...Tiffany Hale AC503-02 Unit 3 Project 1. JUST FOR FEET, Inc. Income Statement Years ended January 31st | |1996 |1997 |1998 | |Net sales |100% |100% |100% | |Cost of sales |57.54% |58.46% |58.38% | |Gross Profit |46.24% |41.54% |41.62% | |Other revenues |0.23% |0.23% |0.17% | |Operating expenses: | | | | | Store operations |27.04% |29.18% |30.01% | | Store opening costs |4.38% |1.41% |1.76% | | Amortization of Intangibles |0.07% |0.25% |0.27% | | General & Administrative Expenses |3.07% |3.77% |3.14% | | Total Operating Expenses |34.57% |34.60% |35.18% | |Operating income ...
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...I only thought not wearing shoes regularly was mostly for people that live in poor developing countries, until I noticed a fellow BGSU student never wearing shoes. This has not been just a one-time occurrence; every time I see him on my Wednesday walk to class or even just around campus he has never had shoes on! Not wearing shoes I later found out has become a somewhat large debate, dealing with the many benefits, along with some potential dangers. I was definitely surprised with all of the research I found, since I never really pondered deeply about how shoes have changed the lives of so many people. After all shoes were originally created to solely protect our feet from harsh terrain, and now they are advertised for many more benefits. The important question to ask now is do all of the benefits shoes provide outweigh the benefits of just going barefoot? One of the first websites I looked...
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...JUST FOR FEET, INC. CASE STUDY QUESTIONS 1) Prepare common-sized balance sheets and income statements for Just for Feet for the period 1996-1998. Also, compute key liquidity, solvency, activity, and profitability ratios for 1997-1998. Given these data, comment on what you believe were the high-risk financial statement items for the 1998 Just for Feet audit. 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? Some internal controls risks common to high-volume retail stores would be theft of inventory, inventory accounting methods, false accounts receivable confirmations, separation of duties, authorization controls, information processing controls, physical controls. These risks should affect audit planning by focusing tests of these controls including: checking for safekeeping of documents, making sure there is a proper segregation of duties to avoid theft and misstatements, ensuring all transactions are authorized by management, looking closely at A/R confirmations, and the inventory accounting methods used. 3) Just for feet operated in an extremely competitive industry, or sub industry. Identify inherent risk factors common to businesses facing such completive conditions. How should these risks affect the audit planning decisions for such a client? Inherent risks for extremely competitive industries would...
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...Running Head: Case Study #2 1 Case Study #2 pertaining to Mitsui Fudosan vs. County of Los Angeles. Leif Martinoff UCLA Extension Mitsui Fudosan vs. County of Los Angeles 2 Abstract Mitsui Fudosan enacted a redevelopment plan in Downtown Los Angeles in the Central Business district area. Given that for every 1 square foot of parcel land, up to 6 square feet could be built. Essentially this math dictates a 6 story building could be built. At the time, it was Mitsui’s understanding that they could exceed this level by transferring development rights (TDR’s) from other projects or other land owners. Mitsui Fudosan did just that to build bigger and ended up buying up to an additional 490,338 of square feet “rights” valued at $8,209,000. Mitsui Fudosan vs. County of Los Angeles 3 Introduction The subject property is located in the Downtown Los Angeles area known as the Central Business District. Mitsui Fudosan, a development company sought to expand the footprint of one of its projects by building up since it was limited to the parcel area. In order to exceed their allowable building footprint, Mitsui bought “air rights to build higher and more stories. These are legally called Transfer Development Rights also known as TDR’s. Mitsui Fudosan ended up spending more than eight million dollars for almost five hundred thousand square feet of additional building space. What evolved the following...
