...On 29th June 1936, Eddie Koiki Mabo was born in a community called Las on Mer (Murray Island) in the Torres Strait. He was originally known as Eddie Koiki Sambo but was adopted by his uncle Benny Mabo later on in his life and became Eddie Koiki Mabo. When he was 16 years old, Eddie was sent away from the island to work across Northern Queensland. He then settled in Townsville in 1962 with his new family. Yumba Meta was an association in Townsville, known for purchasing homes using government funds and Eddie was elected as a president of the association. In 1973, he established Australia’s first Black Community. Murray Island was always controlled by the Queensland Government during Eddie’s childhood but that didn’t seem to change the history of the Island or the lifestyle the Meriam people...
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...| Inventory Turnover | 3.23 | 4.38 | 5.14 | 5.88 | Shown above are some of the key ratios for Crazy Eddie during the period 1984-1987. Some of the red flags these ratios reveal include the steady decline of inventory turnover rates from 1984-1987 which could indicate lost sales, excess inventory, or ineffective buying. Another red flag is the accounts receivable turnover figures. The drop from 116.78 in 1986 to 32.5 in 1987 is most likely a result of the poor credit policies Crazy Eddie had in place for its customers. 2.) Several audit procedures could have led to the detection of some of the accounting irregularities involved in the financial statements of Crazy Eddie. For (a) the falsification of inventory count sheets, the auditors could have visited more than one site of a Crazy Eddie store and performed full physical counts of inventory that didn’t allow Eddie Antar to stock up one location with inventory which he knew would be audited. Also, the auditors could have checked the inventory that was in place with the amounts on the inventory sheets and obtain proper documentation from vendors and confirming with them the proper inventory that was ordered. With regards to (b) the bogus debit memos for accounts payable, the auditors could have confirmed notes payables with banks and creditors that they have received payment or are expecting payment from Crazy Eddie, and trace those numbers with amounts in the general ledger for accounts payable. For (c) the recording...
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...Crazy Eddie The major schemes involved were the overstatement of inventory and the understatement of accounts payable. The overstatement of inventory was accomplished by preparing inventory count sheet for items that did not exist. In order to fix a drop in same-store sales Antar would record transshipping transactions as retail sales of individual sales. This meant that inventory would not be credited for the total number actually sold. It would inflate selected operating units in addition to overstating the entire inventory available. In addition, the company included consigned merchandise and goods being returned to suppliers in its inventory. The understatement of accounts payable was accomplished by preparing faux debit memos from vendors that were entered into the company’s accounting records. The red flags of this fraud included the tight circle of relative that ran the company, the fact that Crazy Eddie’s accountants were former employees of the external auditors, unqualified and inexperienced accounting and finance personal, intolerance to switch to an electronic inventory system, missing documentation and the continuation of impressive figures despite the leveling of the electronic boom. As for inventory the auditors should have been concerned with existence, and rights and obligations. The existence should have been tested by picking a random selection of inventory from a detailed list of the inventory stated in the financial statements. This selection of inventory...
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...w. wi l ey .c om/ c o l le ge / aak CASE 5-1 Barkley Foods Joyce Stevenson, the manager of marketing research for Barkley Foods, had just left an emergency meeting with the firm’s president. An opportunity to buy an established line of gourmet (high-quality/high-priced) frozen dinners had arisen. Because there were other interested buyers, a decision had to be made within three or four weeks. This decision depended on judgments about the future prospects of the gourmet frozen dinner market and whether Barkley could achieve a competitive advantage. The marketing research group was asked to provide as much useful information as possible within a 10-day period. Although uncomfortable with the time pressure involved, Joyce was pleased that marketing had finally been asked to participate in the analysis of acquisition prospects. She had pressed for such participation and now she had to deliver. Because of prior work on frozen fruit juices, Joyce had some knowledge of the gourmet frozen market. It was pioneered by Stouffer, who introduced the Lean Cuisine line of entrees in 1981. Since then, other firms have entered the industry with complete gourmet dinners (including Swanson’s Le Menu and Armour’s Dinner Classics). The distinction between entrees, dinners, and the three main types of food offered— conventional, ethnic (i.e., Benihana Restaurant Classics), or low-calorie (i.e., Weight Watchers or Light & Elegant)—define relevant submarkets. Joyce hypothesized that the gourmet...
