The main sources of revenue in a hotel are through sales in rooms‚ restaurants and bars. Identify and evaluate other possible sources of revenue. ‘One of the fundamental business concepts is that a company is in business to make money’ (Hales‚ 15:2005). Revenue is the monetary amount that customers pay to receive a product or service and is the first aspect considered when conducting financial analysis as it starts the cash flow process of a company (Hales and Van Hoof‚ 2010). Moyer et al (1995)
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Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred‚ service rendered，东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book‚ adjust record to entice customer 2. Channel stuffing: 填塞分销渠道，造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over form是指企业应当按照交易或事项的经济实质进行会计核算，而不应当仅仅按照它们的法律形式作为会计核算的依据
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Impacts of Expenses Lionel Mcmillon September 13‚ 2011 AB299-02 Tim’s Coffee Shop is a great business that would seem to benefit from large business moving to the area. Looking at the income statement Tim’s business actually earned a decent profit in 2008. With the new surrounding business to the area this will bring an increase in business volume for the coffee shop along with plenty of new customers. This also could have some negative effects on the business with the increase of some
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Soviet Union and the United States were embroiled in a global contest; an aspect of this battle was the growing field of space technology‚ which was exemplified by the Apollo Program‚ which opened the door for numerous advancements in the fields of technology‚ education‚ and United States society as a whole. The concept of the Apollo Program was first conceived during the presidency
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Dear Mr. Smith‚ This letter confirms our understanding of the arrangements for our audit of the financial statements of Apollo Shoes‚ for the year ending December 31‚ 2012. We will audit Apollo Shoe’s balance sheet as of 12/31/2012‚ along with the related income statement‚ statement of retained earnings‚ and statement of cash flows for the entire year of 2012. We will provide a professional opinion based on the information found in the audit. All of the financial statements will be the responsibility
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Strengths: Revenue Growth: In 2008‚ FedEx reported revenue of $38 billion; in 2012 the company reported revenue of $42.7 billion‚ representing a year over year annual growth rate of 2.96%‚ and while this may not seem like an explosive number‚ the caliber of growth is solid and expected to accelerate into the future‚ with 2015 revenues reaching nearly $49 billion. Established Distribution System: The company possesses a massive fleet of airplanes‚ trucks‚ locations‚ and employees‚ and is distinctly
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Apollo and Daphne The myth of Apollo and Daphne is about a god who falls in love with a water nymph. It all had started when Apollo decided to make fun of Cupid about how he’s just a child‚ and his weapons are nothing in comparison to those of Apollo’s. Cupid got angry and then shot Apollo with the arrow of love‚ and Daphne with the arrow of disgust. Daphne was a water nymph who wanted to be like Artemis‚ and remain a virgin. While Apollo chased Daphne proclaiming his undying love for her
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RESEARCH PROJECT Green Shoe Options in India Prepared by Naveen Alle Batch 2012‚ Masters Programme in Management Studies Jamnalal Bajaj Institute of Management Studies (JBIMS) University of Mumbai Mumbai Supervised by Balkrishna Parab Assistant Professor Jamnalal Bajaj Institute of Management Studies (JBIMS) University of Mumbai Mumbai March 2012 Student Research Project Green Shoe Options in India Prepared by Naveen Alle1 March 2012 Abstract A green shoe option (GSO) provides
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Algebra I Cost-Revenue Business Project This project is designed for you to demonstrate your understanding of systems of linear equations. Before starting‚ read the entire project outline and requirements. During this project you are to do the following: 1) Pair up with a partner and create a business that sells one commodity of your choice (points for creativity). 2) Create a Market Research Survey that will be used to survey 50 students to help you discover what potential customers are looking
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Apollo 13 is an American Drama Space film that depicts the real events of what happened to the actual Apollo 13 lunar mission to the moon. Apollo 13 was America’s third attempt to land on the moon‚ but instead of awaiting its arrival‚ Apollo oxygen tank exploded causing an emergency evacuation. This essay will inform you on a problem from the launch of Apollo 13‚ what they did to resolve the issue‚ and how what I would have did to prevent the problem and how I would have approached the solution to
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