that uses computer technology in doing business transaction gets easier‚ accurate and safe to keep important records as well as retrieving daily sales to keep track of their business. Windows based transaction is now very common to widen the target of a company. It becomes more attractive to its client considering it can save time and a hassle-free. Sales Monitoring System was proposed in replacement of the manual process of business transaction of EAL Food and Grill. This system will improve and
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TABLE OF CONTENTS - CHAPTER 11 I. CHAPTER 11 – INVENTORY 1 II. OVERVIEW AND OBJECTIVES 1 A. Overview 1 B. Objectives 1 III. DEFINITION OF INVENTORY 1 IV. INTERNAL CONTROLS 2 V. ESTABLISHING AND MAINTAINING AN INVENTORY 2 VI. VALUING THE INVENTORY 4 A. FIFO 5 B. Weighted Average 6 VII. YEAR-END PHYSICAL INVENTORY 7 VIII. EXHIBITS 8 CHAPTER 11 – INVENTORY The purpose of this chapter of The Guide is to explain the concept of inventory and to discuss the policies‚ guidelines
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Depreciation is the decline in the future economic benefits of a depreciable non-current asset through wear and tear and obsolescence. It is an allocation process. It can be calculated by two main methods‚ each reflecting in a distinct prospect in the way the asset is used. Depreciation is to be treated as an estimated expense that does not set aside cash for the replacement of a non-current asset. In determining the cost of acquisition of the lathes‚ any capital expenditure made must be added
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Create a Marketing Plan A good marketing plan can shape the way you connect to your existing customers and attract new ones. It can also help you determine the types of customers you should target‚ how to reach them and how to track the results so you learn what works to increase business. If you don’t have a marketing plan‚ creating one is not difficult. A successful marketing plan doesn’t have to be complex or lengthy‚ but should contain enough information to help you establish‚ direct and coordinate
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depreciation charges are reported as a use of cash. In the statement of cash flows‚ a decrease in inventories is reported as a use of cash. 3. (TCO G) LeCompte Corp. has $312‚900 of assets‚ and it uses only common equity capital (zero debt). Its sales for the last year were $620‚000‚ and its net income after taxes was $24‚655. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would LeCompte need in order
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Conflict Mediation Training: case study on Call Centers | THESIS Thesis Advisor: Ms. Sabiha Abid Group Members Faiza Izhar – Humaira Siddiqui – MBA-Management Sciences Acknowledgement We begin with the name of Almighty ALLAH for giving us strength‚ potential and strong points to complete this entire significant research in a relevant manner. We would like to thank our advisor Ms. Sabiha Abid for her great support‚ motivation and encouragement. Through her guidance‚ we have gained
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SALES PROMOTION PROJECT OF KURKURE Launched in 1999‚ this perfect ’namkeen’ snack‚ fully developed in India‚ has become the torch bearer of fun and lovable human quirks. It developed an even stronger identity through celebrity associations with Juhi Chawla [2003] and Kareena Kapoor [2008] Named after the Hindi word for "crunchy"‚ Kurkure is a cheeto-like snack and is the flagship of Frito Lay’s Indian division. It is marketed by Hirani Industries Corp. (USA incorporated company)in Kenya. It is one
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Joe Raymond is a sales manager at Granite‚ Rock and Sand‚ and is in jeopardy of losing his job if he does not improve his unit’s sales performance. Joe cannot afford to lose his job because he will not be able to pay his mortgage on his new home. He began to interview candidates for a vacant position in this unit‚ where he is approached by a candidate‚ Jessica Morris‚ a former employee of Granite’s competitor‚ Silt‚ Sand and Such. She offered Joe inside information on Silt‚ Sand and Such that would
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THE WOODMAN FURNITURE SHOP POINT OF SALE SYSTEM PROPOSAL | | | This project proposal is for The WOODMAN furniture shop which outlines all the major work to be carried out during the developing and implementation of the proposed system. WOODMAN furniture shop is a business that deals in wooden furniture. Products are sold either in their raw state or vanished and stained INTRODUCTION This document will give an insight to the nature of the business‚ current system in use
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440 Case 2 – Application Controls a) A sales person should not be able to change the selling price of products without management authorization. Each time a product’s price is reduced beyond its sales price the manager should have to physically come up to the register and authorize the transaction. If the company implemented this segregation of duties control the salesperson could not get away with reducing the price of products to increase gross sales. b) A manager or someone else of authority
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