I priced my high end Mercedes line accidentally at the price I had planned for my mainstream Workhorse line and vice-versa. I did not look closely enough at my pro forma cash flow or income statements to recognize the forecasted loss and as a result did not dig deep enough to see the reasons and to make the adjustments in pricing. I was overly focused on cash at that point to fund production capacity. I discovered the error when evaluating second quarter actuals. Going into third quarter planning, I looked at the pro forma cash flow and income statements to determine that my cash balances would not require any emergency borrowing while allowing me to expand production levels to meet or exceed my forecasted sales.
The company should have been able to follow up with all venders and customers to attest to the validity of the financial statements and they were not able to do this and not able to gather the “appropriate and sufficient evidence” needed. When a client will not allow the auditor to gather evidence needed to perform a correct auditor then the opinion can be affected. The auditor cannot attest to the fairness of the financial statements if the evidence is lacking or
On the same note, property owned by the government is not usually able to be taken to meet these obligations. The debt holders in a sovereign government can only take legal action in order to receive payment when the government allows them to. Everybody wants to buy a new car, a new house, have furniture and electrical appliances that are top of the line, travel, and do everything that money can provide. It is our consumption dream. However, people should have the notion that the life does not work in the idea of "I want", but more of in the idea of "I am able to".
This made it difficult to conduct business from state to state. When people purchased goods from other states, they had to pay a tax. In these respects, under the Articles of Confederation, the United States were not treated as united states, but as many different countries. The new Constitution corrected this by stating that only the Federal Government has the right to coin money. Therefore, people no longer had to worry about changing the currency when crossing into other states.
Principals of Auditing: An Introduction to International Standards on Auditing (2nd ed.). New York, NY: Pearson. NOTE: I know that in a real introduction letter, you would not typically quote from a textbook nor would you have a reference page. I was concerned that if I did not include this information on this assignment then I would be plagiarizing information from the textbook. Please consider this when grading this assignment.
The act didn’t address the problems the country was facing because it didn’t require the banks to give out loans and it used the people’s money in an inappropriate manner. If the government was going to give the money, it should have been regulated as to how it was spent. The banks kept the money, raised requirements for loans so that most people couldn’t get them and resulted in no money movement and a stagnant economy. The money was supposed to ‘trickle down’ to the people, but the opposite effect occurred that was wanted by the act
Bennet initially refused to centralize government and have the federal take responsibility for recovering the economy. He personally assisted from his own pocket to the many people who wrote him begging. However, he insisted that it was the provinces responsibility for social welfare. When re-election came around, R.B. Bennet decided to change his initial policy, and planed for a New Deal of their own after constant begging and wishing for federal aid.
I have decided to take the second scenario offered to us, which explains my administrative role in the Jewish Children’s Bureau. To further delve into and explain my position, I assume the role as a simple data-entry clerk in the accounting department with no management authority and a non-existent budget. I have several layers of red-tape to cut through before reaching anyone that has an organization issued credit card, and although I am conscious of the budgetary setbacks that the difficult economy has caused, I am somewhat oblivious to its effect on the Jewish Children’s Bureau due to my position. The multi-step approach that I have chosen to adopt consisted of the following steps: 1) Analyzing my character’s software needs 2) Looking into the costs and options 3) Researching the ethical precedent set by similar software piracy cases 4)
Marketing Research : Mountain Bell Case 1) What may be the reasons for Industrial Surveys recommending in-depth individual interviews instead of focus groups in this context? The decision of Industrial Surveys to recommend individual interviews instead of focus groups can be explained by different factors. First, they need real in-depth information because they already carried out a mail survey that ended-up being too general. Focus groups are not as in-depth as a personal interview because there is less part for individuality and interviewees can be influenced by the others and then it’s hard to have a real insight of one’s true feelings. Furthermore, the nature of the questions favors a personal interview approach.
Furthermore, his calculation of full unit cost, which only added up material cost and direct labor cost, is not that convincing. Probably the manager of the company would also take the other costs such as state tax and inspection cost into consideration when evaluating the whole project. Thus, the result of the inventory holding cost using the formula H=iC could not have the accurate number for the estimation. 3. The relationship Lynn Rosen was talking about was the relationship between customer-service level and inventory investment.