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Ebook Financial accounting (9/E): Part 2

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Nội dung chi tiết: Ebook Financial accounting (9/E): Part 2

Ebook Financial accounting (9/E): Part 2

WWW .downloads! ide. comReporting and Interpreting Cost of Goods Sold and InventoryThe Harley-Davidson eagle trademark was once known best as a popula

Ebook Financial accounting (9/E): Part 2ar request in tattoo parlors. Now. Harley-Davidson dominates the heavyweight motorcycle market in North America with a 53 3 percent market share. Harl

ey is also a market leader in Canada. Japan, and Australia and is a growing presence in Europe.But the heavyweight king took a major hit from the worl Ebook Financial accounting (9/E): Part 2

dwide economic downturn that started in 2008. Harley responded with an aggressive plan to enhance profitability through continuous improvement in manu

Ebook Financial accounting (9/E): Part 2

facturing, product development, and business operations. These plans are aimed at shortening product development lead times and implementing flexible

WWW .downloads! ide. comReporting and Interpreting Cost of Goods Sold and InventoryThe Harley-Davidson eagle trademark was once known best as a popula

Ebook Financial accounting (9/E): Part 2dealer networkControlling inventory quality, quantities, and cost are key to maintaining gross profit margin. Introducing new products to stay ahead o

f major competitors Honda and BMW and providing a premium dealer experience to all of Harleys customers will also increase gross margin. Finally, sele Ebook Financial accounting (9/E): Part 2

cting appropriate accounting methods for inventory can have a dramatic effect on the amount Harley-Davidson pays in income taxes. Harley produced stro

Ebook Financial accounting (9/E): Part 2

ng financialLearning ObjectivesAfter studying this chapter, you should be able to:7-1 Apply the cost principle to identify the amounts that should be

WWW .downloads! ide. comReporting and Interpreting Cost of Goods Sold and InventoryThe Harley-Davidson eagle trademark was once known best as a popula

Ebook Financial accounting (9/E): Part 2ort inventory and cost of goods sold using the four inventory costing methods.7-3 Decide when the use of different inventory costing methods is benefi

cial to a company.7-4 Report inventory at the lower of cost or market (LCM).7-5 Evaluate inventory management using the inventory turnover ratio.7-6 C Ebook Financial accounting (9/E): Part 2

ompare companies that use different inventory costing methods.7-7 Understand methods for controlling inventory, analyze the effects of inventory error

Ebook Financial accounting (9/E): Part 2

s on financial statements, and analyze the effects of inventory on cash flows.www.downloadslide.com334 CHAPTER 7 Reporting and Interpreting Cost of Go

WWW .downloads! ide. comReporting and Interpreting Cost of Goods Sold and InventoryThe Harley-Davidson eagle trademark was once known best as a popula

Ebook Financial accounting (9/E): Part 2onsolidated Statements of Income (In thousands)*Years Ended December 31.201420132012Nel Sales$5.567.681S5258.290$4.942.582Cost of Goods Sold3.542.6013

.395.9183.222.394Gross Profit$2.025.080 SI.862.372$1.720.188HARLEY-DAVIDSON. INC. Consolidated Balance Sheets (111 thousands)*20142013Assets Current Ebook Financial accounting (9/E): Part 2

AssetsCash and eash equivalents906.68$1.066.612Marketable securities57.32599.009Accounts receivable, net247.621261.065Finance receivables, net1.916.63

Ebook Financial accounting (9/E): Part 2

51.773.686Inventories448.871424.507 1Deferred income taxes89.916103.625Other current assets281.047260.299

WWW .downloads! ide. comReporting and Interpreting Cost of Goods Sold and InventoryThe Harley-Davidson eagle trademark was once known best as a popula

WWW .downloads! ide. comReporting and Interpreting Cost of Goods Sold and InventoryThe Harley-Davidson eagle trademark was once known best as a popula

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