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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09-1 Velocity Cellular Case Power Starterpack is part of Velocity Cellular Services that provides both the wireless services and products (cellular phones) to its clients. At the beginning of a cell phone contract‚ a cellular phone is sold with a wireless service that will generate cash for the service provider for the length of the contract; making Velocity Cellular Service multiple deliverables. Power Starterpack compromises of a single deliverable because the only service it is providing
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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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clothing‚ has six investments remaining in the department’s portfolio as of December 31. According to ASC‚ this memo analyzes whether any of its investments are other-than-temporary impaired‚ and determines the amount of the impairment. Facts Investment 1 -- Happy New Year & Co. OTT purchased 11 shares of Happy New Year & Co. stock on at $20 a share on Jan. 3‚ 20X1‚ and the price dropped to $15 in March and remained steady till Dec. 31‚ 20X1. OTT management does not believe the decline in price to be
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Family Residence Patterns Summary © 2009 by The McGraw-Hill Companies‚ all rights reserved DIAGRAMMING KINSHIP Kinship diagrams are a shorthand method of representing and giving a clear visual picture of kin relationships. Symbols are used in Diagrams (1) to limit linguistic confusion (2) it is easier to trace and understand complex relationships with the use of these visual images. © 2009 by The McGraw-Hill Companies‚ all rights reserved Symbols Used in Kinship Diagrams © 2009 by The McGraw-Hill
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Long Way Gone Study Guide / Discussion Questions / Writing Assignment Suggestions Chapter Questions: Chapter One: What did the old man in Kabati mean when he said‚ “We must strive to be like the moon”? Is this advice that could apply to you? Why or why not? Chapter Two: Beah moves around in time as he tells his story‚ flashing forward and backward. What is the effect of this technique? Do you appreciate it‚ or would you prefer that he stuck to strict chronology? Why or why not? Chapter Three:
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Year 11 Physic Controlled Assessment The factors that affect the motion of a falling object 1. Gravity 2. Mass 3. Weight 4. Aerodynamic/Streamline 5. Surface Area 6. Shape 7. Elevation Not Having Air Resistance Not having air resistance as a factor in the practical has a big impact on the outcomes that you get‚ as there is nothing acting against gravity hence a greater acceleration the object has. Having Air Resistance However having air resistance also changes the outcome
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1. Alice throws the ball to the +X direction with an initial velocity 10m/s. Time elapsed during the motion is 5s‚ calculate the height that object is thrown and Vy component of the velocity after it hits the ground. 2. John kicks the ball and ball does projectile motion with an angle of 53º to horizontal. Its initial velocity is 10 m/s‚ find the maximum height it can reach‚ horizontal displacement and total time required for this motion. (sin53º=0‚ 8 and cos53º=0‚ 6) 3. The boy drops
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Experiment 7: Velocity of Sound Jaybee J. Balilea‚ Sharmaine O. Baysic‚ Maria Anjelette Patricia C. Belen‚ Dianne Grace D. Bolloso Department of Biological Sciences College of Science‚ University of Santo Tomas Espana‚ Manila Abstract Sound is a mechanical wave that is an oscillation of pressure transmitted through a solid‚ liquid‚ or gas‚ composed of frequencies within the range of hearing and of a level sufficiently strong to be heard. It is produced when something vibrates causing
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Case 09-2 Issue: Decide how to account for the funding of the R&D and royalty payments. Identify the authoritative literature applicable to this funding arrangement and discuss the appropriate accounting for the agreement in accordance with that guidance. Facts: Pharmagen is a pharmaceutical company Company XYZ is an unrelated third-party private equity investor with no prior relationship or business operations related to Pharmagen Pharmagen and Company XYZ have entered into a funding agreement
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