...Synopsis 1.) Just for Feet | Common Size Balance Sheet | | 1996 | 1997 | 1998 | Current assets: | | | | Cash and cash equivalents | 36.93% | 18.40% | 1.80% | Marketable securities | | | | available for sale | 9.04% | 0.00% | 0.00% | Accounts receivable | 1.74% | 3.53% | 2.74% | Inventory | 35.47% | 45.97% | 58.01% | Other current assets | 0.56% | 1.50% | 2.65% | Total current assets | 83.75% | 69.40% | 65.20% | | | | | Property and equipment, net | 14.61% | 21.08% | 23.29% | Goodwill, net | 0.00% | 8.05% | 10.31% | Other | 1.64% | 1.46% | 1.19% | Total assets | 100.00% | 100.00% | 100.00% | | | | | Current Liabilities: | | | | Short term borrowings | 26.61% | 20.22% | 0.00% | Accounts payable | 10.35% | 11.41% | 14.55% | Accrued expenses | 1.46% | 2.07% | 3.60% | Income taxes payable | 0.11% | 0.30% | 0.13% | Current maturities of | | | | long term debt | 0.56% | 0.72% | 0.96% | Total current liabilities | 39.09% | 34.73% | 19.25% | | | | | Long term debt and obligations | 2.76% | 5.48% | 33.51% | Total liabilities | 41.85% | 40.21% | 52.75% | | | | | Shareholders' equity: | | | | Common stock | 0.00% | 0.00% | 0.00% | Paid-in capital | 50.69% | 48.76% | 36.20% | Retained earnings | 7.47% | 11.03% | 11.04% | Total shareholders' equity | 58.15% | 59.79% | 47.25% | | | | | Total liabilities and | | | | shareholders' equity | 100.00%...
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...mobile phones usage on a driver’s response time, concentration and attitude... Mobile phones are the biggest distraction that exist nowadays. One hears the ring tone and gets to their phone as quickly as possible so that they don’t miss out on the last tweet, hashtag or text they just got. All, and if not all, at least 99%, drivers are guilty of checking their phone while driving, putting themselves and other people in danger. But, just go back to the last text message you got; is it worth getting yourself AND OTHERS in danger? 5 seconds is the minimal amount of time one’s attention is taken from the road when one is texting and driving, which is equals to driving the length of a football field without looking at the road at 55 mph. Teenagers are the most likely to get hurt or even killed in a car accident. In this essay, I will discuss how mobile phones effect the driver and how LOL can quickly transform into RIP. Before going farther, one should know a few statistics. First, in 2011, about 23% of collisions involved cell phones, which makes about 1.3 millions crashes. Texting makes a crash 23 times more likely to happen, dialling makes 2.8 times more likely, talking and/or listening makes it 1.3 more likely and reaching for the device makes it 1.4 more likely. Moreover, 13% of drivers from 18 to 20 years old involved in car crashes have admitted using their phones at the time of the accident. Many people say that it is not a problem, that they can manage using their device...
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...Case 1.3 Just For Feet INC. 1) See Attached 2) Large Volume retail stores that carry a large amount of inventory have a number of internal control risks that the can affect the audit planning decisions for the independent auditors. Some internal control risks that are common to a business like this would be theft of inventory, incentives/pressures from management to employees, issues with compliance, and material misstatements. Auditing Standard Number 8, discusses audit risk. Going into the audit, the independent auditors should try and brain storm what potential internal audit risks that they can see that will potentially create a hazard. They should come up with preventive controls. Once they have done that they should look into those areas during the course of the audit. By having a plan to help and detect control risk, it will definitely be easier to catch...
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...Tong Chai MA82501 Spring 2012 Case 1.3 Just For FEET, Inc. 2. Just for Feet operated large, high-volume retail stores. Identify internal control risks common to such businesses. How should these risks affect the audit planning decisions for such a client? For the large, high-volume retail stores, I identified the following internal control risks common to such businesses: * Management operating strategy is the top source of all the issues. Most retail stores are pretty decentralized and may not pay much attention to the detailed operating procedures, thus may lead to some potential opportunities for staffs to steal or break the rules. * Inventory is a big issue in large high-volume retail stores, particularly people may intentionally misstate the inventory when counting and valuing it in order to steal or manipulate the earnings. * Cash is also a potential problem for such businesses. The large high-volume stores also tend to have a high volume of cash and transactions as well as some petty cash, so the handling of cash and the cut-off of transactions near period end are issues. * High turnover of the staffs is another issue of retailing industry. Since many entry-level positions has a very high turnover and low pay, those workers may not get well trained and operate as designed In planning the audit, the auditors should give extra attention to the controls surrounding cash and inventory, cut-off procedures, and the year-end inventory counts. Moreover...
