Analytical procedures used in planning an audit should focus on identifying
a. Areas that may represent specific risks relevant to the audit.
b. The various assertions that are embodied in the financial statements
c. Material weaknesses in the internal control structure
d. The predictability of financial data from individual transactions.
In: Accounting
how can benefit from C++ to develop a simple system for diagnosing number of people whom affected by Coronavirus during a period of two weeks depending on the temperature and Oxygen rate of each individual person. Note: the temperature on the normal person is (37) and the Oxygen rate is above (90).
In: Computer Science
Lister Inc. is a small, publicly traded data processing company that has $200 million in debt outstanding, in both book value and market value terms. The book value of equity in the company is $400 million and there are 40 million shares outstanding, trading at $20/share. The current levered beta for the company is 1.15 and the company’s pre-tax cost of borrowing is 5%. The current risk-free rate in US $ is 3%, the equity risk premium is 5% and the marginal tax rate is 40%.
In: Finance
In: Accounting
Select a company that maintains an inventory. Don't use a
company that someone has already used. Please put the company name
as the subject of your post. (No posting the company name only to
hold it. You must make a full post or I will delete it.)
Access a recent annual 10-K report for the company
at the EDGAR filings atwww.SEC.gov or Yahoo or Google finance.
Review the report and tell us the following:
1. When the report was filed and the time period it
covers.
2. What are the company's major product lines?
3. What inventory methods do they use? (Hint: see the Notes of the
financial statements)
4. If available list the major components of the inventory and
their values (most will be in millions).
5. Include any other information you find interesting about the
financial statements.
In: Accounting
Hi, can you answer this question in more detail?
Subject: Business Policy and Strategy
The G2000 Group was founded by Michael Tien in 1980 in Hong Kong. The label G2000, first introduced in 1985, was positioned as a specialty clothing chain distributing fashionable men’s and women’s career wear. Today, the G2000 Group is a multi-brand specialty retailer offering an assortment of men’s and women’s apparel and accessories, operating under different labels: G2000 MAN, G2000 WOMAN, G2000 studio, BLAACK and At Twenty.
(G)
As for the situation analysis of G2000 company, it involves the following four topics, shows your theoretical understanding, and adopts RBV-VRIN method to evaluate internal resources for the local market of Hong Kong.
( Words: 700 - Need to be original, Don't direct copy )
• Value: Resources that can bring value can be a source of competitive advantage. Keep in mind that not all resources are equally easy to obtain.
• Rareness: Resources that are available to all competitors rarely provide any significant competitive advantage.
• Imitability: An ideal resource cannot be obtained by competing businesses.
• Non-substitutable: An ideal resource cannot be substituted by any other resource.
In: Operations Management
Hi, can you answer this question in more detail?
Subject: Business Policy and Strategy
The G2000 Group was founded by Michael Tien in 1980 in Hong Kong. The label G2000, first introduced in 1985, was positioned as a specialty clothing chain distributing fashionable men’s and women’s career wear. Today, the G2000 Group is a multi-brand specialty retailer offering an assortment of men’s and women’s apparel and accessories, operating under different labels: G2000 MAN, G2000 WOMAN, G2000 studio, BLAACK and At Twenty.
(C)
As for the situation analysis of G2000 company, it involves the following four topics, shows your theoretical understanding, and adopts RBV-VRIN method to evaluate internal resources for the local market of Hong Kong.
( Words: 700 - Need to be original, Don't direct copy )
• Value: Resources that can bring value can be a source of competitive advantage. Keep in mind that not all resources are equally easy to obtain.
• Rareness: Resources that are available to all competitors rarely provide any significant competitive advantage.
• Imitability: An ideal resource cannot be obtained by competing businesses.
• Non-substitutable: An ideal resource cannot be substituted by any other resource.
In: Operations Management
Greystone Bhd is a retailer of ladies clothing and accessories.
