Case 23-2: Industrial Electronics Inc. Issue: Evaluate the proposed bonus system. Background: “My division had another great year last year. We all worked hard‚ and the results were there. But again we got no reward for our hard work. It’s very frustrating.” Division Manager. KSF • Innovation. • Good cost control due to price competition. Internal Environment • Industrial Electronics Inc. sells a wide range of electronic equipment. (Like EVERY other case!!!) • $8 Billion in sales
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If there was a reckless misrepresentation and lack of due diligence in verifying accuracy of financial information that is free of material misstatements‚ that alone would give me a reason to sue the auditors. B) Negligence as it is used in legal cases involving independence auditor is defined as “failure to conduct an audit with due professional care in the performance of work” C) The primary difference between negligence and fraud is fraud is the intentional concealment or misstatement of information
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Case Analysis----Optical Distortions‚ Inc. MKT6301 MARKETING MANAGEMENT 2012 FALL Group Members: Mina Ai Wenxin Gao Shuyue Jia Yang Pan Yiou Zhou Expected Value to Famers Reduced cost due to feed (For 1/2 feet) Cost per pound: 158/2000=0.079 $/pound Saving per year per bird: 156/20000*1/2*0.079*365=$0.1125 Saving on egg production Loss one egg 5 months: loss of egg per hen a year is 2.4 Cost per dozen: $0.50 Saving per hen per year: 0.50*2.4/12=$0.099 Reduced
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For Sky Fighters Inc‚ I would compare the costs and prices of my services‚ taking into account the costs of other offices like mine. We all know that the price is the sum of cost and profit. Therefore the forecast of the price depends on the price comparison of competition‚ considering that this company offers a similar service like mine. All business involves two types of costs: fixed costs and variable costs‚ so it is important to distinguish between reasonable‚ allowable‚ and allocable costs
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Apple Inc. 2010 Case Study Case Summary: Steve Jobs and Steve Wazniak started Apple over 30 years ago. Over that time span‚ Steve jobs was fired from Apple and rehired. It was essentially Jobs that save apple with superb vision and creative innovations. The first innovation was like a fashion statement. The iMac was an innovation that put 2 products into one. The desktop was built into the screen. Then‚ Jobs tackled the world of portable music by inventing the iPod. He shortly followed
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Markets by “Peter Lattman” Wall Street Journal Nov 7‚ 2006 (C1-C5). The case of Le Nature Inc was an indication of the fragility of the debt markets. On Tuesday November 7‚ 2006 in its section “Money & Investing” Wall street Journal reported the collapse of Le Nature Inc. Founded in 1989 by “Gregory Podlucky” this closely held beverage company specialized in producing and selling drinks: flavored water‚ vitamin juice. Le Nature Inc went to bankruptcy under the allegations of financial wrongdoing such
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Case 1: Acclaim Entertainment Capital Budgeting: Multiple Projects with Unequal Lives Acclaim Entertainment‚ Inc. is a mass marketer of interactive entertainment software whose games can be played on such well known video game systems as Nintendo and Sega. Some of their more successful games include Mortal Kombat I and II‚ NBA Jam I and II‚ Maximum Carnage‚ Virtual Bart (Simpson)‚ and NFL Quarterback. Acclaim has also obtained licenses from True Lies‚ Batman Forever‚ and Spiderman. The interactive
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CHAPTER 5: ACCOUNTING FOR GENERAL CAPITAL ASSETS AND CAPITAL PROJECTS OUTLINE Number Topic Type/Task Status (re: 13/e) Questions: 5-1 Distinguishing general capital assets from fund capital assets Describe New 5-2 Capital asset disclosures Explain New 5-3 Modified approach for infrastructure Describe New 5-4 Capital lease accounting Describe 5-8 revised 5-5 Asset impairment Explain New 5-6 Use of capital projects funds Explain 5-4 revised 5-7 Encumbrances Explain Same 5-8 Construction
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Sean Russi The Case of Phar-Mor Inc ACCT-525 October 31‚ 2012 Case Summary The case of Phar-Mor Inc was one of the biggest pre-Enron frauds that have been uncovered. Phar-Mor Inc established in 1982 Phar-Mor was a small little known discount drugstore. Phar-Mor became well known for offering medications at a 25-40% discount rate compared to your normal pharmacy store prices. Phar-Mor’s first six years of existence seemingly were
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Table of Contents Executive Summary 4 1. Introduction 5 2. Strategic analysis 6 2.1 External analysis 6 2.1.1 PESTEL analysis 6 2.1.2 Porter’s Five 5 Forces and Government model analysis 8 2.1.3 Turbulence Model 9 2.2 Internal Analysis 9 3. Strategic directions and strategic objectives 10 3.1 Mission 10 3.2 Strategic objective 11 3.2.1 The financial objective of Nike 11 3.2.2 The non-financial objective of Nike 11 4. Key broad business-level and international strategies
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