80.2K

Verified Solution

Link Copied!

WPI Waterways The Waterways case starts in this chapter and contirues in every chapter 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 factory in a US. city that manufactures the products it markets to retail outlets across the nation. It also centrally located 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 contime its growth and maintain the high quality of its products r considering new ideas to help the compary 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 itselfis managed by Todd Senter who hires his line managers to supervise the factory mployees The fatorymak managed by Helen Hines all of the parts for the imigation systems. Theing department is The installation and training dirision is overseen by vice president Hensy Writer, who supervises the managers of the six local installation operations. Each of these local managers service people. These service employees are trained by the home office under Henry Writer's direction because of the uniqueness of the company's product:s hires his or her own local 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 The accounting and finance division of the company is run 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 She has a small staff of accountants including a controller and a treasurer, and a staff of accounting input operators who maintain the financial t+ nsert 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 maketing area, she oversees 10 well-trained salespeople. The accounting and finance division of the company is run 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 275,000 S 54,000 260,000 16,800 2,400 42,000 16,800 4 Phi insert Factory Utilities Finished Goods Inventory, November 30 Finished Goods Inventory, October 31 Indirect Labor Office Supplies Expense Other Administrative Expenses Prepaid Expenses Raw Materials Inventorv. November 30 Raw Materials Inventory, October 31 Raw Materials Purchases 10,200 68,800 72,550 48,000 1,600 72,000 41,250 52.700 38,000 184,500 47,000 4,500 Rent-Factory Equipment Repairs-Factory Equipment Salaries Sales Revenue Sales Commissions Work in Process Inventory, October 31 Work in Process Inventory, November 30 Instructions 325,000 1,350,000 40,500 52,700 42,000 Based on the information given, construct an organizational chart of Waterways Corporation nsert 144

Answer & Explanation Solved by verified expert

See Answer