merchandiser in a cash rich environment are – Establishment of responsibility Segregation of duties Documentation procedures Physical controls Independent internal verification 3- The Sarbanes-Oxley Act (SOX) requires that all publicly traded U.S. corporations are required to sustain a satisfactory structure of internal controls. In addition to internal controls each organization must be able to confirm their compliance by an independent outside audit. SOX came about because of public
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difference in ethical behavior; the question came to mind; has any law ever succeeded in legislating ethical behavior? The short answer is no, but SOX has lessened the chance of unethical behavior going un-detected. In 2006 top executives at over 150 companies took advantage of lenient reporting policies; where they chose the lowest stock price during a previous quarter, then cashed out at a higher price thereby increasing their profits (Sweeney, 2012). These individuals were caught and this behavior will
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its videoconferencing company of choice. By providing a range of products to fit different application needs, TANDBERG was able to provide Reebok a solution for maintaining worldwide communication while reducing product development time. TANDBERG's portfolio of products presented a significant value for incorporating innovative technology with value and customer support. About TANDBERG TANDBERG is one of the world’s largest providers of videoconferencing solutions. The Company designs, develops, and
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accepted a job offer. The first day on the job, while you were finishing your employment paperwork, Chris Guthrie, who works in finance, stops by to inform you about the company's 401(k) plan. A 401(k) plan is a retirement plan offered by many companies. Such plans are tax-deferred savings vehicles, meaning that any deposits you make into the plan are dedicated from your current pre-tax income, so no current taxes are paid on the money. For example, assume your salary will be $30,000 per year
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drinking options abound. And, while there are certainly dominant players in this industry (especially among fast-food purveyors and large fast- food chains that offers to drink and dine), no one company has the market cornered. Indeed, virtually every restobar location must compete not only against other publicly traded chains, but also with a wide array of small, local establishments with a touch of marketing strategies and advance advantages. Competitors include everything from advance technology lighting
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Second Homework 1. Publicly traded firms are required to produce annual reports and other disclosures. In what ways might a rival firm benefit from such disclosures? As part of your answer, identify at least one benefit that might have the effect of harming the disclosing firm. Analysts typically research and make buy and sell recommendations for about ten companies. Each analyst tends to follow firms that are all in the same industry. Why? Think about the process of gathering, understanding and
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information. With the implementation of XBRL, businesses are provided with real time financial analysis. Essentially, creating a big picture of the state of the financials of the company, which can be produced and transferred quickly and easily allowing critical information to be compared on a local company or a global company at the click of a mouse. With the overwhelming acceptance of XBRL in the United States and the world, many businesses are voluntarily applying XBRL programming to their reporting
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Introduction The Coca-Cola Company is an American multinational beverage corporation and manufacturer, retailer and marketer of nonalcoholic beverage concentrates and syrups, which is headquartered in Atlanta, Georgia. The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton in Columbus, Georgia. The company operates a franchised distribution system dating from 1889 where The Coca-Cola Company only produces syrup concentrate which is then
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Current business model is still fitting with company values and goals Office furniture industry is constantly in a state of flux 2002 March (cc) image by jantik on Flickr Equa Chair Established in 1905 Began as Star Furniture Company in Michigan Only manufactured bedroom suites until 1942 Today it is a $1.3 billion global company Expanded internationally in the 1950's In the 1960's created the Action Office System In 1970 became a publicly traded company In the 1980's the Equa chair was named
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Inform the President of any new internal control requirements if the company decides to go public. (7 points) According to the Sarbanes Oxley Act of 2002, all publicly traded U.S. corporations are required to maintain an adequate system of internal control at all time. As LJB Company President, you should be aware that a control environment must be presented at all times, and “that unethical activity will not be tolerated.” Your companies must identify and analyze the various factors that could create
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