Blaine Kitchenware: Capital Structure Summary: Blaine Kitchenware‚ Inc. was founded in 1927 and as a mid-sized producer of branded small appliances primarily used in residential kitchens.BKI had just under 10% of the $2.3 billion U.S. market for small kitchen appliances. For the period 2003–2006‚ the industry’s annual unit sales growth was 2%. During the year ended December 31‚ 2006‚ Blaine earned net income of $53.6 million on revenue of $342 million.Cause recent shift toward higher-end product
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Apple Computer Inc Apple Computer‚ Inc. is a well-known designer and retailer of computer hardware‚ software and electronic entertainment devices. Apple began as a small personal computer manufacturing firm in 1976 with a vision to build computers that could be purchased by anyone. The company has now grown into one of the most powerful technology companies in existence. The path that led to the creation of a brand like Apple is a true testament to the level of innovation and the cultivation of
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HOME DEPOT‚ INC. in the New Millennium Tom Thomson‚ Suzanne Ma‚ Todd Humphrey‚ Owen Clements June 28‚ 2006 Agenda Background/History Current situation Accounting and Finances Growth Initiatives Financial Analysis Forecast HOME DEPOT Inc. Founded In 1978 in Atlanta‚ Georgia Largest Retailer of home improvement products Stores were warehouses and sold large volumes of goods at low prices Offered ‘how-to-clinics’ and knowledgeable customer service representatives Between
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Data Trappers‚ Inc. When examining whether or not B&T should be permitted to serve as the independent auditor of Data Trappers‚ Inc. (DTI)‚ we must first look at what it means to be an independent auditor. For an external auditor to be independent they need to be independent of the company they are auditing in both fact and appearance‚ meaning they have to look as if they aren’t connecting to a company in any way and they must also not actually be connected to a company in any way. As well
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Tire City Incorporated Tire City‚ Inc. is a rapidly growing retail distributor of automotive tires. Although they have 10 shops located throughout the Northeast region‚ the bulk of TCI’s inventory is managed at a central warehouse. During the last three years‚ sales have been growing at a compound annual rate in excess of 20%. With such a great reflection of their excellent service and customer satisfaction in their net income‚ TCI’s central warehouse is “bulging at the seams”. TCI has decided
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Jack Greenberg‚ Inc. 1. Family owned business is a business that is owned by one family‚ most of the shareholders are from the same family. One of the major problems in this type of business is a conflict in interests among the family’s member. The auditor should be careful and observe the type of the relationship among the family’s member. There should be a written agreement to specify rights‚ duties‚ and obligations for each member‚ the auditor should read those documents for further information
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Optical distortion‚ Inc 1‚ The expected value of the lenses to farmers Total saving per hen Using ODI‚ rather than debeaking‚ to combat cannibalism‚ a farmer can save the cost in four parts. Lower mortality‚ no egg loss‚ labor in efficiency and feeding in the trough with at least 3/8” deep are the main points to reduce the cost. 1)‚ Debeaking reduces mortality from 25% to 9%. However‚ a test reveals that ODI lower the mortality to an average of 4.5%. The purchase cost per hen is $2.4. So‚ the
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Happiness Express Inc. 1. a) The primary audit objectives of confirming a client’s year-end accounts receivable include occurrence and accuracy of realizable value. Auditors would like to make sure that the transaction generating the accounts receivable actually occurs‚ and that the receivables are recorded at accurate value for the current reporting period. Usually they will send accounts receivable confirmations to client’s customers directly. b) The primary audit objectives of performing
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Flash Memory Inc. For the Flash Memory Inc. case you will turn in both a write-up of your analysis and a spreadsheet that contains any financials or calculations you performed. The formal write-up should contain an overview of how you tackled specific issues presented in the case‚ how you set up the spreadsheet to present you analysis‚ and a discussion of any assumptions you are making. To guide you through the case‚ below are a set of questions you will need to address. Structure your written
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accounting principles (GAAP). In my opinion the company’s first quarter earnings-per-share results should be reflected in the following manner (see table below). Table: Revised Earnings-per-share based on meeting discussion Stamford International Inc.3 Discrepancy EPS (C/share) Last quarter EPS (C/share) 1st
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