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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with governments versus vulnerability to political distress in 70’s in Iran‚ Pakistan‚ Libya and Poland. 2. On which assumptions were goals‚ strategy and related risk/return policy based? • Exchange Rate stability (higher UK pound) • Stable cost of goods sold (Diesel Engines in UK) • Political stability in relation to countries in developing countries • Continued economic growth • Limited volatility in cash flows • Customer’s ability to make the principal payments • Stable or declining interest
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inventory. Every inventory item is kept on a separate ledger. These inventory ledgers contain information on cost of goods sold‚ purchases‚ and inventory on hand. Inventory management systems allow for a high degree of control of the company’s inventory by management. The company used only a manual listing of products it has no security and back-up of their records‚ So the proponentss provide a good solution using online inventory system. 1.2 Statement of the Problem 1.2.1 General Problem The
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in customer markets from the effects of war and terrorist activities could adversely affect ability to obtain production supplies or sell chicken products. Financial Statement Accounts/Disclosures that could be affected: Going concern disclosure‚ cost of sales‚ revenue‚ inventory The company may not be able to continue as a going concern or may have to pay more to produce poultry or not be able to obtain supplies
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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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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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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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current operating assumptions. As an alternative way of looking at the forecasted funds flows‚ Mr. Mehta also prepared a forecast of cash receipts and disbursements. To prepare a financial forecast‚ Mr. Mehta would improve on various parameters. Cost of goods sold would run at 73.7 percent of gross sales - a figure that was up from recent years because of increasing price competition. Operating expenses would be about 6 percent of sales - also up from recent years to include the addition of a quality
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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advantages of the new distribution and sales strategy are as follows: - Marketing resources would be immediately freed up to focus on the disposable market - B&L need to hold less inventory for the conventional lens - Possibly lower distribution cost due to shipment consolidation. B&L only need to ship to distributor warehouse instead of final customer location. Since distributor orders can be combined and
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