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Newham Case Summary

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Introduction Newham Company is a publicly traded company that is part of the consumer goods sector and the personal products industry that focuses their sales to department chain stores such as Target and Walmart to be sold and distributed to the final consumer. Relevant competition includes Revlon “who also sells to department stores and AVON who has found their niche in department stores as well as maintaining their 130-year-old tradition of having personal sales representatives visit one’s home to sell Avon’s wares”. “Both competitors sell their products online” (Revlon, n.d.)) (Avon, n.d.).
Business Risk Analysis Newham. Newham’s steady growth and success over the past several years has managed to withstand the resignations of their …show more content…

Personal products are a dime a dozen requiring individual firms to “differentiate themselves from their competition to remain solvent and stable in this highly competitive industry.” Additionally, “remaining vigilant in attracting new consumers to buy their products requires extensive marketing research and advertising to achieve that goal.” Moreover, “globalizing their company to meet the needs of new markets requires partnering with unknown results.” Furthermore, the need to rebrand existing products to suit new markets is paramount for continued growth” (Renner, 2018). However, these few examples may also require significant capital that a company may not have resulting in intentional and unintentional …show more content…

However, a cross-reference of the shipping documents could not be located for 25 sample items due to the lack of prenumbered shipping documents.
• Testing of the deposit slips show on the bank reconciliation within a standard 48 hours, and deposits are recorded in the correct reporting period establishing adequate cutoff measures.
• Confirm the accounts receivables by reconciling the actual customer’s balances to the balance sheet. Confirm that the customer balances are correct, authentic obligations and are valid. Newham had ten mathematical errors and needs to implement data systems that will prevent this concern.
Industry Ratio for accounts receivable turnover reflects that Newham is collecting their money at an average rate of three days compared to their competition Revlon and Avon whose turnaround time are eight and twelve or more days respectively. Report of

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