Accounting II#10

Waterways (Chapter 19)

For this assignment, you will apply what you have learned from the unit lesson and required unit resources. The
Waterways (WP19) case is located on page 19-39 of the textbook.

Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed
to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that
manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs
installation and warranty servicing in six metropolitan areas.

The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also
conserve water. By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and
serve the community and the employees who represent them in each community.

The company has been growing rapidly, so management is considering new ideas to help the company continue its
growth and maintain the high quality of its products.

Waterways was founded by Will Winkman, who is the company president and chief executive officer (CEO). Working with
him from the company’s inception is Will’s brother, Ben, whose sprinkler designs and ideas about the installation of
proper systems have been a major basis of the company’s success. Ben is the vice president who oversees all aspects of
design and production in the company.

The factory itself is managed by Todd Senter, who hires his line managers to supervise the factory employees. The
factory makes all of the parts for the irrigation systems. The purchasing department is managed by Helen Hines.

The installation and training division is overseen by vice president, Henry Writer, who supervises the managers of the six
local installation operations. Each of these local managers hires his or her own local service people. These service
employees are trained by the home office under Henry Writer’s direction because of the uniqueness of the company’s
products.

There is a small human resources department under the direction of Sally Fenton, a vice president who handles the
employee paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice
president who heads the sales and marketing area; she oversees 10 well-trained salespeople.

The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO)
and a company vice president; she is a member of the Institute of Management Accountants and holds a certificate in
management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of
accounting input operators who maintain the financial records.

A partial list of Waterways’ accounts and their balances for the month of November is itemized below.

Accounts Receivable $275,000
Advertising Expenses 54,000
Cash 260,000
Depreciation – Factory Equipment 16,800
Depreciation – Office Equipment 2,400
Direct Labor 42,000
Factory Supplies Used 16,800
Factory Utilities 10,200
Finished Goods Inventory, November 30 68,800
Finished Goods Inventory, October 31 72,550
Indirect Labor 48,000
Office Supplies Expense 1,600
Other Administrative Expenses 72,000
Prepaid Expenses 41,250

Raw Materials Inventory, November 30 52,700
Raw Materials Inventory, October 31 38,000
Raw Materials Purchases 184,500
Rent – Factory Equipment 47,000
Repairs – Factory Equipment 4,500
Salaries 325,000
Sales Revenue 1,350,000
Sales Commissions 40,500
Work in Process Inventory, October 31 52,700
Work in Process Inventory, November 30 42,000
Instructions:

 Based on the information given, construct an organizational chart of the Waterways Corporation. You may create
the organizational chart in Microsoft Word or Excel.

 A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured
schedule, an income statement, and a partial balance sheet for the month of November, which should be created
using Excel.

If you elect to create your organizational chart in a Word document, then you will need to submit both a Word document
(containing the organizational chart) and an Excel document (containing the cost of goods manufactured schedule,
income statement, and partial balance sheet). If you elect to create your organizational chart in Excel, you will only submit
an Excel document, which would contain all components of the assignment.

APA formatting is not necessary.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your paper today and save 30% with the discount code HAPPY

X
Open chat
1
You can contact our live agent via WhatsApp! Via + 1 323 412 5597

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code HAPPY