Financial endowment

The fraud perpetrated at Rite Aid could have been detected through the reconciliation of liabilities with monthly statements from the creditors. By reconciling the liabilities with the vendors’ statements, the auditors would have been able to detect any omission of liabilities or the reversal of expenses as was the case at Rite Aid. Also, the auditors could have used analytical procedures such as ratios for the year of audit and compared it to prior periods to detect unusual patterns or trends.…

America: Riveting Prospects, the article written by Ed Crooks, discusses the issues within the United States lack of exporting goods. He briefly touches on five reasons why our economy is not quick to jump at the opportunity that trade can bring. Here within I will discuss those five areas along with my opinion on international commerce. 1. The United States are not custom to selling internationally. Mr. Crooks speaks about there only being 1% of goods exported to other countries at the time…

The overall attractiveness of the industry is moderate. As a whole, the audio entertainment industry provides hundreds of thousands of jobs directly and indirectly. As a consumer, the attractiveness of this industry is high. The consumer has the ability to choose between the programming of AM/FM, internet, and satellite radio, based on their likes and dislikes, vis-a-vi payed programming versus commercial programming. The attractiveness remains high on the part of the consumer due to their…

plan to fix the world economy, following the financial crisis in 2007, in his book, The Financial Crisis and the Free Market Cure. Allison begins by detailing what he believes to be the cause of the financial crisis. From the very beginning of the book, it is clear he has a very strong conservative bias. The majority of the chapters in his book follow the same format: blame some federal regulatory body, show how those regulatory actions pushed the financial industry to make mistakes, then tell…

The cost-plus-award-fee contract is contract where the contractor will offer estimated proposal for the cost to complete the project. The main goal is performance has incentive if contractor reach project’s specification. The incentive is geared towards completing the project to required specification for contractors to have additional compensation. The last resource to be sacrifice is the performance measurements. The downside is the buyer will be obligated to pay the stated fee and any…

acquisitions to expand the business; however, it has not been successful in maintaining a healthy financial position from a bottom line perspective. Although, the company has shown an increase is revenues in the four-year consolidated income statement (statement of operations exhibit 4), it has failed to generate profits each year since its inception in 2008. In an assessment of Groupon’s financial performance compared to similar corporations, we can observe that Groupon gained competitive…

The career that I found interesting was Personal Financial Advisor. Personal Financial Advisors have many different responsibilities, and some of those are giving expert advice on insurance, investments, taxes, retirement planning, and many other tasks. As a Personal Financial Advisor, you need to help analyze the financial situation of the client that wants more information or insight on making good investments. Many of the clients could have some goals, and their advisor will be able to set…

The purpose for finance is to plan for, obtain, and use resources in order to take full advantage of the efficiency and value of a business (Gapenski, 2013). Finance consists of accounting and financial management functions. This includes the handling of routine financial operations, such as negotiating contracts; making cash available for expenses like payroll; and maintaining a cash cushion for the unexpected (Brumley, 2015). The primary users would be the internal users, such as the…

seeks equitable opportunity for all ought to support the efforts of the marginalized. That said, young adults who have grown up within the foster care system, are one of those marginalized groups. This article seeks to explore the availability of financial aid opportunities specifically…

This office represents Nicole Braun with respect to two promissory notes signed by SITO’s former Chief Executive Officer, Jerry Hug. A copy of each of those notes is enclosed with this correspondence. The context of each of these notes was service provided by Mr. Hug, as an officer of SITO regarding the attempted disposition by Nicole Brown of restricted SITO shares. Mr. Hug repeatedly represented to Ms. Braun that he had the full authority on behalf of the Company to assist with the disposition…