Iowa Elevators Case 1. Where would you start? With which of the purchase categories? It is wise to look at which categories have the most expenses: which in this case is the farm supplies, MRO/Construction and transportation services. It seems that combined, they account for approximately 75% of overall annual expenses. One should analyze why they are so high. 2. How much money do you think you can save in each of the next five years? It is hard to predict the savings because of limited information
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Chris Middlebrooks BUSG 528 5/2/2012 2. Pro forma financial statements are predictions of the future but they are based on the past. The past is a good indicator of the future and the trends of the past used as a foundation to estimate the future. 4.a. $100,000 ($80,000 * .5 + $120,000 * .5) b. $75,000 ($80,000*.5 + 70,000*.5) I am not sure about the 45 day cycle. Would it only be half of the AR from August? So perhaps it would be $80,000*.5 + $70,000*.25=$57,500 c
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There is no purchasing department in any of the stores although standard purchasing procedures are in place. Each of the three department managers in each store determines requirements for the items their department sells and places purchase orders directly with suppliers using a purchase order form that is standard between the three stores. It is the responsibility of the Department Managers to obtain the best price, quality, and delivery possible. They also receive and verify all orders in terms
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You Need a Budget By Shawn Power I’m a person that is not good with budget any bills, so when it comes to pay bills I have to team up with my wife to get all the paper work together to get all the bill in order to make sure all the bills are paid. So when I seen this article on a program called You Need A Budget or (YNAB) I had to stop an read the article it amazed me how the program only cost 60$, and if your hesitant on purchasing the program you can down load the demo for 34 days with all the
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Kudler Fine Foods is looking at the prospect implementing internet based product and supply purchasing into the point of sale system that is already in place at all three Kudler locations. The addition of internet based purchasing for supplies and product inventory is aimed to help reduce overhead on purchasing costs for the company, while also diversifying the availability of products presented to customers. Currently, Kudler Fine Foods uses local and regional vendors for almost all of their products
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Proposal for Design Controls of Outflows ACC/544 Proposal for Design Controls of Outflows The appropriate controls of outflows for a successful company are to access effectively risks mechanisms to identify opportunities or potential pitfalls. Risks assessments are necessary at various levels within an organization. Some frequently performed risks assessments include: Strategic risks assessments (relates to the organizations mission and strategic objectives). Operational
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Is the use of technologies, such as "cookies", strategic to marketing goods and services online? What is the impact, if any, on consumer privacy? There is no doubt that the use of internet cookies is a strategic tool for online companies. Cookies are small text that is put on a computer’s hard drive when a user visits certain websites. Cookies are able to identify the users browsing and purchasing history. For example if someone has recently purchased a video game on amazon.com when that computer
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Acquisitions Substantive Tests of Transactions Occurrence Write the substantive audit procedure Completeness Write the substantive audit procedure 1. Segregation of the purchasing, receiving and cash payment functions Occurrence Recorded acquisitions are for goods and services actually received Recorded cash disbursements are for goods and services actually received Completeness Discuss segregation of duties with personnel and observe activities. Trace entries in the acquisitions
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Accounting and financial Software solutions I. Structure * 3 companies involved in retail and wholesale of diabetic supplies and other related items * For wholesales, we sale under different names to other store, we must have option of multiple name option on invoice template, and multiple name option on purchase order template. II. Sales: i. Sales Channels * Online retail through 2 websites and on Amazon * Wholesale directly to other pharmacies through 3 company names
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Club IT, Part Two Club IT’s business is rapidly growing and becoming “the” hot spot in town. Ruben and Lisa are excited to make a few changes with their information system and business processes. After many hours of review and discussion, three business problems were identified. First, the computer hardware and Internet need to be updated. Second, they need a more efficient way to handle customer orders and track inventory especially with Club IT getting so busy. Third, Ruben and Lisa are not
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