...Burlington Bees[1] Using Analytical Procedures as Substantive Tests OBJECTIVES Use analytical procedures to develop expectations for revenue accounts Recognize factors that lead to precise expectations of account balances Appreciate the degree of professional judgment involved in evaluating differences between expected and reported account balances Understand the audit planning implications of using analytical procedures as substantive tests of account balances Burlington Bees, an independent, minor league baseball team, competes in the North-west Coast League. The team finished in second place in 200X with an 87—57 record. The Bees' 200X cumulative season attendance of 434,348 spectators set a new record high for the team, up from 390,000 in 200W. Bank-loan covenants require the Bees to submit audited financial statements annually to the bank. The accounting firm of Hickman and Snowden, CPAs, has served as the Bees' auditors for the past five years. One of the major audit areas involves testing ticket revenues. Those revenues reached nearly $1.9 million in 200W. In prior years, the audit plan called for extensive detail testing of revenue accounts to gain assurance that reported ticket revenues were fairly stated. Michelle Kramme, a new audit manager, just received the assignment to be the manager on the 200X audit. Michelle worked previously on the Bees' prior-year audits as a staff auditor. When she learned she would be managing the current-year engagement...
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...Name of the Assignment Xylocopa Sp around the world Introduction The genus Xylocopa (in the subfamily Xylocopinae) is commonly known as ‘Carpenter Bees’ and one of the large bees distributed worldwide. It consists near about 500 species in 31 subgenera. The word ‘carpenter’ comes from the fact that nearly all of its species use dead wood, bamboo, or structural timbers to build their nest. Associated members of the related tribe Ceratinini are often referred to as ‘small carpenter bees’. Taxonomy In 1802, the genus was described by French entomologist Pierre André Latreille. The name was derived from the ancient Greek word xylokopos which had a meaning of ‘wood-cutter’. Characteristics The females of several species live along with their own daughters or sisters and create a small social group. They employ wood bits to form partitions between chambers in the nest. But some species are not interested in making holes in wood dwellings. Although many species are known to rob nectar by slitting the sides of flowers with deep corollas, the species of Xylocopa can be important pollinators on open-faced flowers. In the United States, there are two eastern species: Xylocopa virginica and Xylocopa micans. On the other hand, Xylocopa varipuncta, Xylocopa tabaniformis orpifex and Xylocopa californica are the names of three other species that are primarily western by distribution. X. virginica is a widely distributed species. Some species are often mistaken for...
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...Bzzzzzz bzzzzzz bzzzzzz bzzzzzzz BEES! They are everywhere! Now one common misconception of bees is that they are violent, scary creatures that are out to sting you. I myself have a terrible fear of bees. They freak me out. But after doing a lot of research on bees I have learned that there is lot more behind the stinger. So I am going to borrow a few minutes of your time to inform you on all the amazing things that make bees so remarkable and why they are so fascinating. I am going to talk to you about how their jobs provide for other bees in the colony, second I am going to talk to you about how they communicate with other bees, and then lastly I am going to talk to you about their flight and how powerful it is. So first of all bees are never alone because they are part of a colony. According to the New York Times, the jobs for bees are divided into two categories; the age of the bees and the gender. In terms of age, if you are a younger bee you will be taking care of the queen, you will be catering to the queen and all of the services the queen needs. If you are an older bee your job is to protect and build the hive and collect nectar and pollen. In terms of gender, if you are a female bee, you’re actually a worker bee. The female bees will fly out of the hives and they are the only ones that are going to collect nectar for the hive. If you are a male bee on the other hand your job is quite different. You simply protect the bee hive and fertilize the eggs of the queen...
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...I. Find the word that has its underlined part pronounced differently from the othe three in each question 1. A. would B. should C. shoulder D. could 2. A. lose B. chose C. close D. rose 3. A. missed B. washed C. hoped D. removed 4. A. retreat B. thread C. peanut D. defeat II. Find the word with the stress pattern different from that of the other three words in each question 5. A. Competent B. computer C. compliance D. commuter 6. A.industrial B. experiment C. accidental D. professional 7. A. actually B. accurate C. satellite D. political 8. A. bookstore B. between c. theater D. superman III. Identify the one underlined word or phrase that must be changed in order for the sentence to correct. 9. Different species of octopuses may measure anywhere from two inches to over A B C thirty feet in long. D 10. When rainbows appear, they are always in the part of the sky opposite directly A B C D the Sun 11. A citadel, a fortress designed for the defense of a city, unusally standed on top A B C D of a hill. 12. Many people who live in New York city thinks that life in a large city offers A B C D special advantages 13. The scientific revolution of the early 1900’s affected education by change the A B C nature of technology. D 14. On May 20,1932, Amelia Earhart became the first woman fly solo...
