LJB Company: Internal Controls LJB Company: Internal Controls Contents Introduction 3 Internal Control Requirements 2 Strengths and Recommendations 2 Violations 3 Conclusion 4 Works Cited 4 Introduction LJB Company has asked the accounting firm to evaluate their system of internal controls because of the plan to go public in the near future. The president wants to be aware of any new regulations required of his company if they go public. The current system of internal controls
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Without the write-off‚ EPS for the company would have been 1.97. Last year‚ Ragan had an EPS of 5.08 and paid a dividend to Carrington and Genevieve of 320‚000 each. The company also had a return on equity of 25 percent. Larissa tells Dan that required return for Ragan of 20 percent is appropriate. 1. Assuming the company continues its current growth rate‚ what is the value per share of the company’s stock? Solution: The total dividend paid by the company was $640‚000. Since there are 150‚000
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shares. 68 (2) Conditions for Buy back No company shall purchase its own shares or other specified securities under sub-section (1)‚ unless— (a) the buy-back is authorised by its articles; (b) a special resolution has been passed at a general meeting of the company authorising the buy-back: Clause (b) not apply to a case where— (i) the buy-back is‚ ten per cent. or less of the total paid-up equity capital and free reserves of the company; and (ii) such buy-back has been authorised
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------------------------------------------------- A virtual company can be described as an organisation where the employees are geographically dispersed‚ work from home and use ICT to operate most aspects of the business. ------------------------------------------------- ------------------------------------------------- Discuss how emerging ICT technologies could be used to operate a virtual company. ------------------------------------------------- Include in your discussion the social and
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The TJX company did not have many security controls put in place to prevent something like this from happening. The company used Wired Equivalent Privacy encryption system to handle their client’s credit and debit card information. This system was very easy for any hacker to gain access to people’s information. It was completely out of date and did not encrypt anything within the company‚ which made it more vulnerable. They did not install firewall security correctly. TJX had purchased many other
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UNETHICAL COMPANIES 1) MONSANTO CO. The Missouri based agricultural company has been named world’s most unethical company. The company leads the world’s production of genetically modified foods. Monsanto is infamous for unfairly suing farmers who try to grow foods both ethically and organically. If the lawsuit is not ruled in Monsanto’s favour‚ they still achieve their desired results as the small-scale farms become bankrupt due to legal costs. The company is also the creator of the highly poisonous
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Company background U Mobile Sdn Bhd is a Malaysian 3G mobile telecommunicaions service provider and was founded in 1998 as MiTV Networks Sdn . In April 2007‚ U Television Sdn Bhd signed the country’s first nationwide domestic roaming memorandum of understanding. After that‚ the company has been constantly providing high quality mobile voice and data services with its wide distribution network backed by affordable pricing strategies. Customers of U Mobile can choose from a variety of competitive
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TJX Companies List and describe the security controls in place. Where are the weaknesses? TJX companies had very little security measures in place‚ and even the ones they had were mostly outdated. The company was using a Wired Equivalent Privacy (WEP) network encryption system. By today’s standards‚ and even at the time of intrusion‚ it is a fairly insecure system and is considered easy to hack into. Wi-Fi Protected Access (WPA)‚ a more complex encryption system‚ was already available at the
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10.4a To what extent should large international companies make acting in a socially responsible manner more of priority than increasing their profits. In this modern world there are many international companies in various fields ‚and each of these companies have goals and not secret that the main objective in the past for these companies is the increase in profit ‚regardless of other thing. But in other hand there a significant tax for this goal selfish is that we will destroy the world we live
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and India to save on labor costs. What factors should you consider when making your decision? Is labor outsourcing to developing countries a legitimate business strategy that can be handled without risk of running into a sweatshop scandal? Once company decide to expand new factory in new place‚ there are couple factors that manager should concern. Government regulations would be first priority. It is necessary to know each country labour laws because some countries restrictions are tough. Those
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