FASB Accounting Standards Codification: It simplifies user access to all the authoritative US GAAP by providing all the information related to a particular topic under one roof. To state: the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement.

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Answer 1

Question

Chapter 8, Problem 8.11BYP

1.

To determine

FASB Accounting Standards Codification: It simplifies user access to all the authoritative US GAAP by providing all the information related to a particular topic under one roof.

To state: the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement.

2.

To determine

To state: the specific citation that addresses the recognition of a product financing arrangement.

3.

To determine

the appropriate treatment of product financing arrangements like the one proposed by Mr. E.

4.

To determine

To Prepare: the journal entry for Company B to record the “sale” of the inventory and subsequent repurchase.

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3 Supply Chain Management Ch 11 11.3 Din 12 ed 11.4 in 11 ed 5 Uriel 3 9 D 2 Kamal Fatehl, production manager of Kennesaw Manufacturing, finds his profit at $15,000--Inadeguate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve the profit line to $25,000 so he can obtain the bank's approval for the loan. a) What percentage improvement is needed in a supply chain strategy for profit to improve to $25,000? b) What percentage improvement is meeded in a sales strategu for profit to improve to $25,000? What must sales be to improve to $25,000? Sales Cost of Supply Chain Purcha Other Production Costs Fixed Costs Profit Sssss $ $ $ $ $ 250,000 175,000 30,000 30,000 15,000 % of Sales 100% 70% 12% 12% 6%

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Answer 2

Question

Chapter 8, Problem 8.11BYP

1.

To determine

FASB Accounting Standards Codification: It simplifies user access to all the authoritative US GAAP by providing all the information related to a particular topic under one roof.

To state: the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement.

2.

To determine

To state: the specific citation that addresses the recognition of a product financing arrangement.

3.

To determine

the appropriate treatment of product financing arrangements like the one proposed by Mr. E.

4.

To determine

To Prepare: the journal entry for Company B to record the “sale” of the inventory and subsequent repurchase.

Expert Solution & Answer

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Answer 3

Question

Chapter 8, Problem 8.11BYP

1.

To determine

FASB Accounting Standards Codification: It simplifies user access to all the authoritative US GAAP by providing all the information related to a particular topic under one roof.

To state: the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement.

2.

To determine

To state: the specific citation that addresses the recognition of a product financing arrangement.

3.

To determine

the appropriate treatment of product financing arrangements like the one proposed by Mr. E.

4.

To determine

To Prepare: the journal entry for Company B to record the “sale” of the inventory and subsequent repurchase.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 8, Problem 8.11BYP

1.

To determine

FASB Accounting Standards Codification: It simplifies user access to all the authoritative US GAAP by providing all the information related to a particular topic under one roof.

To state: the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement.

2.

To determine

To state: the specific citation that addresses the recognition of a product financing arrangement.

3.

To determine

the appropriate treatment of product financing arrangements like the one proposed by Mr. E.

4.

To determine

To Prepare: the journal entry for Company B to record the “sale” of the inventory and subsequent repurchase.

Expert Solution & Answer

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See solution

Answer 5

Chapter 8, Problem 8.11BYP

1.

To determine

FASB Accounting Standards Codification: It simplifies user access to all the authoritative US GAAP by providing all the information related to a particular topic under one roof.

To state: the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement.

2.

To determine

To state: the specific citation that addresses the recognition of a product financing arrangement.

3.

To determine

the appropriate treatment of product financing arrangements like the one proposed by Mr. E.

4.

To determine

To Prepare: the journal entry for Company B to record the “sale” of the inventory and subsequent repurchase.

Answer 6

Chapter 8, Problem 8.11BYP

1.

To determine

FASB Accounting Standards Codification: It simplifies user access to all the authoritative US GAAP by providing all the information related to a particular topic under one roof.

To state: the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement.

Answer 7

Chapter 8, Problem 8.11BYP

1.

To determine

FASB Accounting Standards Codification: It simplifies user access to all the authoritative US GAAP by providing all the information related to a particular topic under one roof.

To state: the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is “in substance” a financing arrangement.

Answer 8

2.

To determine

To state: the specific citation that addresses the recognition of a product financing arrangement.

Answer 9

2.

To determine

To state: the specific citation that addresses the recognition of a product financing arrangement.

Answer 10

3.

To determine

the appropriate treatment of product financing arrangements like the one proposed by Mr. E.

Answer 11

3.

To determine

the appropriate treatment of product financing arrangements like the one proposed by Mr. E.

Answer 12

4.

To determine

To Prepare: the journal entry for Company B to record the “sale” of the inventory and subsequent repurchase.

Answer 13

4.

To determine

To Prepare: the journal entry for Company B to record the “sale” of the inventory and subsequent repurchase.

Answer 14

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Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

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Solution Summary: The author states the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is "in substance" a financing arrangement.

To state: the specific citation that addresses the recognition of a product financing arrangement.

the appropriate treatment of product financing arrangements like the one proposed by Mr. E.

To Prepare: the journal entry for Company B to record the “sale” of the inventory and subsequent repurchase.

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Chapter 8 Solutions