marrimark case(FIFO_LIFO) - Coursework Example

Only on StudentShare

Extract of sample
marrimark case(FIFO_LIFO)

The ever strengthening value of the Chinese currency which is denominated in Yuan or Renminbi against the US Dollar became another adverse factor for the company as this compounded and further elevated the increase in costs incurred by Merrimack. The flexibility in the exchange rate by Chinese authorities against US Dollar decreased from a CNY: USD ratio of 8.3:1 until mid-2005 to below 7.0:1 by early 2008. Oil prices increase further deteriorated the situation for Merrimack as this elevated shipping costs of transporting finished mowers to the United States by almost 200% with the cost of shipping a 40-foot container from Shanghai to US rising from $3,000 in 2000 to almost $9,000 by 2008. The above critical factors changed the advantage of outsourcing for Merrimack into a soul disadvantage as these cost increments did not affect Merrimack’s competitors such as The Toro Company who has its material manufacturing setup in the United States. ...Show more


FIFO & LIFO Inventory Valuation Methods Merrimack Tractors & Mowers, Inc. Case Study Customer Name Instructor Name University Issues the CEO is facing  The issues which the CEO or the President of Merrimack Tractors and Mowers, Inc., Rick Martino, is facing and concerned with includes most prominently the projected decline in the bottom-line or net income of the company in the year 2008 which is lesser than 2007 and earlier years…
Author : lueilwitzitzel
Save Your Time for More Important Things
Let us write a custom coursework on your topic
"marrimark case(FIFO_LIFO)"
with a personal 20% discount.
Find out more

Related Essays

Case Analysis Part II
According to the dictionary, a business invitee is “the person entering in to a business premises with a purpose or intention to do any business or transaction with that business house whether or not such transaction is effected.”1 This is an important legal notion as the concept of invitee defines the legal duties owed by the property owner to his business invitees.
5 pages (1250 words) Coursework
Discussion Questions and participation questions week 1
One of the most important functions that the FASB serves is formulating the generally accepted accounting principles (GAAP). The accounting profession is self-regulated and accountants depend on the generally accepted accounting principles to guide their work.
3 pages (750 words) Essay
Case Study 1, Case Study 2
Sweetco has been a customer of the company for the last 10 years on credit terms. The accumulated credit balance of Sweetco is now $356,877. The credit period of 10 days is now expanding to 30 days. Since Sweetco Inc. had an excellent payment record, the financial payment records of Sweetco Inc.
5 pages (1250 words) Case Study
case study
All the expenses are subtracted from the revenue and the resultant is the profit or loss for the year. Most of the investors are only concerned with the profit figure as it facilitates them to decide whether to invest in the business or not. The ultimate results also help the management to plan the future desired results and take corrective actions for improvements where necessary.
4 pages (1000 words) Assignment
Financial Reporting Case analysis
All the issues coming out of the case can be solved to a reasonable level, if not in totality, by principles put into place by international bodies like the International Financial Reporting Standards (IFRS), the Financial Accounting Standards Board (FASB) and the United States’ Securities and Exchange Commission (SEC).
4 pages (1000 words) Case Study
Case study
Question One Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 ?000 ?000 ?000 ?000 ?000 ?000 Plant and Equipment Sales revenue (600) 450 470 470 470 0 470 Less Costs   Materials – 126 132 132 132 132   Labour – 90 94 94 94 94   Overheads – 30 30 30 30 30   Depreciation – 120 120 120 120 120 Working capital (180) – – – – – Interest on working capital – 27 27 27 27 27 Write-off of development costs – 30 30 30 – Total costs (780) 423 433 433 403 403 Operating profit/(loss) Add: Depreciation Net cash flows (780) 27 120 147 37 120 157 37 120 157 67 120 187 67 120 187 Note: The assistant did not include the initial cost of the new equipment in the year zero which amounted t
8 pages (2000 words) Essay
Perry Rose Case Study
The incremental cash flows, pay back periods and project present values will be computed to determine the anticipated cash flow to be received by undertaking the project. This will help to evaluate the performance of the company as well as determine measures that may be adopted to improve performance of the company.
8 pages (2000 words) Essay
Money Management Final-1
es, and derivatives where an investor invests his or her money to mitigate the risk of holding a particular asset through diversification. Diversification of investment spreads the risk over many assets. The concept of simple portfolio diversification is that some securities may not perform as anticipated but other assets might exceed in performance making the actual return of the portfolio reasonably close to anticipated return.
12 pages (3000 words) Assignment
TBM case
35 % of Depreciation of machine = $270000 55 % of Engineering = $100000 Receivable = $20000 Packing and shipping= $60000 Handling =$200000 Maintenance = $30000 Labor set up = No. of hours spend on work by LPh = 168 x 16 =2688 Total Cost = $(30,000+200,000+60,000+20,000+100,000+270,000+2,688) = $ 68,2688 Thus total run labor = Cost of labor per hour by total run labor hours Hence = ($16 x 9,725 hrs) = $155, 600 Since (total overhead cost/total run labour) is equal to predetermined over head rate then POR= {Total overhead cost / Total Run labor} POR= ${68, 2688/ 155, 600) = 4.39% In order to determine manufacturing overhead we calculate; = Direct labor X 439(16lph X Run labor hours per unit) h
4 pages (1000 words) Case Study
Economic Finance
A brief account to his arguments can be found in his book titled “Globalization and Its Discontents”. Arguably, in the post-occurrence of the East Asian crisis, various agendas of the IMF were established being assigned for promoting the global constancy and assisting the developing nations in obtaining growth along with constancy.
4 pages (1000 words) Assignment
Case Study
At 11%, the $75 million payment has a present value of only $1,125,000 as compared to $7,275,000 at six percent. Sloan Whitaker is likely to go before the jury because punitive damages are often added onto the economic
2 pages (500 words) Case Study
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email