Re: Case 2 Three Little Pigs‚ Inc. I’m writing this in response to your question on how should the Company determine whether an impairment exists and how should management evaluate impairment. The Company should record inventory impairment when according to ASC 330-10-35-1‚ “the utility of the goods is no longer as great as their cost”. The rule also states “where there is evidence that the utility of goods‚ in their disposal in the ordinary course of business‚ will be less than cost‚ whether
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MEMO Subject: Solution to Case 04-4‚ Three Little Pigs Inc. Accounting Issue: Three Little Pigs Inc. inventory consists of livestock held for sale‚ developed‚ and processed (both internal and external). On September 30‚ 2002‚ the company states that even though market prices fell below the cost‚ Three Little Pigs Inc. is unwilling to accept impairment on their inventory due to increase revenue believed to be made up in the fourth quarter which will cover all losses from the decline. Secondly
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Skin cancer is a disease that affects millions of people every year. While most forms of this cancer are caused by environmental factors‚ there are some forms that are caused by mutations in our genes that we have inherently developed. Those who are from a family that has been diagnosed with melanoma are up to three times more likely to develop the cancer in their lifetime. There are a few genes that are responsible for the development of melanoma and in this paper I will seek to explore the causes
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REI What is a data warehouse and why is REI building one? A data warehouse is a database used for reporting and data analysis. REI is building a data warehouse so that they will precisely know what the customer uses indoors and outdoors. What are some of the disadvantages of consumer cooperatives compared to ‘traditional’ firms? Cooperatives firm have member ownership‚ benefits‚ and control models‚ which put power in the hands of the consumer. Describe some of the marketing strategies that REI’s
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Chapter 4 Case 2: Greetings Inc.: Activity-Based Costing Solution: 1. An activity-based costing system may be appropriate for Wall Décor‚ when overhead allocation based job-order costing provides product cost distortion. As seen on previous case‚ this distortion happens when one product is manufacturing in high volume and the others are manufacturing in complexity as well as in low volume. In this situation Wall Décor should change its costing system for selling its high volume produced
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Issues 1.Andy vs. Bill Is there any contract between Andy and Bill? • Invitation to offer in general • Acceptance in terms of offer • Meeting of minds 2.Andy vs. Ciara Significant issues which needs to be considered are as follows :- • Query for more information • Acceptance of the offer 3. Andy vs. Denis • Validity of the contract • Acceptance needs to be communicated. Rules and Application Andy vs. Bill 1) Invitation to offer in general – The argument here to be discuss is whether there is
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Abstract Andy Warhol was born and raised in a poor family in Pittsburgh Pennsylvania. His mother was his influential person; he depended on his mother‚ Julia which is related to Erickson’s Trust vs. Mistrust. He trusted his mother with everything and she was her inspiration that is why when he grew up to be an artist‚ he had a lot of portraits of his mother in his art museum and gallery in New York. And had an odd personality and was very shy. He hid when his father died‚ did not have any friends
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When one is reflecting on the life and works of Andy Warhol‚ it is established that he changed the world we live in. Through the use of paintings‚ sculptures‚ drawings‚ and films‚ Warhol transformed the standard of modern art by making his artworks more vibrant and energetic. His nonconforming style had attracted much of society‚ which included many celebrities. Using many techniques‚ such as repetition and color placement‚ Warhol brought his views on materialism‚ politics‚ economics‚ and the media
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Case study 4-2 1)What rationale is offered by Ocean Spray in support of the idea of using a 3PL? Do you agree with the reasons cited for the interest in 3PL? Ocean Spray Cranberries‚ Inc. offered several reasons for using a 3PL for their transportation and logistics area. They looked at the transportation within the logistics chain and realized there was a lot of variability in this area. The company decided that it wants to centralize and bring all of it’s transportation logistics into uniformity
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fdgdfglkfngkfdg There were two great things Andy did for this friends and other inmates in prison that I think meant alot for them. Even if it only was for a second‚ he gave them the feeling that they weren’t in prison. All locked up. He got beer for his friends when they worked at the roof. But even bigger.. even though he knew he would get in trouble for it‚ he locked himself in and played one opera song over the loud speakers. Even if it only was for a couple of minutes every man inside of
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