2004). The financial ratios are then compared with the entity ’s ratios for prior periods as well as with ratios for other businesses in the same industry. A comparison with the industry ratios would have warned BDO of some irregularities in Leslie Fay ’s financial statements. BDO Seidman should have been interested some important ratios that would help in determining the accuracy of the financial statements that had been prepared by Polishan and his staff. The important ratios include the liquidity
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Leslie Fay Case 1. After reviewing the common size financial statements and the key ratios of Leslie Fay‚ there some of the financial statement item that should have been of particular interest to BDO Seidman: 1).Sales: the sales has been growing steadily except the slight drop in 1991‚ which is contrary to the industry recession. 2). Inventory: Leslie Fay has been known for not catching up the fashion‚ there should be inventory write-off issue in the apparel industry‚ which haven’t been reflected
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Descriptive Essay - At The Beach Everyone has a place where they go to escape all the pressures and worries of life. There is always that one spot that can soothe all your problems and troubles in times of stress. For me‚ the beach is the ultimate cure to all of my problems. While I am there‚ all of my obligations are suddenly erased. As I stroll along I can feel the soft smooth sand beneath my feet. I am taken in by the soothing atmosphere that encircles me. I close my eyes‚ letting
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Bandung‚ the Perfect Weekend Getaway Have you been wondering to which holiday destination should you visit? Or are you dreading to have the perfect weekend getaway but don’t know any place? Trust me‚ you don’t have to worry anymore because the answer is Bandung! It is one of the sophisticated cities in Indonesia that has incredibly panoramic views‚ delectable food and satisfying services as Bandung is known to be a popular tourist attraction. Bandung has a breath-taking garden views. Tourists
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Background The Leslie Fay Companies was a women’s apparel manufacturer established by Fred Pomerantz‚ a former Women’s Army Corps uniform maker during World War II. Despite the “volatile and intensely competitive” (Knapp 34) nature of the industry‚ Leslie Fay grew to have the second largest annual sales compared to any of the other publicly owned women’s apparel manufacturers‚ only behind Liz Claiborne. Fred Pomerantz hired Paul Polishan for a position in the accounting department where Polishan
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2010 English 4 essay My latest long weekend in Puncak Puncak in Bogor‚ West Java is one of the most relaxing places for vacation. People who live in Jakarta and Bandung usually spend their weekend in there. It will take one and a half hour from Jakarta. We can go there by public transportation such as bus or if we want to go there without worry about the traffic we can go by private transportation. My classmates and I went to Puncak for spending our weekend before the mid-term exams. For this
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The Weekend Update is a scene from Saturday Night Live that shows fake news and satirizes the news industry. I chose to use SNL because as a kid‚ my parents would let me stay up to watch it with them. Another reason I chose the clip because of my love for sports. The example I chose from Weekend Update‚ satirizes the sports industry‚ which I show a lot of Interest in and provided good humor and is a good example of parody and has a lot of exaggeration as well. Sports is something I have enjoyed
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fairly‚ and that is what happened when Michael Fay was caned and imprisoned. Michael Fay deserved to be punished for vandalism because he had to be responsible for his actions. He also needed to be taught a lesson‚ and since he is living in Singapore‚ he should have abided by their laws. People who commit crimes should not get off on just a fancy argument. Being responsible for one’s actions is a quality that everyone wants from each other. Michael Fay should be responsible for vandalizing eighteen
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Anybody can claim they don’t have biases against a certain group or side in an argument or conflict. James Weldon Johnson presented his 1912 novel‚ The Autobiography of an Ex-Colored Man‚ as a balanced view of both races (black and white). However‚ what authors thought of as unbiased or not-racist back then (post-civil war to pre-MLK jr.) could differ greatly with what people think now in much more advanced societies. For instance‚ Mark Twain’s The Adventures of Huckleberry Finn (released a mere
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My Weekend Vacation By Eve Billings Over the weekend I went to universal studio with my little brother‚ friends and their three kids. We all got in the van and drove five hours to Los Angeles. And with four kids all under the age of ten is not easy. We had to play Disney music the whole ride there so the two year old wouldn’t cry. And all we can hear is “let it go” from the back seat all the way there. When we got there we had so much fun
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