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Merchandising Inventory & Cash Management
This module we are discussing inventory costing systems and inventory flow. How may the inventory reported in the balance sheet be manipulated to affect an investor's opinion regarding the financial health of a business? - Would you share with us some of your experiences or an article or event that demonstrates inventory manipulation? Please, cite your resources clearly. (Hint, Crazy Eddie, Bausch and Lomb, etc..) Do you believe that managers need to know about inventory and receivable fraud? Why? Please provide some examples to share.
What is your understanding of Cash Management Concept? What is wrong of having sometimes too much surplus or too little cash? Can't a businesses compensate for either surplus or shortage any time they want? Have you heard of any business that has cash flow problem? Would you please share it with us.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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