I need help with one question but I am at an impasse. You have helped me immensely in the past and I need you this one last time!
Draw a new organization chart for Columbia Lumber Products Company that you feel best overcomes the directors' criticisms of CLPC's present (January 31, 1996) organization. Indicate the geographic location of all operations shown on the new chart. Explain why you established the organization chart the way you did.
** See attached WORD document for full details, including original org chart **© BrainMass Inc. brainmass.com October 25, 2018, 5:01 am ad1c9bdddf
Please see the attached, scanned management diagram in conjunction with this explanation.
The most apparent change on the management chart is the reduction of vice presidents. Instead of 9, we now have 6, with the Legal, Finance, Human Resources, and Public Relations departments all now reporting to a Staff Vice President. The idea of this is to satisfy the company's shareholders and board members (per their point #2) while also focusing ...
Inventories and Earnings
See the attached file.
Both in the OCR and attached to this assignment there is a PDF file of International Paper's (IP) most recent 10-K (annual report). Using the information contained in the annual report please answer ALL of the following questions. Much of the information you need for the adjustments is near Note 7: pg 70 Supplementary Financial Statement Information.
1. IP reports inventories using the LIFO method. Commonly analysts re-cast LIFO reported numbers into what they would have been under FIFO in order to compare them to other firms. What would each of the following financial statement values have been assuming IP used FIFO? Assume a 35% effective tax rate where needed.
a. Reported inventory for the last two years
b. Cost of Goods Sold for the current year
c. Retained Earnings
d. What other accounts, if any, would be influenced by this change and what would those values be?
2. Using the information for IP what are each of the following:
a. The average total lifespan of the assets
b. The average age of the assets
c. The average remaining life
d. The depreciation method used (see Note 1).