Since the beginning of civilization sex has always been seen as a marketable item. Its been used to satisfy the wants and needs of society‚ specifically men. Sex as a commodity has had an impact on the way we think and feel. Regardless of all the sexual commodities‚ prostitution can be argued as the oldest sexual marketable item. Prostitution is defined as promiscuous and mercenary sexual behavior with emotional Indifference between the partners. There isn ’t a more specific definition because
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TechMall Case Analysis Jermrit Deeprom 303228476 BUS512A Fall2014 1. What are the revenue streams for TechMall ? The revenue streams for TechMall generally divide into three parts. First revenue stream stems from merchant one-time setup fee 750$‚ but there is an exception for merchants who set up since Beta period. Second is monthly statement fee‚ which basically charge merchants monthly except no charge for the initial set up month. The last one is transaction fee‚ which charges 2% for each transaction
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COCA COLA COMPANY Research Project For ACC 412 Presented to: Overview of Coca-Cola Leading the beverage industry for the third consecutive year‚ Coca-Cola‚ a common household name known around the world‚ climbs to the 4th spot in Fortune’s 50 Most Admired Companies in the world for year 2012. When it comes to a refreshing cold soda‚ who does not know of Coca-Cola? The company was established in 1886 in Atlanta‚ Georgia at the Jacobs’ Pharmacy soda fountain by pharmacist
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Question 3: Paragraph 81 states that if the amount of consideration to which an entity will be entitled is variable‚ the cumulative amount of revenue the entity recognizes to date should not exceed the amount to which the entity is reasonably assured to be entitled. An entity is reasonably assured to be entitled to the amount allocated to satisfied performance obligations only if the entity has experience with similar performance obligations and that experience is predictive of the amount of consideration
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revenues.The revenue recognition principle states that we record revenue in the period in which we earn it. | | | 2. | | Discuss the major principle that describes recording expenses.The matching principle states that we recognize expenses in the same period as the revenues they help to generate. | | LO1 | 3. | | Samantha is a first-year accounting student. She doesn’t think it matters that expenses are reported in the same period’s income statement with the related revenues (matching
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Revenue Recognition Writing Assignment 1) Groupon’s Revenue Recognition issues In September 2011‚ Groupon dramatically changed the way it reported revenue. Prior to this date‚ Groupon recorded revenue acting as a principal‚ not an agent. Recording revenue in this manner means that Groupon was recording a “cost of goods sold” entry with each “revenue” entry on every sale it made. These entries heavily inflated the amount of revenue Groupon was reporting. Although net income was not affected
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INTRODUCTION The act of the National Revenue Authority came into being on 13 September 2002. The National Revenue Authority has a mandate to administer and collect all taxes‚ revenues and all penalties as stated in the NRA act. The purpose of the National Revenue Authority is to serve as a central body for the collection and assessment of national revenue. The implementation procedures and policies by the National Revenue Authority will ensure that revenues are collected efficiently by enforcing
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way of revenue recognition has been debated. Under Oracle’s current set of accounting rules‚ Oracle can recognize any revenue they believe will be shipped within the next twelve months‚ not shipped. It occurred the question of the Oracle. Thus‚ some analysts question Oracle Systems about their way of revenue recognition. Identify Oracle’s assumptions 1. Oracle assumes that their way of revenue recognition is trusty and worthy. Oracle recognize the licensing and sublicensing revenues at the
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develop a new robust consumer revenue stream‚ while maintaining its significant digital advertising business.” Secondary to the constraint of maintaining the ad business was the requirement to maintain social buzz and branding. To begin‚ the NYT wanted to increase future revenues for the paper and offset the inevitable decline of its print revenue. This‚ in the short run‚ was a success. As described in Question #2; this added over $81 million in previously unexploited revenue in just the first year‚ indicating
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included in the next year’s revenue. Method 2: Strictly speaking‚ the revenue recognized in method 1 is not earned in THIS YEAR. through the method of estimating the electricity usage in December this year‚ added by the actual usage of former 11 months‚ we can get record the revenue and then do some adjustment in the next year. 2. Retainer fee none of the $10‚000 should be counted as revenue in 2006. In accordance with the Basic Recognition Criteria‚ the revenue cannot be booked unless the
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