10.4 CaseSoutheast Shoe Distributor, Inc Auditing: BUSA 424 Case Study: 10.4-Group 3 Introduction: Stewart Green and Paul Williams are the founder of Southeast Shoe Distributor(Founded 10 years ago). SSD is a distributor who buys men's, women's, and children's shoes and buys and resells them to small and medium-sized retail stores. SSD’s basic strategy is to obtain a broad selection of designer-label and name-brand footwear at low prices to resell to small one-location retail stores. They are keeping cost of foot wear low by;Purchasing large block of production over-runs, over-orders, and last season’s stock with discounted price, Sourcing in season name brand footwear from factories(Brazil, Italy, and Spain),Negotiating favorable price with manufacturers. Company treat several brand footwear such as Amalfi, Clarks, Dexter, Fila, Naturalizer, and Rock port. Company’s warehouse located in Atlanta, Georgia. Company’s last year net sale was $ 7,311,214 (Strong in 2nd and 4th calendar-year quarter/ Weaker in 1st calendar-year).
- Fall '17
- Brand, Generally Accepted Accounting Principles, Shoe, Footwear