Analytical Review Apollo Shoes Essay example - 951 Words

Apollo Shoes, Inc. Potential Problem Areas December 31, 2011 The following refers to the Comparative Trial Balances, GA-7.1 through GA-7.5: Accounts Receivable, Other Receivables, Allowance for Doubtful Accounts, Bad Debt ExpenseInventories and Reserve for Inventory Obsolescence Prepaid Insurance and Insurance Expense Machinery, Equipment, and Office Furniture Accounts Payable Taxes Payable Line of Credit Sales, Sales Returns, Net Sales – Relationship to Inventory Research amp; Development Administrative Wage Expense Miscellaneous Income The following refers to GA-7.5 – Selected Ratio Comparison: Days Sales in Inventory Days Sales in Accounts Receivable Other points of interest: 7GA-7.1 Apollo Shoes, Inc. Analytic†¦show more content†¦Account W/P Common Common # Title Ref. Balance Size Balance Size Amount Percentage REVENUE 40000 Sales 246,172,918.44 102.33% 245,213,452.88 106.40% -959,465.56 -0.39% 41000 Sales Returns 4,497,583.20 1.87% 13,600,220.89 5.90% 9,102,637.69 202.39% 42000 Warranty Exp 1,100,281.48 0.46% 1,158,128.47 0.50% 57,846.99 5.26% Net Sales 240,575,053.76 100.00% 230,455,103.52 100.00% (10,119,950.24) -4.21% EXPENSES 50000 COGS 141,569,221.61 58.85% 130,246,645.26 56.52% (11,322,576.35) -8.00% Gross Margin 99,005,832.15 41.15% 100,208,458.26 43.48% 1,202,626.11 1.21% GA-7.4 OPERATING EXPENSES 57500 Freight 4,302,951.46 1.79% 4,236,263.09 1.84% (66,688.37) -1.55% 60000 Advertising Expense 897,140.01 0.37% 986,854.01 0.43% 89,714.00 10.00% 61000 Auto Expenses 208,974.39 0.09% 214,502.80 0.09% 5,528.41 2.65% 62000 Research amp; Development 31,212,334.17 12.97% 543,870.44 0.09% (30,668,463.73) -98.26% 64000 Depreciation Expense 133,000.00 0.06% 446,000.00 0.19% 313,000.00 235.34% 64500 Warehouse SalariesShow MoreRelatedBeginning the Audit Report Essay1934 Words   |  8 PagesTo: Senior Partner From: Kim Cummings Re: Apollo Shoes Audit Dear Senior Partner: As you know, our firm has been selected to perform the Apollo Shoes audit. 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The following cycle’s sales and collection, payroll and personnel and acquisition and payment were developed to design test of controls, substantive tests of transactions and analytical procedures. Anderson, Olds, and Watershed, LLP willRead MoreAudit Program Design Part 21844 Words   |  8 PagesKendrick Cross, Teresita Gunn, Geri Franco, Heather Swayze ACC/546 July 08, 2013 Joseph Oloyede Sales and Collection Cycle When engaged in auditing a public firm, such as Apollo Shoe Inc., an auditor must determine when to trust in the company’s internal controls and when to ascertain auxiliary testing methods are obligatory to analyze control risks. 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Supplemental Resources Apollo Shoes Casebook Web-Based Version http://highered.mcgraw-hill.com/sites/0078136644/student_view0/apollo_shoes_case.html Week One: Overview of Fraud and Abuse Details Due Points Objectives 1.1 Identify the impact of occupational fraud and

Gun Violence And Gun Control - 1406 Words

Gun violence in America is a huge topic of discussion. Many people have heard about this topic on the news or in the newspaper, but have very little knowledge on this ongoing topic. Those who have a lack of information on gun control tend to not feel strongly towards guns or people owning or carrying guns. People that have never been around guns are often scared of them, but the truth is a gun is nothing more than a hunk of metal. For a gun to go off the gun needs a shooter, so should the real topic of discussion be â€Å"Should there be stricter gun laws for the owner?† However, in the United States it isn’t very difficult to obtain or own a gun. Guns are very common in America and anybody could simply sell their firearm to another person with the ending result of now anybody can own a gun. (Degrazia 2) â€Å"The Brady Handgun Violence Prevention Act mandates background checks of gun buyers, but only if the seller is a licensed dealer; private sales, including those a t gun shows and those conducted online, are exempt.† Degrazia states that anyone can get a gun without having a background check, this including anyone over 18. Being able to purchase firearms easily in America can be a serious topic of discussion because many people are getting killed with firearms, school shootings are on a rise, however in zones where guns by law have to be in every household the crime rate is significantly lower than surrounding areas. Canada is in a similar situation that America is in as far asShow MoreRelatedGun Control And Gun Violence1054 Words   |  5 PagesGun control generally refers to policies that regulate the manufacture, sale, transfer, possession, modification, or use of firearms (Wikipedia). 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Regrettably, gun violence has no straightforward solutions, generating two

