...Kathy Contreras MBA – USFQ Caso Daniel Dobbins Destillery, Inc. Trabajo a realizar 1. En su opinión, ¿Qué costos deberían incluirse en la cuenta de inventario de Dobbins? Es importante entender que el proceso de fabricación de Old Trailridge (whisky bourbon) sigue los siguientes pasos: - Mezclando el maíz molido con agua de manantial piedra caliza - Se añade a la mezcla malta de cebada y centeno molidos - Se calienta la masa para que los almidones se transformen en azúcar - Culmina el proceso macerado - Mezcla se vacía en tanque de fermentación de madera de ciprés - Se añade levadura y otros ingredientes - Se deja fermentar varios días - Culmina proceso de fermentación - Se vierte en un alambique o torre de destilación - Se separa el alcohol de la mezcla de desecho - Se mezcla el alcohol destilado con agua de manantial para conseguir grado alcohólico deseado - Se vierte el whisky en barriles de 190 lts. y se traslada a bodega para su almacenamiento - Período de añejamiento o envejecimiento (al menos 4 años) - Se vierte el contenido después de los 4 años en tanques para medición y filtrado de residuos de roble carbonizado - Se embotella - Se envía a distribuidores mayoristas. Una vez descrito el proceso de fabricación en mi opinión se deberían incluir: Los costos de barriles utilizados, costos de ocupación tanto de la fábrica como del espacio alquilado, gastos de mano de obra y de suministros de lab. Químico, depreciación de equipos de fábrica y de bodega...
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...Title: Analysis of Daniel Dobbins Distillery Inc. Case. Because of the market forecast that the demand of straight whiskey will be doubled from 1987 to 1995, the board of Daniel Dobbins Whiskey Inc decided to increase the production of whiskey in 1988 by 50% of the 1987 volume to meet the anticipated increase in consumer demand from 1991 through 1995. The manufacturing process of whiskey can be divided into two stages. Under the first stage which consists of several different steps, raw materials are converted into a clear liquid with a sharp, biting taste. The second stage which is also called ‘Maturing or Aging Process’ involves maturing or aging for a minimum of four years under controlled temperature and humidity conditions. Because of the increase in cost of production in 1988, which will generate revenues only in 1991, the income statement of Daniel Dobbins Inc showed a net loss of $814000 which was a significant change from net profit of $1504000 in 1987. In order to get loan of $3 million from Ridgeview National Bank of Nashville, the point of consideration for COO of Daniel Dobbins Distillery is how to present the financial results of 1988 to the bank. This loan is critical for company to remain solvent. One of the key issues in this case is how to divide the increased costs in 1988 between ‘Inventoriable costs’ and ‘Period costs’. According to the case, while preparing the income statement in 1988, the costs of first stage was included under inventoriable...
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...Eric Schlosser recounts one slaughterhouse employee’s experience in Fast Food Nation: The Dark Side of the All-American Meal more than any other -- Kenny Dobbins’s. Dobbins endured multiple traumatic tragedies at the expense of loyalty to his employer, Monfort Meatpacking. He was dealt with notorious injustice. The meatpacking industry is infamously oppressive and abusive. Everyday, workers without proper training are being engaged in dangerous factories and are being critically injured. They are treated inhumanely as if they are disposable. In this non-fictional book, Schlosser uses Dobbins as an example of the extreme maltreatment of meatpacking employees, promoting the notion that the fast food industry is corrupt. Dobbins had a tough childhood, having had an abusive step-father and left home at thirteen years old. He was illiterate, getting by on various odd jobs, and he wound up at the Monfort...
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...weaker army, leaving the British in control. Due to Hull’s surrender, Great Lake’s captain, Daniel Dobbins, was left imprisoned. When Dobbins finally escaped the British camp, he made a long trip to Presque Isle, later known as Erie. Here, Dobbins was guided to the President, James Madison, in order to relay the horrific news in front of the cabinet of the defeat. Dobbins, Madison, and the cabinet concluded that Presque Isle, or Erie, was the most suitable area for building a fleet, instead of attempting to invade Canada. Since there was not a navy base on Lake Erie, and Lake Ontario had more supply routes, Isaac Chauncey, naval forces commander, took control of the invasion. The well-respected veteran sent sailors and soldiers to the north, or Albany, by September, less than a month later. During this, Dobbins sailed to Presque Isle, a six mile land strip on Lake Erie. Unfortunately, the harbor lacked resources; therefore, Dobbins spent a small amount of two thousand dollars on supplies to build a fleet. Lieutenant Jesse Elliott, whose ideas clashed with those of Daniel Dobbins, commanded a small fleet at Black Rock that was within shooting distance of the British. Here, Elliott and Army Captain Nathan Towson, captured $150,000 worth of cargo from two British brigs, Caledonia and Detroit; this made Elliott a recognized hero. While Elliott was distracted with night raids, though, Dobbins was gathering supplies and shipbuilder, Noah Brown, to construct a couple more larger brigs,...
