Investigator Assigned To Apollo Shoes

Analytical Procedures - Comparing results from 2007 with information from 2006 to see if expenses are reasonable. Sales Comparisons o Sales decreased comparatively by .39 from 2006 to 2007, much lower than the desired 10 budgeted increase in sales. o Sales returns during 2007 increased 300 from 2006. Sales returns for 2006 were 1.83 of sales versus 2007 sales returns which were 5.55 of sales. o Warranty expenses increased slightly from 2006 to 2007. An increase of .03 was reported. HYPERLINK http//www.justanswer.com/questions/1fx39-where-do-i-go-to-see-apollo-shoes-case-study-solutions t _top Income from Investment Comparisons o Income from HYPERLINK http//www.justanswer.com/questions/1fx39-where-do-i-go-to-see-apollo-shoes-case-study-solutions t _top investment carried a zero balance at year-end for 2006. Reported income from investments during 2007 total 1,426,089.31. This income was not reported within the board meeting minutes. This income has not been examined. Interest Income Comparisons o Income from interest decreased in 2007 by 35 in comparison with the previous year. Respectively, interest income is .06 of total income. Miscellaneous Income Comparisons o Misc. Income carried a zero balance at year-end for 2006. Reported misc. income during 2007 total 2,145,000. This income was also not reported in the board meeting minutes and has not been examined. Expenses subject to management discretion - Reviewing expenses that