Asset Valuation Paper: Piggly Wiggly, Inc.

Piggly Wiggly, Inc. is a national chain of convenience stores. They sell franchise stores to independent owners. Because Piggly Wiggly is a large national chain, individual franchised stores receive corporate buying power, provided they continue to pay a yearly franchise fee. This buying power allows the independent owners discounted prices on goods, mutual advertisements, and rebates from large venders such as Pepsi Co., and Coke. By retaining a Piggly Wiggly franchise, independent owners are also …showed first 75 words of 2285 total…

…showed last 75 words of 2285 total…large variety and number of products. As far as capitalization is concerned, the Bakers should capitalize all of their equipment, fixed and moveable. They should also maintain a system that tracks all equipment. By following all of these recommendations for reporting and valuing assets, the Bakers' Piggly Wiggly store should move out of its slump. References: Marshall, D., et al., (2004). Accounting: What the numbers mean (Custom ed., University of Phoenix). New York: McGraw-Hill Custom Publishing.