Line Item 790: A Case Study

6. Inaccurate estimates: Nearing opening cost may fluctuate rising start-up cost causing budget problems that must happen

Pier 1 Imports is a decorative home furnishings and gift retailer with its headquarters in Ft. Worth, Texas. They have over 1,000 stores located most in the United States and additional in Canada (MadDash, 2012). In the same video, Pier 1 recognizes itself as the “original global importer of imported decorative home furnishings and gifts”. The company has 22,200 employees as of the end of its 2014 fiscal year and a revenue of $1,771.7 million making it one of the largest corporations in the DFW Texas area (Pier 1 Imports, Inc, 2014). Though sales associates have a positive relationship with Pier 1, the company 's weaknesses and threats have proven to impact corporate executives and company profits.

Management should note that the level of activity was above what had been planned for the month. This led to an expected increase in profits of $1,100. However, the individual items on the report should not receive much management attention. The favorable variance for revenue and the unfavorable variances for expenses are entirely caused by the increase in activity.

* Documents used: customer order, sales order, shipping document, sales invoice, sales journal, remittance advice, bank deposit list, cash receipts jornal, credit memo, sales return and allowance journal, uncollectable account authorization form, a/r master file, a/r trail balance, monthly statement

The limited and inflexible budget is also a weakness for the organization in terms of acquiring and investing in new systems. (Laan, 2013).This is because the systems are quite costly and the organization requires an increase of the performance of all its servers as well as addition of new equipment and with the limited budget and insufficient funds allocated to the equipments, it might not be easy to accomplish that.

6.) Macy’s has significant additional expenses in the period leading up to the months of November and December for the anticipation of higher

Governor Greg Abbott vetoed bills passed on the last regular session of the Texas Legislature on June 21, 2015. Three of the bills that had passed legislation, were vetoed by Governor Greg Abbott, the bills are listed as HB 1855, SB 496, and HB 499.

The standard costs and variances for direct materials, direct labor, and factory overhead for the month of May are as follows:

* We increased this costs as a percent of revenue 2.7% over the previous year for all forecasted periods

For example the extra charge for maintenance accumulated from last year and for this year should be equally divided and not charged to the first quarter only. Similarly, cost of relocating the Southern Paper Sioux Springs office that has been charged to the first quarter, had been the expenditure incurred last year. It should not have been included in the first quarter. No doubt these are good accounting practices but nevertheless reverting the charges to their respective results would not compromise GAAP practice. Unrealized income would be better off transferred to the next or the last quarter as the income received would not materialize until at the end of the year. Including the dividend from the company's Brazilian unit would not help increase profitability at the end of the year unless the company is assured of its profitability. As of now it needs to balance its accounts before it can estimate correct profit level at the end of the year. With regard to the obsolete inventories, there is no alternative course of action but to write-off from this

Can you please speak to Amber about taking a discount on 3012. We can only take discounts on 2155. She needs to check her info page for the procedure for discounts each time that someone mentions a discount. Every DNIS will say give the customer service number except 2155. This is the only way to ensure this mistake doesn’t continue to happen.

The case study focuses on an employee, Paul Keller, who is being affected by a number of factors. His job performance is hindered by constraints such as his work environment, his home environment, stressors, mood, and the management style of his superior. The case study demonstrates how his job performance is affected and what the consequences could be as a result of his poor job performance and lack of concentration.

activity in its flexible budgets. During July, the company budgeted for 7,900 units, but its actual level of activity

In light of the severe budgetary restrictions revealed by this scenario, I would immediately forego my plans to attend the national orthopedics conference in August, because it is not appropriate to spend $1,850 on this activity when making cuts and denying requests. Dr. Robb would receive one of the two continuous limb movement machines for the postoperative orthopedic patients, at a cost of $3,000, as there is still $4,500 remaining in the Supplies fund. Finally, the charge nurse's request for an additional RN on duty would be denied until the beginning of the next fiscal year, pending an internal analysis of the hospital's efficiency and effectiveness in relation to the rising rate of acuity.

iBeacon innovation will turn into the new center purpose of stock control. Basically, iBeacon innovation acts an indoor situating framework, permitting staff to track, inside of a couple inches, where specific things are situated all through Widget Work's stockrooms. Every staff part will come furnished with an iPad Air II, offering amazing convenience and battery life. These gadgets additionally permit full access to Widget Works' database, permitting staff to immediately overhaul and change stock levels as required.