changes have once again disrupted stability. In July 2012‚ M&S announced widespread changes across the company‚ including a new head of general merchandise‚ style director and a new head of food. A number of external and internal factors explain these changes. External Factors Consumer spending & Competition External factors can be described as things affecting the company beyond its control. Firstly‚ the retail industry in which M&S operates has weakened as a result of low consumer spending
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food‚ and since the year 2000 Marks & Spencer have started to expand into other ranges such as home wares‚ furniture & technology. Marks & Spencer became the first British retailer to make a pre-tax profit of over £1 billion “BBC News online 1998” Though a few years later Marks & Spencer were hit by the “credit crunch” which has had a dramatic effect on the company as they struggle in the current economical climate. M&S is a successful company. In macro-environment‚ M&S obeys the government and
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COMPREHENSIVE CASE SOLUTIONS – CHAPTERS 12 - 21 NOTE: The cases related to these solutions are posted on our website www.mcgrawhill.ca/olc/buckwold. They are not printed in the text. Solution to COMPREHENSIVE CASE ONE Seacourt Restaurants All of the issues in this case have been examined in depth in problems and cases of previous chapters and therefore the following solution briefly refers to the main issues of each segment. Where applicable‚ tax rates are assumed to be: Individual Corporation
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Chapter 24 Completing the Audit Review Questions There are four presentation and disclosure-related audit objectives: 24-1 PRESENTATION AND DISCLOSURE-RELATED AUDIT OBJECTIVES Occurrence and rights and obligations Completeness Accuracy and valuation Classification and understandability DESCRIPTION Account-related information as described in the footnotes exists and represents the rights and obligations of the company. All required disclosures are included in the financial statement
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David Cameron’s First Speech as Prime Minister. 2010 Her Majesty the Queen has asked me to form a new government and I have accepted. Before I talk about that new government‚ let me say something about the one that has just passed. Compared with a decade ago‚ this country is more open at home and more compassionate abroad and that is something we should all be grateful for and on behalf of the whole country I’d like to pay tribute to the outgoing prime minister for his long record of dedicated public
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Analysis‚ 6th ed. Chapter 1 Instructor’s Manual CHAPTER 1 1-1. A transducer is a device that converts chemical or physical information into an electrical signal or the reverse. The most common input transducers convert chemical or physical information into a current‚ voltage‚ or charge‚ and the most common output transducers convert electrical signals into some numerical form. 1-2. 1-3. 1-4. The information processor in a visual color measuring system is the human brain. The detector in a spectrograph
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operating independently. b. Estimate the value of Northrop‚ operating independently. c. Estimate the value of the combined firm‚ with no synergy. d. Estimate the value of the combined firm‚ with synergy. e. How much is the operating synergy worth? Solution: Synergy Gain = $7‚479 - $5‚879 = $1‚600 (Firm Value = FCFF1/(WACC - g) Q.4. In the Grumman-Northrop example‚ described in the previous example‚ the combined firm did not take on additional debt after the acquisition. Assume that‚ as a result of
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forward velocity of 60 m/s. The oscilloscope record of the deceleration is shown. Determine the approximate velocity of the particle at t = 9 s. [answer: -58 m/s] 2. A car can decelerate at 0.8 ‘g’ on a certain road. Find the total emergency stopping distance measured from the point where the driver first sights the danger for a speed of 100 km/hr. The time taken for the driver to identify the hazard‚ decide on a course of action‚ and apply the brakes is 0.75 s. [Answer: 70 m] 3. An underground train
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6. (Sunk cost) The payment stream for apartment A is 1‚000‚ 1‚000‚ 1‚000‚ 1‚000 1‚000‚ 1‚000 while for B it is 1‚900‚ 900‚ 900‚ 900‚ 900‚ 900. At any interest rate PVA l1(x) = = = = = = ~ --IT x 1 )’2X)’-1 )’2 ()’ -1) X)’-2 1 -)’ (b) U(x) = )’X)’-l Relative risk aversion coefficients‚ 11‚are constant for both utility fW1ctions. 5. (Equivalency) If results are consistent‚ we have that V(x) = aU(x) + b‚ and since V(A’) = A’ and V(B’) = B’ we must have A’ B’ = = aU(A’) + b aU(B’) + b So solving
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CHAPTER 7 CONTROL AND ACCOUNTING INFORMATION SYSTEMS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 7.1 Answer the following questions about the audit of Springer’s Lumber & Supply a. What deficiencies existed in the internal environment at Springer’s? The "internal environment" refers to the tone or culture of a company and helps determine how risk consciousness employees are. It is the foundation for all other ERM components‚ providing discipline and structure. It is essentially the same
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