The financial accuracy is 90.4% witch is a difference of $ 23‚000‚000. The inventory accuracy for New Coke is 75%. The accuracy for Diet Coke is 100%. And finally the accuracy for Coke classic is 50%. With an average total actual inventory accuracy of 75% and a financial accuracy of 90.4% I would not consider this to be at the level of accuracy described in the book which states that “most agree that an ongoing accuracy level in the very high 90 percentile range is required in order to maintain confidence
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of Goods Sold of Company B is 58%. Than COGS = $240742 and Total Operating Expenses are $149025. Hence $415072-$240742-$149025 = $25305. Therefore Net Income will be lower by ($54361-$25305) = $29056. Case 2 Answer 1: Cost of Goods Sold (50% of $110000) = $55000. Answer 2: The most likely reason for the high figure for cost of goods sold is that purchases are made in excess. It means that if the purchases are made at $54500 than the level of cost of goods sold may be achieved
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Workshop 2 Learning Objectives Chapter 6 Objective 1 Explain the police mission in democratic societies. The mission of the police is wide in scope. It includes enforcing and supporting the laws for the country they not only serve‚ but live in. They are tasked with not only preventing crime‚ but also investigating them and arresting those who violate the law. They serve as peace officers‚ working not just to maintaining peace in society‚ but also improving it. They are also expected to be there
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The book I read this quarter was Sold by Patricia McCormick. The story is first-person and is narrated by thirteen year-old Lakshmi from Nepal. This book has over 170 chapters‚ each one only a few pages in length. This adds to the narrative as Lakshmi is thinking in small thoughts and does not think into many things due to her young age. Lakshmi’s family was poor‚ but managed to make it by on most days‚ on other days Lakshmi and her mother would starve while her step-father gambled. One day‚ Himalayan
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Heng Seng Management College BUS4003 – Retail and Channel Management Baleno Case Study Group3 Group Member: 1. Introduction 1.1 The history of Baleno Baleno’s story can be traced back to 1981‚ established by young fashion experts. “BALENO” was registered in Hong Kong in 1996 and established Baleno Holdings Limited as the holding company. With successful rebranding tactics and marketing strategies‚ Baleno expanded its network rapidly across Asia. Baleno understands that no single
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Nowadays‚ businesses operate in an uncertain environment and the managers can never know what will happen in the future (Arnold‚ 2005). Meanwhile‚ the economic crisis has turned that world upside down; it is a change for ever. The global economy was changed during the past two decades; because of globalization‚ the firms are not only trade or invest in the company’s domicile‚ but also trade or invest in other countries. Then management will face a lot of business risk in global economy. There are
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I. Outline-Retail theft A. Introduction " Excuse me‚ sir/madam can I check your bag please?” "Lifting"‚ "jacking"‚ "racking"‚ "nicking"‚ "boosting" and Five finger discount"‚ are some of the slang terms used for retail theft (also commonly known as shoplifting). Shoplifting is theft of goods from a retail establishment. It is one of the most common property crimes dealt with by police and courts. In the next few minutes‚ I
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Intelligence Definition and Measurement Defining and testing for intelligence is a controversial issue and has been since the first intelligence test was created and administered. Many forms of intelligence and achievement tests exist and using a particular test is a matter of preference and depending on the areas of intelligence is desired to be measured. This paper will start by critiquing the major definitions of intelligence‚ and determine the best definition for each chosen intelligence and
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In Patricia McCormick’s non-fiction novel‚ Sold‚ thirteen year old Lakshmi is sold into sexual slavery by her stepfather. She believes she is going to work in the city‚ as the breadwinner‚ but her step-father is in it for the money and revenge of the eldest son he doesn’t have. Lakshmi’s biggest priorities are her mother and brother‚ and her stepfather could care less about her or the family‚ he has an addiction to gambling. Instead of working hard and paying for a tin roof‚ he gambles his money
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Key Learning Points: Money Measurement Concept - Only that information that are expressed in monetary terms are being recorded. Entity Concept - A unit‚ which controls & prepares reports that is related to money or accounting reports. Costs A.) Nonmonetary Assets- Cash value not fixed by contract; Ex. Land. B.) Monetary Assets- Cash value is fixed by contract. Ex. money Fair Value - An amount at which the asset could be exchanged in a present transaction between agreed parties. A.) Liabilities-
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