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...Bigger Feet – Case study October 29th of 2012 Kiara M Prof: Christine Clark Bigger Feet (Case study nº 1) Entrepeneurship and New Ventures Business opportunities are typically born when someone sees a problem, and then finds a solution to that problem. For “Bigger Feet”, the opportunity came to the entrepreneur in 2004 because his founder was having difficulties finding shoes that fit his 13 sized feet. Through his mother advice after a frustrating experience in a shoe shop, he then got the idea to start a website where people with large feet could order their shoes. After researching the market by meeting manufacturers and visiting trade shows, it was for him apparent that there was not only the means to a big foot wear company but also the market demand. This solved a big problem for many, and that is the crux of any big idea – finding a solution to a unique problem; And how not, if statistics say that across the UK, arounf 1 million people has bigger than average feet, size 12 and above for men and above 9 for woman. The site was launch in 2005 and incredibly sold his first pair of shoes within half an hour! Within several weeks, “Bigger Feet” sales had gone international, receiving order from Saudi Arabia, USA and The Netherlands. In the following months, both Bigger Feet and Oliver got stronger. After winning the “Make Your Mark – Lloyds TSB award for teen entrepreneurship he started appearing in sources such as, the Finantial Times...
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...Case; Superior Supermarkets “Everyday Low Pricing” Company background; * Superior supermarkets is a division of Hall Consolidated, a privately owned wholesale and retail food distributor, Hall formed in 1959 and distributed food and related products to 150 company-owned supermarket units, operating under three supermarkets chain names through 12 wholesale distribution centers in US, its sales in 2002 were 2.3 billion *The three Superior supermarkets are located in Centralia-Missouri, Everyday Low Price Policy; A retailer charges a constant lower everyday price for merchandise with few, if any, price discounts, this practice differs from a “Hi-Lo” price policy, whereby a retailer charges higher prices on an everyday basis, but then runs frequent promotions. The Goal of the Superior Markets new approach “Everyday low price”; 1-Superior’s prices were higher than the competition 2-Superior could lose market share due to the price differential and accordingly losing its second position “Market challenger”. Everyday Low Pricing Implementation Considerations; *All of the Hall executives acknowledged that Superior Supermarkets were rightly perceived by shoppers as having the highest prices *Whether or not to adopt this pricing strategy across-the board for all products or just certain categories? *The pricing itself and how much it should be lower? As the studies showed that their market-basket prices were always 7-10% higher than other competitors ...
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...harassment. The case called “The Mysterious Roses.” Rob Arnold, the Director of Sales, I must have the ability to make decision that can will affect the company’s image that I am employed by, also the individuals of the company. In the simulation they are several ethical decisions that are made through several repeatable models that can provide a desirable outcome of the dilemmas. The ethical lens uses different perspectives from each different dilemma. I am able to arrive at this by a range of perspectives with favored outcome providing an appropriate ethical position for the appropriate situation. In the first dilemma I have learned that one of the employee’s Bill Witherspoons actions is perceived as sexual harassment toward another employee of the company, Gail Domier, roses are left at the employees desk with no notes stating who they are from. Mr. Witherspoon has approached you informally explaining to you what has been going on (The Mysterious Roses and Cold Feet, 2002-2007). Now Ms. Domier has requested a confidential meeting with Mr. Arnold the dilemma that the supervisor needs to concentrate on is he can maintain a level of confidentiality of Ms. Domier meeting and how to resolve it without exposing any of the participants’ involved. I also advised Gayle that I would be able to keep the meeting confidential between us but advised to review the company handbook before the meeting. The major issues that need avoiding are a possible sexual harassment which will not just affect...
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...food and related products to some 150 company owned supermarket units operating under three supermarket chain names through 12 wholesale distribution centers.By year 2002 also,1,100 independent store also supplied by Hall distribution in Unites States. In the year, the sales were $2.3 billion. In supermarket chain owned by Hall consolidated, Superior supermarket is the smallest compared to three supermarket chain in Hall consolidated. The superior gained with sales of 192.2 million in year 2002.In trade areas with small cities and towns in South Central Unites States, the superior served them conventionally. The median size is about 44,000 square feet in United States. So the superior is considered small because the areas of the superior supermarket just cover about 20,730 square feet. Even though the size is small, the superior was the number 1 or number 2 in ranking of supermarket chain in each of its trade measured by market share. The figure 1.1 below had shown the front view of superior supermarket. Figure 1.1: The view in front of Superior Supermarket. 2. OBJECTIVES 1) To decide whether to change the pricing strategy to be lower price or to continue the current pricing strategy. 3. CONSTRAINTS 1) Competitors ( 3 major establish supermarket) The three major competitor operates in Centralia were Harrison’s, Grand American, and Missouri Mart. These major competitors have their own strength...
