channel • R&D investment‚ patents‚ software competence • High growth rate‚ profitability and revenue The fact that Cognex is able to realize an approximately 80% gross margin on product sales presents the strong position because of wide global sales and channel. Cognex’s ability to compete depends upon the ability in R&D investment‚ patents‚ software competence. Cognex reported the highest annual revenue‚ profitability and growth rate of 2016 in our company’s 36-year history. Weakness: • Narrow
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its liberal revenue recognition policies. Currently this company recognizes revenue on product sales upon written acceptance of the product. However‚ acceptance typically occurs prior to the configuration of a particular system being finalized or payment being received from the customer. According to the Generally Accepted Accounting Principles (GAAP)‚ revenue should be recognized when a transaction occurs and 1) the revenue is realized or realizable and 2) the revenue is earned. Revenue is generally
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CASE STUDY 3 SEC STAFF ACCOUNTING BULLETIN 104-REVENUE RECOGNITION Required: 1. Access the SEC website‚ www.sec.gov‚ and open the Staff Accounting Bulletin (SAB) section to SAB104. Disregard the first 8 pages. 2. List the 4 criteria which the SEC decided was necessary to further clarify the basic revenue accounting concepts of “realized or realizable and earned”. • Persuasive evidence of an arrangement exists • Delivery has occurred or services have been rendered • The
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CADBURY Kraft Foods Inc. (KFT) is the world’s largest food processing company with revenues of $40 billion (fiscal year 2009) which sells its products in more than 150 countries. We are familiar with many of its global brands – Oreo‚ Philadelphia Cream Cheese‚ Trident‚ Nabisco‚ Maxwell House and others. Its products are biscuits‚ confectionary‚ cheese‚ convenient meals and packaged groceries. About half of the revenues are from international markets. Kraft Foods is an attractive investment in which
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Background Information This report details the rise and collapse of WorldCom Group: this telecommunication giant employed 60‚000 individuals and had over $104 billion in assets. However‚ most numbers were deliberately misstated in order to maximize income and survive in the global stock market. WorldCom dates back to 1983 when in split up from AT&T to create a separate entity in order to take over the Southern states telecommunication markets. WorldCom focused on providing Long Distance Discount
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Apple Reports Second Quarter Results Best March Quarter Revenue and Earnings in Apple History CUPERTINO‚ California—April 22‚ 2009—Apple® today announced financial results for its fiscal 2009 second quarter ended March 28‚ 2009. The Company posted revenue of $8.16 billion and a net quarterly profit of $1.21 billion‚ or $1.33 per diluted share. These results compare to revenue of $7.51 billion and net quarterly profit of $1.05 billion‚ or $1.16 per diluted share‚ in the year-ago quarter. Gross
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resulted in the highest total revenue‚ despite having a lower nightly profit than other options. This strategy batched the restaurant patrons in groups of eight from open to 7pm and 7pm to 8pm. From 8pm to 10:30pm‚ patrons were batched in groups of four to eight. This strategy helped keep customers in the bar longer in the earlier hours‚ resulting in increased drinks revenues. Not batching customers decreases the efficiency of the restaurant‚ thus decreasing overall revenues. Batching allows customers
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performance in a competitive market area. This report consists of two main sections. First section is to analyse the objectives‚ strategies and outcomes of the business for first three years in detail. Secondly‚ a financial analysis such as total revenue and net income analysis will be done through different data graphs. 2. Overview of Business Plan for the last three years 2.1. Positioning and Mission statement Hotel positioning Crystal Hotel is positioned as a quality 3-star hotel. It
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South Korea discovered that there was big problem in the headquarters’ overhead cost allocation when he was preparing for the branch operation report. Taejon was a rapidly growing city. with the hard work Kim‚ the Taejon branch raised insurance revenues. However‚ the net income of the Taejon branch was much lower than for the prior year. And this attributed to the inappropriate cost accounting systems. For the underlying cause of applying this accounting method‚ it was believed that the Korean
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Legal form Private Limited Consolidation code U1 Legal status Active Account date 31/12/2009 Source Jordans Number of years 10 BvD indep. indicator D Account currency GBP Size & main activity/industry Op. revenue (Turnover) 5‚218 mil EUR No of employees 9‚159 P/L for period (Net Income) 2‚082 mil EUR No of rec. shareholders 1 No of rec. subsidiaries 4 Company category Very Large Main activity Other telecommunications activities
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