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.........2 Analysis and Law.........................................................................................5 Conclusion/ Recommendations…………………………………….………9 Issues 1. Compute key ratios and other financial measures for Crazy Eddie during the period 1984-1987. Identify and briefly explain the red flags in Crazy Eddie’s financial statements that suggested the firm possess a higher-than-normal level of audit risk. 2. Identify specific audit procedures that might have led to the detection of the following accounting irregularities perpetrated by Crazy Eddie personnel: (a) the falsification of inventory count sheets, (b) the bogus debit memos for accounts payable, (c) the recording of transshipping transactions as retail sales, and (d) the inclusion of consigned merchandise in year-end inventory. 3. The retail consumer electronics industry was undergoing rapid and dramatic changes during 1980s. Discuss how changes in an audit client’s industry should affect audit planning decisions. Relate this discussion to Crazy Eddie. 4. Explain what is implied by the term lowballing in an audit context. How can this practice potentially affect the quality of independent audit services? 5. Assume that you were a member of Crazy Eddie audit team in 1986. You were assigned to test the client’s year year-end inventory cutoff procedures. You selected 30 invoices entered in the accounting records near year-end: 15 in the few days prior to the client’s fiscal year-end and 15 in the...
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...Eddie Liu committed the theft to satisfy his selfish needs, but in the process, all parties concerned had to bear the consequences. First, Lee and Li’s reputation was seriously affected in Taiwan and abroad. The firm’s core principles of excellence in quality and client service were jeopardized since Liu used Sandisk’s shares to perpetuate the fraud. Prospective clients might find it difficult to trust the firm and would prefer taking their business elsewhere. Besides losing important clients, Lee and Li would have to make extra effort to restore its tarnished image. Second, apart from the fact that Lee and Li had no insurance to cover the embezzlement, partners in Taiwan shared unlimited liability. Therefore, lawyers like Paul Hsu, C.V Chen and Kwan-Tao Li were more vulnerable in this situation: they faced the possibility of loosing all of their possessions and professional livelihood. Third, Lee and Li could face bankruptcy and might be forced to close down. Consequently, lawyers and staff working at the firm would lose their jobs and would not be able to provide for their families until they found another job. After being informed about the embezzlement, Lee and Li should take corrective decisions and act quickly to ensure that the firm survives. Since news of the fraud hadn’t made the headlines yet, senior partners should first try to handle the situation internally. In this scenario, it is crucial that they are surrounded by highly-trusted people to help bring the...
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...unity is the unity between Eddie and Bonita and the continual support from Netta shown in numerous ways throughout the fillm. Another example is the unity amongst Eddie and his legal team as well as the Passi brothers because without them, Eddie would not have the same confidence. Nevertheless, a lack of unity is demonstrated in his argument with Netta and the physical abuse that followed. The most important demonstration of unity is depicted through the relationship Eddie has with Netta. The pair supports each other and this is shown through the active reminders from Netta reassuring him that his battle is respectable and that she is proud of him, ultimately giving him the will to continue with his case. Without the support from Netta, Eddie May never have been able to achieve what he had, such as the connection with his family and the land claim of Murray Island. Another example includes job resignation; Netta was unhappy at first but eventually accepts it and soon shows her support. Additionally, Netta threatens to leave him at one point, but she quickly forgives him and this shows that she is a strong woman and to allow her husband to reach his full potential and achieve his dreams was a respectable move. He admits this when he confesses to Netta telling her how he "wishes he was home more" for his family. If there wasn't unity between the pair and Netta was not supportive of Mabo, the story would have been very different. The unity Eddie has with his legal team is...
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...Society written by Jerry Hannan (performed by Eddie Vedder) The song society is a melancholic song representing Chris Mccandles (Alex Supertramp) journey through his rediscovered life. The song focuses on materialism shaping your identity. The songs theme is strengthen by the fact that the song only is performed by Eddie Vedders humming voice and the strumming guitar. The ebb and flow of Vedder’s voice, paired with the decrescendos and crescendos of the wave-like guitar, reflected the tug of the wild on Alex’s life. The strumming guitar is similar to the cadenced pounding of the ocean, with its tides and undertows; its wild, mysterious grandeur. Chris flees society to find a peaceful place were he's not judged by his belongings, but by his personality. I think he was frustrated by the problems of the world and the greed of humans, as Eddie Vedder murmurs in the opening lines of Society, with the beautiful play on words, “we have agreed, with which we have a greed.” All humans have an instinctive greed, the desire for more; this is universal. How we control and channel this greed shapes our principles. The song has an interesting form. Building up through the verses leading to the catchy chorus. The verses all has four lines, but the chorus starts with two lines leading to four lines ending up with eight lines in the last chorus. As you'll notice the chorus is the only place in the song where's backing vocal humming society. I think it's represent some of Chris's thought...
