Joe Ringworth, Factory Supervisor at Winger Enterprises, Had Been Attending

question 140

Essay

Joe Ringworth, factory supervisor at Winger Enterprises, had been attending night classes to earn a degree in business. He was particularly puzzled by what one of his accounting professors had said in class the previous evening. The professor, who knew that Joe worked as a factory supervisor, had said that some of Joe's salary could end up on the company's balance sheet at the end of the month. This didn't make any sense to Joe since he gets the salary, not the company.
Required:
Explain to Joe why some of his salary could end up on the company's balance sheet at the end of the month.

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Definitions:

Marketing Channel

The pathways through which goods and services flow from producers to consumers, including intermediaries such as wholesalers and retailers.

Types

Distinct and identifiable classes or categories into which things or concepts can be grouped based on shared characteristics or qualities.

Vendor-Managed Inventory

A business model where the supplier takes responsibility for managing inventory levels for the retailer.

Solectron

A former global electronics manufacturing company for original equipment manufacturers that was acquired by Flextronics International Ltd. in 2007.