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...Management Planning and Control Case Name: Daniel Dobbins Distillery Student Name: Hechuan Lou (Serena) Date: 10-10-2015 1. Please give a brief summary of the issue facing management in this case. Daniel Dobbins Distillery Inc. Was planning to request a loan request for $3 million from National Bank of Nashville, Tennessee and they need to submit their 1988 financial statements. The issue is how they make the report to the bank about the loss of $814,000. Is the barrel costs and warehouse labor should charge to inventory? 2. In your opinion, what costs should be included in Dobbin’s inventory and why? In my opinion,the cost of barrels and warehousing should be included in Dobbin’s inventory. Because the maturing or aging process also belong to the part of manufacturing process. The whiskey was not ready for sale until it was aged and therefore the aging barrel needed to be included in product cost. As inventory costs include all the direct costs involved in the production process till the finished goods. 3. Assuming Dobbins decided to charge barrel costs (but not other warehousing and aging costs) to inventory, what 1988 income statement items would change? What asset amounts on the balance sheet would change and what would the new amount(s) be? Assume that this change was made five years...
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...[Type the company name] | [Type the document title] | [Type the document subtitle] | | [Type the author name] | 4/29/2014 | This document is about The Civil Rights Act of 1964 which focuses on the publication “Walls and Mirrors” by David Gutierrez and the case of "NLRB v. Fansteel Metallurgical Corporation" | The Civil Rights Act of 1964 This act aimed at ending the segregation and banning the discrimination for employment in public places based on race, color, religion, sex or the national originality of a person. This legislation is taken to be an achievement of the civil right movement. After the civil war slavery was abolished and an equal voting right was given to all persons which lead to this act. Since its establishment it has been expanded to include the disabled, women in collegiate athletics and the elderly within its definitions. (History.com, 2010) Various views examined: Timothy Minchin During the 1960s and 1970s the textile industry moved through a major change out of which the visible change was seen in the increased number of black Americans in the workforce. According to the Timothy Minchin this all happened due to the occurrence of civil act 1964. Before the presence of that act the number of black Americans working in the workforce was as low as 3.3% but after the act was launched the percentage increased to the 25%. (Minchin, 1999) Although the discrimination reduced to a little extent and due to the inserted pressures by the government...
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...thousands)Present Value of Future Cash FlowsIntrinsic Value of the firm | | | Abstract | Daniel Dobbins carried on his family tradition of beverage manufacture and started distilling whiskey in 1880. Lately, in 1973 David Dobbins took over as COO of the company and nearly doubles sales revenue during next 10 years. Recently, in order to capture a larger market share of whiskey consumption, a decision was made to expand production to try at a board meeting in December 1987. Hence, the board had decided to increase the production of bourbon in 1988 by 50% in order to meet the demand for straight bourbon whiskey. Consequently, Daniel Dobbins Distillery reported a loss of $814,000. David Dobbins along with managers are pondering whether they should submit the 1988 financial statements to the Ridgeview National Bank of Nashville,, Tennessee in support of a recent loan request for $3 million. The discussion among the managers revolved principally around the method of accounting should be used to for the treatment of various expenses reported in “other costs” section of the operating income statement. In order to remain solvent, the company needed an additional working capital immediately. Hence, a decision had to be reached on these matters quickly. | | | No of Words | 1684 | | | Questions Covered | 1. Is Dobbins using LIFO or FIFO? Which should it use?2. Please provide a uFCFF and Intrinsic Firm Value for Dobbins: a. As if it had not increased production; and b. Given its increases in production...
