CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
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occurred‚ step two would determine the loss by subtracting the fair value from the carrying amount of the asset. 3. Ida should record $500‚000 impairment loss on the U.S. commercial building when reporting to its parent as of December 31‚ 2012. Since the recoverability test is needed under IFRSs‚ Ida needs to figure out the amount of impairment (if any) which should record on the commercial building and report to its parent as of December 31‚ 2012. An impairment loss is the amount by which the carrying
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The Court of Appeal is a necessary expense. Although in Ireland’s recession times‚ anything that requires additional funding is ‘unnecessary expense’. The autumn referendum of 2014 resulted in favour of the Court of Appeal. The Bill was passed by a majority of 65.2 per cent of the Irish population voted in favour. The bill was then signed into law on the twentieth of July 2014. The court of appeal act 2014 is in place to enable efficiency and speed up hearings of appeals in civil cases. Before the
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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What Message Appeals would you use for the following Products? Design One Liner Punch lines: 1. Study Table in Household. 2. Cosmetic Surgery. Message Appeals: Berknan and Gilson Defined advertising appeals as an attempt at creativity that inspires consumers motives for purchase and affects consumer’s attitude towards a specific product or service. Message appeals are used in Advertising Messages to draw the consumer’s attention to his or her‚ own unmet needs and desires. Appeals can be broadly
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REQUIRED: Draft the appropriate audit opinion given the following scenarios. Each situation is independent of the other situations. 1. Proli Footwear’s management refuses to accrue the accounts receivable loss related to the bankruptcy of Moccasins For All. 2. The bank is expected to withdraw its financing because: a. The Company has projections that indicate continued decrease in earnings and reduced revenues; OR b. The Company has violated certain loan covenants that the bank will not waive
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PURPOSE of GENERAL APPEALS PROCESS The appeal process is used to challenge a medical claim that has been reduced‚ denied‚ or is a down code claim. The appeals process begins when the provider request a review of the payers decision to deny a claim. The person that files the claim is known as a claimant or appellant depending on if it is a provider or patient who files the claim. Procedures for handling medical claim appeals may vary between the payer and the reason for the appeal. There is a required
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in 2011 and 2010‚ respectively. 4. Major repairs of $33‚000 to the equipment were debited to the Accumulated Depreciation account during the year. No assets were retired during 2011. 5. The wholly owned subsidiary reported a net loss for the year of $20‚000. The loss was recorded by the parent. 6. At January 1‚ 2011‚ the cash balance was $166‚000. Instructions Prepare a statement of cash flows (indirect method) for the
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Purpose of the General Appeals Process When a claim is down coded‚ reduced‚ or denied‚ the general appeals process can be used for challenging the payer’s decision. Patients and providers both have the ability and right to request such an appeal. These appeals have to be filed by a certain time once the claim has been denied or rejected (Valeruis‚ Bayes‚ Newby & Seggern‚ 2008). For example‚ should a claim be denied for the reason of missing signatures‚ the claim form has to be corrected with
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John Adams 4510 13th N.W. Street Washington‚ DC - 20011 15th August 2008 Office of Student Financial Aid Howard University Washington‚ DC - 20059 Sub: Suspension of financial aid. To whomsoever it May Concern: This is in response to the official letter that I received from your office regarding the suspension of my financial aid. I am writing to present a request to have the privilege of receiving financial aid again. During my last semester‚ year‚ including the months leading
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