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...0743065 Yen Ling Kuo 1. By using an example of a time you were in a leadership role, please answer what are your leadership strengths? My leadership strength is that I am a rational and patient person; I can control my temper very well when some unexpected condition happens and make rational judgment. For example, I am as a driver this fall orientation. When I pick up the new students form Walmart to their home, there are some arguments in the car. Everyone in the car tells me their own opinion and doesn’t yield to each other. Though I’m unhappy in mind, I still control my temper, try to communicate, and send them back home. Another experience is that, I was a volunteer last semester. There were some Asia students whose English speaking were not well, so I was a translator and led them to complete every step in orientation. 1. How will this program benefit your own goals while you study at Pittsburg State University? I believe that attaining this program will benefit my goals when I study at Pittsburg State University. The reason is because I can meet many new friends with different culture and backgrounds. Through the interaction with other people, I not only can broaden my knowledge horizon, but also can enjoy the pleasure of helping other people. I also can learn how to deal with things and how to cooperate with people who is from different countries. As an international student like me, this kind of experience is very important because this is the purpose for us...
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...that those injuries were the result from the act. Eddie Guerrero one time cut himself too deeply and blood came rushing out. The match was closed early and Eddie was rushed to the hospital and was given blood to save his life according to SK Wrestling. If WWE wants to be a sport than it needs to be more than just an act. In amatuer wrestling every once in awhile there is blood time outs. Where people were competing so hard that they made the other wrestler bleed. Most of the time it is a cut mouth or bleeding nose, but every once in awhile it is a broken nose. In some ways WWE is just acting to be real amatuer wrestlers. Even one time at a wrestling match I was at, one of my teammates was wrestling. The person he was against tackled his legs and his head hit my teammates mouth. They stopped the match because my teammate was bleeding. Turns out he got his front tooth knocked out. According to Justin Shaginaw, common injuries in wrestling include sprains, strains, subluxations, lacerations, fractures, concussions, skin infections, and dislocations. WIth dIslocations being responsible ten percent of all reported wrestling injuries Referring back to the definition of a sport. It also says a sport must have a set of rules or regulations. WWE barely has any regulations. There is regulations, according to the WWE Talent Wellness Policy. There is a policy on drugs, but they do not enforce them to everyone. From Hulk Hogan to Eddie Guerrero, a lot of WWE’s most popular wrestlers have...
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...For the TV character with a similar name, see Ed Bauer. Eddie Bauer Holdings, Inc. Eddie Bauer script logo.svg Type Private Industry Retail Founded Seattle, Washington, U.S. (1920) Founders Eddie Bauer Headquarters Bellevue, Washington, The USA Number of locations 370[1] Area served United States, Canada, Japan, Germany Key people Michael Egeck, President, CEO[2] William End, Board Chair Products Clothing, sportswear, outdoor gear Owners Golden Gate Capital Employees 10,000 worldwide (2007) Website http://eddiebauer.com/ http://firstascent.com/ Eddie Bauer Holdings, Inc. (EBH) is an American holding company that operates the Eddie Bauer clothing store chain, headquartered in Bellevue, Washington, United States. EBH was formed after Eddie Bauer's former parent company, Spiegel, Inc., went bankrupt in 2003. Eddie Bauer currently operates three independent sales channels: Retail Stores - Sells "premium" Eddie Bauer merchandise Outlet Stores - Sells Eddie Bauer merchandise and inventory overstocks at cheaper prices Direct Order Center - Sells Eddie Bauer merchandise through call centers in and Groveport, Ohio, and the website (EddieBauer.com) The company was first established in 1920 in Seattle by Pacific Northwest outdoorsman, Eddie Bauer (1899 – 1986). In 1940 Bauer patented the first quilted down jacket.[3] He went on to patent numerous other designs, and his was the first independent company that the United States Army hired and allowed to use a logo on the...
