...Case 04-1 Total Computer, Inc. Tim Jacobs (Audit Manager) was reviewing the working papers for Total Computer, Inc., a large, privately owned retailer of computer hardware in the United States. Tim is on site at the client’s headquarters and has only two sections to review: inventory reserves and accounts receivable. Inventory Reserves While reviewing the inventory working papers of Total Computer, Inc., Tim focused on the lower of cost or market (“LOCOM”) inventory reserve, which had been identified as an area of audit risk. The working papers included a schedule prepared by the client showing beginning and ending balances, write-offs, and the current-year provision. Sarah Byrd (Audit Staff) summed the schedule and traced the ending LOCOM reserve balance into the general ledger without exception. Further, Sarah documented in a memo that she held discussions with Betty Bingham (Controller) to gain an understanding of the client’s assumptions and judgments regarding the calculation of LOCOM inventory reserves. Betty prepared the LOCOM reserve based on her extensive knowledge of the company and the computer hardware business, as well as, her discussions with Jerry Lee (Director of Marketing). Sarah’s memo documented the following: • Inventory is a diverse portfolio of computer hardware produced by several manufacturers. • Total Computer, Inc., consistently has experienced an average inventory turnover of 10 times per year. • Based on his knowledge of the marketplace, Jerry identified...
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...versus the supplier The issue Sterling, Inc. had a working relation with NoBugs Corporation. NoBugs was responsible for the provision of high-quality standards of microchips to facilitate the creation of exquisite computers by Sterling, Inc. However, in a particular period NoBugs Corporation, as per the investigations, produces chips that were below the required specifications. The analysis carried out points to the cause of the explosion as the design defects of the machines that were aggravated by the imperfections caused by NoBugs microchips. The explosion leaves Sterling, Inc. in shambles. The misfortunes led to compensation for clients for the...
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...Analysis of Apple Inc. Introduction 3 Industry analysis 4 Personal computers 4 Computer software 5 iPod and iTunes 5 Company analysis 7 Apple Computers Inc 7 Apple Inc 8 Innovation 9 Profitability 9 Recommendations 11 Personal computing 11 Conclusions 12 References 13 Appendix 14 Introduction The primary purpose of this report is to execute an economic analysis on Apple Inc. We will review the impacts that the competitive market has had on Apple, since it was founded in 1976. This report will detail how Apple Inc. is both a dire example of the adverse effects of monopolistic competition on a company as other companies into the market; as well as an exceptional example the economic rewards yielded by innovation and brand differentiation within a competitive market. An analysis of Apple Inc would be incomplete without reviewing its past and present competitors. Reviewing these competitors will help the reviewer gain insight into comparative advantages held by other companies and the economic impact this has had on Apple Inc. this report will review the industry as a whole in order to understand the impacts of industry level supply and demand upon Apple Inc. The report will briefly examine the impact of market prices and international trade as an aspect of this report. More importantly, it will review specialization is undertaken by Apple Inc and the economic benefits gained by this course of action. Essentially, the economic view of Apple Inc is looking a company...
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...APPLE INC. [pic] APPLE COMPUTERS EXECUTIVE SUMMARY This research paper is fully depends upon the true information on the Apple Inc. This paper is specially made for the Apple Computers. The purpose of the paper is to provide the strategic analysis plan for the Apple Inc for the next three years i.e. 2011-2013. The strategic Management Model for Apple Inc gives the useful output from the analysis of all the factors that contributes. This project is based upon to find out the best suitable strategy for the Apple computers so that it can follow that strategy in next three years to carry out the desired goals for the organization. As per requirement of project, the external and internal analysis is carried out. Here we come up with TOWS analysis. From TOWS analysis, there is the 3 suggested strategies for the organization. From those three strategies, we have to pick the one which is best and justified it. OVERVIEW OF APPLE INC Mr. Steve Jobs and Mr. Steve Wozniak founded Apple Inc in 1976 after a long struggle. Before Apple was founded, IBM was already in the market and Apple came into existence when IBM launched its 4004 chip which makes the bulky parts of previous computers into the small chip size. (Aoki, 2009) Apple Inc is wholly owned subsidiary of Apple Inc. Apple Inc deals in designing, manufacturing the personal computers, mobiles, digital music devices, software related to items, services, peripherals and other networking services...
