Research-Kudler Fine Foods Virtual Organization Barbara Hall MKT/421 ` Amber Topping August 5th 2013 Kudler Fine Foods is an upscale epicurean specialty food market with three locations in California. Founder Kathy Kudler enjoyed gourmet cooking; it was her way of relieving stress. Kathy having been Vice-President of Marketing for a defense contractor‚ found the opportunity for this upscale epicurean food market while
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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Enterprise resource planning (ERP) systems defined as an integrate business processes and information technologies into a synchronized suite of procedures‚ applications and metrics. ERPs are expected to enhance all of the corporate performance due to redesigned or rebuild business processes‚ integrated business functions‚ accelerated reporting cycles and expanded information capabilities (O’Leary 2000). On other hand Enterprise Resource Planning (ERP) system is business or financial management
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accounting standards accounting standards Introduction to Accounting Standards Accounting is the art of recording transactions in the best manner possible. Accounting Standards are the policy documents issued by recognized expert accountancy bodies relating to various aspects of measurement‚ treatment and disclosure of accounting transactions and events. Every country has its own standards. Accounting Standards in India are issued by the Institute of Chartered Accountants of India (ICAI)
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of cash flows. The balance sheet shows what it owes and owns. Income statement shows how the company did during a period of time both revenues and expenses. Statement of retained earnings indicates how much previous income was distributed to yourself and other business owners and what was kept for future growth. Statement of cash flows shows where the business obtained cash during a period of time and how the money was used. In my opinion the most important of the four would be the balance sheet
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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ROLE OF RESPONSIBILITY ACCOUNTING IN FOSTERING GOAL CONGRUENCE RATIONALE: It is impossible for top managers to make all the necessary decisions about everything except in very small organizations. Somehow at some point he has to delegate some decisions to those who are at the lower levels and are more knowledgeable to the everyday detail of the company’s operation. By empowering lower level managers to make decisions‚ decision-making authority is spread throughout the organization rather
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Austria Written by: Adamantios Diamantopoulos Department of Business Administration‚ University of Vienna‚ Vienna‚ Austria Abstract Prior research acknowledges employees’ crucial role in building strong service brands‚ yet empirical research on how to turn employees into brand champions remains scarce and has been largely approached from an internal branding perspective. Drawing on social identity and social exchange theories‚ this study takes a broader organizational perspective to link internal
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BM6026 - Managerial Accounting & Finance Mini Assignment - Sem 1 2014/2015 Name : Suriati Binti Yusse Matric no : MB1412199T Class : Tuesday - 7.00PM - 10.00PM product selling price Variable Cost : Material : Extract of Tongkat Ali Other Ingredients Packing Material Overhead Cost : Drying cost of liquid Other Overhead Cost Labour Cost : Processing Packaging Total Variable Cost Unit Contribution Margin Expected volume sales % of total sales Weighted Contribution Q1 : capsule
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The Value of Networking in Small Business Accounting Accountants have long faced the same dilemma faced by any professional who runs his or her own practice – should one expand one’s practice to attain a higher level of service and compensation or should one focus on running a “small” practice and reaping the fruits thereof? For many accountants‚ it may well seem as if the choice has already been made. As larger corporations have a tendency to turn toward big name accounting firms to handle
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