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 US city that manufactures the products it
markets to retall outlets across the nation It also maintains a division that performs Installation and warranty servicing in six
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 Wr'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 follows.
Accounts Receivable
Advertising Expenses
Cash
Depreciation-Factory Equipment
Depreciation Office Equipment
Direct Labor
Factory Supplies Used
Factory Utilities
Finished Goods Inventory November 30
Finished Goods Inventory, October 21
Indirect Labor
Office Supplies Expense
Other Administrative Expenses
Prepald Expenses
Raw Materials Inventory November 30
Raw Materials Inventory October 31
Raw Materials Purchases
Rent-Factory Equipment
Repairs-Factory Equipment
Salaries
Sales Revenue
Sales Commissions
Work In Process Inventory October 31
Work in Process Inventory November 20
$276.300
54,200
261600
16,900
2,400
42.300
16.700
10.200
68,900
73.200
48.500
1.500
72.600
41.100
52.200
38,400
184,900
46.700
4.500
326.300
1.343.100
40.300
$2.000
42.300
ps. all periods above are commas