It operates in many countries around Asia and has expanded steadily
from its base in Putrajaya. Its main market is aimed at 15 to 35
year olds and its prices are mid to low range. The company’s
year-end was 30 September 2017. In the past the company has bulk
ordered its clothing and accessories twice a year. However, if
their goods failed to meet the key fashion trends then this
resulted in significant stock write downs. As a result of this the
company has recently introduced a just in time ordering system. The
fashion buyers make an assessment nine months in advance as to what
the key trends are likely to be, these goods are sourced from their
suppliers but only limited numbers are initially ordered. Greystone
Bhd has an internal audit department but at present their only role
is to perform regular stock counts at the stores. Each country has
a purchasing manager who decides on the initial stock levels for
each store, this is not done in conjunction with store or sales
managers. These quantities are communicated to the central buying
department at the head office in Putrajaya. An ordering clerk
amalgamates all country orders by specified regions of countries,
such as Pakistan and North Vietnam, and passes them to the
purchasing director to review and authorise. As the goods are sold,
it is the store manager’s responsibility to re-order the goods
through the purchasing manager; they are prompted weekly to review
stock levels as although the goods are just in time, it can still
take up to four weeks for goods to be received in store. It is not
possible to order goods from other branches of stores as all
ordering must be undertaken through the purchasing manager. If a
customer requests an item of clothing, which is unavailable in a
particular store, then the customer is provided with other branch
telephone numbers or recommended to try the company website.To
speed up the ordering to receipt of goods cycle, the goods are
delivered directly from the suppliers to the individual stores. On
receipt of goods the quantities received are checked by a sales
assistant against the supplier’s delivery note, and then the
assistant produces a goods received note (GRN). This is done at
quiet times of the day so as to maximize sales. The checked GRNs
are sent to head office for matching with purchase invoices.
As purchase invoices are received they are manually matched to GRNs
from the stores, this can be a very time consuming process as some
suppliers may have delivered to over 500 stores. Once the invoice
has been agreed then it is sent to the purchasing director for
authorisation. It is at this stage that the invoice is entered onto
the purchase ledger.
Required:
As the external auditors of Greystone Bhd , write a report to
management in respect of the purchasing system which:
(a) Identifies and explains FOUR deficiencies in that system;
(b) Explains the possible implication of each deficiency;
(c) Provides a recommendation to address each deficiency.
A covering letter is required in which two marks will be awarded
within this requirement for presentation.[30 marks)
In: Accounting
Case Study-2
International trade theories argue that nations should open their doors to trade Conventional free trade wisdom says that by trading with others, a country can offer its citizens a greater volume and selection of goods at cheaper prices than it could in the absence of it. Nevertheless, truly free trade still does not exist because national governments intervene. Despite the efforts of WTO (World Trade Organization) and smaller groups of nations, government seems to be crying foul in the trade game now more than ever before.
We see efforts at protectionism in the rising trends in governments charging foreign producers for "dumping" their goods on the world market. Worldwide, the number of anti-dumping cases that were initiated stood at about 150 in 2014, 225 in 2015, 230 in 2016, and 300 in 2017.
There is no shortage of similar examples. The US charges Brazil, Japan, and Russia with dumping their products in the US market as a way out of tough economic times. The US steel industry wants the government to slap a 200 percent tariff on certain types of steel. But car makers in US are not complaining, and General Motors even spoke out against the anti-dumping charges — as it is enjoying the benefits of low cost steel for the use in its auto production. Canadian steel makers followed the lead of the US and are pushing for anti-dumping actions against four nations.
Emerging markets too, are jumping into the fray. Mexico recently expanded coverage of its Automatic Import Advice System. The system requires importers (from a selected list of countries) to notify Mexican officials of the amount and price of the shipment 10 days prior to its expected arrivals in Mexico. The ten day notice gives domestic producers advance warning of incoming low priced products so they can complain of dumping before the product clear customs and enter the market place. India is also getting onboard by setting up a new government agency to handle anti-dumping cases.
Why dumping is on the rise for the first place? The WTO has made major inroads on the use of tariffs, slashing them across every product category in recent years. But the WTO does not have the authority to punish companies, but only governments. Thus the WTO cannot pass judgments against individual companies that are dumping their products in other markets. It can only pass the rulings against the governments of the country that imposes anti-dumping duty. But the WTO allows countries to retaliate against nations whose producers are suspected of dumping when it can be shown that:
i) The alleged offenders are significantly hurting the domestic producers.
ii) The export price is lower than the cost of production or lower than the home market price.
Supporters of anti-dumping tariff claim that they prevent dumpers from undercutting the price charged by the producers in a target market and driving them about of business. Another claim in support of anti-dumping is that it is an excellent way of retaining some protection against the potential dangers of totally free trade. Detractors of anti-dumping tariffs charge that once the tariffs are imposed they are rarely removed. They also claim that they cost companies and governments a great deal of time and money to file and argue their cases. It is argued that the fear of being charged with dumping causes international competitors to keep their price higher in the target market than would have otherwise be the case. This would allow domestic companies to charge higher prices and not loose market shares forcing consumers to pay more for their goods.
Required Question
Questions 01: Based on the above case study, evaluate the effects of dumping on domestic business and also on the consumers
In: Operations Management
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In: Nursing