...1.0 Introduction The company chosen for this assignment is XYTech Sdn. Bhd. which is based in Prai Industrial Park, Penang, Malaysia. XYTech started its operation in 1988 with a goal of continuous innovation and commitment to provide worldwide automation solution to its customer. XYTech designs, develops, and manufactures industrial automation equipment for customers from various industries including Automotive, Medical, Electronic,Air-conditioning and Semiconductor. Expertise includes High vacuum applications, Leak detection technologies, Assembly automation and Test systems. XYTech also builds Precision material handling and Secondary processing equipment used in the Semiconductor industry. XYTech provides its customers complete integrated engineering solutions from conceptual design to operational equipment; as well as after sales support. The company mission is to produce highly dependable and reliable machineries with effective cost and superior support and services to their customers. In the automation industry, competition is aggressive and dynamic where competitor will compete to gain the orders. Slack, Chambers and Johnston (2010) states that, there are five elements which are quality, speed, cost, flexibility and dependability are essential in operation objectives. XYTech has to fulfill all the elements in their operation objectives in which their customer expects besides meeting their machineries specification and requirements. As automation competitor competes with...
Words: 3012 - Pages: 13
...1.0 Introduction The company chosen for this assignment is XYTech Sdn. Bhd. which is based in Prai Industrial Park, Penang, Malaysia. XYTech started its operation in 1988 with a goal of continuous innovation and commitment to provide worldwide automation solution to its customer. XYTech designs, develops, and manufactures industrial automation equipment for customers from various industries including Automotive, Medical, Electronic,Air-conditioning and Semiconductor. Expertise includes High vacuum applications, Leak detection technologies, Assembly automation and Test systems. XYTech also builds Precision material handling and Secondary processing equipment used in the Semiconductor industry. XYTech provides its customers complete integrated engineering solutions from conceptual design to operational equipment; as well as after sales support. The company mission is to produce highly dependable and reliable machineries with effective cost and superior support and services to their customers. In the automation industry, competition is aggressive and dynamic where competitor will compete to gain the orders. Slack, Chambers and Johnston (2010) states that, there are five elements which are quality, speed, cost, flexibility and dependability are essential in operation objectives. XYTech has to fulfill all the elements in their operation objectives in which their customer expects besides meeting their machineries specification and requirements. As automation competitor competes with...
Words: 3012 - Pages: 13
...FINANCIAL ACCOUNTING PROJECT WORK Batch (2013-15) CHANDRAGUPT INSTITUTE OF MANAGEMENT PATNA By Group – 5 Rajeshwari Komal (60030) Suruchi Agrawal (60041) Surabhi Priya (60039) Kumar Ankit (60018) Kumar Devashish (60019) Kumar Rohit (60021) Xytech Inc. Submitted by Group-5 In this case, there is a company named Xytech Inc. which has been started by three partners named Able, Baker and Cabot. Their product designs were very successful and led to rapid growth of the company resulting in more need of capital to extend the growth and size of the company. In this case, major financing transactions entered into by the company for the first 10 years of its incorporation were taken into consideration. Here, assets including cash and liabilities are recorded in a single account “A and CL” which denotes assets and current liabilities. In the year 2000, the firm began its business with 3 partners Able, Baker and Cabot each contributing capital amounting to $ 1 Lakh. The journal entries for capital invested is 2000 Jan.1 Assets and Current Liabilities…dr 300,000 To Able, Capital a/c 100,000 To Baker, Capital a/c 100,000 To Cabot, Capital a/c ...
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...CHAPTER 9 SOURCES OF CAPITAL: OWNERS’ EQUITY Changes from Eleventh Edition Updated from Eleventh Edition Approach By comparison with Chapter 8, this chapter’s equity topics are relatively straightforward. I try to downplay the differences between equity accounting for unincorporated and incorporated businesses. As a consultant to the former, I urge them to impute market salaries for their employee-owners, so that their income can be compared with the pretax earnings of incorporated firms. Cases Xytech, Inc. provides practice in accounting for various owners’ equity transactions. Innovative Engineering Company involves comparison of alternative financing arrangements for a new company. UPC, Inc., examines the calculation of earnings per share for annual periods. Maxim Integrated Products, Inc., provides a platform to discuss accounting for stock options under PAS 123R. This is a new case with this edition. Problems Problem 9–1 a. (1) Debt/Equity Debt/Capitalization Ratio Ratio Including current liabilities.................................................................................................................... Rarely calculated $97,920 = 66.7% this way. $146,880 (2) Excluding current liabilities except $79,560 $79,560 = 35.1% = 54.2% current portion of long-term debt........................................................................................................... $226,440 $146,880 (3) Excluding all current liabilities........................
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