did not refine their product costing system displaying failure to understand cost drivers. b) From Exhibit 2 we have: 1988 1989 1990 Direct Labor (DL) Fuel Tanks $4‚238 $4‚415 $4‚599 Manifolds 6‚027 6‚278 6‚540 Doors 2‚731 2‚844 2‚963 Muffler/Exhausts 5‚766 0 0 Oil Pans 6‚532 0 0 Total DL $25‚294 $13‚537 $14‚102 Therefore % Change in Direct Labor from 1988 to 1990 = (($14‚102-$25‚294)/($25‚294)) X 100 = -44.25% Also from Exhibit 2: Overhead by Account Number 1000 $7‚806
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case study I will be discussing following problem: Why has Butler Lumber been profitable in the increasing volume of sales but at the same time it is experiencing cash difficulties in 1988 – 1990? This is a historical problem and my calculations and assumptions are based on income statement and balance sheet for 1988 – 1990. II. General Framework for Financial Analyses There are different financial ratios and questions they answer: • Liquidity ratio – current ratio: Will Butler
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equity. To achieve these goals‚ Interco’s approach was to improve the profitability of existing operations and divesting underperforming assets. Besides that it had to make acquisitions with expected higher returns and growth. During the fiscal year 1988 the overall performance of Interco was positive‚ with increasing sales and net income. This was mainly due to the furniture and home furnishings group and the footwear group. Despite restructuring efforts‚ the apparel manufacturing and general retail
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1. Prepare common-sized financial statements for Regina for the period 1986 to 1988. Also‚ compute key liquidity‚ solvency‚ activity‚ and profitability ratios for the years 1987 and 1988. Given these data‚ identify what you believe were the high-risk financial statement line items for the 1988 Regina audit. I computed the ratios for 1986 as well as the required 1987 and 1988. The most interesting occurrence is how the values for the growth were not translated in the ratios. As sales increased
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Question 1: Construct 1988 Statements of Cash Flow for MiniScribe.（assume that 1988 depreciation expense is $6） Table 1: Statement of Cash Flow of MiniScribe of 1988 and 1987 1988 1987 Statement of Cash Flows Cash Flows from Operating Activities Net Income 26.00 31.00 Non-Cash Adjustments 6.00 11.00 Changes in Assets and Liabilitites Related to Operations Change in Accounts Receivable (116.00) (17.00) Change in Inventory (56.00) (39.00) Change in Account Payable 143
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reproductive systems including the location and function of each part. 4. Lead the activity labeling parts of the reproductive system. 5. Assign homework. This lesson was most recently edited on March 23‚ 2011. Public Health – Seattle & King County ©1988; revised 2011 www.kingcounty.gov/health/flash Lesson 2 – Page 1 Family Life and Sexual Health‚ High School FLASH Materials Needed Student Materials • Reproductive System Worksheets (1 copy per student) • Individual Homework: Anatomy (1
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Throughout Section One of the essay‚ I will be referring to Rosen (1988)‚ Ackoryd and Crowdy (1990) and Knights et al (1982)‚ by introducing some of the possible reasons why individual work. Additionally in Section Two of the essay‚ I will explore the positive aspects relating to work and how these aspects can play a part in relations to the individuals emotionally‚ physically and mentally‚ by drawing upon Jackall (1988)‚ Rosen (1988)‚ Ackroyd and Crowdy (1990)‚ Knights and Roberts (1982) and Jackson
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believed that the apparel group’s performance would continue to weaken Interco’s overall operations and cause the equity markets to undervalue its common stock. Case Page 4. 2) To deter any unwanted third- party acquisition‚ the board voted on July 11‚ 1988‚ to amend Interco’s shareholder rights plan‚ making any hostile takeover of the company prohibitively expensive. Case Page 4. 3) Interco had retained Wasserstein Perella pursuant to a unique compensation contract that offered a substantial contingency
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July 25‚ 1999 Chapter 4. Computer-based Accounting Systems: Practice The previous two chapters attempted to identify the characteristics of "good" accounting systems by reviewing the normative and empirical literature. This chapter begins the right-hand branch of the four-chapter Requirements Determination process illustrated in the lower half of Figure 1.1: it surveys the present state of computer-based accounting practice; Chapter 5 reviews computer-based accounting systems theory. Opportunities
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patented process at acost of more than $60 per barrel. The barrels could not be reused foraging future batches of bourbon whiskey but could be sold to used barrel dealers for $1 each at the end of the aging period. * The increased production in 1988 necessitated the leasing of an additional warehouse at an annual rental cost of $200‚000. The temperature and humidity of the warehouse space had to be controlled since the quality of the whiskey could be ruined by its aging too fast or too slowly
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