...Financial Restatement Trends in the United States: 2013 – 2012 report. High technology industry is exceptionally competitive as it demands constant innovation, change, and differentiation. Participants are pressured to “move quickly or move out”; classic example is Blackberry that was once the leader in the smartphone business, but quickly perished as its competitors took over. From a financial reporting standpoint, this industry is particularly controversial because of the profusion of its intangible assets, research and development expenditures, and revenue recognition complexity, and perhaps after Blackberry, going concern principle. The leading company in this risky industry today is Apple, Inc. By operating in the Computer and Software industry, Apple is prone to the inherent business risks related to its industry, and some to the company itself, and is therefore, from an audit standpoint, a high business risk company. There are three business risks related to Apple in particular that contribute...
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...Story of Steve Jobs The Start of Apple Anusree Banerjee Table of Contents Executive summary 3 Pre-foundation partnership 4 Initial bootstrapping 4 Angel investors 4 Initial public offering 5 Success mantra 6 Appendices 8 Venture Capitalists tell their story: Arthur Rock on Steve Jobs 8 Preliminary confidential offering memorandum 9 Bibliography 10 Executive summary This report highlights the start of the entrepreneurial journey of Steve Jobs – the founder of Apple. The Apple journey started off as a partnership. Steve Jobs and Steve Wozniak had been friends for some time, having met in 1971, when their mutual friend, Bill Fernandez, introduced 21-year-old Wozniak to 16-year-old Jobs. Jobs managed to interest Wozniak in assembling a machine and selling it. They bootstrapped for the first product – Apple I. Mike Markkula was the first angel investor who showed belief in the product and the team. Markkula had made his fortune as a marketing manager at Fairchild Semiconductor and Intel, retiring at age 32. In 1977, Steve Jobs met with Markkula and convinced him that personal computers were an exciting opportunity. Markkula invested $250,000 in Apple for a one-third stake in the company and served as president from 1981-83. With Mike’s guidance and funding Apple ceased to be a partnership and was incorporated on April 1, 1976. Apple investors had a traditional exit through an initial public offering in 1980. When Apple went public, it generated more...
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...subject and to offer robust solutions for improvements. It is thus a process that is inherently iterative and involves, as proffered by Williamson et al., (2004), lots of research to gain deeper insight into the business which encompasses all aspects of the business and its environment. In short, it is a holistic process that unearths the secrets of the business and identifies areas needing attention. It thus seeks to find answers to questions like where is the business now, what does it do and how does it do it, where does it want to go and how can this be achieved (Williamson et al., 2004). Yes, it consumes time and money but insights so garnered from the analytical process leading to formation of strategies will give the business a favourable competitive position and superior profitability. To reduce time and money spent, analytical tools are used to aid in the process, besides bringing structure to it. Note here that only the right necessary tools are used, as a few too many tools might derail and probably bring the process to nought. One cannot overemphasize the value of undertaking any process that tenders solutions to the business’s problems leading to the achievement of objectives. Most successful turnarounds and renewal activities of firms taking a nosedive or achieving growth are based on thorough research and analysis as implied by Hass, Pryor &...
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...astringents of guava enhance the skin texture and tighten loosened skin. Guava works more effectively than any other skin nourishing lotions in the market. Decoction of immature leaves and fruits can be applied on the skin for tightening and toning purposes. Additionally, guava has high contents of Vitamin A, Vitamin C and Potassium, which are characterized by their antioxidant functions. These nutrients carry out detoxification processes and keep the skin healthy and wrinkle-free. Guava is loaded with antioxidants. Since the 1950s, guavas – particularly the leaves – have been the subject for diverse research on their constituents, pharmacological properties and history in folk medicine. Most research, however, has been conducted on apple guava (P. guajava), with other species remaining unstudied. From preliminary medical research in laboratory models, extracts from apple guava...