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...- Accounting Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested $18,000 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $375 per week, payable monthly. 2 Paid office rent for the month $900. 3 Purchased architectural supplies on account from Burlington Company $1,300. 10 Completed blueprints on a carport and billed client $1,900 for services. 11 Received $700 cash advance from J. Madison to design a new home. 20 Received $2,800 cash for services completed and delivered to M. Svetlana. 30 Paid secretary-receptionist for the month $1,500. 30 Paid $300 to Burlington Company for accounts payable due. Journalize...
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...Brief History of General Oliver O. Howard General Oliver O. Howard, a Civil War hero was born on November 8, 1830 in Leeds, Maine and died October 26, 1909 in Burlington, Vermont. He served as organizer and head of the Freedmen’s Bureau in (1865-72) and founder of Howard University. He used his position in the Freedmen’s Bureau to fight for, protect, and create educational possibilities, and a better way of life for the freedmen. Howard University gets its name from him and the Howard University Hospital, as we know it today was called "Freedman's Hospital.” He became the third president of the University, but resigned to go back to the military. The military was his love and in his blood. General Howard is described as a “Christian man who stood up for his beliefs and convictions, and who used his position as head of the Freedmen’s Bureau to fight for the well-being of Negroes in the South.”1 The General took pride in his position to defend race relations, education, and the general welfare of people. He felt that “no aspect of freedom for the newly emancipated was quite as close to his heart as that of providing educational facilities.”2 The General’s dedication and commitment to the freedmen was recognized by President Andrew Johnson, who in 1865 appointed General Howard to commission the Freedmen’s Bureau. As a result of his new appointment the General moved to Washington. Being a deeply religious man, The General’s religious roots lead him to “join others in...
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...- Accounting Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested $18,000 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $375 per week, payable monthly. 2 Paid office rent for the month $900. 3 Purchased architectural supplies on account from Burlington Company $1,300. 10 Completed blueprints on a carport and billed client $1,900 for services. 11 Received $700 cash advance from J. Madison to design a new home. 20 Received $2,800 cash for services completed and delivered to M. Svetlana. 30 Paid secretary-receptionist for the month $1,500. 30 Paid $300 to Burlington Company for accounts payable due. Journalize...
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...Raising Of A Serial Killer the word “serial killer” comes to mind, usually for me the name Ted Bundy is the one that dominates. Before Bundy was executed in 1989, he confessed to killing more that thirty women in almost a dozen states across the U.S. during his four year long string of murders in the 70s. “The thing that set Ted Bundy away from the serial killer’s stereo typical analysis is that he was such a mainstream All-American man that the Washington State Republican Party hired him, so cunning that he escaped from jail, twice, and so dashing that a woman friend used to send marriage proposals to him on death row.” (www.crimemageyine.com) If this man was such a moral citizen, what could have brought him to the torturous murders of those young women? What psychological explanation is given on his behalf? I feel that a child’s upbringing and their exposure to different things can also trigger certain urges. Usually, the profile of a serial killer tends to be white heterosexual males in their twenties or thirties. While it is impossible to predict who will become a serial killer, there are traits that appear to be similar in all killers. These behaviors include cruelty to animals, bedwetting, lying, stealing, cheating, alcohol and drug abuse, and a very high fascination for pornography. A lot of these traits are prominent in Ted Bundy’s character. An obvious one was he was white, he had a history of torturing animals and was often found reading his grandfather’s porn magazines...
