Reference no: EM132592572 , Length: word count:1400
Please read the attached case for "Crazy Eddie, Inc." answer the questions below:
Questions:
Antar pleaded guilty to one federal charge of racketeering and publicly admitted, for the first time, that he had defrauded investors by manipulating his company's accounting records.
1- From accounting aspects, explain 4 factors or strategies that Antar developed to formulate his company to successful public? And give example for each factor.
2 - Identify and briefly explain the Crazy Eddie's financial statements manipulation in regard to Inventories.
By 1987, Antar's firm, Crazy Eddie, Inc., had 43 retail outlets, sales exceeding $350 million, and outstanding stock with a collective market value of $600 million. Antar personally realized more than $70 million from the sale of Crazy Eddie stock during his tenure as the company's chief executive. A classic rags-to-riches story became a spectacular business failure in the late 1980s when Crazy Eddie collapsed following allegations of extensive financial wrongdoing by Antar and his associates.
3 - Identify and explain 2 markets condition and 2 intra-firm condition were a red flags to Crazy Eddie's failure?
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: Explain 4 factors or strategies that Antar developed to formulate his company to successful public? And give example for each factor
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