"Hallstead jewelers case analysis" Essays and Research Papers

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    Outline: I. Introduction: + Born into and brought up in a noble family‚ Virginia Woolf has a deep knowledge about her aristocratic society. Therefore‚ almost all her works revolve around this. + One of example is “The Duchess and The Jeweler” + Buying ten pearls from the duchess while knowing they are counterfeits is a big mistake?? II. Body: + From the point point of view of a business man + As an ordinary person and a man in love with the girl III. Conclusion:

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    for their needs. The company recognizes that not everyone wants a diamond‚ however‚ and has expanded to offer many other items‚ such as Pandora charms and bracelets‚ Burberry pieces and Charles Krypell Jewelry in Florida. Individuals visiting this jeweler discover finding the perfect piece has never been easier‚ thanks to the variety offered and the friendly‚ helpful staff. Anyone in the St. Petersburg area should be sure to check this retailer out. Charles Krypell started as a sculptor before turning

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    “The Duchess and the Jeweller”‚ a story by Virginia Wolf‚ tells the tale of Oliver Bacon a man who grew up very poor but ended up a master jeweler with very rich and titled customers. Although his outward appearance is one of high breeding and richness it hides his insecurity and his longing for something else. Oliver is a tortured soul who cannot enjoy the fruits of his labor and his dissatisfaction with his life causes him to treat those around him with disdain and rudeness. Oliver is a tall

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    Howard Street Jewelers‚ Inc. A. Synopsis Howard Street Jewelers Inc. is a small retail business owned by Mr. & Mrs. Julius Levi for more than 40 years. Undoubtedly‚ the company had its ups and downs. It survived its previous sales slack by cutting costs. Currently‚ the business is experiencing a continuous downward spiral of its cash position notwithstanding the safety measures the company had taken. With that‚ Mrs. Lore Levi got alarmed that the jewellery company might close. Mrs. Levi

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    Case: Goodner and Howard Street Jewelers Cases Student Name: Shucong Li Date: 09.16.2014 I. Three conditions of Fraud Triangle: 1. Incentive or pressure to perpetrate fraud: a) Excessive pressure for management to meet third party expectations b) Financial stability or profitability is threatened c) Management’s personal financial situation is threatened 2. Opportunity to carry out the fraud a) Nature of the Industry or entity’s operations b) Complex or unstable organizational structure c) Ineffective

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    internal control concepts that could have prevented Betty’s embezzlement from the company. • Segregation of duties: Betty had responsibilities in too many areas. She maintained the cash‚ the cash receipts‚ and the sales records for Howard Street Jewelers. This not only provided Betty with plenty of opportunity‚ but also gave her the means to conceal the theft. • Authorization of transactions: Betty was able to put items on layaway without authorization from management. • Physical controls: Cash

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    Howard Street Jewelers‚ Inc. 1.) The Levis overlooked both Administrative control and Accounting control objectives. By allowing Betty to execute transactions without Management’s approval they did not satisfy Administrative controls. It is also unclear whether there was any formal official procedure established which Betty was required to follow. Concerning Accounting control‚ the Levis first and foremost did not ensure that transactions were recorded as necessary. Betty was apparently given

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    any real responsibilities to pursue the matter any further. However‚ if he suspected something was amiss he should have discussed it with the Levi’s to let them know there may be a problem. In addition to preparing tax returns for Howard Street Jewelers‚ alternately assume that the CPA (a) audited the business’s annual financial statements. If the CPA were their auditor‚ he would have a responsibility to bring any hint of fraud to the attention of the audit committee. (b) reviewed the annual

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    Henne Jewelers Refund Policy RETURN POLICY If you are not completely satisfied with your purchase‚ you may return the unworn item to us within 30 days of the sale date for either a refund or exchange. If 30 days have elapsed since your purchase‚ unfortunately we can’t offer you a refund or exchange. In order to be eligible for a return‚ your item must be unused and in the same condition as you received it. It must also be in the original packaging. A sales slip must accompany all refunds and exchanges

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    Case Overview For forty years the Levis owned and operated a jewelry store. They had survived many financial ups and downs over the years‚ but the current declining cash position of the company was nearing critical. On more than one occasion Mrs. Levi had suspected Betty‚ a long term‚ reliable‚ employee for over twenty years‚ might be stealing from the company. Betty not only worked as a sales clerk‚ but she also handled all of the cash and bank deposits and maintained all of the sales and

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