Mango Juice Company has been suffering a downturn in its juice business due to adverse publicity…

Mango Juice Company has been suffering a downturn in its juice business due to adverse publicity regarding the caffeine content of its drink products. As a result, the company has been required to restructure operations. The board of directors approved and communicated a plan on July 1, 2006, calling for the following actions.

1. Close a juice plant on October 15, 2006. Closing, equipment relocation, and employee relocation costs are expected to be $500,000 during October. 2. Eliminate 280 plant positions. A severance will be paid to the terminated employees equal to 400% of their estimated monthly earnings payable in four quarterly installments on October 15, 2006; January 15, 2007; April 15, 2007; and July 15, 2007. 3. Terminate a juice supply contract, activating a $120,000 cancellation penalty, payable upon notice of termination. The notice will be formally delivered to the supplier on August 15, 2006. The 280 employees earn an average of $12 per hour. The average employee works 180 hours per month. a. Determine the total restructuring charge. b. Journalize the entry for the restructuring charge on July 1, 2006. (Note: Use Restructuring Obligation as the liability account, since the charges involve more than just employee terminations.) c. Provide the journal entry for the October 15, 2006, employee severance payment. d. Provide the balance sheet disclosure for December 31, 2006. e. Provide a note disclosure for December 31, 2006.

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:
The price is based on these factors:
Academic level
Number of pages
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
error: Content is protected !!