MEMO: LabCo must determine if their accounting policy for the revenue treatment of its construction contracts is reasonable‚ if it is appropriate for LabCo to change its method of accounting for the Halibut contract from the percentage-of-completion method to the completed-contract method and how the change should be treated on the basis of the guidance provided within ASC 250‚ and how LabCo’s accounting policy and accounting for the Halibut contract may change under IFRS if adopted in the coming
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“Telephone Conversation” “Madam‚ I warned‚/ I hate a wasted journey- I am African” (4-5). This gives the reader instantly the subtle wit that is being portrayed due to the ignorance of having to be apologetic for something the writer cannot control. Wole Soyinka’s poem “Telephone Conversation” gives us a prime example of the aggressive humor and irony of the racial profiling handed out to the negro community where one’s education and merit does not trump racism in the view of the wealthy white
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Telephone etiquette 1. Speak clearly. A picture paints a thousand words but the caller on the other end of the phone can only hear you. They cannot see your face or body language. Therefore‚ taking the time to speak clearly‚ slowly and in a cheerful‚ professional voice is very important. 2. Use your normal tone of voice when answering a call. If you have a tendency to speak loud or shout‚ avoid doing so on the telephone. 3. Do not eat or drink while you are on telephone duty. Only eat or drink during
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Salem Telephone Company ("STC") Question 1 Variable Costs Equipment costs: Power Wages and Salaries: Operations hourly personnel Fixed Costs Space costs: Rent‚ custodial services Equipment costs: Computer leases‚ maintenance‚ depreciation of computer equipment and office equipment / fixtures Wages and Salaries: Operations salaried staff‚ systems development and maintenance‚ administration‚ and sales Sales promotions Corporate services The group actively debated fixed
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Introduction Peter Flores‚ president of Salem Telephone Company (STC) informed the Public Service Commission “that a profitable computer service Subsidiary would reduce pressure for the telephone rate increase.” And a result‚ Salem Data Services (SDS) was established. In 2003‚ SDS has “yet to experience a profitable month” and this induced the meeting between Peter Flores and Cynthia Wu‚ manager of SDS in April 2004. Flores and Wu held different views in regards to SDS; Flores felt SDS was draining
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1. Operations wages for hourly personnel and office equipment and fixtures are the only variable cost with respect to revenue hours. All other costs are fixed with respect to revenue hours. With higher fixed cost‚ Salem Data Services has a higher leverage and is therefore riskier. 2. ($7‚896 + $1‚546) / 329 hours = $28.70 / hour. For every hour spent working‚ the company spends 28.70 dollars. 3. Intracompany Commercial Total Number of Hours (a): 205 138 343 Revenue (a x b): $82
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CHAPTER 12 STATEMENT OF CASH FLOWS SUMMARY OF QUESTIONS BY OBJECTIVES AND BLOOM’S TAXONOMY |Item | |1. | |42.
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Case Study #1. Salem Telephone Company 1. Variable expenses: Power (the more hours sold‚ the more energy consumed) The hourly personnel (operations) works only when the computers are in operation Fixed expenses: The rent has to be paid despite any level of production ($8‚000 monthly) The custodial services depend on Salem Telephone’s estimated space‚ they are independent from the revenue of the Company The computer leases were acquired to run the business (before it was actually started
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Telephone Conversation‚ by Wole Soyinka is about racism; more specifically‚ it is about the way people both white and black fail to communicate clearly about matters of race. The narrator of the poem describes a telephone conversation in which he reaches a deal with a landlady to rent an apartment. He feels that he must let her know that he is black: Nothing remained But self-confession. "Madam‚" I warned‚"I hate a wasted journey—I am African." This is where the lapses in communication begin.
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For option3‚ net income will increase to a benefit amount. However‚ if the promotion expense is equal to or less than 1548.72‚ this option should be taken consideration. 6. Based on my analysis above‚ Salem Data Services is a problem to Salem Telephone Company. Firstly‚ Flores should consider the promotion can be the turning point or not. Then decide if he will abort this service. For my consideration‚ I will recommend Flores to abort this unprofitable
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