ALL ANSWERS ASSUME A TAX RATE OF 35% Even though the tax rate appears to be 1720 / 6725 = 25.57% In answering the following questions‚ please refer to the financial statements of Caterpillar Inc. (CAT) and the relevant Notes to these statements at the end of this write-up. 1. What could be the cause(s) for the shift in LIFO-based inventory from 70% at December 31‚ 2010 to 65% at December 31‚ 2011? A decrease in the replacement cost for Cat’s inventories‚ or an increase
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EXECUTIVE SUMMARY As we know that Mahindra & Mahindra Co. Ltd. is a production unit. When ever production term comes then first thing comes in our mind that is inventory. Because inventory is base for any production unit so‚ when we control and manage the inventory properly then the company is benefited. (By reducing holding and carrying cost of inventory.) Thus after studying inventory Management the important activity which is done on quarterly basis in the account department is Budgetary
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ZZZZ Best company is one of the biggest examples of Accounting Frauds. The founder of ZZZZ best was Barry Minkow. He was a very smart young entrepreneur when he started the company. He was involved in credit card forgeries prior to starting his own carpet cleaning business “ZZZZ Best Company”. Minkow began his business with small carpet cleaning jobs and he became a multimillionaire in a very short period of time. Minkow met a person named Tom Padgett at Los Angeles Health club. This was the beginning
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ABC Inc. Date: January 11th‚ 2015 Prepared by: Reviewed by: Professor ISSUE: Accounting for ABC’s tenant improvements and lease incentive obligations under the lease agreement with Landlord LLC (the “Landlord”). BRIEF BACKGROUND OF COMPANY ABC Inc. was founded in 2007 and is headquartered in San Francisco. Revenues and net income for 2010 are $500 million and $80 million‚ respectively. In September 2010‚ ABC Inc. (“ABC” or the “Company”) entered into an agreement with Landlord LLC (the
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MY REFLECTION SY 2013 - 2014 To begin with‚ I could say that I am more productive now compared back then when I was assigned at the School Canteen and be as one of the Canteen Teachers. The school year 2013-2014 brought me lots of challenges as a full time teacher and also with regards to the new task that I was assigned to. However‚ I always try to be more optimistic and see the good in every situation for I know that whatever challenges come my way‚ there’s always a reason behind it. And
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the most important moments that occur in a health care setting; when one must be focused and most concerned about patient safety; is during a surgical operation. During this time the operating room can be full of distractions. It is the responsibility of the health care professionals to work soundly as a team to create an environment that reduces
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Executive summary Coach‚ Inc. is an upscale American leather goods company known for women’s and men’s handbags‚ as well as items such as luggage‚ briefcases‚ wallets and other accessories (belts‚ shoes‚ scarves‚ umbrella…). The firm was founded in 1941‚ in a loft in New York as a partnership called the Gail Manufacturing Company. As of July 2‚ 2011‚ the company operates in over 20 countries with more than 1‚100 retail stores and around 15‚000 employees worldwide. Today‚ Coach Inc. has distribution‚ product
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To: Cost4Life Inc. From: Mr. Pat Brown Subject: Strategic Recommendations for the cost saving and revenue generation during upcoming industry downturn. Date: 21st January 2014 Table of Contents Introduction 3 Identification of Issues 3 Major Strategic Issue 3 Identification and Prioritization of Issues and Alternatives 4 Alternative 1: Divesting the Fraser dry dock 4 Alternative 2: Targeting more profitable market segment 4 Alternative 3: Register
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CASES FROM MANAGEMENT ACCOUNTING PRACTICES Table of Contents Case 1: Case 2: Bal Seal Engineering Robin Cooper Bill’s Custom Planters William Stammerjohan Deborah Seifert Dublin Shirt Company Peter Clarke in assoc. with in assoc. with Paul Juras Wayne Bremser ECN.W William Lawler Endesa Gary M. Cunningham Scott Ericksen Francisco J. Lopez Lubian Antonio Pareja Kincaid Manufacturing Jon Yarusso Ram Ramanan Osram.NA John Shank Lawrence Carr William Lawler Pleasant Run Children’s Home Brooke E. Smith
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April 2011‚ Tilburg Case 202 The Dublin Shirt Company‚ Peter Clarke‚ University of Dublin Question 1. A calculation of breakeven point (in units) for the year ended 2004. For the purpose of simplifying this calculation‚ you should assume that ONLY direct material and direct labor costs are considered variable with respect to changes in volume. Clearly identify your assumption regarding the sales mix in your calculation and specify why this assumption is important in the context of CPV analysis
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