Philosophy and Critical Thinking Skills Free Essays

What Is Your Philosophy Georgette Duropan PHL/215 April 11,2012 Ryan Shriver What Is Your Philosophy? According to â€Å"Merriam Webster† (2012), Epistemology is the study or a theory of the nature and grounds of knowledge, especially with reference to its limits and validity. In my essay I will give you a description about the approaches to philosophical questions for each of the major philosophical areas of inquiry, and explanation of how philosophy and culture interact in the development of thought. I will also give an explanation of why the selected philosophy best describes my identification of cultural factors that influenced my choice of philosophy. We will write a custom essay sample on Philosophy and Critical Thinking Skills or any similar topic only for you Order Now The Divisions of Philosophy falls into four areas, such as Metaphysics, Epistemology, Ethics (moral philosophy, social philosophy, political philosophy, and aesthetics), and Logic. Metaphysics has more to do with being or existence. Epistemology is the theory of knowledge and wants to know the truth. Ethics covers four different areas. Moral philosophy is the study of moral judgments. Social philosophy is the study of society and its institutions. Political philosophy focuses on the state and seeks to determine, proper organization. Aesthetics, study of art, and of value judgment. Making a statement to me will get me to use my critical thinking skills. I for one do one believe everything I am told until sold proof, facts, or reasoning have been proven. This falls into the same perspective on how philosophy and culture interact in the development of thought. How people choose to use their words when trying to explain something to me makes a big difference. Often times I can mistakenly misinterpret what the speaker is trying to say. In other words, something cannot be a true fact and a false fact in a sentence. I call this contradicting. However, two people coming from two different backgrounds or from two different cultures might say the same thing but mean the opposite. Using your critical thinking skills on how explanation of how philosophy and culture interact in the development of thought needs to be dug into and come out with solid proof, facts, or reasoning behind the statement. The major philosophical area of inquiry that best describes me is Epistemology. As I have mentioned above I am the kind of person where I need to have solid proof, facts, or reasoning before I believe something someone is trying to tell me. Because Epistemology is the theory of knowledge questions related to Epistemology are What is truth? and Is it possible to know anything with absolute certainty? The more you know, the more you are able to learn and grow. Knowledge is power. Epistemology has to do a lot on how one thinks. When I think I like to go deep into though, therefore; I rely on my own experiences as a reference. If I had none the only way to find out the truth is to experience it for my self. Some cultural factors that influenced my choice of philosophy specifically Epistemology is the Japanese cultural. For the New Year’s Japanese believes that consuming noodles will give you a long live because the noodles are longs. Although this is not a proven factor I do see a lot of older Japanese people consuming noodles. These people look healthy and strong therefore I just believed that noodles does give you along life. Another cultural factor that influenced my choice is the Filipino culture. My husband is pure Filipino and is originally from the Philippines. His mother, my mother in law told me that saving the first washing of the rice and use that first washing of the rice water to water the orchids will help sustain the life of the orchid plant. Because I am the kind of person that needs to have things proven to me I asked my mother in law to water one orchid with regular water and another orchid with the first washing of the rice water. Both orchids were of the same family of orchid types. After two months the orchid that was watered with the first washing of the rice produce two times as much more flowers then the regular watered orchid and the flowers from the first washing of the rice lasted about two times longer. Some may think that this is coincidence, however; after continuously watering the orchids with the first washing of the rice water versus regular results have spoken for itself. In conclusion, I discussed the definition of Epistemology, the approaches to philosophical questions for each of the major philosophical areas of inquiry, and explanation of how philosophy and culture interact in the development of thought. And I also gave an explanation of why the selected philosophy best describes my identification of cultural factors that influenced my choice of philosophy. Wanting to have solid proof, facts, or reasoning behind a question that is given is not a bad thing. This just shows that you obtaining answering behind a question will give you more knowledge. Knowledge is power! References Merriam webster. (2012). Retrieved from http://www. merriam-webster. com/dictionary/epistemology How to cite Philosophy and Critical Thinking Skills, Papers

Macbeth monologue from the play by William Shakespeare Essay Example For Students

Macbeth monologue from the play by William Shakespeare Essay A monologue from the play by William Shakespeare MACBETH: Is this a dagger which I see before me, The handle toward my hand? Come, let me clutch thee! I have thee not, and yet I see thee still. Art thou not, fatal vision, sensible To feeling as to sight? or art thou but A dagger of the mind, a false creation Proceeding from the heat-oppressed brain? I see thee yet, in form as palpable As this which now I draw. Thou marshall\st me the way that I was going, And such an instrument I was to use. Mine eyes are made the fools o\ th\ other senses, Or else worth all the rest. I see thee still, And on thy blade and dudgeon gouts of blood, Which was not so before. There\s no such thing. It is the bloody business which informs Thus to mine eyes. Now o\er the one half-world Nature seems dead, and wicked dreams abuse The curtained sleep. Witchcraft celebrates Pale Hecate\s offerings; and withered murder, Alarumed by his sentinel, the wolf, Whose howl \s his watch, thus with his stealthy pace, With Tarquin\s ravishing strides, towards his design Moves like a ghost. Thou sure and firm-set earth, Hear not my steps which way they walk, for fear Thy very stones prate of my whereabout And take the present horror from the time, Which now suits with it. Whiles I threat, he lives; Words to the heat of deeds too cold breath gives. I go, and it is done. The bell invites me. Hear it not, Duncan, for it is a knell That summons thee to heaven, or to hell.