Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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Case Study #2 FHE Inc. Operations Management FHE is a multimillion-dollar company that manufactures pumps and related fluid-handling equipment. The manufactured equipment transfers various types of liquids‚ from paint to food products. These pump are used by automobile and appliance industries‚ allowing performance in vehicle servicing and home construction‚ to name a few. Over the past five years‚ sales and profits have increased as a result of new product introductions. The organizational
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Case Study: LaJolla Software‚ Inc. LaJolla Inc. is a young business information software company based in California outside the Silicon Valley. The company is interested in forming an alliance with a Japanese firm and has for the last several months been negotiating with several firms in Japan to realize their goals of distributing their product in Asia. The owners have finally found a Japanese firm that will create an alliance with them. The firm is now sending a contingent of managers to
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Case study 1 Taracare‚ Inc Summary The case is about a conversation between Jorge Gonzales‚ the CEO from Taracare Inc.‚ and his manufacturing manager Alfredo Diaz. Alfredo was hired because Taracare was having difficulties in meeting the deliveries and in quality. After some time and only making little progress‚ Alfred scheduled a meeting with Jorge to discuss the problems. The main points Alfredo concerns was: Problems with Purchasing materials Delivery promises from the sales that can´t
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WAL-MART CASE STUDY ANALYSIS SWOT STRENGTH ▪ Information Technology : They have a strong information technology system as implemented EDI‚ Information system‚ UPC at POS‚ Satellite system‚ Pick to light system‚ Vendor management inventory system which was not implemented by any other competitor. ▪ Supply Chain (Strong). They had a long term relationship with the supplier as there was no non sense negotiator as they eliminated the manufacture representative from negotiation with the suppliers
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Case Study: NetFlix.com‚ Inc SUMMARY: NetFlix.com‚ the world’s largest online DVD rental company‚ was founded by Reed Hastings and Marc Randolph in 1997‚ and is headquartered in Los Gatos‚ California. The company started its online DVD rental business by launching Netflix.com‚ offering pay-per-DVD rental services by delivering DVDs via mail. As the company prospered during late 1999‚ Netflix replaced its pay-per-DVD revenue model with a fixed monthly fee system that allowed customers to rent up
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EXECUTIVE SUMMARY In the case of Chemalite‚ Inc. we analyzed the financial data provided by one of the largest stockholders of the company‚ Bennett Alexander‚ and the company’s bookkeeper. According to given expenditures‚ transactions‚ cash outflows and other related financial information; we prepared transaction journals‚ T-accounts‚ income statements‚ statements of financial position and statements of cash flows for the six months ended June 30‚ 2003 and for the year ended December 31‚ 2003. We
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Fitbit Inc. was founded by James Park and Eric Friedman in 2007. The duo‚ realized that sensors and wireless technology had advanced to a point where they could bring remarkable experiences to fitness and health. This realization led to the conception of a wearable device with activity trackers and wireless-enabled technology that can measure various data and track activities related to health and fitness such as heart rate‚ quality of sleep‚ steps walked‚ steps climbed etc. Fitbit Inc. is devoted
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27‚ 1981 to develop a solar source of energy in the Philippines and yet after 7 years‚ it was to be terminated at the end of the year unless they could have a local group who will deal with the project commercially. III. POINT OF VIEW As for the case‚ the proponents view point will be coming from Mr. Antonio Co‚ since he is on top of the situated problem given. Mr. Co still is the overall in charge of the situation despite the fact that he appointed Bingo Dimalata to do the legwork for him and
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Week 3 IRAC method Aug 18‚ 2014 Week 3 IRAC method Mattel‚ Inc. v. MGA Entertainment‚ Inc. Case No. 11-56357 (9th Cir. Jan. 24‚ 2013) United States Court of Appeals for the Ninth Circuit Facts This was a litigation case between Mattel‚ Inc.‚ the maker of Barbie dolls‚ and MGA Entertainment‚ Inc.‚ the maker of Bratz dolls‚ Mattel stated claims for copyright infringement and misappropriation of trade secrets‚ and MGA stated its own counterclaim misappropriation of trade secrets. The idea
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