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...Apple and its Supply Chains Background Apple Computers, Inc. was founded by Steve Wozniak and Steve Jobs in 1976. It was the first company to create and mass produce personal computers. The company has had its ups and downs in the past thirty eight years of operation. It has seen over five Chief Executive Officers since its creation, and has had to change its business approaches several times in order to keep up with an ever-advancing technological world. Apple’s first computer led the way to further computers production by many different companies. Over the years, Apple has branched out from personal computers, although they are still one of the leading companies in sales, and they have moved into areas such as music sales and online media. Some of their competitors include Microsoft, IBM, Samsung, HP and Alienware, and that is only a few of the many competitors of Apple. In order to remain as a leading competitor in such a saturated market Apple must be innovative and aggressive with its marketing campaigns. It must also maintain customer satisfaction by keeping up with the heavy inflow of orders. Apple products have been in high demand for several decades. In order to fulfill these demands they require factories full of hard-working people, and must have available resources to fulfill the public’s needs for their products. In the past, Apple has struggled to keep up with the demand for their products. In 1995, Apple had accumulated $1 billion in backorders and did...
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...Apple Inc Student 2 Cleary University May 14, 2007 ECO320-65: CAPSTONE Economic Analysis of Apple Inc. Introduction 3 Industry analysis 4 Personal computers 4 Computer software 5 iPod and iTunes 5 Company analysis 7 Apple Computers Inc 7 Apple Inc 8 Innovation 9 Profitability 9 Recommendations 11 Personal computing 11 Conclusions 12 References 13 Appendix 14 Introduction The primary purpose of this report is to execute an economic analysis on Apple Inc. We will review the impacts that the competitive market has had on Apple, since it was founded in 1976. This report will detail how Apple Inc. is both a dire example of the adverse effects of monopolistic competition on a company as other companies into the market; as well as an exceptional example the economic rewards yielded by innovation and brand differentiation within a competitive market. An analysis of Apple Inc would be incomplete without reviewing its past and present competitors. Reviewing these competitors will help the reviewer gain insight into comparative advantages held by other companies and the economic impact this has had on Apple Inc. this report will review the industry as a whole in order to understand the impacts of industry level supply and demand upon Apple Inc. The report will briefly examine the impact of market prices and international trade as an aspect of this report. More importantly, it will review specialization is undertaken by Apple Inc and...
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...economic analysis on Apple Inc. We will review the impacts that the competitive market has had on Apple, since it was founded in 1976. This report will detail how Apple Inc. is both a dire example of the adverse effects of monopolistic competition on a company as other companies into the market; as well as an exceptional example the economic rewards yielded by innovation and brand differentiation within a competitive market. An analysis of Apple Inc would be incomplete without reviewing its past and present competitors. Reviewing these competitors will help the reviewer gain insight into comparative advantages held by other companies and the economic impact this has had on Apple Inc. this report will review the industry as a whole in order to understand the impacts of industry level supply and demand upon Apple Inc. The report will briefly examine the impact of market prices and international trade as an aspect of this report. More importantly, it will review specialization is undertaken by Apple Inc and the economic benefits gained by this course of action. Essentially, the economic view of Apple Inc is looking a company set within the market structure of monopolistic competition and how it has successfully used innovation and branding to turn itself into a pseudo-oligopoly despite competitors continually entering the market. Industry analysis Reviewing Apple Inc involves investigating the competitors that almost led to the demise of Apple Computers Inc in 1996, as well as...