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...“I’ll be fine, they tell me. I won’t die. It’ll just hurt a lot.”(Lockhart 34) We Were Liars E. Lockhart. Cadence’s family has always sought to present itself as perfect, rich Democrats. During the summer vacation of her fifteenth year on her family’s private island, Cadence has an accident which causes her to suffer debilitating headaches. Cadence also has amnesia, and can’t remember the details of what happened to her that summer. During the summer of her seventeenth year, Cadence tries to learn the truth about what really happened to her. Her grandfather tries to manipulate his children through the promise of houses and jewelry. Throughout the book you find out more about the family and about the accident. One reason to read it is because it is very interesting and has many plot twists. It makes you keep reading because it is a very big mystery on what caused her accident and why can’t she remember anything. Cadence Sinclair Eastman is the main character and narrator of the book. She is the only daughter of Penny Sinclair Eastman and the oldest granddaughter of Harris and Tipper Sinclair. Cadence suffers with migraine headaches which she believes were caused by a traumatic head injury she suffered during the summer she was fifteen while she was vacationing on her grandparents’ private island. Cadence, however, does not remember what caused her brain injury and her family will not tell her the specifics of her accident. “I used to be blonde, but now my hair is black.” “I...
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...------------------------------------------------- International Integrated Reporting ------------------------------------------------- －The Clorox Company JWM 02-15-2014 * Background of Clorox Company Clorox is a global company, which is based on Oakland, California. The Company has leading brands that have become household names, such as the Clorox bleach and cleaning products, Green Works naturally derived cleaning products, Ayudín and Poett home care products, Brita water filtration products, and Burt's Bees natural personal care products. Clorox manufactures products in more than two dozen countries and market them in more than 100 countries (Company, 2013). On May 3, 2013, Clorox celebrated its 100th anniversary, which showed the company provided the products and services to customers for a century. It has more than 8,400 employees worldwide, and the net sales of the company in 2013 are $5.6 billion, which is the No. 361 on Fortune 500 list (Our leadership, 2013). The mission of the company is to make people everyday life better. Because of that mission, the company creates many strategies to improve the products and services. In 2008, the Clorox Company released and developed a natural cleaning line and Green Works that created environmental friendly. In 2011, the Clorox Company became an early adopter of a corporate trend to integrate corporate social responsibility reporting with financial reporting. Before adopting an Integrated Reporting format, the...
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...head: BURT’S BEES MOVING DECISION1 Roxanne Quimby Case: Burt’s Bees Moving Decision Katherine J Kelley University of Mary Abstract Burt’s Bees is an American natural personal care products subsidiary of Clorox, originated in 1984 in Dover-Foxcroft, Maine as a partnership between Roxanne Quimby and Burt Shavitz making and selling items out of leftover beeswax. Over many years, they built the business into Burt’s Bees, which was a leading natural personal-care brand. In 1993, the business had reached $3 million in sales and Quimby was convinced moving to a new location would bring new advances to the business. That’s when she started to seek out locations that were more business-friendly. Its headquarters moved from Maine to Creedmoor, North Carolina. Over many years, they built Burt’s Bees to offer over 100 natural personal-care products in 4,000 locations with sales growing more than $8 million in addition. Growing out of their 18,000-square-foot factory, they moved once again to Durham, North Carolina. In 1999, Quimby bought out Shavitz’s stake in the company. In 2004, Quimby sold Burt’s Bees to AEA Investors for 80% of the company for $173 million. She would continue to stay on as the CEO of the company. They continued to build Burt’s Bees to offer over 197 products for facial and body skin care, lip care, hair care, baby care, men’s grooming, and outdoor remedies in nearly 30,000 locations. In late 2007, Clorox Company acquired Burt’s Bees for $925 million...
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...1. Develop a brand positioning map using the information in the case. In a 2x2 map, plot the different brands including Burt's Bees on what you consider to be the two important/relevant attributes for consumers in this category. Two relevant attributes for consumers in this category are types of product ranging from natural and pseudo-natural to traditional, and brand usage or awareness. Consumers can make the decision based on what they prefer- natural products cost higher than traditional; however, some people would prefer reasonably priced products regardless of their ingredients. Brand usage indicates how the brand is popular among consumers as consumers would rather spend on brands that they can trust rather than the ones that may use natural ingredients but have failed to convey their value proposition to the consumers effectively. Basically, if the consumers’ perception of the overall brand is positive, they would buy the brand. However, consumers need to have strong brand awareness to have the positive perception about the value proposition and image of the brand. 2. What are the sources of Burt's Bees' brand equity? Utilize concepts from the course. Use facts from the case to support your position. Brand awareness and brand image contribute towards strong brand equity. As Burt’s Bees want to enter the mass market, one needs to consider the brand awareness of brands such as Dove and Olay. These brands are known for their traditional products and rank high on...
