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 Possibly lower distribution cost due to shipment consolidation (only shipped to distributor (32 of them) instead of shipping to final
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service FedEx. FedEx is a successful company‚ which is known for its speed‚ on-time delivery and reliability. They used FedEx for delivering perishable products‚ so that they reduced the time it took to deliver flowers to customers. They also have a good customer service. With the online tracking system‚ they are able to see the location of the products and give immediate feedback to customers about the whereabouts of an order. Most of the revenues were derived from catalog‚ corporate clients and promotional
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Synthesise: put together various elements to make a whole. NATURE OF BUSINESS: A business is an organised effort of individuals to provide and sell‚ for a profit‚ products that satisfy individual’s needs and wants. A product is a good or service that can be bought or sold. Services are intangible and are done for you by others. Business Size: Business size can be measured using number of employees‚ number of owners‚ market share. The number of employees is the easiest quantitative measure
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Re: A network of ideas Date: October 20‚ 2017 Summary: This case focal point on the gross and net revenue recognition. The gross amount billed to a buyer for Spider has earned income (as a principal) from the sale of the goods or services. Also‚ the net amount restrain (that is‚ the amount billed to the buyer less the amount paid to a supplier) because Spider has earned a commission or fee as an agent. Should Spider record the revenue it earns from placing ads for various
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at $100 and order 1200 sweaters. 3a. What is the contribution if demand is 600 sweaters? Revenue = (600*100)+(600*15) Cost = (1200*35) Profit = Contribution = Revenue – Cost 3b. What is the contribution if demand is 1‚200 sweaters? Revenue = (1200*100) Cost = (1200*35) 3c. What is the contribution if demand is 2‚400 sweaters? Revenue = (1200*100) Cost = (1200*35) There is nothing that can be done if demand is over your inventory‚ it is sales Flanders was not able to make‚
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Nash-Finch Company and Subsidiaries Inventory Analysis ACCT 6610/5610 1. Download a copy of Nash-Finch Company and Subsidiaries 2012 10-K filed with the SEC on February 28‚ 2013. You do not need to hand the 10-K in with your assignment‚ but you will refer to it in answering the questions below. 2. What does Nash-Finch do? Nash-Finch was established in 1885 and incorporated in 1921. They are the largest food distributor servicing military commissaries and exchanges in the US (in terms
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signing off on false information and knowingly overlooking discrepancies in where inventory was inflated and cost of goods sold deflated to keep the company from showing a loss for the year‚ or report the issues and possibly cause the company to have its loan called by the bank and go out of business. This dilemma would also include a personal aspect in that Jane faced the decision that could cost her the loss of her job or her credibility. The events leading to this dilemma include the poor inventory
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Senior Assignment Research Paper Executive Summary KBR‚ Inc. is one of the world’s premiere engineering‚ procurement and construction companies with a presence in five continents‚ offering services through ten business units. They provide defense services for the United States and other international government agencies‚ along with‚ being known as the leader of the oil and gas industry. This company has completed ground-breaking projects like producing the world’s largest Floating Production
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Overlook Video Stores Inc. (OVS) To: Ms. Alice Hartford‚ Partner From: CA‚ Audit Senior Re: Planning for the year end 2009 of OVS and requested control deficiency information Engagement Overview The purpose of this memo is to document the planning of the financial statement audit st engagement of our client Overlook Video Stores Inc. (OVS) for the year ended December 31 ‚ 2009. OVS has been our client since its inception in 1998. This year’s audit will commence January‚ 2010‚ th
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could then also work in the inspection area and help reduce the amount of returns. Another thing that needs to be done is a physical tracking of the actual throughput time for a board in the system. The numbers provided in the analysis are only as good as their inputs‚ therefore improved figures on timing would allow the company to provide better delivery time estimates. As it stands‚ a maximum of ~1200 boards can be produced during a week. An order queue can build up after that‚ and the length would
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