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...Eddie Koiki Mabo Before I explain Who was Eddie Koiki Mabo? And What he did for Australia’s Indigenous people? I want all of you to know about Who are Australia’s Indigenous people? * An Aboriginal or Torres Strait Islander person is a person Of Aboriginal or Torres Strait Islander descent who Identifies as Aboriginal or Torres Strait Islander and is Accepted by the community with which he or she is Associated. Now Who was Eddie Koiki Mabo? Eddie ‘Koiki’ Mabo was born on 29 June 1936, in the community of Las on Mer, known as Murray Island in the Torres Strait. His birth name was Eddie Koiki Sambo Raised by Uncle Benny Mabo through a customary ‘Island adoption At the Age of 16 Eddie was exiled from the Murray Island for breaking customary Island law and he set off for the mainland where a new life was waiting for him. Eddie had many jobs including assistant Teacher, a cane cutter and a ground keeper etc. Learned a lot about Australian Land ownership Laws in Townsville at James Cook University when he was a ground keeper their and he used to go there and spend a lot of time in the library At the age of 37 Eddie was shocked to discover that the Land which was passed by hi ancestors (16 generations) was not legally recognised his own, Instead of accepting this injustice In 1770 British visit Australia and declared the land was Terra Nullius. Terra Nullius is a Latin Expression Which means Land belongs to nobody. In early 1980’s a land...
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...Mr. Johnston Imagery Cities 23 April 2013 Extra Credit The movie screened in class, “Coming to America”, and the film “Notorious” have a tremendous amount of similarities and differences in certain scenes. When Eddie Murphy resides in the United States he chooses to live in New York or more specifically Brooklyn. The scene when the taxi driver drops him off portrays Brooklyn as slummy and not an area for someone that is wealthy. There is trash all over and most of the homes are either stone or brick. The architecture is an old style that has its obvious flaws. Notorious takes place in Brooklyn as well, but in one of the first scenes the director, George Tillman, Jr. introduces the setting by taking a helicopter and filming the Brooklyn Bridge, which he only shows Manhattan and the east river. It does not even show the city in which the movie is taking place, but I believe the director does this for perspective purposes. The scene right after this shows the young Christopher George Latore Wallace with his friends in their school uniforms. As the scene continues, Brooklyn in the movie seems tremendously crowded compared to only a few people walking around outside in the beginning of Coming to America. The architecture, though, is similar as most structures seem extremely non-modern. Another similarity is most of the citizens in both movie scenes seem to be rude and disrespectful. Both of these movies’ opening scenes depict Brooklyn as an area where someone would not want to...
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...Jeff Dunham versus Eddie Murphy Robert Smith Com/155 February 17, 2013 Julie Davenport Jeff Dunham and Eddie Murphy are each entertaining in different ways, such as using characters or vulgar humor because they seek to fit different audiences. The most important reason they are both entertaining in different ways is because Jeff Dunham uses characters and Eddie Murphy uses vulgar humor. Eddie Murphy has been around the entertainment circuit for much more years longer than Jeff Dunham but both are tremendously funny in person. Jeff Dunham is entertaining in his own right by using fictional characters to get the audience laughing aloud. I am comparing two of the best comedians today. They are Jeff Dunham and Eddie Murphy. I think they are both hilarious. They have their own ways of entertaining their audiences. Jeff Dunham uses ventriloquist puppets which are called characters. Their names are Walter, Peanut, Achmed the dead terrorist, and Bubba J. They all are very funny because they have different accents and they have their own quirks. Walter is shown as a grumpy old man that complains about everything. Peanut is a purple monkey that makes fun of everything he comes across he also has an endless amount of energy. Achmed is always talking about blowing stuff up. Bubba J is a beer-drinking redneck that likes...
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...CASE 5-3 Eddie Bauer: Strategize with Secondary Marketing Data 1 - What demographic and geographic information should Eddie Bauer collect to select store locations? 1. What demographic and geographic information should Eddie Bauer collect to select store locations? The demographics which the firm needs to collect will be the financial stability of the customers which have been living near the stores or the prospective sites. They need to have data on their employment and the type of employment. The annual salary figures along with the time of bonuses will help the firm to develop its offering strategies. The tastes and the preferences can be analyzed from the cultural mapping of the sites which will help the firm to understand the type of products which will attract the customers the most. The recent buys will help the store to understand the type of products and the price range which has been triggered the buys. This information will help to understand the various aspect of the consumer buying behavior. The geographic information required will be the location of the various public places which are near the sites, they can be the universities and also the shopping plazas. The locational advantage can be derived by setting up the store in a posh neighborhood which will help in the sales of the international brands. The location of nearby offices will also help in the sales. The network of roads need to be understood as more traffic will also mean the lack of parking spaces...
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