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There are many ways that a company can manipulate inventory information reported on their balance sheet in order to make the business appear financially healthy. A company can do this by overstating merchandise including “ghost” goods that don’t exist, changing the actual counts, not recording purchases, and capitalizing inventory, all to make the business seem in better shape than it is in reality. The Phar-Mor Pharmacy chain is a perfect example. Mickey Monus started the Phar-Mor national chain of drug stores from one drug store he bought in Youngstown, Ohio. He was able to take a failing store and, by using inflated inventory numbers, increase its profits on paper. He presented the false financial information to investors and fooled them into providing capital so he could open more stores. He had the idea that by offering deep discounts on merchandise to customers, his stores would be successful, but unfortunately, selling goods for less than he paid for them was not a good business plan. Monus pressured his staff to participate in the fraud and kept two sets of books, the real ones, and the ones that were doctored up to be shown to the auditors. His downfall was investing Phar-Mor’s money into a basketball team that no one wanted to see. As his investment in the team failed, he pumped more of Phar-Mor’s money into it. An observant travel agent working for the team wondered why Phar-Mor was paying for the team’s travel expenses. She happened to be friends with one of Phar-Mor’s investors and brought it to their attention. An investigation ensued and that was the end of Monus’s empire. The accounting firm that worked for Phar-Mor ended up up paying big fines for not catching on to the fraud. Managers need to know about inventory and receivable fraud because they are responsible for the day-to-day running the business. They use net sales as an indicator of how the business is doing and how it will perform in the future. Increasing inventory sales probably means larger profits in the future. If sales are declining, it may be a sign of financial difficulties ahead. If inventory numbers are incorrect, the financial health of the company can’t be accurately determined. Cash management is the concept of planning, controlling, and accounting of all financial resources, specifically cash transactions and cash balances. It entails keeping accurate records, reducing losses from fraud, knowing when to borrow money, and how much cash to keep on hand. If you have too little cash on hand, you won’t have enough to operate the business. If you keep too much cash around and you don’t invest it, you lose out on revenues it could be making for you. Williams (2016) Financial & Managerial Accounting. McGraw-Hill Education. Wells, J. (2001, June 1) Ghost Goods: How to Spot Phantom Inventory. Journal of Accountancy. Retrieved July 20, 2016 from

” (US Securities and exchange commission). To be more specific, they made sales, without orders, to create visually demand, which did not correspond actual picture. There are a lot of ways how to manipulate financial statement, and for all of them there is mostly only one reason – to create a picture of profitable company with good financial statement, and at the same time put some money to the own pocket. Therefore, it is mostly a problem for senior management, that have ability and resources to do so. One of the ways, to eliminate such problems can be regularly auditing chief financial officers, and look for conflict of interest relationships and transactions.  

Consider a woman who gets intoxicated on alcohol three or four times a year and each time fights with someone and destroys property, either hers or somebody else’s. Provide a 500 word or more response on the following:  

Based on the case, you will perform an industry analysis and develop a strategy for the CEO of your chosen company to help shape the company’s future.  Write a three to five (3-5) page paper.  

ENG 220 WEEK 2 Comparison-Contrast Annotated Bibliography   In any career you pursue, the skill of presenting yourself and your ideas will play an important role. Whether in writing, in person, across the conference room, by phone, or across continents, people need to be sold on you as much as they are on your ideas. ENG 220 WEEK 2 Comparison-Contrast Annotated Bibliography  The quality of the points presented in writing depends on the quality of the source material chosen to include in the writing. An annotated bibliography begins the preliminary research process and serves as an ongoing list of sources that will support your final paper in Week 5. Using scholarly sources helps you with the following:Scholarly sources will give you credible work that your instructors and employers will acknowledge.The skills of paraphrasing and summarizing are foundational for any research writer.The more you strive to understand what another writer is trying to communicate, the more you will be moved to make your voice heard as a writer.Conductseveral searches using any of the databases in the University Library. Selectfour (4) scholarly, academic sources from the library search that support the topic you plan to present in your final paper. Writea complete summary of the information presented in each article, using your own words. Summaries must be a minimum of 250 words each. Writeyour analysis of the best use of this information in your paper; for example, how will this information support your comparison-contrast essay. Identifya possible topic sentence and claim the information will support. Formatyour title page according to appropriate course-level APA guidelines.  Submityour assignment to the Assignment Files tab.

one of the components of the criminal justice system (law enforcement, courts, or corrections).  Write a 1,400- to 1750-word paper in which you evaluate past, present, and future trends of the criminal justice component you select. Discuss the budgetary and managerial impact that future trends will likely have not only on the component you select, but also on the other components of the criminal justice system. Be sure to include current research data (qualitative and quantitative) in your analysis.  at least four peer reviewed references. your paper consistent with APA guidelines

Both African and Confucian ethical traditions have a long standing oral tradition. What is one theme from each of these ethical traditions that you believe is valuable to pass on through oral traditions? In what way do you have an oral tradition within your family?In writing your paper you are required to use one article from the library\’s academic resources/databases.The body of your paper should be 2-3 pages in length and in APA format.

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.In anticipation of Mary’s request for comparative analysis, it will be useful at this time to do some research. You know that you can obtain the financials of companies within the same sector or Standard Industry Code as Apix Printing (e.g., commercial printing), and that the North American Industry Classification System (NAICS) Standard Industry 2012 code for Apix Printing is presently 323111. Use  to search for two other companies in the same industry as Apix Printing.When you get to work the next day, you see the following e-mail from Mary:Explain the computation for each of the following, and compute each for Apix and two other companies in the same industry as Apix Printing:Present your findings of the above data in a table. Add a paragraph that summarizes your results, indicating whether investors would find the financial analysis results of Apix competitive as compared to rivals in the sector. Be sure to include both positive and negative trends in your analysis.