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...The proclamation comes after $1.3 million was identified to fund the efforts.” (Worland, 01). It has been a year since this article came out. I go to Kaka’ako quite often and I can say from my experience that I have seen some progress, but the problem still remains. We can’t completely get people off the streets and working their way back up to keeping a house on their own. Prices for homes on Oahu are high and many are losing their homes to people from the mainland who want to move...
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...CENTER at South Extension for a previous assignment, we decided to repeat our visit to SONY itself but at some other destination. This time we visited SONY CENTER located at the Green Park Market. Our interaction with the manager was brief as he did not much entertain us. Neither did he want to disclose much about his store, evaluation methods used, store management and so on. Major parts of the report are thus based on our observations and assessment of the store layout, look and feel. Following are the answers to the questions put up. 1. In general, are the store layout, design, and visual merchandising techniques used consistent with the exterior of the store and layout? The store has a Carpet Area of approximately 700 square feet. Since the area is comparatively less than other SONY CENTERS, additional spaces have been created intelligently by utilizing walls and fixtures. The store has a Straight Floor Layout. Figure 1.1 below shows a Straight Floor Layout. Fig. 1.1 Straight Floor Layout. There is a good display of different electronic items on the walls, especially LCDs and Plasma television sets. This creates successful visual merchandise. There is enough space for free movement of customers. The store has glass doors and is well lit. It is thus quite attractive and easy to spot. The store design ensures avoidance of shop-lifting. However, the exterior of the, which is very neat and simple does...
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...About 1.3 million people in the U.S., have rheumatoid arthritis (Mann). Rheumatoid arthritis is a chronic inflammatory disorder that affects many joints, including the hands and feet. Over time, the inflammation may cause bone erosion and even joint deformity. Once diagnosed, people may experience stiffness, swelling, and even tenderness. As people age there are many chronic diseases that can be diagnosed. This one in particular is normally due to smoking and even over exercising (Warner). If caught early, Rheumatoid arthritis can be treated. Many people should be aware of the pathophysiology, clinical manifestations, diagnosis, treatment, prevention, risk factors, and even the current and future outlook. People should always be aware...
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...Pharmasim Marketing Case Problem Allstar Brands Corporation is one of the leading manufacturers of packaged goods in the world. Allstar Brands’ Allround product is a market leader in the over-the-counter (OTC) cold and allergy remedy market. The brand has had consistent success in terms of profitability and sales. This has made Allround a critical component of the Pharmaceuticals Division’s long-term strategic plan. Currently, the division anticipates that the brand’s cash flow in the coming periods will allow the company to pursue new opportunities in emerging markets. However, the competitive nature of the OTC cold remedy market is causing a concern. The senior management is worried that this competitive activity will lead to a declining market share and profitability for Allround. They have lost one full share point in the last year. The goal is to maintain long-term profitability and market share in an increasingly competitive and changing environment. Analysis It is essential to make certain that Allstar Brand Corporation’s objectives are met and realized in order to generate profits. After an analysis of the company, there are some objectives that should be considered to maintain sales and market share. Some of the objectives include; increase stock price, increase sales force, and maintain brand awareness. The current stock price for Allstar is $38.351, with the highest being Ethik at $70.77. Increasing stock price is a marketing objective that...
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...common in joints that bear weight, such as the spine, hips, knees and feet. Symptoms associated with osteoarthritis are localized pain while symptoms such as feeling ill and fatigue or tiredness are typically not present as other...
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... In the summer of 1958, a group of men working in a logging camp in Bluff Creek, California, were shocked to find mysterious human-like footprints, several feet apart and large, about 17 in. long! Soon enough news reports on the prints surfaced musing over the possible creature to have made these “big feet.” By the end of the summer, countless news stories and articles had been written on the allusive beast, now known as “Bigfoot”, therefore creating a new plethora of believers all throughout California, and the nation. With that, imagine the disappointment that came with Mr. Wallace’s children coming clean about the fiasco in 2002, that their father had used carved wooden feet and a truck to make the famous tracks, all to prank a few friends. According to his children, Ray had always been a prankster, but never believed that it would go as far as it did. While researchers accept that the famous 1958 sighting had been a hoax, many believers are undeterred in the search for sasquatch, as it just means that they must look elsewhere for the proof they need. Referring to his father’s prank, Michael Wallace mentioned, ''It's weird because it was just a joke, and then it took on such a life of its own that even now, we can't stop it'' (Egan, 2003, p. 1.3). Like in the Ray Wallace case, after famous or even obscure cases of Bigfoot sightings have been proven hoaxes, true believers refuse to entertain the thought that their beloved cryptid doesn’t exist, and instead push harder...
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...for cancer. That’s 58,586,256 lawyers who could stop innocent people going to prison over something they didn’t do. That’s 58,586,256 teachers who could be teaching the generation that will determine whether we connect and survive as humans, and that’s only documented ones there have been millions more of undocumented abortions across the world. Abortion is wrong and should not be allowed because abortion is killing living babies, killing people who could potentially find the cure for something that was once thought to be incurable, solve world hunger, or just make the world a better place . Abortion...
