Essays on Understatement

Crazy Eddie, Inc. was established in 1969 by Eddie Antar who was a 21 year old high school dropout from Brooklyn. The company became a market leader in the retail consumer electronics business in a short span of 18 years. It had a total turnover of more than $350 million and a collective market value of $600 million by 1987. Crazy Eddie’s empire soon collapsed when a major financial scandal was uncovered at the end of 1987. Eddie Antar and his associates were found to be fraudulently involved in the overstatement of inventory and profits and the understatement ...

“The Man of the Crowd” and “The Purloined Letter” both are short stories written by famous American author Edgar Allan Poe and published in 1840 and 1844 respectively. In the first story the nameless narrator spent many hours to follow the unknown old man. This person demonstrated strange behavior and narrator figured out at the end that he is “the type and the genius of deep crime. He refuses to be alone. He is the man of the crowd” (Poe, The Man). The second story described on case that was solved by genius amateur detective C. Auguste Dupin. This ...

In Michael Mann’s 2006 crime drama Miami Vice, Jamie Foxx’s Detective Ricardo “Rico” Tubbs acts as the more even-tempered, laconic and understated of the two lead detectives (including Colin Farrell’s more aggressive, unhinged Det. Crockett). In one scene near the end of the film’s first act, Crockett and Tubbs confront their informant, Alonzo Stevens (John Hawkes) on the side of an overpass, where he reveals that he had to sell out FBI undercover agents to the Colombian cartel to save the life of his kidnapped wife Leonetta. While Hawkes’ jittery, nervous, despairing performance is the ...

Introduction and Analysis – A-Cat Corporation

Introduction Description of the scenario A-Cat is a manufacturing company dealing in the production of voltage regulators. The company requires transformers in the manufacture of voltage regulators/refrigerators. In order to meet the demand for refrigerators, the company must have adequate stock of transformers. The company has been facing challenges of overstocking and understocking of transformers. Overstocking increases storage costs thus reducing the operational efficiency of the company while understocking limits the company from meeting its normal production levels. The number of transformers needed is determined by analyzing the sales figures for the last two to three months as well ...

Fraud is an intentional action to do something that is illegal or unethical. It is done to cause damage to the receiving party. Many a times fraud is also done to gain something which could be money or inside information or knowledge. Fraud is a criminal offence. It cannot be justified. Many companies have gone through the fraud and there have been cases where the fraudster has been punished. Revenue fraud is a type of fraud which affects the revenues of a company. It is done to manipulate the accounts and earn profits. Simply overstating or manipulating the revenues can cause a revenue ...

There are only two forms of inventory errors that can be found in the financial statements. One is understatement of the inventory available, and the other is overstatement of the inventory available. These errors effect both the income statement (profit and loss account) and statement of financial position (balance sheet) of a company. An overstatement of inventory will reduce the cost of sales. It will show that less inventory has been used up in generating the sales for a fiscal year or an accounting period. This will show the wrong increase in the gross profit of the company, and ultimately ...

The Technical Accounting Issue.

The technical accounting issue in the case is the non-compliance with the matching principle of accounting. The Matching principle states the benefits of revenue or asset should be associated to the outflows (expenses) of that revenue or asset. The principle asserts that expenses or outflows should be recognized and reported in the books of accounts when those expenses or outflows can be matched with the revenues generated by those expenses i.e. as revenues are recorded the corresponding expenses needs to be recorded as well. This matches the period expenses and revenues. The original way i.e. adhering to the ...

“Gulliver’s Travels” by Jonathan Swift is considered one of greatest satirical literary works in the world literature heritage. To the great extent “Candide” ranks Voltaire on the same level of significance as one of the greatest satirists in the world literature. Satire is “a technique employed by writers to expose and criticize foolishness and corruption of an individual or a society by using humor, irony, exaggeration or ridicule”. (Literary Devices) The goal of satire is improving humanity by means of criticizing and mocking its foolishness and weakness. In satire a writer uses fictional characters, which actually hint at real people ...

Executive summary Cross-Cultural Training for Global Business

Familiarizing with the culture of any given nation is necessary for inventors. It is in line with ensuring that they conform with the callings of the given nation, in this case the UK. There are many considerations that the business ventures have to examine. The British are formal in their dealings. They always ensure that the business meetings are conducted in a way that will ensure the ethics and standards of business are upheld. The meetings are also held in designated places that ensure that both parties live to the billing of the issue at hand. In line ...

Introduction

Memos are written to give a brief description to the coworkers or management owners of a business within companies. They are associated to announcing proposals, or upcoming meetings as per company’s procedures. In addition, project memos can be used in addressing stages in projects such as in implementation, planning or data presentation of a project (Ash, 305). In this project memo, a description on what will be carried out, upon its acceptance, in terms of purpose, research questions, methods of research, and the merits shall be discussed in order to convince the professor into accepting the project” Generation Gap at Work”.

Discussion

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Do zombies represent the white collar criminals from the financial crisis? That is the question I was asking myself after reading Torie Bosch’s article “First, Eat All the Lawyers.” zombies highly populate our pop culture. From movies to novels to television our world has become seemingly overflowing with zombies. Surprisingly sometimes there are even more zombies than there are vampires. Bosch tries to persuade us that the zombie craze is pop culture’s device to help us deal with the economic crisis. If the economic crisis has brought us zombies in our entertainment, does that mean the zombies ...

Analyzing Stephen Crane’s prose style.

The above paragraph provides a deep insight into the naturalist writing style of the author, Stephen Crane (Colvert, 35). The first sentence mentions ‘None of them knew the color of the sky’. This displays an uncertain perspective in the forefront but if delved deeply displays ontology of corrected aesthetic reply. This is a figurative speech and the author on one hand admits that people do not know the ‘color of the sky’ and on the other hand mentions that people know the ‘colors of the sea’. The prose here emphasizes on the ‘colors of the sea’. It speaks about agency, integrity, ...

Executive summary

Special purpose financial statements that are conventionally provided by small businesses usually offer limited information in both quality and quantity. The main reason behind this is the freedom in reporting that small businesses have. Consequently, lenders have to be careful when using these statements in lending decisions. As a small business, Boat Builders Pty Ltd’s financial statements may not be in a good state as provided to be used in a lending decision. A critical evaluation of whether they represent the true status and performance of this business is necessary before a detailed financial analysis is done. A number of concerns arise ...

Analysis of the poem Fire and Ice by Robert Frost

The poem Fire and Ice was written in 1920 and belongs to early cycle of author’s poetry. Nevertheless, it is one of the most well-known and popular work of Frost. It consists of only nine lines or 51 words. Yet the imagery of these lines is so deep that there are even different versions of inspiration reason gained by Robert Frost. According to the first one, the verse was written after re-thinking of Dante’s Inferno image. According to the medieval poet, the lowest circle of the Hell, where betrayers were placed, is covered with ice and this ...