Read the Notes to the Financial Statements (FS) for your SEC 10-K company. These “notes” are displayed after the financial statements. The notes are required supplemental disclosures to a company’s financial statements.
1. Inventory comments: costing information. What do you see? WIP?
How is inventory described for your SEC 10-K company? Relate your answer to topics in our course.
Report on any costing information such as inventory valuation methods–LIFO, FIFO, and/or average cost. Comment on supplemental information provided related to inventory for your SEC 10-K company.
2. Cost and sources for production materials: notice how cost is used in the SEC 10-K
3. Comments on challenges and opportunities you learn from the SEC 10-K report related to our current cost accounting topics for your company. Details are high level in the SEC 10-K but organizations rely on Cost Accounting.
4. Briefly provide an overall SWOT (strengths, weaknesses, opportunities and threats) analysis for your corporation as related to cost accounting-related topics. Although details are high level in the SEC 10-K filing, what do you learn related to operations and strategy?
The financial statements for your company are usually posted in Item 8 of the SEC 10-K document. The management discussion and analysis section is earlier in the report.
1. The management of risk and uncertainty is often included in the SEC 10-K . Comment on the management of risk and uncertainty as discussed in the Management Discussion & Analysis (MD&A) report.
2. Divisions and Product Lines may be discussed in the MD&A section. What cost accounting issues may arise in these areas as you consider our chapters for the week.
3. Management often explains higher or lower than expected in their comments. Discuss the profitability and other comments in the MD&A section as they relate to our chapters thus on budgets, variance analysis, and management.
4. Comment on any specific cost accounting-related information in the MD&A report. For example, management often explains higher or lower than expected performance in this section of the filing. Does management discuss cost or cost fluctuations, profitability, pricing, emerging markets, competitive positioning in the global market or any other key factors and performance indicators in the 10-K filing?
Using the SEC 10-K for your company, answer the following questions:
1. Costs and fluctuations are often discussed in the MD&A section. Any comments on your analysis here?
2. Pricing decisions often relate both to knowing your costs as well as to the strategy of pricing. Competition, loss leaders, and other elements may be discussed in the MD&A section. Emerging markets and product lines are also an issue for some companies. What do you learn from your review?
3. Contingencies and liabilities: can they be estimated? Are they probable to occur? What do you learn about your company in this area? How might cost issues including profitability relate to these topics for your company?
Comment on any liabilities and contingencies as presented on the financial statements and in the notes of the filing. How might these probable or possible cost issues impact the profitability of your manufacturing company?
4. Does management disclose any information about Corporate Social Responsibility (CSR) and Sustainability policies? How would this emerging framework impact on cost and profitability for your corporation? (NOTE: Some large multinational corporations maintain a separate CSR and/or Sustainability website.)
Corporate Social Responsibility (CSR) and Sustainability relate to many issues including pollution and the cost of remediation and hazardous wastes. What do you learn about these topics from the SEC 10-K?
The target of the work embraced was comprised two separate tests, pipe flood and water pound. These are both caused by a diminishment in the stream rate inside a pipe. They are two elective dispersals of the motor vitality of the liquid into another type of vitality - weight on account of the water mallet, and potential vitality on account of the flood shaft. The flood shaft is a gadget utilized as a method for evading weight floods which go with the water pound impact, by permitting the liquid up a pole close to the valve, subsequently engrossing the weight applied by the liquid on the valve and the pipe. The point of these two trials was to contrast the outcomes and the hypothesis got from Newton's Second Law of Motion. Presentation Pipe Surge Water pipelines and dissemination frameworks are subjected to floods every day, which after some time can make harm hardware and the pipeline itself. Floods are caused by sudden changes in stream speed that outcome from basic causes, for example, fast valve conclusion, pump begins and stops, and inappropriate filling rehearses. Pipelines regularly observe their first flood amid filling when the air being removed from a pipeline quickly escapes through a manual vent or a throttled valve took after by the water. Being ordinarily denser than air, water takes after the air to the outlet at a high speed, yet its speed is confined by the outlet in this manner causing a flood. It is basic that the filling stream rate be painstakingly controlled and the air vented through appropriately measured programmed air valves. Correspondingly, line valves must be shut and opened gradually to avoid quick changes in stream rate. The activity of pumps and sudden stoppage of pumps because of intensity disappointments likely have the most incessant effect on the framework and the best potential to cause critical floods. On the off chance that the pumping framework isn't controlled or secured, sullying and harm to gear and the pipeline itself can be not kidding. The impacts of floods can be as minor as relaxing of pipe joints to as extreme as harm to pumps, valves, and solid structures. Harmed pipe joints and vacuum conditions can make pollution the framework from ground water and reverse circumstances. Uncontrolled floods can be disastrous too. Line breaks can cause flooding and line moving can make harm underpins and even solid docks and vaults. Misfortunes can be in the a great many dollars so it is fundamental that floods be comprehended and controlled with the best possible hardware. Water Hammer Water pound is the arrangement of weight waves as the consequence of a sudden change in fluid speed in a funneling framework. Water pound as a rule happens when a liquid stream begin or stops rapidly or is compelled to roll out a fast improvement in course. Speedy shutting of valves and stoppage of pump can make water pound. Valve shutting in 1.5s or less relying on the valve size and framework conditions causes