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
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Accounting 3411 Case Study #1: Forest Hill Paper Company By Thomas L. Albright Forest Hill Paper Company (FHPC) is a closely-held paperboard manufacturer that has been struggling with a number of strategic issues facing a capital-intensive, mature industry. Their product costing system was inadequate to provide management with relevant information for decision making. Therefore, the board of directors has approved your consulting company’s proposal to conduct a cost system pilot study. Besides
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arresting homeless people really going to benefit the community as well as the homeless? In an article written by Michael Maskin, a senior at Tufts University, titled “No Safe Place: How cities are making it illegal to be homeless,” Maskin explains the case of Jerome Murdough, a 56 year old veteran who was homeless and arrested for seeking a safe place to sleep. Instead of a safe place to sleep, he died in Riker’s Island prison for not having $2,500 to post bail. “Instead of receiving needed assistance
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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
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background information, industry characteristics, calculations, and analysis. Case Study 1 ExxonMobil Corp. Acquisition of XTO Energy, Inc. Case Study 1 ExxonMobil Corp. Acquisition of XTO Energy, Inc. EXECUTIVE SUMMARY The purpose of this document is to outline elements of the acquisition process in the energy industry by detailing ExxonMobil Corp.’s (referred to as ExxonMobil) acquisition of XTO Energy, Inc (referred to as XTO). This transaction was announced in December 2009 and finalized
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Name: Nike Inc. Industry: Retail 1. Describe your product including the features and benefits to your target market? Our product is the Nike Raw. The Nike Raw is a new shoe design that allows more airflow in that shoes that keeps your feet cool. The Nike Raw is a lightweight shoes that comes in multiple colors with some new features that Nike haven’t added to any of their newer products. The Nike Raw comes with a lightweight sole cushion that feels lighter and makes your feet more mobile
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A CONTEMPORARY AUDITING REAL ISSUES AND CASES Seventh Edition Michael C. Knapp University of Oklahoma ; \ 1% SOUTH-WESTERN CENGAGE Learning- Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States CONTENTS SECTION 1 Comprehensive Cases 1 Case 1.1 Enron Corporation 3 Arthur Edward Andersen established a simple motto that he required his subordinates and clients to invoke: "Think straight, talk straight." For decades, that motto sewed Arthur Andersen
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Company’s Market Segments NIKE, INC Dessey Holm MBA6012 u03a1 Due: June 08, 2014 Email: des69sey@hotmail.com Professor: Ted Framan Market segments is a division of a market into smaller submarkets based on characteristics that are in common. For example, there is a segment for noncustomers, customers, level of service, behaviors, and demographics to name a few divisions. In the marketing world, dividing into smaller segments allows businesses to develop a marketing strategy tailored
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investment activity of the city. They had known each other prior, in the early 1980’s when McClendon was the boss of Stanford in the city’s finance department. In the early 1990’s, Stanford’s husband Charles, the owner of Montclaire Financial Group Inc., was hired for consulting work at PMC. The city of Atlanta requires their city officials to fill out a conflict of interest form, but during the early years of the 90’s, the form had no spousal provisions, allowing PMC to handle more than 90% of the
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Linen N Things Linens ’n Things Center, Inc. is a wholly owned subsidiary of Linens ’n Things, Inc. The Company and Linens ’n Things, Inc. are wholly owned subsidiaries of Linens Holding co. The Company is a specialty retailer of home textiles, housewares and home accessories in North America operating 589 stores in 47 United States and seven Canadian provinces as of December 29, 2007. The Company is a destination retailer, offering one of the selections of brand-name, as well as private label
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