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
Premium Depreciation Expense Generally Accepted Accounting Principles
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
Premium Generally Accepted Accounting Principles Balance sheet Asset
The Documentary Hypothesis was created by Julius Wellhausen in 1878‚ and it was used to explain the different groups of people‚ and ways the Torah was written and edited. There are four different groups within this theory that consist of the J‚ E‚ D‚ and P’s (Coogan‚ 43). At first it started out with the problem of timing for the different names of God that the J’s and E’s focused on. The J’s were the Yahwist; claiming to the idea that the name Yahweh starts from the begging‚ in Genesis. The E’s
Premium Torah Book of Genesis
Australians cherish wine‚ and it is one of the greatest wine exporters on the planet. Margaret River wineries‚ found south of the nation‚ create a portion of the best wine assortments prevalent among wine beaus. Encompassed by waters‚ the Margaret River locale is skilled with soil and climate ideal for wine generation. It has a normal yearly precipitation of 1130 mm and encounters 300 days of plentiful daylight consistently. This implies an about steady year-round temperature‚ making it conceivable
Premium Wine Chardonnay Winemaking
In the case of the Benziger Family Winery‚ is being faced with the decision of whether or not Chris Benziger should invest in an ISO 14000 certification. The answer is yes‚ he should pursue the certification in an attempt to strengthen his knowledge that his company already has about being environmentally friendly. This will strengthen his position on the market as a leader in wine industry. In pursuing the certification‚ he will also educate other growers on the importance of a strong environmental
Premium Environment ISO 14000 Sustainability
MICHAEL SHAPS WINERY: EVALUATING THE “CUSTOM CRUSH” OPPORTUNITY Case Analysis This report is consistent with our signed Academic Integrity Form on file with the instructor. Name: Crispin Gutierrez (100281381) Due Date: November 4‚ 2014 Instructor: Amanda Bickell Definition of Success
Premium Wine Grape
Case 1 The Valley Winery The Valley Winery is an example of management malfunction because some top-managers are promoting unethical behavior and lack of credibility. High sales force turnover is the main problem this company is facing; however‚ high turnovers lead to employee dissatisfaction and unethical behavior. In addition‚ the company is putting on risk many of its relationships with their customers. Pat Waller was recently promoted to sales manager of the San Francisco chain division
Premium Wine Management Chardonnay
Freemark Abbey Winery 1. Assuming Mr. Jaeger chooses to harvest the Riesling grapes before the storm arrives‚ how much money will he make? Harvesting before the storm arrives will bring $2.85 per bottle per case of revenue for the Riesling product. EMV = $2.85 c 12‚000 = $34‚200 2. Assuming Mr. Jaeger chooses to leave the grapes on the vine‚ what is the probability that the grapes will end up with botrytis‚ and how much money will he make if that occurs? EMV Botrytis = 12‚000 x .70
Premium Wine Chardonnay Viticulture
Virginia’s Winery Business Plan Example 111 Winery Lane Churchville‚ VA 11111 Phone: (111) 111-1111 Email: virginiaswinery@gmail.com Website: http://www.virginiaswinery.com Owners: William and Wendy Vine Table of Contents Table of Contents ................................................................................................................................................................... 2 Executive Summary ....................................................................
Premium Wine
Grape growing : Grapes are the major material for making wine. so assume something happens to the vineyards. it will cause big loss. For example‚ ’’the phylloxera epidemic’’ will make the winery suffer at least five years none of grape supply. Simply put‚ no grape‚ no wine. and no revenue. In addition‚ although Mondavi owns lots of vineyards‚ it still needs to purchase more grapes from other independent growers. This costs a great amount of money. so‚ we think Mondavi is supposed to revise its
Premium Wine Vitis vinifera