an unexpected stoppage of the moderate. Since fluid isn't compressible, any vitality that is connected to is in a split second transmitted. The weight waves made at quick valve conclusion can achieve five times the framework's working weight. If not considered for, this weight heartbeat will quickly quicken to the speed of sound in fluid, which can surpass 1200 m/s, causing burst of the pipeline and draw causing and break in the pipe fittings. Hence, it is fundamental to comprehend under what conditions these weight waves are delivered and lessen the weight ascend however much as could be expected in a funneling framework. Hazard appraisal In trial work there are constantly a few dangers to everybody in the lab, subsequently a wellbeing and security instructions before beginning the labs. These will mindful individuals to the potential dangers and the proper strides to decrease the probability of mishaps. In this way it is vital to take after the counsel of the staff overseeing consistently and utilize the insurance gear gave. There are diverse danger around in the lab, recognizing them is essential. There are individuals doing different analyses in the meantime in the lab, ensure what the most exceedingly awful circumstance can occur with it. Subsequently knowing where is the nearest fire exit is critical, or the short course to get out the assemble. Ensuring there are not wire on the floor, incase individuals fell over it. Ensure that every one of the types of gear going to be utilized are sheltered. Interfacing the types of gear accurately to avoid hamper. Ensure that the heap isn't too overwhelming to left. When stacking the gear, be watchful it may fell on to somebody's toe. Know about anything got into the gear When leaving the lab ensure things are set back to the first place, and all types of gear are turned off. There are approaches to counteract it happen. Ensure you know the danger of the examination. Request that others help to set up, if not certain what the hardware does. Try not to leave anything unattended. Not lift anything substantial alone or with gear's assistance. Wear PPE Procedure Pipe Surge The hardware is set up as indicated Figure 4 - 1, where the head misfortune can be estimated. The static head (hs) is recorded through the level on the flood shaft when there is no stream, this will be the datum level all through the investigation. At that point changing the entryway valve and supply control valve, so that there is a consistent of water streaming into the sump tank, where the new perusing in the flood shaft is the speed head (hv). At that point the entryway valve is close and sit tight for the motions to stop, once it is ceased the lever is opened to worked door valve and the water level should drop back to a similar incentive for the speed head. The estimation of hs and hv are utilized to figure the head misfortune because of rubbing which is hs - hv = hf. The stream rate will be required by shutting the landfill tank to discover the amount of water in the tank in 60 seconds. Additional perusing ought to be taken for better exactness. The stream rate ought not be changed for whatever is left of the analysis. The most extreme and least flood statures are measure by the motions and the time between the entryway valves is immediately shut. A similar method is rehashed however the time taken between the floods passing the datum point is estimated. Water Hammer: Take after the Appendix 8 - 1 to set the hardware up. Where the water pound stream control valve ought to be completely open and the flood shaft valve is completely shut, at that point the estimation of the volumetric stream rate will be taken and in this way compute the stream speed. The volumetric stream rate can be measure utilizing an indistinguishable system from Pipe Surge. At that point the quick acting valve is discharge to stop the stream of water momentarily causing a weight heartbeat to movement here and there the pipe. This is immediate terminations which mean conclusion under 2L/c, i.e. the valve is shut before a reflected wave achieves the valve once more, as this will give us a similar weight ascend as a momentary conclusion. These heartbeats are caught on the oscilloscope where we record the normal plentifulness, time base and the length of the beat. The time slacks between the two weight transducers are likewise recorded. For the second 50% of this analysis, the oscilloscope setting is changed with the goal that the time base setting is expanded to 25ms/div. When it is set up, a similar technique will be rehashed as previously. The quick acting valve is discharge and records the normal plentifulness esteem and span of the beat for the follows that are on the oscilloscope. Discourse When contrasting the qualities picked up tentatively with the qualities anticipated from the conditions, arranged in table 6 - 1, it can be watched that the anticipated stream rates and the time of swaying are both very comparative with their test esteems. The purpose behind the slight distinction in stream rates is somewhat because of the way that the condition that we expected to use to discover the stream rate had two obscure qualities in it, Q and hf. The condition that we utilized was: The trial estimation of frictional head misfortune is utilized so that the anticipated stream rate can be ascertained. The exploratory estimation of Q is utilized for figuring the hypothetical incentive for frictional head misfortune by substituting this incentive in to the condition Anyway this esteem would have aggregated more mistakes and along these lines the esteem would be further far from the exploratory esteem. From Figure 6 - 1 the day and age is around 8 seconds can be watched, though the anticipated esteem is 7.5705 seconds. The inconsistency between the two numbers is well on the way to be because of human blunder, when timing the purposes of max and min flood and furthermore when the flood crosses the datum a period factor should be thought about for the time taken between the individual saying when to stop the clock and the other individual really squeezing the catch. This time deferral could without much of a stretch clarify the half second contrast between the two qualities. When looking at the contrast between the test and anticipated qualities for most extreme flood stature, the main anticipated esteem is tremendously extraordinary to the genuine esteem accomplished. The purpose behind this is on account of the condition gives the maximum flood from the static head expecting that there are no misfortunes because of contact, consequently the condition should be acclimate to think about of the impacts of grating.>GET ANSWER