Sovereign Millwork‚ Ltd.‚ produces reproductions of antique residential moldings at a plant located in Manchester‚ England. Because there are hundreds of products‚ some of which are made only to order‚ the company uses a job-order costing system. On July 1‚ the start of the company’s fiscal year‚ inventory account balances were as follows: Raw Materials | £10‚000 | Work in Process | £4‚000 | Finished Goods | £8‚000 | The company applies overhead cost to jobs on the basis of machine-hours.
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1.How and why has the express mail industry structure evolved in recent years? How have the changes affected small competitors? The US express mail industry is highly consolidated. 85% of the market is served by 3 service providers. There are six second tier players who serve the remaining 15%. FedEx and UPS lead the industry in services and innovation. The following trends have been observed in this Industry. Services: A host of services are provided to suit the needs to different businesses.
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A board member for American Express has brought up the fact that some companies are starting to refuse hiring smokers and that the same should be discussed at the next month’s meeting. He brought this to attention due to the fact that medical costs are rising 10 to 15 percent a year. Employing a smoker‚ on average‚ cost about $4000 more a year because of higher Health-Care cost and lost productivity. Smokers will have 50 percent more absenteeism and because of smoke break will work 1‚817 hour less
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1. The core competencies of the Federal Express are the brand name which it has leveraged throughout the years. The innovation to the idea of delivery systems. The technology it uses to address the various issues in the supply chain and also the Information technology which it had mastered which has decreased its delivery problems. The use of technology and IT systems has been useful in the production and integration of virtual networks. The innovative approach in tracking and conveying messages
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ACC 421 – February 2013 Written Assignment 3 Chapter 4 Question 13 (who is the taxpayer?) Unfortunately Anita is not correct in her analysis because her and the attorney are not partners. That would make her gross income the full amount of the settlement‚ which is $480‚000‚ and because the settlement is associated with a discrimination lawsuit‚ she is allowed a $160‚000 deduction for AGI. Problem 31 (accrual versus cash basis)
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The Pony Express is more than 1‚800 miles and was only operational for about eighteen months‚ but helped many people during this time. Dry Creek Station was one of one hundred fifty seven stations along the pony express. It is the last of the original Pony Express stations on Bolivar Roberts division. The Dry Creek Station was built in 1860 and had many issues with Indians early on. A man named William H. Streeper who carried the “heavy mail” also known as “mule mail” was in that area when many
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Comparison of service quality of TNT express and DHL express with RATER dimensions The quality level of service provided by TNT Express and DHL Express in China could be described within the RATER dimensions of service quality. Samples and numbers are provided below to evaluate the quality of their service. Reliability Based on TNT Express annual report 2011‚ the service quality in that year has achieved an all time high with a 96% on-time delivery performance for the one million daily deliveries
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Name ACC 206 Principles of Accounting II Analysis instructor March 25‚ 2012 PART-1 ABC Company has an annual sale of $1.2 million being a very predominant reliable company that would be fruitful‚ and having an increase in sales of 25% from the year prior. There is a possibility of successful growth of three million annual sales in the next three years of business. Being that the company is growing rapidly they should take the adequate steps to propertyanalysis the present
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1. By way of confirmation of year-end accounts receivables‚ auditors hope to verify management assertions regarding the “Existence” of said accounts receivables and its true “Valuation”‚ AU330.12. Year-end sales cut-off test is another important audit procedure‚ which gives the auditor information on the “completeness” of a sale. The aim is to make sure that whatever sales are being recorded is recorded in the correct period. 2. Cooper & Lybrand did indeed made mistakes & errors. First
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Week 9 - Target Corporation’s Financial Health Tamara Ray ACC 230 April 22‚ 2012 Milton Robinson Week 9 - Target Corporation’s Financial Health Target Corporation was founded in 1902 by George Dayton‚ a banker and real estate investor‚ the original name was Dayton Dry Goods Company‚ later in 1911 becoming Dayton Department Store‚ and in 1962 becoming Target a discount chain store. Target and its iconic red bulls-eye‚ named because it is a marksman’s goal to hit the center mark‚ much as it
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