Smackey Dog Foods

We conducted several processes to test the accounts receivable of Wealthy Watches Inc. At the beginning, we agreed the balance of the accounts receivable detail listing to the trial balance and subsequently to the financial statements to ensure completeness of the population.

Auditors also evaluate the client’s recording of transactions by verifying the monetary amounts of transactions, a process called substantive tests of transactions. For example, the auditor might compare the unit selling price on a duplicate sales invoice with the approved price list as a test of the accuracy objective for sales transactions. Like the test of control in the preceding paragraph, this test satisfies the accuracy transaction-related audit objective for sales. For the sake of efficiency, auditors often perform tests of controls and substantive tests of transactions at the same time.

The Smackey Dog Food, Inc. is a family owned business. It was started by three sisters, Sarah, Kim and Jillian, in the kitchen of their home. They lived in a suburban area of Chicago, Illinois. Their business is making all natural dog food. After using their own dogs and the neighbor’s dogs as test subjects, it was discovered by local vets, pet stores and grocery stores. These local places began to distribute the dog food. The demand for their food began to increase and they moved their business to a larger facility and hired additional workers. As compared to competitors, Smackey Dog Food, Inc., began to rise

Smackey’s Dog Food Inc is a privately owned company and does not adhere to the practices of the SEC regulations. The financial statements and accounting standards have to comply with the Generally Accepted Accounting Principle (GAAP).

Smackey Dog Foods, Inc. is a privately held corporation and not required to follow guidelines set forth by the American Institute of Certified Public Accountants. Keller CPA’s follow American Institute of Certified Public Accountants (AICPA) guidelines for private or public companies. Generally Accepted Auditing Standards (GAAS) governs audits for privately held companies.

The over-arching problem that Breeder’s Own Pet Foods has is which marketing-strategy would best serve as a vehicle for entry into the dog food retail business. Additionally, it has to select the most prominent geographic location (s) for distribution of its product. Another root problem component is how to get the supermarkets to stock and distribute this dog food since it is in the frozen category and may not appeal to traditional dog food buyers because they don’t readily associate dog food with frozen goods.

Smackey Dog Foods, Inc. is a familiar story in terms of small business start-ups. They started in a family kitchen, experienced explosive growth, and have had some troubles handling the accounting and business side of the business. My firm, Keller CPA’s, does not have specific experience with auditing a dog food manufacturer, but we certainly have a good bit of experience with similar small business accounting and auditing issues.

Breeder’s Own Pet Foods, Inc. Case AnalysisEtienne MepriseBellevue UniversityMBA652: Marketing StrategyDr. Doug Brown12/3/2013Breeder’s Own Pet Foods, Inc. Case AnalysisCase RecapBreeder’s Own Pet Foods, Inc. sees a growth opportunity in the retail dog food market for its nutritionally balanced, high quality dog food brand Breeder’s Mix, which has been traditionally sold to the show dog kennel market.   The dog food consists of 85% fresh meat and 15% high quality fortified cereal with no additives or preservatives (Kerin and Peterson, 2013).   One of the challenges for Breeder’s Own is breaking into an already saturated market.   However, based on recent interest from dog food owners in organic, all natural, preservative free dog foods,

What is really in dog food? Every pet owner has possibly asked this question to themselves and check on the container themselves. Riboflavin supplement? Copper Proteinate? What actually are these things? Is what we feed our pets actually good for them? Supposedly it is because that is what the labels tell us, but should we really trust what the labels say? Dog food is already somewhat harmful for human consumption shown in the article “No Wonder They Call Me a Bitch” by Ann Hodgman. She states that a Purina spokesman told her that poultry by-products consist of crushed neck bones, intestines, undeveloped eggs and other "carcass remnants”. Usually these things are not eaten by humans and can actually cause problems such as salmonella poising from the undeveloped eggs.

In reviewing the Zenith Pet Foods case, there are several facts that need to be assessed before offering a definitive answer on whether their potential program for marketing Show Circuit dog food will be successful. Zenith Pet Foods, Inc. is a major distributor of dog food for show kennels throughout the United States. The product that Zenith is offering is called Show Circuit, which is a highly nutritious and quality ingredient dog food. The product of Show Circuit, frozen pet food designed to enhance the appearance of the dog 's coat as well as providing a balanced meal, is planned to be placed in the frozen foods section of a supermarket. This is what Zenith is counting on to build a competitive advantage.

Some of the strengths for account receivable is that they don’t have any bad debt because they are a fairly young company and have good accounts. Another good strength is that when customer don’t pay one time Pearson will send a

The proprietors of Pet Wants Houstonse, Chance and Lydia, met with the owner of Pet Wants and were excited to try the company's fresh dog food. They noticed immediately that their dogs loved the taste of the food and eventually they saw an improvement in their overall health and coats. They believed in the product so much that they opened a branch of the business in southeast Houston.

First in Show Pet Foods is a major producer of dog food for show-dogs. It is developing a marketing strategy for a new frozen dog food, Show Circuit, to enter into Boston’s supermarket arena. Breaking into the established dog food industry will not be an easy task. Show Circuit is a high quality, balanced frozen dog food that contains fresh meats and cereal with no additives or preservatives. A mink rancher looking to improve his mink’s coat formulated the product. The fresh ingredients have also proven to make the coats of dogs beautiful while along with making them healthy. Show Circuit has been used by professional show dog owners for years and is considered to be the world’s finest dog food. It is packaged frozen in

Pet owner's look at their pets like members of the family. Certainly, the pet owner's would prefer to feed their pets high quality food to keep them healthy and vibrant. Pet food manufacturers recognized the fact that quite a few pet owner's are willing to pay more for higher quality pet food, like the Beneful brand. Freshpet, is a dog food manufacturer that is located in Bethlehem, Pennsylvania. They are one of the first dog food manufacturers to fill the market with refrigerated pet food. This food is healthier for the pet and rivals food made for human consumption.

In 1980 and 1981, USSC’s management began intentionally shipping excessive amounts of inventory to its sales staff.A former USSC sales manager later testified reg arding this practice.it was nothing to come home and find $3,000 worth of product sitting in a