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...In the novel The Things They Carried, Tim O’Brien presents the truth of war by using the recurring image of the physical objects each soldier carries to and from the war. While they all carry heavy baggage, they also carry emotional baggage, made up of grief, love and guilt. O’Brien emphasizes on the tangible and intangible objects each soldier brings to the war. Each soldier's physical burden draws attention to their emotional burden. Even after the war, many of the soldiers can still hear the choppers in the background along with the unremovable baggage. O’Briens tells the stories of many of the honorable soldiers such as Lieutenant Jimmy Cross, Henry Dobbins, and his own firsthand experiences during the war; his poetic realism and comic fantasy illuminate the raw and gruesome reality of war. Lieutenant Jimmy Cross exemplifies the role of a leader; he comes across grief, love, and guilt throughout the novel. “As a first lieutenant and platoon leader, Jimmy Cross carries a compass, maps, code books, binoculars, and a .45-caliber pistol that...
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...It’s Not Just Physical: The Things They Carried Through Vietnam Soldiers of the Vietnam War marched miles and miles through the humid broiling forests of Vietnam. So the question every soldier asks themselves is, to hump or not to hump, though maybe not in those exact words. As Tim O’Brien so eloquently puts it in his novel, The Things They Carried, “To carry something was to hump it” (O’Brien 3). Already carrying twelve to eighteen pounds of necessities, an item must be of great significance for a soldier to lug the extra weight. Ted Lavender carried six to seven ounces of “premium dope” and an extra twenty pounds of ammunition, Kiowa carried an illustrated New Testament, and Henry Dobbins carried his girlfriend’s pantyhose wrapped around...
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...IIM Lucknow, Noida Campus MANAGEMENT ACCOUNTING –II Assignment – II, Daniel Dobbins Distillery, Inc (Case Analysis) Submitted By: Rahul Srivastava (WMP08034) Vinay Joshi (WMP08045) ANALYSIS Company History * Founded in 1880 in Oakwoods by Daniel Dobbins. * Major product is Old Trailridge Bourbon Whisky * High quality of whisky due to the unusual iron-free spring water used in the distillation process and the specially prepared fire-charred white oak barrels used in the aging process. * David Dobbins takes over in 1973. * Constant demand over the years * High demand surge forecasted due to maturity of Baby boom generation. Manufacturing Process * Ingredients controlled by laws. * Barrels can be used only once * Barrels are made through a patented process * Whisky has to mature for at least 4 years after the process. * Stored in 50 gallon barrels for mellowing in warehouse Maturing or Aging Process * The 50-gallon barrels manufactured under a unique patented process at acost of more than $60 per barrel. The barrels could not be reused foraging future batches of bourbon whiskey but could be sold to used barrel dealers for $1 each at the end of the aging period. * The increased production in 1988 necessitated the leasing of an additional warehouse at an annual rental cost of $200,000. The temperature and humidity of the warehouse space had to be controlled since the quality of the whiskey could be ruined by...
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...Andrew Bertubin HST 400 Dr. Rees 10/22/13 The War of 1812 The war of 1812 was a war that many people have forgotten. However it is a war that has shaped our country to what it is today. There are many variables to take into consideration when breaking down the war and how each positive and negative action has impacted our country. Importantly enough, the battles that took place on the Great Lakes significantly determined control over the Lakes and easy access for the British from the north. One battle in particular was the battle at Lake Erie. Oliver Hazard Perry was able to lead a fleet of ships against the giant Royal Navy. Throughout this paper I will discuss the buildup of tension on the lakes, hardship of building the fleets, recruiting manpower and supplies, and the infamous battle at Put-In-Bay. All of these events have a monumental impact on how the rest of the war could have played out. During the war of 1812 America wasn’t the only country having conflict with Great Britain. Great Britain was dealing with the Napoleonic wars lead by none other than Napoleon of France. This is important because this took heavy amounts of tension off the Americans because Britain was fighting a war back home. Okay, now we turn our path to Lake Erie. Early on in the war the United States didn’t put much emphasis on the importance of Lake Erie. Not up in till a couple of events took place on the lakes did the Americans pay closer attention to the lake. The first beginning...
