a) Discuss how the budgeting process employed by Peters Corporation contributes to the failure to achieve the president’s sales and profit targets. The first problem would be that the president established targets for the total dollar sales and net income before taxes for the next year. Then the president gave the sales target to the marketing department. By starting at the top and working its way down the chain of command causes problems because not all of the departments are involves in
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capitalize the interest costs associated with the construction of your new manufacturing facility‚ and if you are obligated to do so. After extensive research‚ and by examining the procedures for capitalizing interest laid out by the Federal Accounting Services Board (FASB)‚ ARC can capitalize the interest‚ and is most likely required to do so. Capitalization of Interest Interest on an asset must meet various criteria to be eligible for capitalization. First‚ the asset must require a period
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profit organization do not enage in ownership-type transaction‚ such as issuing stock and paying dividend. Not for profit organization are most time of voluntary health and welfare‚ health care‚ college / universities‚ and other. Governmental Accounting standards board (GASB) setting body for state and local government. Organizational purposes – they generally try to accumulate a reasonable surplus of financial resources to cushion against economic contraction to provide for emergency needs. But
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Introduction In conclusion with this assignment series‚ in this fourth assignment‚ the final recommendation as solutions that will fix this major company thread. Major change will need to happen in order to address this imminent problem. Flayton Electronics has faced a severe risk that can jeopardize the integrity of the business leaving it open to lawsuits from either customers‚ banks‚ or investors. Project Progress The Flayton Electronics security breach had brought with it many risks and opportunity
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Starbucks Case Part I – Prior to reading Starbuck’s Form 10-K‚ please answer the following questions. Your answers should be based upon your general knowledge of Starbucks‚ gained from visiting their stores‚ purchasing their products and/or observing them in the marketplace. a. Up until the economic downturn (Fall of 2008) what do you believe was Starbucks’ growth strategy? Give three examples of specific actions (growth initiatives) you observed Starbucks execute upon as part of their
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Problem #4-13 a) In order to answer the question‚ we first need to consider what do revenue growth and net income represents. Revenue growth suggests the company’s future profitability‚ which means that revenue growth has the potential to be a predictor of future earning power. The income statement contains both revenue and expense information. Furthermore‚ in an efficient market‚ R&D and startup costs can be adjusted‚ and as long as these information are available to the public‚ the company will
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November 19‚ 2012 Every day individuals are unaware of everybody’s story; unaware of the difficulties they are coping with‚ unaware of what’s going on in others minds. Until November 19‚ 2012‚ I was unmindful to these thoughts. Ever since I could walk‚ basketball was my life. I played it all year round and enjoyed every second. I played on an elite‚ national AAU basketball team and received a couple collegiate offers. So finally when it came time for varsity basketball‚ I was ready to play at that
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Chapter 1 the equity method of accounting for investments Answers to Questions 1. The equity method should be applied if the ability to exercise significant influence over the operating and financial policies of the investee has been achieved by the investor. However‚ if actual control has been established‚ consolidating the financial information of the two companies will normally be the appropriate method for reporting the investment. 2. According to Paragraph 17 of APB Opinion 18‚ "Ability
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organizations have goals‚ and their managers need information as they strive to attain those goals. Managerial accounting is the process of identifying‚ measuring‚ analyzing‚ interpreting and communicating information in pursuit of an organization’s goals. It is an important part of any organization’s management information system. 1-1. The following changes should be in store for managerial accounting as a result of the explosion in e-commerce: a. Companies will have to invest in their security.
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three predictors would you suggest Tanglewood use in selecting Store Associates? Conscientiousness: This predictor is important for Tanglewood to base their applicant selection on because of what it represents. According to the data presented in the case‚ more conscientiousness is associated with less absent days by employees. In a sense‚ more conscientiousness can be interpreted as more commitment to the corporation which is a value that Tanglewood can really benefit from. For a retailer‚ it is important
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