MEMORANDUM To: Dr. John J. Morris‚ Department of Accounting From: Group # 5 (Amanda Picht‚ Qinxi Fan‚ Mengnan Zhang) Date: April 10‚ 2012 Subject: Acctg 642: Case 09-1‚ Velocity Cellular Statement of Facts Velocity Cellular Services is a company that sells wireless services and products based on the Global System for Mobile Communications (GSM) standard. Under the GSM standard‚ an activation card is necessary for every subscriber. The company is promoting Power Starterpack‚ a prepaid
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Case 09-1: Velocity Cellular Page 1 D I S C U SS I O N M A T E R I A L S O b j e c t i v es o f t h e C a se This case gives students the opportunity to use accounting and auditing literature and professional judgment to research complex accounting issues effectively and efficiently. Specifically‚ students will be able to: Understand the application of the guidance in ASC 605-25‚ as amended by ASU 2009-13‚ to complex multiple-deliverable arrangements. Understand the application of the
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item(s) have value to the customer on a standalone basis? 2. Does a general right of return exist for the delivered item(s) and‚ if so‚ is delivery or performance of the undelivered item(s) considered probable and substantially in the control of the vendor? Question 1 above‚ ‘‘Do the delivered item(s) have standalone value?’’ needs to be considered as each item is delivered to the customer (provided there are still items to be delivered). The first deliverable consists of the mixer segment and the
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Process of Vendor Managed Inventory can be defined as a mechanism where the supplier creates the purchase orders based on the demand information exchanged by the retailer or customers. It implies that the supplier does the demand creation and the fulfillment‚ instead of the retailers or customers managing the inventory. Under the typical business model an order is placed to the manufacturer when the product is needed by the distributor. The inventory plan is maintained by the distributor as he
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Lenovo buys German vendor Medion to boost Europe sales Lenovo has been trying to establish itself as a leading player in developed markets such as Europe Chinese PC maker Lenovo has agreed to buy German electronics retailer Medion in a bid to boost its market share in Europe. Lenovo will pay $331m (£203m) for a 37% stake in the company. Lenovo‚ the world’s fourth-largest computer maker said it plans to acquire as much as an 80% stake in the company. It also said it hoped that the deal
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PACS Market – Vendor Neutral Archive (VNA) [On-premise Software‚ Hybrid & Cloud‚ Multi-Department & Multi-Site VNA] & Picture Archiving and Communication System (PACS)[Enterprise‚ Cardiology & Radiology] – Global Forecast to 2018" analyzes and studies the major market drivers‚ restraints‚ and opportunities in North America‚ Europe‚ Asia-Pacific‚ and Rest of the World. Browse 54 market data tables and 48 figures spread through 215 slides and in-depth TOC on VNA & PACS Market – Vendor Neutral Archive
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SWOT Analysis | Strength | 1. Acer group employs 8000 employees across the globe2. Operational Efficiency‚ tight control on Overhead Costs3. It has huge network‚ in around 38 countries so it works on Economies of Scale4. Acer’s aggressive price strategy‚ particularly suitable to a time of economic recession | Weakness | 1. Less prescence in B2B market when compared to Dell or Lenovo 2. It has limited product portfolio for midsize business 3. Market share growth is slow due to competition;
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Acer’s strategy has been described as “divide and conquer.” Compare and contrast this to Lenovo’s strategy. To compare both Acer’s and Lenovo‚ they were both leaders in personal computers and software. They both had a market share worth millions of dollars. Lenovo had emerged as the market leader in the personal computer industry in the Asia Pacific Region except in Japan with a market share of 11.3% for leading PC Companies in terms of market share. Acer’s had the leading marketer of Notebook
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MKT 505 Dr. Benjamin Bao 4/22/2012 MKT 505 Dr. Benjamin Bao 4/22/2012 By: Brandon Lamond Meadows By: Brandon Lamond Meadows ACER ANALYSIS ACER ANALYSIS ACER ANALYSIS Founded in Taiwan‚ Acer is a multinational manufacturer of electronics. They also happen to own the largest franchised personal computer retail chain that exists in Taipei‚ Taiwan. It is also the 3rd largest personal computer manufacturer in the world behind Hewlett Packard and Dell Incorporated. Their product line
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Part 2: Vendor Database (MS Access) As you recall‚ data is a collection of facts (numbers‚ text‚ even audio and video files) that is processed into usable information. Much like a spreadsheet‚ a database is a collection of such facts that you can then slice and dice in various ways to extract information or make decisions. However‚ the advantage and primary use of a database over a spreadsheet is its ability to handle a large volume of data and yet allow for quick access to the information that
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