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...business growth objectives within start-up, turnaround, and rapid-change environments will help employers to understand my strength. Proven achievements in software engineering, search engines or browsers and relevant business background are also my strong points. Core competencies: Browser specialist, Strategic planning, software management, leadership, SEO expert. Professional Experience: Company Name Designation Microsoft Director, Software Development Department Apple General Manager, Safari* Opera mini Chief Executive Officer (CEO)* Duration 2001-2003 2004-2009 2010-present *Award Publications: Research paper: 1. Preliminary guidelines for empirical research in software engineering; IEEE; ISSN0098-5589, Aug 2002. 2. Future paths for integer programming and links to artificial intelligence; Elsevier; ISSN0087-7656, Dec 2005.* Books: 3. Multimedia browser for internet; ISBN-2980-0989; Jun 2009 4. Internet Economy; ISBN-2345-7865, March 2013* Awards and Achievement: 1. Successful General Manager of The Year, 2008 from Apple Inc for outstanding growth of ‘Safari’. 2. Best CEO of Opera Mini, 2014 for excellent development of its different units. 3. New York Times bestseller Award for the ‘Internet Economy’. Education: 1. BS, Computer Science and Information Systems, California State University, 1992. 2. MS, Industrial management, Colorado State University, ASHRAE full bright Engineering Scholarship, 1994. 3. MBA, Business Development and Management, Pennsylvania State University,...
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...attackers are generally can be seen as threats. Businesses must find solutions to mitigate these threats by eliminating vulnerabilities of their system in order to reduce risk of their information and information system. Information security addresses the three following components: confidentiality, integrity and availability, which are the main goal for business toward protecting their information and information system. Confidentiality is basically to ensure no confidential data, such as customers’ data or trade secret, are acquired by unauthorized users. Example of large corporation such as Apple Inc. addresses the issue of confidentiality very seriously. Employees of Apple Inc. are not allowed to leak out secret or upcoming pattern of certain products such as Iphone or Ipad. Their database security is designed to protect any unauthorized users from accessing such important information. What Apple Inc. did for their database security are call authentication and authorization. Authentication is a process of validating a certain individual’s...
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...Ripen Apple Company is a apple grower in Florida. RAC want to determine the effectiveness and efficiency of its organizational structure, the selection and maintenance of managerial personnel. The reason, inter Preliminary Data Gathering Our consultant completed interviews within the organization and research was conducted of the produce industry. Ripen Apple Company has been in operation for 15 years during which it as grown at a rate of about 5% per year. Cost have remained the same for the first 10 years of existence, but have grown by 2.5-4% over the past 3 years. Reasons cited by the company included unexpected temperature drop, pests, and increased labor costs. Management has been promoted from within the company but over the past year, several long-term personnel have left, because they felt that they had no future with the company. Although the company is faced with these problems, they are gearing themselves for increased growth through possible expansion of the business. RAC should attempt to ground quality management within the desired pattern of the company’s organizational structure and identify specific connections between the type of organizational structure and its effectiveness to the company as a whole. The organizational structure needs to be more flexible at Ripen Apple Company because there is a lack of communication between production and operations by enhancing technology used by the company as a whole. The retention is high across all levels of staff...
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...The Emerald Research Register for this journal is available at http://www.emeraldinsight.com/researchregister The current issue and full text archive of this journal is available at http://www.emeraldinsight.com/0007-070X.htm A preliminary assessment of its form and impact in Gloucestershire Countryside and Community Research Unit, University of Gloucestershire, Cheltenham, UK Keywords Food products, Localization, Rural development, Economic sustainability, Trust, Farms, Retailers, United Kingdom Abstract ``Local food'' is attracting considerable policy and public interest, but evidence is lacking about the emerging contours of the local food sector. This paper offers a preliminary assessment of the local food sector in the county of Gloucestershire. Based on interviews with farmers and retailers, it investigates the scope of local food production in the county, assesses the nature of the local food chain and considers the potential of local food production and marketing for adding value for the various actors in the chain, from producer to retailer. Questions are raised in the conclusion about the coherence and sustainability of the local food sector in the county given the differences in the ways in which producers and retailers construct ``local'' and some unintended consequences of the efforts to promote local food. The local food sector Carol Morris and Henry Buller The local food sector 559 A growing enthusiasm for ``local food'' We believe that one...