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...problems ihat inspired this raove. ln Moine, Buri's Bees would probobly never grow over $3 million in soles, ond Quimby feh it hod potentiol for much more. substonfiolly? Whoi is ihe difference between an ideo ond on opportunify? For whom? Whot con be leqrned from Exhibits C ond D? Roxunne Ouimby 4 Why hos fte compony succeeded so fqr? The Blcck Sheep 5 Whqt should Roxonne snd Burt do, ond why? "l wos o real blqck sheep in my fomily," Quimby soid. gool fcr the first year vws $ /0,000 in totol sales. / fgured i{ / cou/d tctke hcne holf o{ tho; it would be more money f/tan /C ever seen. Our Roxonne Quimby She hed one sisier who worked for AMEX ond another sister who worked for Chsrles Schwqb, ond her {qther worked for Merrill Lynch. She was not interesbd in business ol oll, though, qnd considered it dull. Quimby aftended ihe Ssn Froncisco Art lnstitute in the fate l96Os " ond "got rodicslized out there," she exploined. "t stud" ied, oil poinled, ond groduoled without cny iob Roxqnne Quimby sct in fhe president's office of Burf's Bees' newly relocobd mcnufocturing facility in Roleigh. North Cqrolino. $he wqs surrounded by unpocked boxes ond silence from the unrnoving mochines wiih no one there lo operole them. Guimby looked oround ond osked herself, "Why dtd I do this?" She felt lonely ond missed Msine, Burt's Bees' previous home. Quimby hod founded snd built Buri's Bees, o rnqnufscturer of beeswsx-bqsed personol...
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...Burt’s Bees Has Buzzed its Way to the Top of the Natural Care Product Market Kelsey Morales, Madeleine Tessier, Kelsey Rosentreter TABLE OF CONTENTS Table of Contents…………………………………………………………………………………………..…….…..2 Thesis Statement………………………………………………………………………..……………….…..….……3 Introduction to Burt’s Bees History…………………………………………………………………...….……..…4-5 (Kelsey Morales) Burt’s Bees is a Green Company…………………………………………………………...…….…...….………5-6 (Kelsey Morales) Charity and Giving back to the Community……………………………………..………………………….………6 (Kelsey Morales) Clorox Takes over Burt’s Bees Ownership…………………………………………………...……….…………6-7 (Kelsey Rosentreter) The Current Company Structure…………………...…………………………….…………………….……………8 (Kelsey Morales) Steps of Product Production…………………………………………………….…………………………….……..8 (Kelsey Rosentreter) Product Mix……………………………………………………………….........................................................8-10 (Madeleine Tessier) Packaging…………………………………………………………………………………………………………10-11 (Madeleine Tessier) SWOT Analysis …………………………………………….……………………………………………………11-12 (Kelsey Rosentreter) Conclusion………………………………….………………………………………………………………….…12-13 Bibliography…………………………………………….………………..………………………………….……14-15 Thesis statement: Burt’s Bees is an earth-friendly personal care product company that specializes in 100% natural products. They offer many different product lines and are sold in a variety of stores, both locally and internationally. . In this research report we will demonstrate...
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...In order to sale our products we must first figure out who our customers are and who will buy our product. We must identify our target market and target the business marketing efforts on them. We will be going over some customer segments and selecting a target market that would be interested in our products. The products that we will be selling are Clorox Green Works all natural cleaning products. Name of Customer Segments I decided to go with the Young Accumulators. The customer segments that are included are the following: • Upward Bound • Beltway Bloomers • Kids & Cul-de-sacs • Fast Track Families • American Dreams (Nielsen, 2013). There are many reasons why I decided to go with this target market. This target market have mid- sized homes and large families. They enjoy outdoor sports, kid friendly technology and adult toys such as campers, motorcycles and boats. They enjoy cable network that are targeted to children and teenagers. They are ethnically diverse and a young crowd. Their median household income is around 70,627 (Nielsen, 2013). The Product that we will be selling to our target market is Clorox Green Works all natural cleaning products. These products are natural and free of harsh chemical fumes or residue. It is a great product that will clean your worse messes while being safe and nontoxic. Why This Particular Customer Segment is interested in Our Products We believe that this target market will purchase and enjoy our Green Works all natural...
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