Case 1.8 Crazy Eddie‚ Inc. Case Summary: At age of 16‚ in 1978‚ Eddie Antar opened Crazy Eddie Inc in New York City. This was an electronics store where leadership positions were assumed by family and relatives. Their excellent advertising techniques through radio and their cut rate prices allowed the company to become “transhipper”‚ selling goods to other electronic retailers in NYC area. Crazy Eddie Inc went public in 1986 in order to finance expansion program and in that year‚ it was
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In Crazy Eddie Case‚ a former CPA‚ Sam E. Antar‚ was a key individual who helped Eddie Antar mastermind one of the largest securities frauds uncovered during the 1980s. Sam admitted that he had no empathy whatsoever for investors because he never concerned about morality or the suffering of those victims. Next I’ll analysis Crazy Eddie Case from ethical perspective and use Ethical Decision Making Model to evaluate Sam’s possible behaviors. 1. Frame the ethical issue: Should Sam join his cousin
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Eddie Antar‚ the CEO of the Crazy Eddie Discount Electronics Chain. In 1993 Eddie was convicted for an $80 million stock fraud and after that his business collapse. Before the company went public in 1984 Eddie and two brothers were accused of putting together a scheme and inflated the value of the company. In 1990 Mr. Antar was on the run because the government charged‚ off millions and they found him in June 1992 in Israel then they extradited back to the United States. When Antar was 45 years old
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SUMMARY Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. By 1987‚Antar’s firm‚ Crazy Eddie ‚ Inc.‚ had 43 retail outlets‚ sales exceeding $350 million‚ and outstanding stock with a collective market value of $600 million. During his term as the company’s chief executive. Antar had personal gain of more than $70 million. The first step Crazy Eddie done in order to gain success was to expand his little store into many big consumer
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1) The following table provides key financial ratios for Crazy Eddie during the period 1984-1987: | |1987 |1986 |1985 |1984 | |Current Ratio |2.41 |1.4 |1.56 |0.93 | |Quick Ratio |1.4 |0.6 |0.77 |0.15 | |Debt Ratio |0.68 |0.66 |0.64 |0.83 | |Debt-to-Equity |2.16
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Client Acceptance 1 C a s es inc lu de d in t his Se ction 1.1 Ocean Manufacturing‚ Inc. The New Client Acceptance Decision Instructor Resource Manual — Do Not Copy or Redistribute . . . . . . . . . . . . . . . . . . . . . . 3 Instructor Resource Manual — Do Not Copy or Redistribute Ocean Manufacturing‚ Inc. C a s e 1.1 The New Client Acceptance Decision Mark S. Beasley · Frank A. Buckless · Steven M. Glover · Douglas F. Prawitt
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Skills Audit |Strengths |Weaknesses | In the first introductory seminar‚ I filled out several self-assessment questionnaires regarding my coaching skills and effective coaching (Appendix D). I really enjoyed doing these questionnaires as I feel that by questioning oneself‚ I learnt several things about myself that I was formerly unaware of. By taking the questionnaire and looking at the
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AUTOMOBILE INDUSTRY IN UK United Kingdom has been a colossal manufacturer of automobiles in last 10 years. Producing more that 8 million vehicles and engines and exporting more than 80% of these‚ UK automobile industry stands as a driving force of its economy. The automobile industry generates a yearly turnover of around 55 Billion Pounds and largest value from exports. Nevertheless‚ the country that has automobile players like‚ Alexander Davis‚ Aston Martin‚ Bentley‚ BMW‚ Ford‚ Honda‚ Jaguar‚
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contingency. ASC 450 also directs auditors on how management should assess the probability of a contingency. Lastly‚ the excerpt explains the determination of which financial period the loss or gain should be reported in. The planning stage of the audit should identify elements and techniques that help auditors recognize the potential for losses arising from legal contingencies. These losses are not
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of an audit manager that is currently employed with Deep Breath LCC‚ a medium sized national accounting firm. This particular firm offers auditing services as well as tax services. The main purpose of my role as the audit manager is to decide and justify reasons on a new audit client acceptance. The process of accepting a new client is not a simple procedure especially during this phase where the public accounting environment is changing drastically. Intense competitive pressures among audit firms
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