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...These weaknesses later can be translated and exploited by attackers, insider or outsider. These attackers are generally can be seen as threats. Businesses must find solutions to mitigate these threats by eliminating vulnerabilities of their system in order to reduce risk of their information and information system. Information security addresses the three following components: confidentiality, integrity and availability, which are the main goal for business toward protecting their information and information system. Confidentiality is basically to ensure no confidential data, such as customers’ data or trade secret, are acquired by unauthorized users. Example of large corporation such as Apple Inc. addresses the issue of confidentiality very seriously. Employees of Apple Inc. are not allowed to leak out secret or upcoming pattern of certain products such as Iphone or Ipad. Their database security is designed to protect any unauthorized users from accessing...
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...each came up with an idea to best help Sheila cut her apple independently. We then each shared our idea and we critiqued and commented on the deign in an attempt to further improve it. We did this until we had five refined designs we thought would be the best fit for Sheila. We then proceeded to narrow down the design to one design. We had a number of out-of-the-box yet rational designs. One idea consisted of a cutting board with a dull spike mounted down to the table and a hexagonal apple cutter coming down on it using a scissor mechanism. The user would place the apple on the dull mount. They would then pull up on the handle which is connected to the apple cutter as shown in Figure 1 Appendix D. Since the apple cutter is initially above the apple when the handle is pulled up the cutter...
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...announced virus has just passed. Many other "milestones" in the development of viruses, worms and Trojans are contained in the following summary. 1949 The theoretical preliminary work on computer viruses goes back as far as 1949. John von Neumann (1903-1957) developed the theory of self-reproducing automatons. However the details of the technical implementation were not conceivable at this time. 1970er In Core Wars programs written in so-called Redcode are at war with each other. They fight to survive in the memory area. So-called impulses spread through memory and delete addresses at random. There were also a few versions which could copy themselves. This is where the roots of computer viruses lie. 1981 Professor Leonard M. Adleman employs the term "computer virus" for the first time in conversation with Fred Cohen. 1982 The first viruses for Apple II computers are exchanged within a small circle via diskette. Due to an error, the virus caused program crashes. This error was rectified in later versions.. As the first "in the wild" Apple / DOS 3.3 virus, the "Elk Cloner" virus plagues users with spoonerisms, inverted or false displays and clicking noises. It spread via diskettes, which with other operating systems - probably inadvertently - were made unusable. In the Xerox Alto Research Centre, Jon Hepps and John Shock program the first worms. They are used for distributed calculations and spread independently in the network. Because of a program error...
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...Chapter 3 Influences in the Business Environment Personal use only Businesses operate in a dynamic, often turbulent, environment. The business environment refers to anything that affects the operation of a business. Farmers have understood the impact of the environment for centuries. The farmer has no control over aspects of the environment The business such as drought. However, the farmer can prepare for possible adversity in the environment and environment refers to quickly adapt to those changes. Effective managers are constantly monitoring the business environment to pick up any change that may impact on their business. If they pick up a change quickly and respond before their competitors, it may lead to a significant advantage to their business. This is what happened when Woolworths’ managers picked up the trend to the healthy life style before the managers of Coles. The Woolworths’ managers immediately responded by developing a focus on fresh produce, delicatessens, bakeries and dairy. Customers responded by leaving Coles and shopping at Woolworths. Now that Wesfarmers Limited has purchased Coles its managers are quickly implementing strategies to regain their competitive advantage. anything that affects the operation of the business 55 HomeThink Draw the Woolworths’ logo. What does it represent? Is it effective? 3.1 External influences The external influences from the business environment are those outside the control of a business’s managers. The...
