Case Study: Star Technologies 1. Explain why "industry knowledge" is so important to an audit engagement team Identify risk factors commonly posed by companies in high-tech industries. Industry knowledge is so important because it helps auditors identify areas that need special attention where errors and fraud might exist. Auditors are then able to evaluate the reasonableness of the accounting estimates made by management. It will also help them evaluate the accounting principles used by
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CASE FAIRCHILD WATER TECHNOLOGIES‚ INC. 1. The difference between a developing and a developed country are typically based on economics. A developing country usually has a low level of affluent citizens‚ and higher levels of unemployment. Developing countries also have lower education rates‚ and often times undeveloped‚ rural type villages. Developed countries usually have technological advantages‚ better roads‚ stable governments‚ higher education rates‚ and good health care. 2. By performing
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CASE OVERVIEW Valley Technology Inc. is a part of the computer storage industry that initially offered a tape drive portfolio of products‚ which provides backup and recovery capabilities‚ and it has recently introduced a network attached product which is dedicated to file sharing only. The company encountered dilemmas regarding the most appropriate alternative that would be best to resolve their plan of reducing the company’s overall cost‚ specifically with the tape storage division
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The Company Details Uber Technologies Inc.‚ also better known as Uber‚ is the transportation mobile application company founded back in 2009 (Lashinsky‚ 2015) that specializes in transportation through their mobile platform which operate 24-hour-per-day and connect passengers and drivers (Pullen‚ 2014). It has since then grown into a well-known‚ successful‚ billion-dollar company worth over $50 billion net worth with 58 countries involve (Kim‚ 2015). The company revenues through hire service and
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Aspen Technology Inc. 1. What are Aspen Technology´s main Exchange rate exposures? Aspen Technologic Inc‚ is firm specialized in the development of simulation software for customers in process manufacturing industries‚ particularly the chemical industry. Big part of the AspenTech earnings comes for the licenses of their existing products. The 52% of Aspen Tech’s software license revenues came from customers outside de United States. With most‚ but not all‚ of its expenses incurred in the
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Component Technologies‚ Inc 1) Prepare the manufacturing staff’s calculations for the three alternatives (please refer to the attachments): a) In the first set of calculations‚ the staff used a discount rate of 20%‚ a five-year time horizon‚ and ignored taxes and terminal value. What is the relative attractiveness of these three alternatives? During the period of 5 years (from 1994 to 1998)‚ if the discount rate is 20%‚ Waltham plant is the only one that has a positive amount in NPV. The
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STARS Air Ambulance Case Analysis The importance of Information Systems for STARS According to Encyclopaedia Britannica‚ an information system is defined as‚ “an integrated set of components for collecting‚ storing‚ processing‚ and communicating information”. The entry says that often times‚ businesses will rely on information systems to help “manage their operations‚ compete in the market‚ and supply their services” (Britannica). In the case of STARS‚ this is no different. The air ambulance
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two years. b) The current overhead cost driver‚ branch revenues‚ is criticized because it lacks any logical relationship to the overhead costs allocated by headquarters. Choose more appropriate cost drivers for the 17 overhead costs listed in the case Exhibit 3. You may refer to descriptions of the 17 overhead costs incurred by the five teams at the headquarters. c) Using your cost drivers from (2) above‚ compute the net income of the Taejon branch as of 2007 and 2008. Compare your answer to
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Team M Team M Four Star Industries Case Study Case Study Anaysis Four Star Industries Case Study Case Study Anaysis Table of Contents Background Current Situation * Market * Production * Manufacturing * Order Process * Inventory Management Issues * Model Proliferation * Inventory and Demand Mismatch * Poor Order Management Analysis * Safety Stock Analysis * Warehouse Rent Analysis * MOQ v/s EOQ * Production /Assembly Line Analysis Recommendations Conclusion
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1. The Morning Star Company uses self-management which is informal hierarchical structure. This structure defines that individuals can effectively direct their own activities toward the achievement of objectives‚ and includes goal setting‚ decision making‚ focusing‚ planning‚ scheduling‚ task tracking‚ self-evaluation‚ self-intervention‚ self-development and something else. The employees are the bosses of themselves and responsible for their missions. They listen to others and continually improve
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