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ACC 5603: Accounting for Planning & Control

Case study: Tweeter Home Entertainment Group
Topics covered : Management accounting for decision making / The Balanced score card.

Company’s Profile

Tweeter Home Entertainment Group, Inc., together with its subsidiaries, operates as a specialty consumer electronics retailer in the United States. It also provides audio and video solution for home and mobile environment. The company sells audio, video, entertainment and mobile consumer electronic products through a chain of retail stores. Its stores feature a selection of home and mobile audio and video products including HDTV plasma, LCD and rear–projection television sets, home theater furniture, DVD players and recorders, surround sound systems, audio components, digital video satellite systems, satellite radios, personal video recorders and digital entertainment centers.

As of December 14, 2006, the company operated 153 stores under the Tweeter, hifi buys, Sound Advice, and Showcase Home Entertainment These stores are located in New England, the Mid-Atlantic, Chicago, and the southeast, Texas, southern California, Phoenix, and Las Vegas. It also offers home and mobile stereo installation services and provides warranty and non-warranty repair services through its stores. The company's in-home installation business provides design, installation, and educational services for new construction and home renovations, as well as for existing homes. Its products include home theater systems, satellite TV, Internet access systems, touch screen controls, and whole-house control systems. The company was founded in 1972 and is headquartered in Canton, Massachusetts. As of June 11, 2007, Tweeter Home Entertainment Group Inc., along with affiliates, filed a voluntary petition for bankruptcy protection under Chapter 11 reorganization with the U.S. Bankruptcy Court for the District of Delaware, Wilmington.

The Company / Background
Tweeter was founded in 1972 when...