physically handled all the cash that came in and had ample opportunity to skim the cash even before any transactions were recorded. c. Proper Authorizations – Betty had authority to record and authorize the transactions which should not have been the case. She should not have the authority to record sales returns‚ or having access to layaway or jewelry items. This authority should be given to a manager above her. d. Independent checks – the activity performed by Betty was never checked as there was
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Section: 4pm Howard Street Jewelers‚ Inc. 1. Identify the internal control concepts that the Levis overlooked or ignored. In the Howard Street Jewelers case‚ I strongly believe that Levis didn’t perform any internal control. According to the internal control concept‚ internal controls to work to achieve organizational objective of effectiveness and efficiency of operations‚ reliability of financial reporting‚ and compliance with applicable laws and regulations. In this case‚ Levis should manage better
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INTRODUCTION De Beers Diamond Jewelers’ is the quintessential diamond jeweler‚ giving substance to style‚ bringing together the diamond’s dualities of science and poetry‚ melding its rich history and long traditions with contemporary creativity and cutting-edge craftsmanship. The diamond is a sparkling‚ celebratory symbol of continuity and eternity‚ of reassurance and hope for the future‚ and De Beers brings this beautiful symmetry into the light with its classically elegant jewelers. For a century and
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The Street of the Finest NYC Jewelers The splendor of the NYC jewelers can be traced by the path that ends at jewelry district NYC. Imagine a place full of diamonds‚ pearls‚ jewelry and you are standing at the midst of it. A place where you could break the boundaries of diamonds and jewelries free from the rest of your experiences. To let your eye savor each moment staring at the beautiful stones‚ shapes and designs in wonder. Well‚ this wonder land actually exists and famous by the name of jewelry
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Site description - type of business/organization mission‚ objectives James and Sons Fine Jewelers is a family owned business that was founded by James Sunderland Sr. in 1964. Mr. Sunderland started out as a small jeweler and rare coin salesman. Eventually James’ daughter Anne and two sons James Jr. and John joined the company and today they have expanded their sales to engagement rings. James and sons Jewelers currently has three locations. Two locations are in the chicagoland area and their third
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of Forte’s campaign to shift the advertising and merchandise at the retailer’s flagship Zales Jewelers to appeal to a more upscale and fashion-conscious clientele. Zale‚ Irving‚ Texas‚ has annual sales of over $2 billion. In the United States it operates under the Zales Jewelers‚ Zales outlet‚ Gordon’s Jewelers‚ Bailey Banks & Biddle and Piercing Pagoda brands. In Canada‚ its brands are peoples jewelers and Mapins Jewellers. In Burton‚ Zale gets a CEO with extensive experience on the boards and
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After reading‚ “The Jeweler Wallace Chan: “The Stone Is Me‚” I believe that the making of jewelry isn’t easy‚ and it requires a lot of time and dedication. In this article they talked about Wallace Chan and his path to how he ended up doing what he loves most‚ making jewelry. But not just any jewelry. Each of his pieces mean something to him‚ he makes it with all of his love‚ and all of his pieces are technically his children. Wallace Chan started out working with his family making plastic flowers
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CASE FOR ANALYSIS 1 CASE FOR ANALYSIS – Case 1 Kinko’s New Operating Structure Kinko’s Inc. was the largest retailer of copying stores‚ but it had to change its operating structure in response to competitive pressures from Quick Copy and OfficeMax. Kinko’s had an informal management process and difficulty managing growth. The founder‚ Orfalea‚ used franchising to launch growth‚ but this approach did not assist Kinko’s in controlling costs or improving customer service. Consultants recommended
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Case Analysis Guidelines & Suggestions Content: Your case write-up should focus on and answer all the key questions in the syllabus – do not omit any of the questions. The length limitation on this paper is short‚ so please jump right into answering the questions. There is no need to summarize your points in the beginning or to review what happens in the case. You must use your own judgment as to which questions need more space than others‚ however‚ remember that all claims or recommendations
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CASE ANALYSIS Prepare a case analysis on the topic of Strategic Management. The case analysis should be a minimum of three pages long‚ double spaced. Check for correct spelling‚ grammar‚ punctuation‚ mechanics‚ and usage. Citations should use APA style. Case Analysis Question: What is Strategic Management and why is it critical to the success of an organization in meeting its goals and mission? Your analysis of this case and your written submission should reflect an understanding of the
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