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...Marketing Communications Memo PSY/322 October 7, 2013 Mary-Lynne Ament | Toys Inc | Memo To: | Management | From: | | Date: | October 7, 2013 | Re: | Educational Toys | | | | | Introduction In marketing communications there is no doubt that demographic and psychographic information is very important. In developing and creating a new line of educational toys for children aged 7-10, demographic and psychographic are going to play a major role in who Toy Inc should market to as well as what products to market. While educational toys are a great learning tool, I am going to look into a “toy” that can be used in different ways. I will go into what types of demographic and psychographic information will be the most beneficial to the organization and help create a great product to market to consumers. Marketing Objectives I will work for Toy Inc and look at what the needs of our consumers are. As well as survey the market to see what the needs are for a specific group of consumers. Because my position is creating a new line of educational toys for children aged 7-10 I must have a good understanding of our demographics. Looking at the market it must be divided into different segments based on common interests (Schiffman, L. G. and Kanuk, L, L., 2010). The key demographics that will be looked at are age and gender. When marketing educational toys, one will have to be aware of the age and gender as both boys and girls of different ages work at different...
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...is always making leaps and bounds to ensure that tomorrow’s technology is ten times better than today's. It’s only natural that Synergetic Solutions Inc. opened themselves up to a new market that coincides with their internal and external changes. Thus allowing the company to revolutionize itself. By evaluating what leaders need to successfully implement a change, coming up with strategies on how to carry out the change and what type of resistance would be met in the process. Internally they are facing changes in technology, relevance, and long term foreseen financial crisis for either not keeping up or trying to catch up. With Synergetic Solutions Inc. being a business that caters to assembling and reselling technology that becomes obsolete every six months. They have to change or recalibrate every so often how they handle their products. For example computers no longer have tubes or thirty-pound monitors, and towers are now becoming a thing of the past due to all-in-ones and touch screen options. Ever changing technology has made computers run faster and produce better graphics. For speed with an Intel Core processor, i7 beats out i5 and i3, and for better graphics for gaming or presentations AMD 8 outperforms AMD 7 and AMD 6. While this just deals with the chips, it’s easy to understand that the structure of a computer changes along with internal elements. In order to keep up with modifications technology, skills, and knowledge used to construct such instruments must...
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...and development inAplle Inc. Apple Inc. Change and Development Efforts. Abstract This research seeks to explore the issues that affect Apple Inc. and reveal how best they can be addressed. The research methodology utilized in the study will be a mixed methods approach. This utilizes both qualitative and quantitative methods as they will be used concurrently through both numerical and other word analysis. Some of the solutions proposed include the adoption of human process interventions, which helps in team building and the completion of tasks to make an organization more effective. The institution of team building allows members to detect group problems and solve them in a collective way. Changes in structural design that focus on division of labor, which defines who is to do which work is also vital. Apples Inc. also needs to move from the traditional way of division of labor to modern division of labor. This can help in improving Apple Inc.’s effectiveness. Apple Inc. should also change from rapid launching of new technology to the market and start gradual introduction to make sure that customers understand one brand before they introduce another to avoid any confusion between the models. Addressing such changes and development follows organizational development strategies such as human process intervention Introduction Apple Inc. represents a multinational...
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...Ron Edwards Research paper 10/2/08 Apple computers was established in Cupertino, California on April 1, 1976 and incorporated January 3, 1977 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company was called Apple Computers Inc. for it’s first thirty years but dropped the word “computers” leaving it’s name simply Apple Inc. when they began working on expanding into consumer electronics like the iPod and iPhone. Apple employees twenty eight thousand people world wide and posts sales in excess of twenty seven billion annually. Apple has a devoted customer base and a unique reputation in the consumer electronics industry. Fortune Magazine named Apple inc. one of the most admired companies in America. In 1976, Apple Computer Inc. began to offer the Apple I personal computer kit at the Homebrew Computer Club. The Apple I was hand made by Steve Wozniak and consisted of a motherboard (with CPU, RAM, and basic textual-video chips) less than what is today considered a complete personal computer. They went on sale in July 1976 for $666.66. Apple then incorporated on January 3, 1977 without Ronald Wayne who sold to Jobs and Wozniak for $800 at which time Mike Markkula invested $250,000 and also lent his financial expertise. To compete with the TRS-80 and Commodore PET the Apple II was introduced in April of 1977 at the West Coast Computer Faire. It distinguished itself because it came with color graphics and an open architecture. In later models it offered a 5 ¼” floppy disk for...
