Schick Technologies
Not what you're looking for?
Answer the following four questions for the attached case on Schick Technologies.
Purchase this Solution
Solution Summary
This explanation provides you a comprehensive argument relating to Schick Technologies
Solution Preview
1. The summary of the different types of revenue reporting issues include the fact that consignment sales were illegally included in revenue. Also the shipments of trial products to the customers were misleadingly included in sales. Most importantly, end of quarter shipments were made to warehouses that were leased by Schick Technologies itself. When shipments were made on trial basis to customers, there was no obligation on the customers to buy those products, yet these were added to sale revenues.
In addition, Schick Technologies recorded bogus sales, and did not recognize huge product returns. Schick Technologies dishonestly entered consignment sales as actual sales.
2. The suit concluded on June 21, 2005, when the SEC made the announcement that the US District Court for the Eastern District of New York entered a final judgment against defendants Schick Technologies. The final enforcement ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Basics of corporate finance
These questions will test you on your knowledge of finance.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.