ACCT 4327.01 (Group #3) Anakaren Rios Abel Martinez Madelein Torres Phar-Mor Originated in Youngstown, Ohio, Phar-Mor was a discount drugstore chain founded on 1982 by Michael Monus. Due to its success, David Shapira jumped on board and became the CEO. The company grew from 15 stores to 310 in less than 10 years, but mostly due to the greed of its chief operating officer, Michaels Monus. The reason they grew so much was because their prices were 20 to 40 percent lower than the market. Inside the
Background of the Company Phar-Mor Inc., founded in 1982 as an affiliate of Giant Eagle, was one of the top ten deep discount drug store chains in the United States. The deep discount segment of the drug store was the result of the Great Depression in the past. During that time, because consumers wanted quality goods at low prices, a lot of companies tried to cut down the overhead costs and used purchasing techniques to maintain profit. Phar-Mor was not the exception. Phar-Mor saved its money by renting
Someone said, “There are things in life we do not want to happen but have to accept; Things we do not want to know but have to learn, and people can not live without but have to let go”. Wanting Mor is a book about the main character names Jameela, a girl who lived with her family in Afghanistan during the war. After her mom passed away, she had to face a lot of changes, challenges and overcame all by herself. Jameela wants to live her beautiful life with things that she wants to happen but it’s
Phar Mor, Inc. was one of the largest private companies in US. In the late 1980s, Phar Mor expanded itself in 32 states and recorded sales of $3 billion. But in 1992 Phar-Mor, Inc. faced an accounting fraud of $500 million and came to bankruptcy. For enhancing the credit line, the company made and submitted untrue financial statements to the auditor and investors. These fabricated financial statements benefitted Phar Mor to defrauded many banks and investors. The president, Vice president of marketing
Phar-Mor Inc., Waste Management, and WorldCom Frauds In the fraud case of Phar-Mor Inc., Waste Management, and WorldCom, the auditors not only failed to discover these companies fraudulent financial reporting but some even help in guidance to continue fraud schemes. Andersen Accounting helps Waste Management in their fraudulent activities by issuing unqualified audit reports of the company’s false financial statements, and engaged in a secret agreement to write-off error of data over the periods
This is primarily a case of gluttony and self-indulgence. Phar-Mor received a bill for inventory that was not received from Tamco, its sister company. To make matters worse, when it came to properly recording inventory that was received from its sister company, Phar-Mor dropped the ball drastically and failed. With the unsound bookkeeping it made it difficult to separate the products received. Michael J. “Mickey” Monus, the then Vice President, took over 15 million dollars and transferred to the
Decision making, defined as the thought process of selecting a logical choice from the available options. I am currently a Store Manager in Training for O 'Reilly Auto Parts. The store that I am training at underwent a major turnover in staff because of employees stealing and the Store Manager(SM) was demoted. The District Manager assumed responsibility for hiring new team members at that location while bringing in an Assistant Manager(AM) from another location to help provide coverage for the
In the “Eat Mor Chikin” ad released by Chick Fil A viewers see a humorous trio of cows protesting against the consumption of beef-based products. The three cows are somewhat imitating humans by standing on two legs while holding very large signs on their bodies similar to protestors for organizations such as PETA (people for ethical treatment of animals). On each sign you can clearly see that the cows are attempting to spell “Eat More Chicken,” however each word is either misspelled or very badly
Chick-fil-A’s Famous ‘Eat Mor Chikin’ Campaign Chick-fil-A has become one of the most flourishing fast food restaurants in the United States. It was originally founded in 1946 and was headquartered here in Atlanta, Georgia. Over time, it has now grown over in 41 states with over 1,850 locations. This fast food restaurant took in $5 billion US dollars this past year surpassing the chicken leader KFC. (Wong) This income was done even with the closing of fifty-two Sundays of income lost per year. Every
declared, Mors politely confessed to the officer he had killed eight residents of the old peoples home were he worked at as a nursing assistant. He initiated he used arsenic, opium, and morphine to poison his victims and decided afterwards to devise another method that was less likely to leave any evidence. His new method was to pour chloroform into his victims mouth and when burn marks around Mors victims mouth would appear he would use a layer of Vaseline to prevent it. It was not long as Mors continued
pharmacy. In 1991, Sara Creek wanted to buy out the existing anchor tenant, which was struggling and had recently declared bankruptcy, and replace it with Phar-Mor, which would be a discount store containing a pharmacy. As a result, Walgreen’s sued Sara Creek for a breach of contract, as the exclusivity clause in the lease would be violated. Phar-Mor was also a Defendant, but it was determined that they were not liable for any wrongdoing and all claims
Toxicology Article Cases Cousins Herman and Paul Petrillo were career criminals from Philadelphia who decided to form a matrimonial agency during the 1930s. The purpose of their agency would be to help widowed women remarry and get life insurance policies for their new husbands. However, since the agency functioned as a conduit for collecting money from these policies, the Petrillo cousins and their gang had a vested interest in making sure their clients’ husbands came to tragic ends, often with
store with even lower prices products than Walgreens just 200 feet away in the same mall. Walgreens took this case to the court and Walgreens was granted a permanent injunction against the new lease between Phar-Mor and Sara Creek by the Seventh Circuit Court of Appeals. This means that Phar-Mor was prohibited to move to the mall during the agreement period between Walgreens and Sara Creek.
1. History of the company/brand Chick-Fil-A is a family owned quick-service chicken restaurant chain based in the U.S., headquartered in the Atlanta district of College Park, Georgia. Chick-fil-A provides nutritious and freshly prepared chicken sandwich and related products alongside with various wraps, burgers and breakfast items. Chick-fil-A is most famous for its signature chicken sandwich, which was invented by Truett Cathy, the founder of the chain and also the inventor of boneless
workshops to employees” (Mor Barak, 2014, p. 243). The Army does a great job of recruiting diverse people by setting up its recruiting stations in every region of our country. Not only does it seek to select diverse people, once they have entered the military they go through a continued
The unlocking charm hails from Africa and does not have a standard latin-based incantation like most spells do. The incantation for the unlocking charm is Alohomora, pronounced like al-loh-ha-mor-ah. Emphasis is put on the second and fourth syllables, loh and mor. The wand movement for the unlocking charm is a backwards s that curves up at the end. The wand movement and incantation must be timed the same, so that you start and finish the movement and incantation at the same
Supply PO: As the Supply PO for my department, I have been crucial for the sustainment of the hospital’s mission and delivery of quality care. I efficiently and effectively managed an OPTAR of $156,129 in support of day to day operations of the MOR. My efforts have resulting in the continuation of care
Two days later, the Phar-Mor board confronted him with two books that had been found. The board had found that one of the books had largely inflated profits. This revealed that with the board, banks, and investors deceived, Monus was able to pull in more pay and sell stock at
delivering the best service they could to every customer that they served. The Richard Group which was based out of Dallas, Texas started a unique advertising market for Chick-Fil-A that has stuck with the company for over twenty years it’s called “Eat Mor Chikin” campaign. They started this campaign by having a three-dimensional billboard that had three black and white
The Ford Pinto 1. Briefly describe the dilemma. The ford motor company is questioning whether the case is that lives are more valuable thin the ford pinto. The dilemma is that Ford says that the pinto has more value in it than the life of a human. The reasoning is cost that is figures of numbers the pride of the human life to the price that it would cost to repair the pinto. The price of human life is in the thousand when the price of the pinto is in the millions. Likekwise the comparison of