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...destination retailer, offering one of the selections of brand-name, as well as private label home furnishings merchandise in the industry. The Company’s average store size of approximately 33,000 gross square feet enables it to offer a more comprehensive product and brand selection than department stores and other retailers that sell home furnishings. The Company’s primary target guest is female between the ages of 25 and 55 who is fashion and brand conscious, has better income and focuses on the home as a reflection of her individuality. On the surface, LNT and BBBY companies were pursuing a similar business-level strategy of cost leadership, but key strategic decisions led them down quite different evolutionary paths. Both companies focused on providing consumers with high-quality houseware goods in a no-frills, value-priced environment, but LNT's decision to build centralized warehouses - seemingly consistent with a cost leadership strategy - ended up bringing it into direct competition with Target and Walmart. In contrast, BBBY allowed for greater decentralization in decision making, thereby allowing more store-level decision making and greater customization to local consumers' tastes. As a result, BBBY was able to better differentiate itself from Walmart and Target. The case will need formulation of basic strategy concepts, such as industry and environmental analysis, business-level strategies, core competencies and administrative heritage. At the time of...
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...Harvard Business School 9 - 2 9 5 -029 Rev. November 21, 1994 MW Petroleum Corporation (A) In late 1990, executives, engineers, and financial advisors working for Amoco Corporation and Apache Corporation began serious discussions about the sale to Apache of MW Petroleum Corporation, a wholly-owned subsidiary of Amoco Production Company. Amoco had transferred to MW certain of its own assets that it regarded as non-strategic. MW's size, location, and operations were all very attractive to Apache, which had grown nearly 30% per year since the mid-1980s, largely through acquisitions. The transaction being discussed with Amoco would be Apache's largest to date. It would more than double the size of Apache's current operations, as well as its reserves of oil and natural gas. By the end of January 1991, Apache's executives and advisors were sufficiently familiar with the properties in MW to begin refining their estimates of operating and financial performance in order to structure a formal offer. Apache's chief financial officer, Mr. Wayne Murdy, knew that financing would be a challenge, given the size of the proposed transaction. In fact, the availability of external financing, bank debt in particular, was likely to impose some practical limits on both the amount and form of consideration that Apache could offer to Amoco. It was essential that Apache carefully evaluate MW, both the whole and its parts, and study the likely patterns of cash flows so that some...
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...Abstract Central Texas contains Precambrian rocks, which were exposed due to the Llano uplift. This paper looks further into the Devil’s Waterhole of Ink’s Lake to get a better understanding of the area. First the geology of the Llano uplift is studied to get a better understanding of how the rocks in the area were formed. The rocks in the area, which consists of Valley Springs Gneiss and Town Mountain Granite, are studied even further to see the composition of each and how each was formed. The Valley Spring Gneiss is split into amphibolite, biotite gneiss, quartz-feldspar gneiss, and quartzite. Each of the five different rock samples were observed and studied in the area to give us a better understanding of their compositions, how they were formed, and what their protoliths are. The Devil’s Waterhole of Ink’s lake is the area of focus in studying Precambrian rock. Throughout the Ink’s Lake region we will take focus on the Precambrian metamorphic rock that was exposed due to the Llano uplift. The Llano uplift contains some of the oldest rocks in North America and is exposed in Ink’s Lake, Texas. This is exposed due to the oceanic-continent collision, which drove the Llano uplift upward. After the weathering away of the younger rock on top, the currently exposed metamorphic rock is more easily observed. Following the Llano uplift exposure, there was an intrusion of the Town Mountain Granite, which we will also look further into. We also observe the areas reactions such as...
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...Table of contents Chapter: one 1.1.Introduction 1.2. Background of the study 1.3. Objective of the study 1.4. Methodology Chapter: two – Concepts and description of relative terms 2.1. Basic acoustic considerations for auditorium design 2.2. How to Calculate of reverberation time 2.3. Background of evolution of auditorium over the last century Chapter: three –BIAM Auditorium 3.1. Description of BIAM Auditorium Chapter: one: 1.1.Introduction: The study has been taken as part of the masters in architecture course titled “Sonic environment and built-form, course no. arch 6102 and the objective of was to study an auditorium for its acoustics solution. There are several auditoriums in the Dhaka city. The BIAM auditorium has been taken for the case study of an auditorium because of its great usage for performances. 1.2. Background of the study: The acoustics in an auditorium must facilitate a wide range of activities during performances, from percussion and different music from the stage, choirs, delivering speech and singing. These real-time shifts in acoustic demands should be well-served by variable acoustic systems to the reverb time of the space. To identify the acoustical conditions of the auditoriums in the Dhaka city and have several acoustical solutions of them the study is planned. 1.3. Objective of the study: The purpose of the paper is to study the contextual acoustic condition of the particular auditorium and find out the acoustic solutions for it. And...
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