Notes on this assignment (Problem P19-11) • While this company is an “Inc.” and is a private company in Canada‚ it is part of a multinational group and would therefore comply with IFRS. (Ref: requirement e) • The rate of compensation increase of 3.5%‚ while interesting‚ is not needed in these calculations as it would have been one of many assumptions used by the actuary would have applied in developing the current service cost‚ which is provided. • Both the EPFE (amortize past
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1. List what you believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office. The Goodner Brothers‚ Inc. case is an example of when company profits derived from management’s culture facilitated weak internal controls which allowed employees to commit serious fraud. "Goodner’s’ executives preached one dominant theme to their sales staff "volume‚ volume‚ volume." The Goodner Company in an effort to undercut its cut back on operating expenses
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Alcoa Inc. For the quarter ended 30th September 2015‚ Alcoa Inc. reported revenue of $ 5.6 billion which was 11 % below that reported for the same period last year. The main reason behind this decline in revenue was the divestiture and closure of low margin business and the dent that aluminium price have continued to take in the most recently ended quarter. The net income was $ 44 million down from $ 149 million of third quarter 2014. Adjusted net income was $ 109 million translating into an EPS
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the commercial property that Concordia Real Estate Inc is considering as a potential investment opportunity. The project is being evaluated over an investment horizon of twenty years with total costs estimated to be approximately $20.06M. If accepted‚ Concordia Real Estate Inc plans to finance the project entirely with cash. The investment’s profitability will be analyzed using several key financial indicators. Based on the results of the analysis a recommendation will be made as to whether or not
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XIAOMI A Chinese electronics company headquarter in Beijing‚ China owns a private incorporation‚ Xiaomi Inc. and according to IDC (2015)‚ it’s the world’s 4th largest smartphone maker. Xiaomi develops‚ design‚ and sells smartphones. The company sold over 60 million smartphones in 2014 with the start-up of US$1.1 billion‚ known as the world’s most valuable technology star-up. Xiaomi’s valuation is over US$46 billion‚ according to (Douglas MacMillan‚ 2015). Over 8000 employees in the company‚ throughout
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CASE 1.3 Just for FEET‚ Inc. 1. (1) Common-sized Balance Sheet 01/01/1999 01/01/1998 01/01/1997 Current assets: Cash and cash equivalents 2% 18% 37% Marketable securities available for sale - - 9% Accounts receivable 3% 4% 2% Inventory 58% 46% 35% Other current assets 3% 1% 1% Total current assets 65% 69% 84% Property and equipment‚ net 23% 21% 15% Goodwill‚ net 10% 8% - Other 1% 1% 2% Total assets 100% 100% 100% Current liabilities: Short-term
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Sew What? Inc. has grown from a tiny kitchen and garage operation to a multimillion- dollar enterprise throughout the years by utilizing information technologies to contribute to the success of the business. The company began as a small company that was comfortable with utilizing word-of-mouth for business sales and only making sales local. Overtime‚ the founder became aware that she needed to branch out to other areas once she lost a contract. She lost the contract due to not having an active website
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PESTEL Analysis Political The main countries that Nike trades in are America (where Nike originated) and the United Kingdom and other European countries such as France and Germany. In these main countries that Nike sell products in there is stable political environments where there is a democracy meaning that the governments in this countries have been elected by the general public in that particular country. The majority of these countries home and export markets have been boosted with
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Haverwood Furniture Inc. (B) Background on the merger In April 2008 Haverwood Furniture merged with Lea-Meadows‚ a manufacturer of upholstered furniture for living and family rooms. The merger was not planned in any conventional sense. The merger proceeded smoothly since the two firms were located on adjacent locations and the two companies would maintain as much autonomy as was economically justified. The only real issue that still remained was merging the selling efforts. The question was straight-forward
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Q1: The primary objectives that auditors hope to accomplish by confirming a client’s year-end accounts receivable is to check certain management assertions such as existence‚ rights and obligations‚ and valuation. Confirmations from clients and outside parties related to a transaction. Generally‚ the auditor sends to the client’s customer a confirmation stating the amount owed. The customers are requested to return a statement to the auditor indicating whether they agree with the amount‚ or providing
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