In Class #6.1 – Identify items in inventory Shippers Ltd. had the following inventory situations to consider at January 31‚ its year end: 1. 2. 3. 4. 5. 6. Goods held on consignment for Boxes Unlimited since December 22 Goods shipped on consignment to Rinehart Holdings Ltd. on January 5 Goods that are still in transit and were shipped to a customer FOB destination on January 29 Freight costs due on goods in transit from item 3 above Goods that are still in transit and were shipped to
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Case Study: Star Technologies 1. Explain why "industry knowledge" is so important to an audit engagement team Identify risk factors commonly posed by companies in high-tech industries. Industry knowledge is so important because it helps auditors identify areas that need special attention where errors and fraud might exist. Auditors are then able to evaluate the reasonableness of the accounting estimates made by management. It will also help them evaluate the accounting principles used by
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40‚000 employees‚ 5‚000 international retail stores‚ and a presence in over 70 countries‚ Bata is positioned to deliver an unparalleled combination of selection‚ quality‚ and service to customers around the globe. ------------------------ Bata Ltd. Address: 59 Wynford Drive North York‚ Ontario M3C 1K3 Canada Telephone: (416) 446-2011 Fax: (416) 446-2175 http://www.bata.com Statistics: Private Company Incorporated: 1931 Employees: 50‚000 Sales: $2 billion (2002 est.) NAIC:
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Case Study – Electronics Industry As a leading consumer electronics retailer‚ Best Buy continually is strategically analyzing their business and examining their performance in the retailing market. They face challenges from the competition and other future prospects‚ so it is important for them to understand opportunities and threats facing their business and the factors that will drive their success. One of the major opportunities facing Best Buy in the electronics industry is the lack of competitors
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According the Employment Ordinance (Cap. 57)‚ Bluestate Limited have a right to use the Summary Dismissal can dismiss Emma and the company. Here will discuses the reasons. First‚ “willfully disobeys a lawful and reasonable order” (Employment Ordinance (Cap. 57)‚ 2016). Emma was late to work oftentimes. The company was given her two written warning letter and seriously stated that this was the last warning for her‚ if she still haven’t any improve‚ the company will be dismiss her. After she received
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Case Study of river pollution Introduction River pollution has caused loss of lives and imbalances in the ecosystem. People‚ industries and natural causes contribute to the pollution of rivers. This makes the waters unsafe for both animal and human consumption. Conversely‚ what happens upstream may not be knowledge to those at the lower part of the river. In consequence‚ governments have come up with laws and regulations to curtain practices that may render the water harmless. Irrespective of
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Case study on electronic company By Garima Dandeliya MBA-I(A) ABSTRACT • There was a electronic gadgets manufacturing organization wanted to launch a device which measure blood pressure at home with fixed price at Rs. 3000 per piece. This firm had no proper channel of distribution. This device help a person to measure his blood pressure at any place whether in home or office without having to visit the doctor. By availability of this product it save the time. The company made cold list and hot
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effort to resist the diversion is becoming one of the greatest river engineering problems ever encountered. There is evidence that does indeed support the theory that the Mississippi river is being captured by the Atchafalaya River and the evidence is available and very bountiful. The data on the deterioration and the loss of the capacity of the flow of the Mississippi below the old river and the increased capacity of the Atchafalaya river has been witnessed‚ collected and authenticated. New neotectonic
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Four Star is a mattress manufacturer known for a focus on quality‚ productivity and customer service. In order to meet market demand from customers as well as competition Four Star increased proliferation of mattress varieties offering a total of 230 different model types at one time. This change caused Four Star to experience operational issues and bad inventory management‚ resulting in low profitability and productivity. Of the many problems faced by Four Star‚ proliferation of mattress varieties
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Suggested Solution to Dorchester Ltd. Summary of Key Information The current exchange rate in European terms is So(£/$) = 1/1.50 = .6667. The initial cost of the project in British pounds is SoCo = £0.6667($7‚000‚000) = £4‚666‚900. The U.K. inflation rate is estimated at 4.5% per annum‚ or the mid-point of the 4%-5% range. The U.S. inflation rate is forecast at 3% per annum. Under the simplifying assumption that PPP holds [pic] = .6667(1.045)t/(1.03)t. The before-tax nominal contribution
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