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...Apple as part of the Globalization process A. Benefits of outsourcing B. Inconvenient C. Final consequences on the American Economy Conclusion Reference ------------------------------------------------- Introduction Apple Inc. is an American high-tech multinational corporation engaged in researching, designing and producing electronic technology products. Apple Inc. is popular for its unique innovation and mind-boggling development rate. The products include the Mac line of computers, the Apple TV device, the iPhone smartphone, the iPod music player, the iPad tablet and the iWatch smartwatch. In addition, Apple Inc. has developed over 850,000 kinds of unique App software. In recent years, Apple has been a hot topic of concentration for people all over the world. It will be analyzed why and how Apple has become a successful media institution through analysis of the globalization and ideology of Apple. Furthermore, it will be discussed the situation of Apple in China. I. History and product line Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, to develop and sell personal computers. It was incorporated as Apple Computer, Inc. on January 3, 1977, and was renamed as Apple Inc. on January 9, 2007. Apple employs 72,800 permanent full-time employees, maintains 437 retail stores in fifteen countries,[6] and operates the online Apple Store and iTunes Store, the latter of which is the world's largest music retailer. According...
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...Table of Contents 1. Integration Paper a. Company Profile and History b. Summary OJT experience c. Assessment of OJT/Practicum Program 2. Company Brochure/Pamphlet 3. Endorsement Letter 4. OJT training Plan 5. Signed Waver Form 6. Daily Time Record (DTR) 7. Performance Appraisal Form 8. Certificate Of Completion 9. EBAY Registration Screenshot Globe Telecom Profile and History Profile Globe Telecom commonly shortened as Globe, is a major provider of telecommunications services in the Philippines, supported by over 6,200 employees and nearly 1.05 million retailers, distributors, suppliers, and business partners nationwide. The company operates one of the largest mobile, fixed line, and broadband networks in the country, providing communications services to individual customers, small and medium-sized businesses, and corporate and enterprise clients. Globe currently has about 48.4 million mobile subscribers, nearly 3.5 million broadband customers, and 858.9 thousand landline subscribers. The company’s principal shareholders are Ayala Corporation and Singapore Telecom. It is listed on the Philippine Stock Exchange under the ticker symbol GLO and had a market capitalization of US$7.4 billion as of the end of June 2015. Globe Telecom’s principal executive office is located at The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig, Metropolitan Manila, Philippines. History In 1928, Congress passed Act...
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...do influence routine decisions managers must make while planning, organizing, leading, and controlling their respective businesses. Managers also use delegation to manage the different internal and internal factors and the different management functions. Founded in 1976 in a garage behind a house, Apple Inc. through the visionary leadership of Stephen P. Jobs revolutionized the computer industry before his resignation in 1985 in large part because of his inability to respond to internal factors that should have affected his management decisions (Pollack, 1985). Over the next 10 years Apple struggled to maintain market share until Jobs returned and revolutionized the company again by deftly responding to external and internal factors to reinvent the Apple brand and return it to prominence by making products better (Bajarin, 2010). External and Internal Factors To be competitive, companies need to consider the external and internal factors, and choose the best way to implement their goals. Managers’ decisions are affected by the technological advances, competitors, government regulations, customers’ preferences, companies’ resources. When Steve Jobs returned to Apple, Inc in 1997, his decision to team up with the company’s then biggest...
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...Business Analysis Part III MGT 521 August xx, 2011 Abstract In this Business Analysis Part III I will summarize significant facts and conclude the analysis by including conclusions from Business Analysis Part I & II which will help in the decision making to invest or not in Apple Inc. Business Analysis Part III Strategic Initiatives Vision Statement According to Apple Inc “Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1985 with the Macintosh. Apple is committed to bringing the best personal computing experience to students, educators, creative professionals, and consumers around the world through its innovative hardware, software, and Internet offerings.” Mission Statement According to Apple Inc, “Apple Computer is committed to protecting the environment, health and safety of our employees, customers and the global communities where we operate. We recognize that by integrating sound environmental, health and safety management practices into all aspects of our business, we can offer technologically innovative products and services while conserving and enhancing resources for future generations. Apple strives for continuous improvement in our environmental, health and safety management systems and in the environmental quality of our products, processes and services.” Value According to its new CEO Tim Cook, Apple’s...
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