Case 3 MBA_731 John Burkhart 11/21/12 Parts Emporium EG151: Exhaust Gasket DB032: Drive Belt 1. Total costs for EG151; include ordering costs and holding costs. Compare this to the current system costs. You do no need to include the cost of safety stock for this comparison. Actual cost for this part: $4.16 Ordering Cost: $20.00 Holding cost: 20% of inventory investment Units on hand: 0 Units on back order: 11 Units scheduled receipt: 150 Total Cost: $624 + $20 + $125
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Financial Statements for Internal Reporting Purposes vs. Financial Statements for External Reporting Purposes It is common in most companies to maintain two set of financial statements; one being used/presented for internal reporting purposes and another for reporting externally. Internal reports are used primarily to aid management in the decision making process throughout the course of the business. These are subject to internal audit to make sure that all information reported are fair and correct
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5 – BALANCE SHEET AND INCOME STATEMENT -Identify the different financial statements (BS*‚ IS‚ Statement of Stockholders’ Equity‚ and related notes) -Identify the different components of the BS (Assets: current and long term; Liabilities: current and long term; stockholders’ equity: preferred stock‚ common stock‚ PIC‚ treasury stock) -Identify the different component of the IS (Gross profit‚ earnings before interest and taxes‚ interest expense‚ income tax expense‚ income from continuing operations
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Reporting Income for Dot-Coms Priceline.com 1. Under the current system of accounting‚ the company would record revenues of $250 as they are the merchants to the transaction and $200 (80% of transaction value) as their cost of goods sold. 2. Alternatively‚ the company can net off the effect and show $50 (20% of transaction value) as their commission revenue. 3. If I were the CFO‚ I would recommend to opt for the first method of revenue recognition because it would show better
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Administrative Ethics Melissa Johnson HCA/335 September 17‚ 2012 Ann Nevers Administrative Ethics Patient privacy in any medical facility is not only a right‚ but a law which was passed by the United States congress in 1996. The law provides the ability to transfer and continue health insurance coverage for Americans when the change or lose their jobs‚ reduces healthcare fraud and abuse‚ mandates industry wide standards for health care information on electronic billing‚ and requires confidential
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making it susceptible to earthquakes CONSTRUCTION OF EARTHQUAKE RESISTENT BUILDINGS IN SEISMIC ZONES OF INDIA Earthquakes occur due to movements along faults that have evolved through geological and tectonic processes. Often they occur without any prior warning and are‚ therefore‚ unpredictable. The large area of India is prone to earthquake. The construction of earthquake resistant building is the only solution for safeguarding our urban centres from the menace of earthquakes. On the basis of
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Recommendation Brief Julio Santos University of Phoenix Internal Control Systems ACC/544 Joseph Poletti February 08‚ 2013 Recommendation Brief Benefits An internal auditor is a person who works for a company and learns everything about the company and has intricate knowledge of the workings. They will work specifically in one company and be able to concentrate on everything in the company. Auditors can catch problems when they arise and bring them to attention to the people in charge before
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There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
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Extraordinary Rendition What is extraordinary rendition? Rendition usually means to transfer someone from one country to another‚ outside all judicial or administrative due process. Under this practice‚ the CIA is delivering terror suspects into the hands of foreign intelligence services without extradition proceedings. It has been practiced and will continue to be practiced between countries that do not have extradition agreements to cover such accusations of torture. Suspects have been sent
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Ms.Palomino Hispanic Lit per 4. March 4‚ 2013 Fabiola Giron “An Extraordinary Touchdow” By Jorge Ulica. A football game sometimes makes an extraordinary change in a fan’s life marks an issue. A fan way impose his position in a football game is kicked in the sacral‚ In “An Extraordinary Touchdown” by Jorge Ulica a philanthropist gives a ticket to a fan so he can see the game however at the‚ same time the narrator becomes another Ms. Hilache victim. The widow hates that the narrator
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