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Question
JB Hi-Fi has just implemented a new inventory ordering system at a cost of $52 million. The system vastly simplifies and speeds up the ordering process with suppliers and provides real time information concerning inventory distribution and delivery. The management of JB Hi-Fi expects the new system will provide the retailer with a competitive advantage in the market place by facilitating quick product delivery to customers. As the senior accountant at JB Hi-Fi the management has requested you to depreciate the system over 10 years with a $4 million residual value using the straight line method.
You have found that Costal Trading Corporation is constructing a new shipping port and will be using the new Super Freight T1000 ship to deliver electronic products ordered online direct from China to Australia in record time. The new port and ship will be in operation in 3 years time. Based on this information explain in detail whether you consider the use of the straight line depreciation method to be appropriate for the new inventory ordering system. Identify and justify alternative depreciation method(s) that may be appropriate in this case.
nova manufacturing applies factory overhead to products on the basis of direct labor hours. at the beginning of the
question 11. the full disclosure principlea. requires that when a change in inventory cost flow assumption is made the
case 1the sea-soft water company distributes its water softeners to dealers upon their request. the contract agreement
a boat company presently sells motor boats for 6000. it has costs of 4650. a competitor is bringing a new motor boat to
Analyze how executives of corporate America have embraced the new regulations and requirements of the Sox Act while maintaining their purpose to produce a profit for investors and staying in compliance of the new rules in the industry.
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system and prepare a quantitative comparison of the traditional and activity-based cost assignments
You told the panel that you read the IBM book in our class. A memeber of the panel asked you to give one application of cost accounting that would have helped Lou. How would you respond? Use a simple example in your response.
Block Company issued a 20,000 10 year bond on 7/1/2008 when the market rate was 6.5%. Assume that the accounting year of Block Company ends on December. Journalize the following transactions.
Fortress Inc. manufactures pistons for custom motorcycles within a relevant range of 300,000 to 375,000 pistons per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Complete the cost schedul..
Interpret the information contained in each line item of the change statement, using your own words (row 7 in the table below). Also describe accounting policy and additional information.
What affect will this have on operating income
bike company starts with 3000 cash to finance its business plan of producing bike helmets using a simple assembly
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