PR 19-4A Big Wave Company manufactures surf boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for July: Materials July 1 Balance 30,000 July 31 Requisitions (A) 31 Purchases 120,000 Work in Progress July 1 Balance (B) July 31 Completed jobs (F) 31 Materials (C) 31 Direct labor (D) 31 Factory overhead applied (E) Finished Goods July 1 Balance 0 July 31 Cost of goods sold (G) 31 Completed jobs (F) Wages Payable
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Running head: Zara Case Paper Analysis 1 Zara: IT for Fast Fashion Case Analysis Sonal Bhagwat University of Houston-Victoria MGMT 6352-2011FA-25125 November 2011 Zara Case Paper Analysis Table of Contents: • • • • o • • • 2 Abstract Case Description Goals and Strategy Speed and Decision-making Marketing, Merchandising, and Advertising Information Technology Problem Analysis Firm-based-value chain model Model Application Implementation Opportunity Analysis Evaluation of IS Implementation
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000 Land (held for future use) 150,000 Corporate Office Building 600,000 Inventory 200,000 Equipment 450,000 Office Furniture 100,000 Accumulated Depreciation 300,000 What is the net amount of property, plant, and equipment that will appear on the balance sheet? A. $950,000 B. $1,100,000 C. $1,300,000 D. $1,600,000 6) Of the following companies, which one would not likely employ the specific identification method for inventory costing? A. Hardware store B. Farm implement dealership C. Music store
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Case 12-9: Rough Waters Ahead 1. How should Smooth Sailings’ management perform the recoverability test for the cruise ship as of December 31, 2010? a. What assets and liabilities should be included in the “asset group” as defined by ASC 360-10 for purpose of performing the recoverability test? i. FASB ASC paragraph 360-10-35-23 states that for measuring an impairment loss, long-lived assets should be group with other assets and liabilities at the lowest level for which identifiable cash flows
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Executive Summary Situated in the Heart of Cape Peninsula University of technology, Beauty Pro’s is a full-service beauty salon dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing an enjoyable atmosphere at low prices in accommodation of our student customer base. We will also maintain a friendly, fair, and creative work environment, which respects diversity, ideas, and hard work. Our Mission: To keep the Students of CPUT
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spent on training iii Cost of obtaining a replacement and training that person. Problem 4.18 1 Morilla LtdGeneral journal | | | $ | $ | (a) | Dr Inventory | 8,250 | | | Cr Accounts Payable | | 8,250 | | | | | (b) | Dr Accounts Receivable | 11,000 | | | Cr Sales | | 11,000 | | Dr COGS | 7,700 | | | Cr Inventory | | 7,700
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distributing its own brand by manufacture, sell, service personal computers. Dell took advantage of its core strategy of build-to-order model, yielded low finished goods inventory, which was very competitive in the industry. The build-to-order model made Dell can have much lower investments in working capital (Most in inventory) than its competitors. It also enables Dell can benefit from lower obsolescence risk and introduce new products more rapidly and less costly. Since then, Dell has grown rapidly
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1) Lower stock holding All manufacturing units aim at one thing, which is to minimize the expenditure that related to the ordering and carrying out inventory. The company should order only that much inventory, no more no less or hold no inventory which is needed to carry on their immediate production. So the company should not store any extra inventory that is needed in the production since it will incur an additional carrying cost. As soon as goods are finished, it should be shipped to the customer
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Strategic differentiations of services Business process to improve: Supply/Inventory Management II. Business Process Explanation: Current inventory management and supply ordering processes are ineffective in today’s business environment. Effective management of on hand supplies coupled with the ability to reorder needed stock quickly and at competitive prices will ease the stresses associated with UMUC Haircuts current inventory/supply business model. Achieving efficiency isn’t easy and there is
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Inventory Write-Downs and Reversals 1. Codification a. FASB Codification -- Topic#330, Subtopic#10 Overall is the primary authoritative guidance for the accounting for inventories. The predecessor literature that governed accounting for inventories is Accounting Research Bulletins (ARB) No.43 Chapter 4. b. According to Codification- Topic#330, Subtopic#10, Section#20 Glossary, the following three types of goods are classified as inventory: Held for sale in the ordinary course of business
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