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...Marine Life And My Love Of Sharks My tribute speech today is based on the study of, and appreciation of marine life. Especially sharks, and the misconception of them being human killers, a threat to swimmers, or notorious biters. There are many species of sharks, in fact, over one hundred and twenty known species. To Name A Few, the Great White, or known by it’s latin name Carcharodon Carcharias, the Tiger shark, the Pacific Epaulette walking shark, the Bull shark, and of course who can forget the Great Hammer Head. Still, with many more to be discovered, and studied. A lot of foreign fisheries overfish...
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...Study on Evolving Medicated Footwear for Diabetic Patients by: Md. Tareq Bin Satter Chapter I Page 1 of 85 Study on Evolving Medicated Footwear for Diabetic Patients by: Md. Tareq Bin Satter 1.1 Introduction Foot is the important part of the body. If someone has diabetes he/she is more likely to have to foot problems. Diabetes can damage your nerves. This, in turn, may make you less able to feel an injury or pressure on the skin of your foot. You may not notice a foot injury until severe damage or infection develops. This may led to gangrene in the through simple injuries eventually amputation will be the final choice. So a diabetes patient always has to wear specialized footwear that can protect the foot in more sophisticated way. Diabetes changes your body's ability to fight infections. Damage to blood vessels causes because of diabetes results in less blood and oxygen getting to your feet. Because of this, small sores or breaks in the skin may become deeper skin ulcers. The affected limb may need to be amputated when these skin ulcers do not improve, get larger, or go deeper into the skin. Worldwide, 50% of all leg amputations happen to people living with diabetes. In India, an estimated 50,000 amputations are carried out every year due to diabetes related foot problems. By employing reconstructive and corrective footwear, to remove the high pressure points, a large number of such amputations can be prevented. Thus the patient can lead a near normal...
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...BUSINESS LAW: CASE ANALYSIS 1 On October 15, 2003, at approximately 3:00 p.m., the M/V Andrew J. Barberi, en route from Manhattan to Staten Island went off its course and collided at full speed into a concrete maintenance pier just 1800 feet south of the slip at which it was intended to dock. That day the vessel, with a 6000 passenger capacity, was carrying nearly 1500 people. It traveled on a day that was clear but windy, one deemed acceptable for travel. Traveling at a typical speed of 14-16 knots the ferry had the ability to come to a full stop in 43 seconds in a space of 420 feet. On this day the ferry was commanded by Captain Michael Gansas who in turn assigned Assistant Captain Richard Smith to the helm. Both men met the requirements of the coast Guard regulations as certified as first-class pilots and both were licensed. Both men had consistently received positive performance reviews over more than ten years of experience with the Staten Island Ferry. Smith steered the ferry, accompanied by deckhand, Joseph Selch, who was assigned as a lookout, while Ganas, leaving Smith alone at the helm without reservation, was near the rear of the vessel making preparations for a future Coast Guard inspection. Selch and Smith carried on normal conversations throughout the trip. With just 3000 feet, to be traveled in two minutes, left to the journey, Selch was released from his lookout duties to go and prepare for docking. Smith was left alone in the pilothouse...
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...The 21st Century Jet The Boeing 777 Multimedia Case Study Shad H Shokralla Submitted in partial fulfillment of the requirements for the degree of Master of Science in Mechanical Engineering from the University of California at Berkeley December 18, 1995 Research Advisor: Professor Alice M. Agogino Berkeley Expert Systems Technology Laboratory On-line Version URL: main.html Abstract Multimedia case studies have been shown to be an effective way of documenting and teaching best design practices. This is a case study of the changes that the Boeing Commercial Aircraft Company made in the way they design and build airplanes. The 777 is the first jet that Boeing has created using this methodology. The changes were very dramatic and encompassed many areas, including technical, organizational and administrative changes. Boeing is touting the 777 as more than just a product, but as a new process. Although the technical innovations were numerous, what made the 777 project unique were the other changes Boeing instituted for this design/build effort. It was the first 100% digitally designed and pre-assembled airplane made by Boeing. Concurrent engineering, the concept of “Working Together”, was an integral part of the new philosophy and nearly 240 Design/Build teams were used through-out the process. The teams included design, manufacturing, customer and supplier personnel from the start. Designing and building a new...
