LaPeux Eau de Toilette focuses on inventory valuation of a merchandising company. It tests students' understanding of LIFO, FIFO, weighted-average cost, lower-of-cost-and-market rule, FOB destination, FOB shipping point, purchase discounts and duty and taxes on importing. The president and owner, Nicolette LaPeux, is the decision-maker faced with the task of assessing how the accounting methods used in the inventory valuation affect the overall .....more

Jeff Young, president and sole shareholder of National Flag Distributors, must decide what changes are necessary to keep his business competitive in the marketplace. Market analysis, financial analysis, preparing an advertising strategy, adding a product line and contribution analysis are all considered. The company is a distributor of flags, banners and pennants in Canada and a new player in the competitive market.