| Anderson, Olds, and Watershed, CPAs | Memo-X-1 To: | Darlene Wardlaw | From: | Auditor in Charge of Apollo Shoes, Inc. Anderson, Olds, and Watershed, CPAs | Date: | February 9, 2012 | Re: | Acquisition and Expenditure Cycle | | | Cost of Goods Sold has decreased eight percent since last year. From a review of the minutes of the meeting held on June 30, 2011 it is known that there was a general increase in prices by 10 percent. This was in response to declining sales. Since actual sales of goods have actually been declining the drop in cost of goods sold is expected. Research and Development has been eliminated completely since last year.
Jason Tierro, an inventory Jason Tierro, an inventory clerk at Lexmar Company, is responsible for taking a physical count of the goods on hand at the end of the year. He has been performing this duty for several years. This year, Jason was very busy due to a shortage of personnel at the company, so he decided to just estimate the amount of ending inventory instead of doing an accurate count. He reasoned that he could come very close to the true amount because of his past experience working with inventory. Besides, he was sure that the sophisticated computer program that Lexmar had just invested in kept an accurate record of inventory on hand.
-The project has been given a deadline of ten weeks, with Rankin and his 5-member team in charge of technical implementation. -Bob Finley had a confrontation with Lynn Johnston, resulting in the two avoiding each other during the middle of the project. -Midway through the project, Team member Sally Phillips left the company for better prospects. -Rankin manages his employees simply by telling them his expectations, and only tries justifies the long hours and lack of sleep by telling them that he expects no more of them than he does of himself. Assumptions • Mike Frazer wants the system implemented in 10 weeks because he views it as the answer to the company’s lackluster follow up sales.
* About 81,000 permanent staff * 288 Waitrose branches * 39 john lewis branches * Annual gross sales of £8.7bn * John spedan lewis set up the partnership * His combination of commercial acumen and corporate conscience, enables the john lewis partnership to be as successful as it is today * Won retailer of the year in 2011 * Waitrose Has a market share of 4.2% * AN EXAMPLE OF EXCELLENT CUSTOMER SERVICE * My parents had bought a table from John Lewis * Unfortunately during transit it was damaged * The John lewis delivery team apologised and instantly called their manager to arrange a second delivery for the table. * We had a phone call about a day later from a John Lewis furniture manager apologising for the inconvenience and offered a discount off of the cost of the table. He also told us that he had arranged for the table to be delivered to the store first to be
ABC Case Study Drew Whisenhunt COMM/215 November 10, 2014 William Morgan ABC Case Study After completing the necessary research on the hiring fiasco that occurred at ABC Inc., I decided it was imperative to get information on today's job market and how it affects the hiring process. In this situation a recruiter six months into his job was attempting to bring in 15 new hires to finish orientation to work in the operations department. When the supervisor checked in on the new recruit Carl assured her that everything would be in order by June 15th. The recruiter set out to complete the important paperwork needed for orientation, he found at his dismay, that there were many errors Background Due to the fact that Carl Robins (the before
He has obtained records for the last three months. The data he collected are shown below. It is Friday and he has to input his forecast for the number of cars needed tomorrow. He knows you have been taking a class in Quantitative Analysis and has asked you to review his data and help with his forecast to determine what else he might to do increase his performance. As you discuss the situation with him, you learn that he wants to be able to meet the customers’ requirement for a vehicle 95% of the time.
Annual revenue for the company has averaged 1.5 million dollars in the past three years. The Bead Bar paper system currently has proven to be unreliable and not of productivity to the company overall as it produces numerous human error. The usage of this system has caused problems including lost orders, incorrect invoicing, and delays of delivery to customers. The system that is currently in place has a zero communication level between Bead Bar locations around the U.S. The usage of new technology will reduce unneeded data transfers, as well as order errors.
Rick Grimes – 5 votes Sean Renard - 5 votes Daryl Dixon – 4 votes Lanie Parish – 4 votes Rick Grimes and Sean Renard will start working on this idea together. The progress is to be reported on in the next meeting. Other Business: No other business mentioned. · Marketing Strategies: Top 3 strategies picked by the board: - Try before you buy – decided to give free month of membership for the month of December if they sign up in the first two weeks. - Organise a social event with Christmas coming up, people will bring friends and we can get more members.
Alex expects the revenues to grow by 30% for the next three years because cleanup of the devastating tornado will take that long. You prepared ABI’s taxes in March of this year and Alex Lee, owner of ABI, Inc., has contacted you again for your advice. Jackson Lee, Alex’s oldest son, would like money to start a business and has said that this is a good avenue to avoid paying estate taxes after his father’s death. Alex’s wife died last year and he has not given any money to his children in the past.
Four were not able to meet their sales quotas in 2000. District 3 has a newly appointed manager, Jim Sprague, and they were not able to meet their sales quota. The Northeast fell short in their sales quota by 7% and the Hanover-Bates districts fell short by 3%. Based on the gross profit quota and the gross profit actual four districts have not been able to meet their quota. The Northeast district is more than 15% below their gross profit quota.