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
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choose one with a more mainstream background. The twin towers were built in New York, New York, USA by architect, Minoru Yamasaki and Associates. The One World Trade Center was completed in 1972 at 1,368 feet high, and the Two World Trade Center was completed a year later in 1973 at 1,362 feet high, both with 110 stories. At the time of the completion of the two buildings, the Twin towers were known as the tallest buildings in the world. Yamasaki worked as a disciple of Mies van der Rohe favoring
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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
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1 1750, Average temperature coming in at 57 degrees. Nearly an one to one ratio as equal amounts of both carbon dioxide CO2 and Methane CH4. Nitrous Oxide N2O was virtually invisible. It was a clean environment and It would be interesting to see just how fresh the air would have been to breath back in that time frame. There we're only a small rural farms, no automobile fossil fuels being burned. Test 2 Current: Average temperature coming in at 59 degrees. Carbon Dioxide CO2 is still being developed
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Licensed to: iChapters User Licensed to: iChapters User CONTEMPORARY AUDITING REAL ISSUES & CASES MICHAEL C. KNAPP SEVENTH EDITION MAKE IT YOURS! SELECT JUST THE CASES YOU NEED Through Cengage Learning’s Make It Yours, you can — simply, quickly, and affordably — create a quality auditing text that is tailored to your course. • Pick your coverage and only pay for the cases you use. • Add cases from a prior edition of Knapp’s Contemporary Auditing. • Add your course materials
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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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Annual Report Analysis On Home Depot, Inc. DeVry University Intermediate Accounting Introduction Home Depot, Inc., founded in 1978 by Bernie Marcus and Arthur Blank, decided to team up with investment banker Ken Langone and merchandising guru Pat Farah ultimately became the visionaries for the one-stop-shop do-it-yourself store which today has become a very lucrative business bring the vision to fruition. The Home Depot is the world’s largest home improvement retailer based upon reported
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battle-worthiness. But these questions serve another purpose, too – interviewers want you to showcase your ability to analyze a situation, and to form conclusions about this situation. It is not necessarily important that you come up with a correct answer, just that you display strong analytical ability Acing Guesstimates We’ll start by discussing guesstimates, for which candidates are asked to come up with a figure, usually the size of a market or the number of objects in an area. Although guesstimates
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Companies, Inc., 2010. All rights reserved. Solutions Manual, Appendix 11B 1 b. Yes, the contract probably should be signed. The new price of $18.75 per ounce is substantially lower than the old price of $20.00 per ounce, resulting in a favorable price variance of $15,000 for the month. Moreover, the material from the new supplier appears to cause little or no problem in production as shown by the small materials quantity variance for the month. © The McGraw-Hill Companies, Inc., 2010. All
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• Gap Inc. has the components of a global retailer: centralized, standardize, and vertically integrated o (They look for countries that will except their company as is without much change… this is true to Gap Inc. the biggest change in their merchandise came during the move to Japan where they altered their clothing size to fit them) • Although most of gaps revenue (about 89 %) comes from domestic sales, it has expanded internationally to the United Kingdom, Canada, Germany, France, and Japan
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