CASE 2.6 CBI HOLDING COMPANY‚ INC. Synopsis Ernst Young audited the pharmaceutical wholesaler CBI Holding Company‚ Inc.‚ in the early 1990s. In 1991‚ Robert Castello‚ CBIs owner and chief executive‚ sold a 48 stake in his company to TCW‚ an investment firm. The purchase agreement between Castello and TCW identified certain control-triggering events. If one such event occurred‚ TCW had the right to take control of CBI. In CBIs fiscal 1992 and 1993‚ Castello
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CBI Holdings Case 2.6 Background CBI Holding a New York based firm serves as the parent company for several wholly owned subsidiaries. Ernst and Young became CBI’s independent auditors and performed audits for CBI’s financial statements from 1990 through 1993. Ernst and Young failed to investigate the alleged advances and conform to clients facts which may include investigating credit limit and analyzing vendor’s payable accounts. Instead the auditors record in their work papers the client’s
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Comparative Financial Ratios For Holding Companies in the Philippines Prepared by: Submitted to: Prof. Redentor Caguioa Financial Management 1 Second Semester A.Y. 2014-2015 Table of Contents Introduction Industry Background Summary of Financial Ratios Common Size Analysis Review of Ratios and Analysis Conclusion Appendices INTRODUCTION Financial analysis is the examination of a business from a variety of perspectives in order to fully understand the greater financial situation
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CBI Holding Company‚ Inc. Case Solution I. Summary A CBI Holding Company was a New-York based parent company for several wholly-owned subsidiaries. These marketed an extensive line of pharmaceutical products that were purchased from drug manufactures‚ warehoused in storage facilities and then resold to retail pharmacies‚ hospitals long-term care facilities and related entities. CBI’s chairman and president Robert Castello was the seat of the CBI‘s troubles and principal implementer of
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Vonage Holdings Corporation has been in operation since 2002‚ however‚ has not made a gain in profit but has had losses that equal around a billion dollars (Edmonds‚ Tsay‚ & Olds‚ 2011). The net income for 2006 was at a loss of -$338‚573 and its net cash flow from operating activities also reported a loss of -$188‚000 (Edmonds‚ Tsay‚ & Olds‚ 2011). The net income for 2007 was at a loss of -$267‚428 and its net cash flow from operating activities also report a loss of $270‚926 (Edmonds‚ Tsay‚ & Olds
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Giordano Holdings Limited‚ Inc. Case SITUATION Jimmy Lai was born into poverty in Guandong‚ China. He was exposed to many western retail businesses that encouraged him to join the retail market himself. He thought of using a pizza parlor name to open his clothing chain. Lai founded Giordano in Hong kong in 1981. Giordano’s success is measured by the company’s relentless focus on its five corporate business values of quality‚ knowledge‚ innovation‚ simplicity and service. The company has its
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Computer-Based Information Systems (CBIS) Components • Hardware Computer equipment used to perform input‚ processing‚ and output activities • Software Computer programs that govern the operation of the computer 1 • Database Organized collection of facts and information 1 Computer-Based Information Systems (CBIS) Components • Telecommunications 1 Electronic transmission of signals for communications‚ and enables organizations to link computer systems into effective
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Shukaku Inc. Company is a foreign company wanted to invest in Cambodia for purposes to develop Boeung Kak Lake into a high-end residential‚ commercial and tourism complex. Likewise‚ there is a land dispute between the investor and the resident after the agreement of Shukaku Company and Cambodia government had been made with a 99 years lease. On top of that‚ the government asked the families living there to move away from the land but provide compensations such as money $8‚000 compensation‚ getting
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available at www.emeraldinsight.com/1065-0741.htm Management information system based on the balanced scorecard Management information system Juha Kettunen and Ismo Kantola Turku Polytechnic‚ Turku‚ Finland 263 Abstract Purpose – This study seeks to describe the planning and implementation in Finland of a campus-wide management information system using a rigorous planning methodology. Design/methodology/approach – The structure of the management information system is planned on the
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TJX Companies‚ Inc TJX‚ an international company‚ operates off-price retail stores offering apparel and home furnishings. The company‚ which employed about 179‚000 people as of 2013‚ has four segments: Marmaxx‚ HomeGoods‚ TJX Europe‚ and TJX Canada. The revenue was recorded of $26‚123.8 million dollars in 2013‚ an increase of 12.1% over 2012. The operating profit of the company was an increase of 25.9% over 2012. The net profit was an increase of 27.4% over 2012. TJX operates the business under
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