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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Revenue-Recognition Problems in the Communications Equipment Industry 1) In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically‚ Lucent had successfully met analysts’ projections for
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Recreational Equipment Inc. (REI) is an American brand selling high-end clothing and gear for outdoor activities. This brand started with ice axes. The founders of REI were Lloyd and Mary Anderson wanted a better way to purchase the gear needed. At the time of 1935‚ quality axes were only available for $20. The couple was not happy with the process so‚ Lloyd started ordering his own ice axes from Austrian himself while Mary translated the catalogs. They together made this plan‚ which only cost the
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that the Health Care Office Solutions‚ Inc (HCOS) is using is the niche (or focus) strategy by the Porter’s Typology. According to the Mark W. Johnson and Greg W. Marshall (2011)‚ the service of particular target market‚ with each functional policy developed with this target market in mind. HCOS changed their name from the Printing Solution Incorporated to the Health Care Office Solutions‚ Inc (HCOS) because they realized that many of their best clients were doctors’ offices. In the 1985‚ HCOS decided
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key measurable need to be set for each center‚ which in our case have been overlooked. As a result‚ many of these centers have over spent‚ resulting in over expenditures‚ something we can definitely not afford with anticipated slower market. Brian Walter Jr. had a great vision of not turning into “bureaucratic‚ quantitatively‚ grey-suited manager ...”‚ yet the alternative was not clearly specified. Currently‚ Victoria Heavy Equipment Limited (V.H.E.) with lower sales and disgruntled workers is
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Cervus Equipment Corporation‚ was found in the 1990s to manages and consolidate farm equipment dealerships. It is based in Calgary‚ Alberta. It is in partnership with original equipment manufacturers and has branched out into the construction and long haul manufacturing industries. It has also increased its geographic foot print by moving into New Zealand and Australia. The company has successfully grown through acquisition‚ and has grown its revenue from $56 million to $979 in a pace of 11 years
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Financial Reporting and Analysis – ACG6175 Date: 5/18/09 Revenue Recognition Problems in the Communications Equipment Industry 1 – In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679 million as a result of revenue recognition problems. Yet the firms market capitalization plummeted by $24.7 billion. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? There is usually a grey zone between aggressive accounting‚ which is the
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Brandy Wayne Management Practices & Policies Case: The Law Offices of Jeter‚ Jackson‚ Guidry and Boyer January 20‚ 2013 The issues that are presented in this case study are not uncommon problems that happen in the working environment. It was clear from the case that the partners in the law firm worked from a style of collaboration and meeting to understand the needs of their employees. However‚ their growth left them needing someone to take over the day to day‚ yet important operations
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Get the Best Popcorn equipment Brisbane Purchasing equipment for your new business is very important; however‚ it is very stressful at the same time because you are going to invest your hard-earned money into it. And when it comes to buying popcorn equipment Brisbane‚ then you will have to consider several parameters that will help you having the best product in this market. Well‚ if you are going to buy popcorn equipment for your home or business then you will be glad to know this piece of article
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E17.15 Spear Custom Furniture uses an activity-based cost accounting system to apply overhead to production. The company maintains four overhead cost pools. The four cost pools‚ and their budgeted amounts for the upcoming period‚ are as follows: Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40‚000 Materials handling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20‚000 Set-ups
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