ACCOUNTING INFOR SYS
ACCOUNTING INFOR SYS ACG 4401
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This 2 page Class Notes was uploaded by Faye Medhurst Sr. on Thursday September 17, 2015. The Class Notes belongs to ACG 4401 at Florida State University taught by Staff in Fall. Since its upload, it has received 57 views. For similar materials see /class/205556/acg-4401-florida-state-university in Accounting at Florida State University.
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Date Created: 09/17/15
Owen s Farm owns approximately 50 acres of peach trees Owen s Farm is privately held and financed by Owen and several family members occasionally Owen s Farm borrows money and repays it when due from its local bank Migrant farm workers perform much of the work needed by Owen s Farm in exchange for cash In the late winter and early spring they prune the trees During the midspring they thin the fruit from the trees and in late summer and early autumn they pick the fruit All of these activities are called labor operations Owen and his relatives do most of the other work such as spraying the trees irrigating and selling the fruit Spray concentrate fruit boxes and other supplies are purchased on account from the local food coop stores and paid for when the payment is due Fruit is sold on account to major grocery chains such as Kroger s and Albertson s Cash is received from those customers when the credit terms are expired Required a Draw a value system level diagram for Owen s Farm Owners Creditors Customers Suppliers Workers b Assume the various activities that need to be performed in the conversion process by migrant workers and by Owen and his relatives are considered labor operations that consume labor resources that relate to specific WIP Jobs Also assume that supplies are issued relating to WIP Jobs and that WIPjobs provide fruit that can be sold Drawa detailed value chain level diagram for Owen s Farm including a bubble for each relevant business process arrows between the bubbles representing the resource flows and inside each bubble include the appropriate duality relationship with its increment and decrement events Make sure you have bubbles for financing payroll acquisition conversion and revenue processes Financing Process
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