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...Chapter 1 THE PROBLEM AND ITS BACKGROUND The terms less-than-lethal, less lethal, and non-lethal are frequently and inappropriately used interchangeably. Almost anything can become lethal if used improperly or if circumstances are extremely unlucky; weapons that are considered to be of Non-Lethal force only decrease the odds of deadly injury. The court addresses the use of less lethal force in the “objective reasonableness standard,” where questions regarding excessive use of force are to be judged from the perspective of a reasonable officer coping with a tense, fast-evolving situation. (Graham, Conner, 2009) This revised standard alleviates some of the “Monday morning quarterbacking” that would otherwise result and respects that officers possess sound judgment skills. (Graham, Conner, 2009) In some arrest situations and other law enforcement activities, the use of force may be required to protect the safety of the officer or the public. Occasionally, the threat to an officer or the public justifies the use of deadly force an amount of force that is likely to cause either serious bodily injury or death to another person. (Graham, Conner, 2009) When use of force is required, but deadly force may not be appropriate, law enforcement officers may employ less-lethal weapons to gain control of a subject. Less-lethal weapons are designed to induce a subject to submit or to comply with directions. These weapons give law enforcement officers the ability to protect the safety of...
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...Glucose Regulation Glucose Regulation Case Study What point should the nurse focus on regarding the importance of foot care for patients with type 2 diabetes mellitus? Educating the patient on how the disease process affects the feet can lead to proper self-care. Blood vessels in the feet become compromised, causing a decrease in potential blood flow circulation. Motor neurons are compromised as well causing a decrease in pain sensation. Patients should be taught to examine feet including between the toes and under feet routinely. As irritation to the feet can occur due to multiple reasons patients need to be proactive about preventing this. Patients with diabetes take twice as long to heal wounds and unfortunately due to the deficit in motor neurons may not realize they have it and worsen the wound leading to potential gangrene. Clipping the toenails is just as important due to the decreased sensitivity and for the potential of a cut. Finally patients will experience dry and potentially cracked feet, moisturizing with help prevent this with the exception of between the toes. A recommendation would be to see a podiatrist on a daily basis if available (Ignatavicius & Workman, 2013). What specific eye and visual complications should the nurse describe to Ms. Jackson, and what recommendations for visual care should be provided? There are several eye complications that can occur, the three most common are glaucoma, cataracts, and retinopathy. Glaucoma occurs as...
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...In this internal Cliffside Holding Company memo, Mr. Anil Ravaswami, Vice President of Human Resources of writes to Ms. Cynthia Castle, CEO to discuss the proposition of a leadership development program for junior insurance executives. Ms. Forsythe of Cliffside Holdings has proposed the new program and identified the total cost to be “$100,000.00 per year plus approximately the same amount for lost time on the job.” Mr. Ravaswami discusses the reasons he believes Cliffside Holding Company should not fund this new development program. The memo and rationale will be analyzed using the steps for Critical Thinking modeled in Asking the Right Questions by Brown and Keeley (2015). What are the issue and conclusion? The issue, or question being raised is apparent in the first sentence of the memo, “That we establish and fund a new leadership development program of our junior insurance executives.” Ravaswami writes that several of the senior leadership members at CHCM have not gone through such training and despite this, are all very “successful and effective without such programs” He goes on to point out that personality traits such as ambition, self confidence and intelligence were possessed by several known leaders throughout history show that leaders are not made, but born. The conclusion, as highlighted in the ‘Conclusion and Recommendations’ of the memo is “CHCM should not invest in the proposed initiative to send its junior executives for annual leadership training.” In...
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