Cited: Barnes v. Glen Theatre‚ Inc.‚ 501 U.S. 560. Supreme Court of the United States. 1991. LexisNexis Academic. Web. 29 Feb. 2012. Chinn‚ Valerie. "Lap dancer‚ nudity to end at Louisville strip clubs." WDRM. N.p.‚ 2010. Web. 1 Mar 2012. Hilyard‚ Scott. "Big Al ’s owner says strip club tax could wipe out businesses." Journal Star [Peoria‚ Illinois] 17 Feb 2012‚ n. pag. Web. 1 Mar. 2012. Keller‚ Rudi
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Phar-Mor was known as one of the major discount chain retailers in the late 1980’s - early 1990’s. It was founded by Mickey Monus‚ a gambler in nature‚ who with the help of senior management was “cooking the books” for years to cover up his loses. The reason why senior management agreed to do this fraud is the belief in unique ability of their leader to fix everything later on. This case is known as one of the biggest accounting frauds in the corporate history of the U.S. This paper will analyze
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Phar-Mor‚ Inc. 1. 2 cases which companies have committed fraud by misstating inventory: • Rocky Mount Undergarment Company‚ Inc. • Leslie Fay Company 2. Intentional misstatements of inventory is difficult to detect‚ as was in the case of Phar-Mor‚ Inc.‚ because of the collusion by employees and/or management to commit fraud. 3. Coopers & Lybrand won the Phar-Mor‚ Inc. account with a very low bid‚ so they wanted to limit their costs by testing only 4 out of the 129 stores
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Transpiration Introduction: “Transpiration occurs when the water moves from the soil into plant roots‚ up through the stem and into the leaves. The water‚ warmed by the sun‚ turns into vapor (evaporates)‚ and passes out through thousands of tiny pores (stomata) mostly on the underside of the leaf surface. Leaf transpiration occurs through stomata. Transpiration uses about 90% of the water that enters the plant. The other ten percent is used in photosynthesis and cell growth” (Sunny Datko‚ 2012)
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The Phar-Mor Code of Ethics Phar-Mor strives to be the leading retailer in providing the lowest priced and highest quality goods for our communities‚ while delivering exemplary levels of customer service. Phar-Mor believes in providing a positive and ethical working environment to help guide all employees in word and action‚ which promotes an unshakable framework of integrity and trust between all stakeholders. Phar-Mor endeavors to proactively contribute to its communities through local philanthropies
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Summary Phar-Mor‚ Inc. was a deep-discount store that had substantial growth in a short period of time. It started with 15 stores and grew to over 310 stores in thirty two states between 1985 and 1992. At first Phar-Mor was seen as a major prospect in the retail market. With sales of over $3 billion and growing‚ Phar-Mor’s success even worried some of the biggest retail giant‚ including Wal-mart. The president‚ founder‚ and COO of Phar-Mor was Mickey Monus‚ who became quite extravagant with
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As Jim Balassone‚ executive-in-residence at the Markkula Center for Applied Ethics‚ noted in his introduction‚ “Tim and I are the same age‚ with similar backgrounds and education. Perhaps the only difference is that I went to work for a company where it was easy to be ethical and Tim went to work for Rite Aid. I’d like to think that I would have acted differently or escaped some of the traps Tim will talk about—I would like to think that‚ but I’m far from sure that would be true.” Noonan outlined
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LABORATORY REPORT Activity: Homeostatic Imbalances of Thyroid Function Name: Theres Castle Instructor: Virgil Stoia Date: 10.20.2014 Predictions TSH levels in patients with primary hypothyroidism are high Thyroxine (T4) levels in patients with primary hypothyroidism are low TSH levels in patients with secondary hypothyroidism are low Thyroxine (T4) levels in patients with secondary hypothyroidism are low TSH levels in patients with hyperthyroidism are low Thyroxine
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Case 2-9 Phar-Mor I feel that one major flaw in the Phar-Mor company is the fact that Mickey Monus has full control of the company and could pull off such a giant fraud scam. This is a flawed system in management. There were no checks and balances to keep this fraud from happening. Mickey Monus had so much control of those under him that he convinced them to go along with the fraud. That everything would get better soon and they would not have to worry. The ones that did know about the fraud
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| | | |Phar-Mor‚ Inc.: | |Accounting Fraud‚ Litigation‚
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