Instructions

Your task is to present to management a proposal outlining your analysis and recommendation of which system to purchase Write a proposal to management outlining the decision-making process and the system you recommend Include in your proposal: The steps necessary in evaluating and recommending an AIS module Note: these are the steps you would take to educate yourself on the need for a new model, the options available, and the choice of the best module List of needs BeGood has with respect to this automated ordering module Include present needs as well growth needs List of criteria you used in choosing a module Include financial criteria, expansion and growth criteria, and current needs Be sure to address internal control and audit needs

Scenario Information

BeGood Baking Supply is a small bakery supply company formed as a closely held corporation The company supplies raw baking materials, paper goods, and equipment to restaurants and bakeries in three states in the upper mid-west Most of its business, however, is located in a large metropolitan area BeGood wants to increase its presence in the region and serve five states In fact, the owners of BeGood would like 75% of their business to come from throughout the region rather than the current metropolitan area In order to do it, the owners understand they must diversify offerings and lines of business

Currently, BeGood has a phone center where customer orders are taken; these orders are then sent to shipping where the order is filled in its large warehouse and shipped within four days BeGood outsources its shipping to a local trucking company Once the order ships, all paperwork goes to the accounting department where it is entered into the accounting system BeGood still uses the same accounting system it has used since the inception of the company All aging of receivables and other analysis is done using Excel spreadsheets Purchasing and tracking of inventory are done solely by the warehouse manager Invoices for inventory purchasing are sent to the accounting department when goods are received

The owners at BeGood are wondering how they can utilize an online presence and further automate its systems in order to facilitate its growth and diversify its business The owners may also like to expand into the retail business

You have been hired as a full-time staff accountant at BeGood Baking Supply and have been given the task of evaluating and recommending a viable accounting information system for the accounting and financial data of BeGood in order to facilitate expansion and diversification As you begin your research, you realize that many departments are involved in the information system, and communication is key

BeGood Baking Supply is considering adding an automated ordering module to their current AIS system As the accountant pushing for this change, you are in charge of the analysis and presentation of the information and recommendation for the new system In performing the analysis for your presentation, you have identified two possible modules that will fill the needs of the company Both modules return a positive NPV

Module Vendor A B

Useful Life 5 years 5 years

Acquisition Cost 300,000 250,000

Yearly Operating Costs 95,000 100,000

Yeaerly Benefits 205,000 150,000

Cost of Capital 10% 10%

Payback 15 years 25 years

Prepare the required closing entries in journal form for the year ended December 31, using the following items from the Income Statement columns of a work sheet and assuming that withdrawals by the owner, T. Jameson, were7,000;
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Prepare the required closing entries in journal form for the

Earthern Ware is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the direct material price variance and the direct material quantity variance 2. Who is generally responsible for each variance? 3. Interpret the variances. Requirement 1. Compute the direct material price variance and the direct material quantity variance. (Enter the variances as positive numbers. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar Label the variance as favorable (F) or unfavorable (U) Abbreviations used: DM = Direct materials) First determine the formula for the price variance, then compute the price variance for direct materials ) = DM price variance 1xc i Standards Direct materials (resin) 10 pounds per pot at a cost of $6.00 per pound 3.0 hours at a cost of $15.00 per hour Direct labor Standard variable manufacturing overhead rate Budgeted fixed manufacturing overhead Standard fixed MOH rate Choose fil $6.00 per direct labor hour $79,900 $13.00 per direct labor hour (DLH) .narte We were unable to transcribe this image

Please don't copy the answer from internet or any other chegg expert. Don't attempt if you will copy. Write 500 words please. Question 2: Budget (20 marks in total) David Scott has come to you. He has read recently about the benefits of zero-based budgeting and wants to know more about zero-based budgeting and whether it would be appropriate for FOL Required: Prepare a memorandum to David explaining the benefits and drawbacks of zero-based budgeting, Include in your memorandum consideration of the behavioural implications of zero-based budgeting.

Polo Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company’s products include such brands as Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren, Polo Jeans Co., and Chaps.Polo Ralph Lauren reported the following (in thousands):Assume that accounts receivable (in millions) were $391,558 at the beginning of the 2004 fiscal year.a. Compute the accounts receivable turnover for 2005 and 2004. Round to one decimal place.b. Compute the days’ sales in receivables for 2005 and 2004. Round to one decimal place.c. What conclusions can be drawn from these analyses regarding Ralph Lauren’s efficiency in collectingreceivables?
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Polo Ralph Lauren Corporation designs markets and distributes a variety of apparel