CASE 1.8 Crazy Eddie‚ Inc. In 1969‚Eddie Antar‚ a 21-year-old high school dropout from Brooklyn‚ opened a consumer electronics store with 150square feet of floor space in New York City 1 Despite this modest beginning‚ Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. By 1987‚Antar’s firm‚ Crazy Eddie‚ Inc.‚ had 43 retail outlets‚ sales exceeding $350 million‚ and outstanding stock with a collective market value of $600 million. Antar
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CRAZY EDDIE ANALYSIS In 1969‚ Eddie Antar‚ a 21-year-old high school dropout from Brooklyn‚ opened a consumer electronics store with 150 square feet of floor space in New York City. In spite of this modest beginning‚ Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. Crazy Eddie Inc. was a retail consumer electronics store in New York City‚ by 1987; Crazy Eddie Inc. had 43 retail outlets‚ sales exceeding $350million‚ and outstanding stock
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this because‚ the missing Jewish professors from universities‚ the Jewish performers barred from taking the stage‚ etc. created thousands of opportunities for the German people. More laws were passed banning Jews from furthering their education with higher learning institutions limited to a 1.5% of Jews allowed to register ("First Steps Leading to the "Final Solution"). In the span of April to September of 1934‚ four hundred laws were passed against the Jewish population ("First Steps Leading to the
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RED FLAGS AT L.A. GEAR In reviewing the Balance Sheet of L.A. Gear‚ it appears that the cash on hand was not sufficient‚ although it had increased from the prior year. The accounts receivable had increased suggesting that it was extending credit but not receiving payments due to them in a timely manner. This situation had most definitely left them without their much needed cash flow. The fact that inventory continued to decline and the net property and equipment more than doubled indicates a
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Red Flag 1 Although the revenue on snack food decreases every year‚ the cost of goods sold increases every year. The cost of snacks sold every years decreases and the cost of goods increases because the vendors in which you are purchasing the snacks from prices are increasing while yours are staying the same. The price on the snacks that are sold needs to be raised – Or you could find another vendor to purchase them from cheaper. You should raise the price enough to cover the cost to buy them and
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hospital for quite some time. Since you have now have graduated with an Associates degree from Kaplan University‚ the Gift Shop Manager has asked you to examine the financial statements for the past five years to see if you can suggest any ways to improve the bottom line. In your analysis‚ you discover the following six "Red Flags." Red Flag 1 Although the revenue on snack food decreases every year‚ the cost of goods sold increases every
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Riordan Manufacturing Audit Risk CMGT/582 Riordon Manufacturing Audit Risk Introduction As Information Systems become more complex and business organizations become better prepared at protecting these systems so has the means in which attacks on these systems evolved. Many new issues have emerged and are changing the way in which or world views hackers and the chaos that these individuals can cause. The purpose of this section is to discuss some of the most visual and controversial of
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commented to these issues‚ but I would like to recap once more for your own organization and study aid. 1. What are several red flags that E&Y either was or should have been aware of in the audit of HealthSouth? E&Y was aware that there was an undue emphasis on analysts’ reaction to quarterly profits. They were also aware of the centralized power exerted by Scrushy. Other red flags included the high turnover in the CFO position‚ and the rapid growth in net income. They also accepted explanations of whistle-blower
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remains the most common method for conducting banking transactions‚ internet technologies has changed the way personal financial services are designed and delivered to customers. Shih and Fang (2004) describe internet banking as a new type of information system that uses the innovative resources of the internet and WWW (World Wide Web) to enable customers to effect financial activities in virtual space. For example‚ it allows customers to perform a wide range of banking transactions electronically
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DPOP and NPOP together evaluate the risk posed to humans by fire at landfills. DPOP measures the distance between the 297 landfill and the nearest building used by people for residential‚ occupational‚ educational‚ or recreational purposes. DPOP 298 score is calculated using Equation 30. For distance greater than 3057 m‚ DPOP = 0. If the distance is 0‚ then maximum 299 DPOP = 4.613. 300 DPOP = 4.613 x exp(-0.0005 x distance) (30) 301 3.8 Population within 3 km radius (NPOP) 302 NPOP‚ as per Equation
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