What is the Benihana concept? Rocky Aoki developed the Benihana concept by modifying the normal American dining experience from a job shop operation to a communal dining batch processing operation. The processing model is designed to make the process as efficient as possible‚ reduce scrap‚ minimize wait times‚ and wait times in queues and between processes to effective parts of the process itself. A customer enters the restaurant and is placed into the queue in preparation for processing.
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Royal Printing & Packaging Company: A Case Analysis Presented by GROUP 3 Franquelie Masangue Margerry Ann Noval Roxanne Margrete Oclarino Marvin Non Mariel Pamulaklakin Thyrd Peñaflor I. Point of View We have chosen the perspective of Mr. Jose Baltazar‚ who is the new manager and son of the founder of the company. He plays the main role in the decision-making process to meet his own targets. However‚ his decisions are also discussed to his father. Present time in the case
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Case 9-4: Cost Volume Profit (CVP) Analysis and Strategy: The ALLTEL Pavilion The ALLTEL Pavilion in Raleigh‚ North Carolina is an outdoor amphitheater that provides live concerts to the public from April through October each year. The seven-month season usually hosts an average of 40 concerts with 12 year-round staff planning and managing each season. SFX Entertainment Inc. operates the pavilion. SFX is the largest diversified promoter‚ producer‚ and venue operator for live entertainment events
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000 $7‚000‚000 $8‚000‚000 $5‚000‚000 Operating expenses: Direct labor 12‚200‚000 4‚400‚000 4‚700‚000 3‚100‚000 Variable overhead 400‚000 150‚000 160‚000 90‚000 Equipment depreciation 2‚100‚000 700‚000 800‚000 600‚000 Facility expenses 2‚000‚000 600‚000 500‚000 900‚000 Local administrative expenses* 450‚000 150‚000 180‚000
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ACC/291 - Final Exam Study Guide 1. Ordinary repairs are expenses to keep a plant asset functioning properly: Revenue expenditures Explanation: Revenue expenditure is an ongoing cost to maintain the operational efficiency of an asset. 2. Percentage of receivables method: Estimated uncollectible accounts = $15‚000. Allowance for Doubtful Accounts = $3‚000 What is the amount of bad debts expense? $12‚000 Explanation: This entry simply requires you to subtract 3‚000 from
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Case study on WorldCom THE WORLDCOM FRAUD:- Presented By: Pratik WorldCom’s Background • Awoke the sleeping giant by leading the telecom industry into profitability in the 90’s. • During the 1990’s‚ WorldCom was deeply involved in acquisitions and completed several “mega-deals” • Purchased over 60 firms in 2nd half of the 90’s • WorldCom moved into Internet and data traffic • Handled 50% of US Internet traffic • Handled 50% of e-mails worldwide WorldCom’s Background (cont.) • Purchased MCI for
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The financial world was rocked by accounting scandals in the late 1990s and early 2000s. Companies such as Enron‚ Global Crossing and Tyco International collapsed under the weight of fraud and destroyed investor confidence in corporate accounting. But the biggest collapse was that of WorldCom. In 1983 Bernie Ebbers and several other people invested in a newly formed company in Clinton‚ Mississippi called Long Distance Discount Services‚ Inc. (LDDS). LDDS was a provider of long distance telephone
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report Jenkins calculated the actual revenues and expenses and found the difference which was $296‚610 in profits. Then Jenkins did the same with budgeted values and found the budgeted profits to be $606‚350. The variance amount in turn is $309‚960 under budget. Also‚ the variance amount for revenues is $32‚100. This number is favorable due to the fact that they made more than what they had budgeted for. But on the contrary‚ the variance amount for expenses was $342‚060‚ which was unfavorable because they
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standardized format required by corporate headquarters for all regional performance reports. That report follows: [pic] *Local administrative expenses are the administrative expenses incurred at the check processing centers. ↑Regional administrative expenses are allocated to the check processing centers based on sales. ↑Corporate administrative expenses are charged to segments of the company such as the Rocky Mountain Region and the check processing centers at the rate of 9.5% of their sales.
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Case 3C RUG BUG CORPORATION A. L. Young has come a long way with his latest invention‚ the Rug Bug‚ a motorized wheelchair made especially for children. His lightweight‚ relatively inexpensive model has no direct competition in a field dominated by companies that produce scaled-down versions of adult models that are inappropriate to the needs of children. A working prototype has been built‚ office space and manufacturing capacity contracted‚ and an initial sales force recruited. The only element
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