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...Apple Computers 2011 Financial Statement Analysis Abhaya Chauhan, Surya Dantuluri, Vininder Singh Apple Computers 2011 Financial Statement Analysis Abhaya Chauhan, Surya Dantuluri, Vininder Singh Contents 0 Introduction 2 Assets and Liabilities 2 Analysis of Various Ratios 2 Liquidity Analysis: 2 Current Ratio: 2 Quick Ratio: 3 Solvency Analysis: 3 Liability-to-Equity: 3 Times Interest Earned: 3 Profitability Ratio: 4 Return on Assets: 4 Return on Equity: 4 Activity Ratios: 4 RNOA (Return on Net Operating Assets): 4 Net working Capital: 5 Accounts Receivable Turnover: 5 Footnotes Analysis 5 Research and Development 5 Stock performance 6 Stock-Based Compensation 6 Provision for Income Taxes 6 Inventories 7 Property, Plant and Equipment 7 Accounts Receivable 7 Off-Balance Sheet Arrangements 7 Commitments and Contingencies 8 Lease Commitments 8 Accrued Warranty and Indemnifications 8 Conclusion 8 Appendix 9 References: 13 Introduction Assets and Liabilities Analysis of Various Ratios Ratio analysis is done from the values from the company’s balance sheets, cash flows, operating statements and income statements. These ratios give an overview of the company and these ratios can be compared with other companies. We have calculated various ratios from the financial statements given and explained how profitable for a shareholder to consider investing in Apple. Liquidity Analysis:...
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...Dr. Shawna Wentlandt September 6, 2014 Forum 3 Management Setting Concepts, Constructs and Operational Definitions (3.3) Cooper and Schindler (2014), articulate that research requires the exploration of various questions in order to organize, understand, explain and forecast phenomena. These research inquiries must be guided through agreed upon definitions of the questions used to build the research product. These questions contain or use concepts, constructs and definitions (Cooper et al, 2014, p.50). A concept provides a common method for communicating information; it is a group of meanings and characteristics that impact events, objects, conditions, situations and behaviors (Cooper et al, 2014). Constructs are often abstract concepts; in fact concepts and constructs are easily mistaken. A construct is created by pairing less complex, more hardened concepts which provide a defined image or abstract idea enabling the researcher to organize the theory building purpose (Cooper et al, 2014). In research, definitions of concepts must be clearly defined by all parties involved in conducting the research. This will safeguard the integrity of the research. Without this synchronized understanding of definitions the output of the research will be damaged. Definitions in research consist of dictionary and operational. Dictionary definitions include a concept defined with a synonym. The operational definition contains specific criteria measuring and testing...
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...May 28, 2013 Future Trends of the Company Abercrombie & Fitch This research paper that including three different sources is aim to point out the future trends of the company Abercrombie & Fitch. From the Wall Street Journal, we can find a great article “U.S. Retail Sales Growth Expected To Pull Back in 2013” that written by Joan E. Solsman, and then realize the future trend of A&F. U.S. retail sales are expected to rise 3.4% in 2013, their slowest rate since 2010, as consumers shift to lower spending because of a bigger tax bite to their paychecks and bickering among policymakers over fiscal matters, according to the industry's biggest trade group. The National Retail Federation's projection for 2013 is below its preliminary 4.2% growth rate for 2012. It expects many of the issues that affected retail sales during a lackluster 2012 holiday season--worries about the economy's direction and increasing online competition--to remain foremost in shopper's minds early this year. The forecast excludes automobiles, gasoline stations and restaurants. Debates about the health of the economy and fiscal policy are "having a real impact on household budgets and consumer spending," said Matthew Shay, chief executive of the trade organization. He called on Congress and President Barack Obama's administration to show leadership and take concrete actions "enlarging the size of the economic pie, not just having a continuing debate about dividing up the pie in different...
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