being sold. Moreover‚ customers have indicated that they would be willing to purchase more of these products if there would be a reduction in price by 30%. According to ASPE Section 3031‚ inventory must be measured at Lower of Cost and Net Realizable Value. Selling Price = $110‚000 (100K*1.1 markup on cost) NRV= 77‚000 (110-5K spoilage) Impairment= 33‚000 Therefore the following Journal Entry should be recorded- Dr. Loss on Write-Down of Inventory 33‚000- Cr. Organic Inventory 33‚000-
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Paper #1 In The Value of Nothing‚ Raj Patel makes the argument that we are encouraged by culture to think of ourselves as essentially greedy‚ selfish‚ pleasure seeking‚ and utility-maximizing individuals. Patel introduces the concept of homo-economicus‚ which states humans are covetous and self-centered beings who are solely interested in maximizing their resources and profit. During my first semester here at Babson‚ I had the pleasure of taking Honors Applied Calculus II‚ a course that focused
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PESTEL Analysis for luxury exchanging store Political China’s political environment for the luxury goods industry‚ the favorable overall development‚ whether from government regulation and deregulation‚ import and export restrictions‚ labor market and other aspects‚ China for the luxury goods industry‚ has provided a broad stage; and also‚ as we the interview are aware‚ the luxury development of the industry for the Chinese government has brought a certain amount of revenue‚ for the promotion
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the weaknesses of the existing system. There are few limitation found in the existing system. For example‚ the other four existing system was made up for business inventory management‚ but Sakura Residential Store system is a system which is proposed specifically for residential college store. Other than that‚ the extra feature included in the proposed system is that user can take photo of their item and upload the photo into the item check in form. This will enable the user to check again in the
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OPER3160 Grocery Gateway Case Study Executive Summary To: Al Sellery‚ CEO‚ Claude Germain‚ Chief Operating Officer From: Dominique Van Voorhis‚ Vice-President of Industrial Engineering and Operations Systems Subject: Customer Delivery Operations Issue: Grocery Gateway would like to increase their deliveries from 2.7 to 4 per hour and provide recommendations for improving and optimizing the delivery operations. To optimize delivery operations‚ two solutions are recommended. One‚ an upgrade to the
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Describe operation of retail store (a convenient store or pharmacy). 1) What are the process steps? 2) What are the main inputs? 3) What are the main outputs? 4) How customer judges quality of the store? Why these important? 5) How can technology be used to improve performance? Solution: Inputs | Operation Process(convenient store) | Outputs | Manpower | Plan the strategic locations | Goods | Seller | Plan the consumer needs | Drinks | Cashier | Purchase orders to fill
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Huge grocery store chains‚ they have everything‚ the largest selection‚ numerous departments‚ and many employees. It’s your one stop shopping place. But what about that small locally owned business‚ the one with a smaller variety of choices‚ a smaller staff‚ and smaller store‚ why go there‚ when you have the bigger and better? In WA‚ the community works to promote buying local‚ with a n entire buy local campaign. That doesn’t just mean food; it could be clothing stores‚ local entertainment‚ and
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Article Summary: Strategic Cost Management: The Value Chain Perspective Authors of this article do not believe the concept of “value chain” has been written about enough or clearly enough and therefore attempt to state the importance of the value chain on strategy from a managerial accounting perspective. Michael Porter first wrote about this in 1985. [ (Porter‚ 1985) ] They believe that any organization must understand the entire value chain for the entire industry in order to sustain competitive
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TOPIC: Gap Analysis of Retail Supply Chain b/w India and Developed Nations INTRODUCTION IMPORTANCE OF SUPPLY CHAIN MANAGEMENT: * Supply chain management is a topic of importance among the logistic managers and researchers because it is a Consider with a competitive edge. Supply chain management deals with the management of materials‚ information and financial flows in a net work consisting
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Online Shopping Service for Groceries Author: Ersin Tosun Study course MBA – Master of Business Administration Submitted on: 2011-09-24 1 Introduction Table of Contents 1 Introduction..................................................................................2 2 Electronic Business Process for Retailers...............................3 2.1 E-Shop via Internet Platform.....................................................................3 2.2 Analysis of Target Group............
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