$ 22 M Dr Cost of Goods Sold $ 9.9 M (COGS to net sales ratio: 45% and the additional net sales at the end of 1993 = $22 million) Cr Inventories $ 9.9 M Q2. B&L’s accounting treatment of the product shipment arising from its new sales strategy is correct. Our opinion is based on the revenue recognition of the accounting rules. There are two conditions for revenue recognition. One is completion of the
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distributors for contacts‚ but with B&L for other items – confusion for consumers • B&L has more cash and fewer assets in inventory – better for B&L • Gives them financing (steady cash flow on promissory notes and profits) for other goods • Allows them to engage in other goods Advantages: Marketing resources immediately freed up to focus on the disposable contact lens market Lower SG&A expenses with new distribution plan Less inventory held by B&L for conventional lens‚ more in receivables
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Company Background L B Spices Trading (Private) Limited founded in 1930 as a cinnamon buying and selling shop‚ now produces excellent quality spices mainly cinnamon‚ garcinia‚ nutmeg‚ coffee‚ ginger‚ aricanut‚ cloves and pepper from Sri Lanka. LBS also produce essential oils such as cinnamon bark oil‚ and leaf oil through distillation process. LBS’s current market includes South America‚ Europe‚ Japan‚ USA‚ Singapore and Malaysia. Opportunity for ‘Going International’ LBS’s Mission and Vision itself
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Running head: L. J. Summers Company – Case Study Case Study: L. J. Summers Company K Green Case Study Analysis: L. J. Summers Company Problem The problem in this case is L. J. Summers Company’s recently implemented cost reduction plan is causing degradation in the organization’s laissez-faire culture and has put the company at risk while challenging their competitive advantage. Furthermore‚ the inexperienced production manager (owner’s son‚ Blaine) is using his unearned power as an authoritarian
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The mean TAN levels in the present study in all the sampling stations were below the recommended level of 0.1 to 1.0 mg/L prescribed by Boyd (1990). However‚ when the level recommended (< 0.2 mg/L) by Chavez (2009) is taken as a standard‚ it was found to that 35% of the study period‚ TAN levels were above the acceptable limit in the feeder canal and the pond 3. Ferreira et al. (2011) has recommended 0.2 mg/L as the acceptable level of TAN for the culturing of L. vannamei. Though the mean TAN levels
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L. T. is a married women and she has been in a domestic violence situation for past two years. She is a documented immigrant but she is not a U.S. citizen. L. T. has good but limited English skills and graduated from high school. She and her two children want to leave the dangerous place and they need a plan. L. T. would want to seek for any help that she could obtain and she also need to work to make both herself and her children survive. The plan is consist of job opportunities‚ housing‚ public
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Robert L. Dear Jr.‚ the man responsible for the shooting at a Planned Parenthood center in Colorado Springs last year‚ has just been declared unfit to stand trial. According to Judge Gilbert A. Martinez‚ the suspect is “mentally incompetent” and announced that Dear must be sent to a mental hospital to restore his competency. The Courtroom Drama Judge Gilbert A. Martinez’s ruling was based on the reports of the two state psychologists who have met with Robert L. Dear Jr. Both psychologists reported
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L Brands‚ the parent company of Victoria’s Secret and Bath & Body works‚ sells lingerie‚ personal care & beauty products‚ apparel‚ and accessories. It owns the brands Victoria’s Secret‚ PINK‚ Bath & Body Works‚ C.O. Bigelow‚ La Senza‚ White Barn Candle Co.‚ and Henri Bendel brands and stands as one of the largest specialty retailers in the U.S. with over 2‚600 US specialty stores. It does also operate in Canada and in 40 other countries‚ through licensing and franchise agreements. In addition‚ it
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1. Analysis Industry: Airline Industry In the case study two groups of competitors were acknowledged: legacy carriers and the low cost carriers (LCC). The legacy carriers included most of the best-known U.S. Airlines‚ like United‚ Delta or American Airlines. These airlines used the “Hub and Spoke” model as their operations system. The LCC‚ including used a different type of operations model called the “Point to Point Model”‚ pioneered by Southwest Airlines. In 2001 many airlines cut the traditional
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Problem Set #2: Chemalite Case 1. Record the effects of Chemalite’s 1991 events on the BSE worksheet Cash Flow type (O‚ I‚ F) Event Cash A/R 375‚000 F P1 (7‚500) I P2 P3 (62‚500) I (75‚000) O P4 230‚000 Inventory Patent Cap. Exp. PPE 125‚000 7‚500 62‚500 125‚000 7‚500 62‚500 Notes Pay Paid in Capital RE 500‚000 RE Explanation 75‚000 75‚000 - 500‚000 - Balance Sheet O O O O O O I F - T1 T2 T3 T4 T5.1 T5.2 T6 T7.1 T7.2 O1 O2 O3 O4 O5 Total (23‚750) 685‚000 69‚500 (175
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