Hydromaint Year Essay -- Essays Papers

Hydromaint YearDuring Hydromaints audit, you and Pam had a number of discussions. You, Pam, and Mike Johnson are generally satisfied that the accounts are in accordance with GAAP and are supported by underlying facts. Pam tested Jerrys pension accounting (which she found to be correct) by preparing a pension worksheet based on data contained in the actuarys report authorized service cost $1,064,043ABO at 12/31/X7 2,840,000Interest on the PBO8%Interest on plan assets8Jerry has agreed to typeset his accounts and note disclosures for all corrections proposed by C & L. Pam raised a number of questions that may require adjustment. nary(prenominal)other matters were found to be questionable. Pams questions are as follows1. Accounting for R&D does not appear to be in compliance with SFAS No. 2. The work is of the nature described in SFAS No. 2, para. 9, and is not being conducted for others under contract.2. Pam also noted that warranty contracts are given on all sales of pumps an d valves. LS-Pump/Valve and now Hydromaint, have accounted for warranties only on the costs to make good when warranty claims were actually filed by customers. If warranty costs had been recognized as sales were made, the liability at January 1, 20X7, would have been $500,000. Pam noted, however, that break off Riley and Ray Ballard were aware of the warranty contracts and took these into account in valuing the acquisition of LS-Pump/Valve. Nick and Ray did ...

Operation Strategy Of Toyota :: Business Analysis Strategy Toyota

IntroductionToyota is Japans biggest car company and the second largest in the world after widely distributed Motors. It produces an estimated octet million vehicles per year, about a million fewer than the number produced by GM. The company dominates its home market, with about 40% of all naked as a jaybird cars registered in 2004 macrocosm Toyotas. Toyota also has a large market share in both the United States and Europe. It has significant market shares in several fast-growing South eastern hemisphere Asian countries. The - 1 -company produces a large range of vehicles which are highly regarded for their quality, engineering, and value their designs set global standards for safety, reliability and ease of maintenance. The Company PhilosophyDo the right thing for the company, its employees, the customer and the society as a whole.OriginsThe story of Toyota Motor Corporation began in September 1933 when Toyoda Automatic Loom created a new division devoted to the production of a utomobiles under the direction of the founders son, Kiichiro Toyoda. Soon thereafter, the division produced its offset printing Type A Engine in 1934, which was used in the first Model A1 passenger car in May 1935 and the G1 truck in August 1935. Production of the Model AA passenger car started in 1936. Although the Toyota Group is vanquish known today for its cars, it is still in the textile business and still makes automatic looms (fully computerized, of course), and electric sewing machines which are available worldwide. During the Pacific War, the company was dedicated to truck production for the Imperial Army. Because of severe shortages in Japan, military trucks were kept as simple as possible. For example, the trucks had only one headlight in the halfway of the hood. Toyota earns $1250 per vehicle produced while GM loses $2311 per vehicle produced. Toyota is producing nearly 50 percent more cars than in 2001 and this year it will almost certainly pass General Motors to b ecome the worlds largest auto company. Toyota alone earned more than all the rest of the worlds 12 largest auto manufacturers combined - $11.4 billion. And it is pioneering a new technology for the 21st ampere-second that will shrink gasoline consumption and limit greenhouse gases. FORTUNE GLOBAL 500 (Year 2005) Toyota Motor Rank 7 (2004 Rank 8) Employees 265,753 $ millions% change from 2003 Revenues172,616.3 12.7 lucre10,898.2 5.9