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...William Welch ECS3013 – International Economic Development Professor Bullman Introduction Haiti covers a total of 27, 750 sq. km in the Caribbean between the Caribbean Sea and the North Atlantic Ocean. Bordering the Dominican Republic to the west, Haiti is also one-third of the island of Hispaniola. The mountains in Haiti cause the terrain to be mainly rough and the climate to be semiarid in the East where the trade winds are eliminated. Western Haiti features a more tropical climate. Prominent natural resources of Haiti are copper, calcium carbonate, gold, and marble. The population of Haiti is consisted of 9,801,664 individuals with 95% of individuals being ethnically black, and 5% being mulatto and/or white. French and Creole are the two official languages of Haiti. Regarding religion, the majority of Haitians are Roman Catholic (eighty percent), with the remainder of the population being Protestant, Baptist, Pentecostal, Adventist, Other, or None. A fascinating detail is roughly half of Haiti’s population practices voodoo. The economy of Haiti can be described as a misadventure. Haiti is a free market economy, enjoying advantages of low labor costs and tariff-free access for many of their exports from the United States. Haiti is known for their textile, sugar refining, flour milling, and cement industries. In addition, corn, coffee, sugarcanes, mangoes, and wood are many of the products from agriculture that are present in Haiti’s economy. On the other hand, corruption...
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...Your Name English According to the 1990 Veterans organization report, one in every three Vietnam veterans that were in heavy combat suffers from post-traumatic stress; this includes thirty-three percent of soldiers who went to Vietnam, or nearly one million troops, who gave into post-traumatic stress. PTSD must have been common in the group of soldiers in Tim O’Brien’s “The Things They Carried” due to the amount of burdens each soldier carried. Throughout the story, O’Brien demonstrates theme of psychological, physical and mental burdens carried by every soldier. He emphasizes these burdens by discussing the weight that the soldiers carry; their psychological and mental stress they have to undertake as each of them experience the brutality of the Vietnam War. The physical burden that each soldier carried was a necessity for them due to their emotional burdens that they carried. O'Brien depicted of all the things the men carried in order to create illustrations for the reader. One important use of description the author uses is weight. He uses weight to describe the burden of items that are carried by the soldiers in this story. “The weapon weighed 7.5 pounds unloaded, 8.2 pounds with its full 20-round magazine.” He continues later saying “Among the grunts, some carried the M-79 grenade launcher, 5.9 pounds unloaded, a reasonably light weapon except for the ammunition, which was heavy. A single round weighted 10 ounces. The typical load was twenty-five pounds.” This gives...
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...Sexual Harassment in Global Human Resource Management BUS 325 Fall Quarter 2008 Global HR Management Instructor: Sandy Hughes December 9, 2008 PREFACE My purpose for writing about Sexual Harassment in Global Human Resource Management is to present some of the issues occurring in our nation globally as it relates to sexual harassment and how employers handle it. We must also examine the laws put in place to help curve this problem. Issues of sexual harassment are simply not raised enough and dealt with in society and abroad. Everyone has the right to work comfortably in an environment that is free of harassment no matter whom they are and where they work. Finally, it is very important that we don’t forget the seriousness of sexual harassment and the effects that it can have on any individual, be it man or woman, although women experience sexual harassment more than men. “Sexual Harassment has been pointed out as the most increasing, widespread problem faced by women in the workforce (Kadue & Lindeman, 1997).” Therefore, I will write to you about what sexual harassment is and what constitutes it, where the United States and other countries stand on this issue (the global view), types of sexual harassment, how to identify it, major problems related to sexual harassment, disciplinary actions the offender may face, and affects sexual harassment may have on the victim. Sexual Harassment is defined as unwelcome sexual advances, requests for sexual favors or other...
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... Karcher did not grow up in the restaurant business, rather a string of opportunities and risk created a perfect storm for Karcher. At a young age Carl went to work for family in California. After 3 years he delivered fresh bread for a bakery. He was now married and took out a loan to buy a hot dog stand. 4 years later he opened his first restaurant Carl’s DriveIn BBQ. This was all happening at the same time McDonald’s was becoming big in Southern California. In 30 years Carl’s Jr had over 300 restaurants. By managing risk and a good business model, Carl Karcher thrived using freedom right philosophy. He also happened to be a political conservative. Order left philosophy is brought to life in Fast Food Nation in the horrific plight of Kenny Dobbins, a factory worker. Kenny suffered a herniated disc in his back from catching a box. Kenny was hit by a train. Kenny was chemically burned inside and outside his body. Kenny had a massive heart attack on the job, and while recovering in the hospital, he was fired. Other than Job, Kenny may have the worst luck of any human being....
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