced by the clients to ignore it
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Case Study 1 (Part A) P2-69B (Learning Objectives 4‚ 5‚ 6: Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operations‚ Johnson Plumbing‚ Inc.‚ completed the following transactions: Mar 2 Johnson received $35‚000 cash and issued common stock to the stockholders. 3 Purchased supplies‚ $200‚ and equipment‚ $3‚200‚ on account. 4 Performed services for a client and received cash
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LIVENT‚ INC.: An Instructional Case Michael C. Knapp Professor University of Oklahoma Price College of Business 307 W. Brooks Norman‚ Oklahoma 73019 Office phone: 405-325-5784 mknapp@ou.edu Carol A. Knapp Visiting Associate Professor University of Oklahoma Price College of Business 307 W. Brooks Norman‚ Oklahoma 73019 ABSTRACT: Like many financial frauds‚ the Livent‚ Inc. fraud was masterminded by a few individuals‚ primarily Garth Drabinsky‚ a Broadway “impresario” who had received
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Analysis Of Load Distribution On a scissor Jack Gabriel Chong‚ Paul Stegner‚ Chris Yorgey Department of Physics and Engineering Elizabethtown College‚ Elizabethtown‚ PA Email: chongg@etown.edu‚ stegnerp@etown.edu‚ yorgeyc@etown.edu INTRODUCTION In this discussion we will introduce our critical analysis of the load distribution on a scissor jack. It has been specified that this jack is to hold a load of 100 lbs on the top plate‚ with the jack height set to 7 inches. Our analysis will
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ABC Inc. Date: January 11th‚ 2015 Prepared by: Reviewed by: Professor ISSUE: Accounting for ABC’s tenant improvements and lease incentive obligations under the lease agreement with Landlord LLC (the “Landlord”). BRIEF BACKGROUND OF COMPANY ABC Inc. was founded in 2007 and is headquartered in San Francisco. Revenues and net income for 2010 are $500 million and $80 million‚ respectively. In September 2010‚ ABC Inc. (“ABC” or the “Company”) entered into an agreement with Landlord LLC (the
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encourage impressive modifications and also to reward contributors‚ Nicalis‚ Inc. could donate small amounts of money to the top rated mods. On the workshop‚ there are nine mods displayed per page unless otherwise altered‚ which allows the page to hold up to thirty mods at a time. These positions can change at any time depending on community preference. For each week that a mod stays in the top nine subscribed‚ Nicalis‚ Inc. could pay a certain amount to the community developers through their Steam
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I. Brief Background of the Case August Scientific Instruments‚ Inc. (ASI‚ Inc.) is a small private company which specializes in the manufacturing of miniature electromechanical components. It is located on a small but progressive town wherein a Technical Education Institute is also based. At first‚ the company underwent several problems and setbacks and was able to grow steadily and expand its operations until in 1958; it was able to acquire additional investments‚ substantial monthly sales and
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Case Study #2 FHE Inc. Operations Management FHE is a multimillion-dollar company that manufactures pumps and related fluid-handling equipment. The manufactured equipment transfers various types of liquids‚ from paint to food products. These pump are used by automobile and appliance industries‚ allowing performance in vehicle servicing and home construction‚ to name a few. Over the past five years‚ sales and profits have increased as a result of new product introductions. The organizational
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five years. In Asia Pacific & Latin America‚ branded shoes will grow 9-11% in the first five years and 7-9% the last five years. Private label is expected to grow 10% universally in the first five years and 8.5% during the next four years vary up to 2% due to competition levels. Your company can produce 6 million pairs of shoes during normal time and an additional 1.2 million if overtime is used. Shoes shipped from factories to distribution centers are subject to tariffs (according to region) and
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1.0 Introduction Apple was founded in 1976. It is a relatively young company; a company with its own unique philosophy as to the way things ought to be. Apple exerts significant creative influence on the technology industry. Today‚ the company has three major products: Mac computers‚ iPod music players‚ and the iPhone. In addition to these offerings‚ the company also offers operating systems‚ developer tools‚ and database software. Apple’s recent success in the marketplace is founded on a philosophy
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