| | |$ 32 000‚00 |- | |- |$ 32 000‚00 | |$ 32 000‚00 |$ 32 000‚00 | Figure 1 The book value the building is $ 32‚000 MacCloud Winery assumes use of the building for 10 years ( term of the lease )‚ so by this period will be linearly amortized value of the building ($ 32‚000: 10 years = $ 3200) in the form of remission of fixed assets‚ which then will be transferred to the account
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Accounting decisions Case: Accounting at MacCloud winery Methodological note We want to distinguish between Economic “facts/data” – No need to discuss them – Taken for granted Accounting “issues” – The topic of our discussion – We will follow the order of the case questions Accounting at McCloud Winery The MacCloud winery 5 acres of land One building Accounting at McCloud Winery 1: The building Worth $32‚000 Leased for 10 years for $5‚000 per year How
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Midterm Exam Accounting at MacCloud Winery 1. The leased building will be accounted as an asset and the agreement to pay lease rentals be recorded as a lease liability. Accordingly‚ the depreciation expense attributable to space used in manufacturing/processing wines will be accounted as inventory
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Case study on MacCloud Winery Questions 1. Applying the principles of accrual accounting‚ how should Mike treat the expenditures for the land‚ vines‚ vine planting‚ fertilizing‚ water? Be specific regarding the treatment over time‚ including amounts‚ and the rationale for the treatments. Answer: Following the key accrual accounting concepts: Conversation‚ Realization and Matching‚ we think Mike should treat the expenditures as follows: |No. |Item Description |Treatment
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The Valley Winery-Case 1.1 Is the management of Valley Winery doing an acceptable job of hiring and training qualified employees? Management is the foundation of a company. They are the ones that make decisions which could make or break a company. They personify how the company and employees should act. If one is driven towards perfection in sales‚ many other important areas of the business could be overlooked. For example‚ maintenance of long term relationships with buyers would be overlooked
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| Written Analysis and Communication Individual Assignment No 1 Case Analysis Report on ‘Freemark Abbey Winery’ Submitted by Name : Jyot N Patel Roll No : 121127 Section : A Institute of Management‚ Nirma University July 12‚ 2012 Executive Summary: This report encircles the problem faced by William Jaeger‚ co-owner of Freemark Abbey Winery. The firm produces premium quality wines made from high quality grapes. To produce quality
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The Valley Winery is one of the nations largest privately help companies‚ and the top domestic producer of wine selling more than 40 percent of all wine produced in the United States. Valleys success is largely due to their high quality wine sold for a lower price‚ and a very aggressive and innovative sales force. Sales groups are separated into three main categories: 1) Liquor stores and bars 2) Restaurants‚ resorts‚ hotels‚ and motels 3) Chain Division The company has experienced many sales
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Case One: Valley Winery Valley Winery‚ a favorable wine company‚ hired Pat Waller as their sales manager of the San Francisco region’s chain division. Although the company has had increasing sales for the past several years‚ Valley Winery has its fair share of problems that have Waller worried. He is very aware of the competitiveness within the wine industry and is concerned that Valley Winery will not be able to continue consistently increasing their sales. Turnover rate is the number one
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------------------------------------------------- The Valley Winery ------------------------------------------------- Case Analysis By: Paul Welge Dr. Bob McDonald MKT 4359 Section 1 Valley Winery was founded in 1933 after the prohibition and has grown to be the largest domestic producer of wine in the United States. The brand has multiple product lines that include both low-price‚ consistent-quality wines and also low-grade wines and wine coolers. The company has had a hard time retaining
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CSU Stanislaus E&J Gallo Winery Plant Tour paper Stephan Jimenez Professor Kidd OM 3010 2013 October‚ 14 E&J Gallo Winery Plant Tour paper The Gallo Winery plant tour was an awesome experience for me. I have always been curious about how a product was made from start to finish‚ and after the Gallo tour I have many questions answered. In this paper you will learn many different things about how a production plant runs and what they continually do to make
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