Assignment 5.3: Memo to Milwaukee Surgical Supplies‚ Inc. Board of Directors Average collection period is the time taken by the business to receive the cash payment from the customers who have bought the goods on credit from the company. Milwaukee Surgical Supplies is selling 100% on credit but the customers return cash within a month. On an average‚ it takes 27 days to receive the cash from the customers. The 30% of the customers pay in 10 day‚ 40% in 30 days and 30% in 40 days. Home Infusion’s
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Thanks to the massive popularity of Facebook‚ MySpace and other social network‚ social gaming‚ for example Farm Ville and Mafia Wars‚ has gained widespread adoption. The main revenue for these social games comes from advertising‚ virtual goods and subscriptions/memberships. Advertising Since America has mature advertising revenue model for internet-based companies‚ advertising was the preferred monetization model for social applications and games provider in earlier days in North American. 1)
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given period if you use accrual accounting. If you collect cash from a customer at the time an order is placed‚ it is recorded the same‚ whether you use cash or accrual reporting. However‚ if you record revenue at the time of order‚ but the actual payment is to come later‚ your revenue goes up at that time‚ while your cash is unaffected.” ("Revenue"‚ 2013). The statement of cash flows tells you how much cash went into and out of a company during a specific time frame. The statement of cash flows
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Eventually‚ Mike and Jeff find a nice place in the city. It’s spacious and clean and neither one will have to travel very far to get to work. Mike comes from a pretty wealthy family and his parents help him out with his share of the down payment. Jeff‚ on the other hand‚ went to college on a scholarship and doesn’t come from money. Jeff and Mike agree to a
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affordability factor‚ this factor is made so achievable that nothing seems to be beyond reach. How is that? Its the introduction of plastic money. The widely used kind of plastic money is credit card and debit card. Of these two the debit card is the payment affordability upto the balance in the account hold in the bank. But the credit card is a boasters to the factor of affordability. The invention of financial world has brought a revolution in the market system. The customers are been made feel that
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income budget that determines how much product the company will be able to receive. The company should make sure the products have values and is able to provide sufficient income. The company should always consider having a back-up plan in case a payment is missed. When buying a product‚ the company has the option to own it. The advantage of buying a product is that they are brand new in most cases‚ and have the best value offered. In many cases‚ the best prices offered too. For example‚ after purchasing
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successful. She needs to engage herself in more of the day to day operation. I would suggest she use a management accounting software‚ so that all sales are accounted for. Rosemary should offer other payment methods such as credit card‚ debit‚ or checks. I would not offer the cash payment option. Rosemary not offering the cash option will alleviate the temptation of a manager stealing cash. Accounts should also be reconciled daily. Rosemary should install cameras in the facility and a
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of having a larger family can be extremely high especially for food‚ house payments‚ bills‚ and school tuition. Shopping for food is a very big responsibility‚ it can be very expensive and the cost of groceries add up quickly. Although having a larger family has many disadvantages‚ there are many advantages of having a smaller family. When you have a larger family there are many bills and payments‚ but having a smaller family means less bills‚ and less shopping. Having
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1. Buy a House. 2. Take my kids camping 3. Potty train my son 4. Get out of debt 5. Earn my college degree I will buy a house in two years and have $10‚000 for a down payment. I take my kids camping at least three times before it starts to get cold at the end of August. I will potty train my son by his 3rd birthday in September. I will pay an extra $50 per month toward my debt so I can be completely out of debt by January of 2014. I will earn my college degree by attending
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healthcare reimbursement system is very complex. It involves private and public payers and changes in the reimbursement approach of one payer have implications for the other. One feature lacking in both type of payers is reimbursement linked to quality. Payment is based on delivery of services: “Right or Wrong”. The current system does not promote quality care and most services for preventive care are not reimbursed. Those components don’t contribute to the overall effectiveness of the system. Given a clean
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