AN EVALUATION OF ACCOUNTS RECEIVABLE MANAGEMENT BY MANUFACTURING FIRMS IN NAKURU MUNICIPALITY [pic] RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE IN BACHELOR OF COMMERCE (ACCOUNTING OPTION) SCHOOL OF BUSINESS KABARAK UNIVERSITY APRIL 2008 DECLARATION This research project is our original work and has not been presented for the award of any diploma or degree in any other university or college or any other institution of higher learning. Signature______________________________
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Goals of Receivable Management The basic goal of credit management is to maximize the value of the firm by achieving a trade off between the liquidity (risk and profitability). The purpose of credit management is not to maximize sales‚ nor to minimize the risk of bad debt. If the objective were to maximize sales‚ then the firm would sell on credit to all. On the contrary‚ if minimization of bad debt risk were the aim‚ then the firm would not sell on credit to anyone. In fact‚ the firm should manage
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Kudler Fine Foods‚ My team and I would like to present you with new accounting system. We feel that Kudler could benefit from a newer redesigned accounting system. Being in control of your finances is the most important part of any business. With managing three stores there can be a lot of transactions to keep account of. Three stores with three very different transactions every day‚ these transactions can consist of incoming sales‚ store outside purchases‚ inventory‚ payroll‚ etc. To keep three
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was taken from the production and account ing records for Casuccio Manufacturing‚ Inc. Unaudited 20X9 Audited 20X8 Audited 20X7 Operating Data Capacity in Units 450‚000 450‚000 450‚000 Production in Units 450‚000 400‚000 300‚000 Inventory in Units 32‚000 28‚000 21‚000 Financial Data ($000) Total Revenues 35‚200 27‚500 21‚200 Total Assets 23‚000 19‚500 15‚700 Accounts Receivable‚ Net 5‚900 4‚300 3‚900 Bad Debt Expense 175 135 105 Accounts Receivable Written Off 165 125 100 Required
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Kudler Fine Foods Service Request SR-kf-013 Statement of Scope and Goals Kudler Fine Foods has a service request for a new information system that will keep track of customer’s purchases so they can receive incentives through a third party partnership. The scope of the project will be to develop a system that will effectively track the customer’s purchase behavior while also providing the incentives earned to the customer from the partnerships. The main focus will be on the input
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IT System Information for Kudler Fine Foods‚ a purveyor of specialty and gourmet foods in the San Diego‚ CA. area. The following chart reflects information for each category of Kudler IT system plan. Industry or Business Type | System Name | Brief Description | Target Departments | Purpose | Would Connect With | Gourmet Food | NCR RealPOS 82XRT POS terminals and Systems | The NCR RealPOS is a Multi-user Point of Sale system responsible for the management of Inventory coming and out of all the
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ABSTRACT Kudler Fine Foods is an upscale specialty food store‚ servicing the fine food connoisseur from their three California locations. Kudler’s business objective is to maximize profits by offering the highest quality products to its customers at competitive prices. In reviewing the data on the organization through the website‚ this paper discusses the organizational culture and structure‚ the leadership style and its effects on the company and the employees’ motivation‚ and the external and
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DIGITIZING ACCOUNTS PAYABLE DOCUMENTS When accounting files are sent to the archives at the end of the year‚ the portion taken up by the accounts payable documents usually exceeds that of all other documents combined. For some companies with high accounts payable files‚ it is a major expense to remove all the paperwork‚ box it up and identify it‚ and ship it off to a warehouse‚ from which it must be recalled occasionally for various tasks. Digitizing the documents is a means of avoiding the expense
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SR-Kf-013 for Kudler Fine Foods Shawna Rice-Villareal BSA/310 April 1‚ 2013 Mark Bentcover SR-Kf-013 for Kudler Fine Foods Kudler Fine Foods has been offering customers high quality gourmet foods for a number of years and has chosen to use a marketing strategy called the Frequent Shopper Program to offer valuable customers rewards through a points system to increase sales revenues and bring in more customers. Just like several other companies‚ Kudler Fine Foods has decided to use this program
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following transactions involves a deferral? Choose one answer. | a. Recording salaries of employees earned but not yet paid. | | | b. Recording the interest earned (but not received) on a CD. | | | c. Recording interest accrued on a note payable. | | | d. Recording the prepayment of three months rent. | | Correct Marks for this submission: 5/5. Question 4 Marks: 5 Which of the following groups has the primary responsibility for establishing generally accepted accounting principles
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