LJB COMPANY | Internal Control | REQUIREMENTS AND REVISIONS | Prepared To: LJB Company’s President Prepared By: Yenny Gutierrez6/03/2013 | TABLE OF CONTENTS Introduction New Internal Control Requirement 4 Establishment of responsibility 4 Segregation of duties 4 Documentation procedures 4 Physical controls 4 Independent internal verification 5 Human Resources controls 5 Reviewing LJB Internal Controls 5 Pre numbered invoices 5 Ink machine
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U.S Major Home Appliance Industry in 2002 (Case 15) The household appliance industry is huge! The number of household appliance grows every year‚ but there is one sector of the industry‚ the major appliance sector that remains constant. The appliances that comprise this sector are ranges‚ refrigerators‚ washers‚ dryers‚ and dishwasher. The major appliance industry is both saturated and mature. The five major players are General Electric‚ Maytag‚ Whirlpool‚ Electrolux‚ and Raytheon. All are well
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Electrolux Major Appliances is a nationwide appliance company that was established through its sister company Frigidaire. The company has been in business for over 50 years. Electrolux’s corporate office was located in Augusta‚ GA and it was relocated to Charlotte‚ NC in 2011. The company is known for its world class stainless steel appliances. Which include ranges‚ over the range microwaves‚ single and double wall ovens‚ cooktops‚ and refrigerators‚ stand alone ice makers‚ counter top microwaves
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How sensitive is return on capital to the forecast assumptions in case Exhibit 8? An increase in cash operating expenses decrease NOPAT‚ which in turn makes ROC extremely sensitive when this ratio goes up; in general when total operating expenses go up NOPAT goes down‚ thus ROC goes down. In addition if the COGS increase this drastically drops ROC. The total assets has a big impact on ROC an increase of 1000m increased ROC by a full 1.5 percent. The ROC is also very sensitive to the Price to Earnings
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Top 10 of Malaysia takes a brief look at some top Malaysian companies on the back of trials and tribulations experienced on a global scale last year. In 2011 many countries have been hit by challenges brought about by natural disasters‚ financial crises and political upheavals. Malaysia‚ as an emerging market‚ is expected to be still attractive to many investors‚ be they local or foreign. The start of 2012 has brought with it a myriad of new aspirations and resolve for companies in Malaysia
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Executive Summary The General Appliance Corporation (GAC)‚ specializing on manufacturing various kinds of home appliances. The GAC was decentralized and it divided into 4 main product divisions‚ 4 manufacturing divisions as well as 6 staff offices. GAC manufactured few component parts and usually bought them from outside vendors. Transfer prices of the parts were negotiated between departments based on outside suppliers’ price. While the purchasing staff had the power to settle disputes when there
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goal is to increase unit sales to more than 10 million vehicles a year; in particular‚ Volkswagen intends to capture an above-average share of the development of the major growth markets. Volkswagen intends to increase its return on sales before tax to at least 8% so as to ensure that the Group’s solid financial position and ability to act are guaranteed even in difficult market periods. Volkswagen aims to become the top employer across all brands‚ companies and regions; this is necessary in order
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Current Market The market size of coffe maker industry is $498.80 MM as of 2003 growing 5.3% from $473.0 MM in 2002. A survey report1) tells that 47% of coffee drinkers drink at home‚ 25% at work‚ 3% in a coffeehouse‚ 3% in a restaurant and 10% on the go. It also shows about how they made coffee that 8% used percolators‚ 3% hand drips‚ 56% electric drips‚ 1% French press and 4% espresso machines. The other report2) says most of the electric drip models examined were of little variance in overall
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Star Appliance Company B Executive Brief This proposal accounts for the new debt and equity mix of Star Appliances by estimating the company’s cost of equity. The methods used include the dividend discount model‚ the earnings/price model‚ and the CAPM model. After analyzing all three possibilities‚ it is apparent that the CAPM model provides the most accurate estimate of Star Company’s cost of capital because it accounts for the beta. Using the CAPM model‚ the new Star Company cost of equity is
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changes are taking place. One of these changes is the growing corporation that decides to go global. Most U.S. companies‚ both large and small‚ are rapidly acknowledging the necessity of global marketing. The demand for foreign products in the fast-growing economies of Europe‚ South America‚ Asia‚ and Pacific Rim nations offer one example of the benefits of global thinking. One company that has adapted to this new economy by globalizing has been Whirlpool. In 1989‚ Whirlpool Corporation embarked
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