Should the revenue for sale of the device and sale of the service be recognized differently when there is a Multiple-Element Arrangement? III. Authoritative basis for the alternatives to the financial reporting issues 605 - Revenue Recognition 10 - Overall 05 - Overview and Background General 05-1 The Revenue Recognition Topic provides guidance for transaction-specific revenue recognition and certain matters related to revenue-generating activities that are not addressed specifically
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tendencies that cause limitations in our judgment processes are‚ availability‚ confirmation‚ overconfidence‚ and anchoring. In this memo I will explain each of the four tendencies‚ talk about which tendency I believe to have manifested in the Hamilton case‚ clarify issues relating to auditing the warranty reserve and describe the alternatives that should be considered in auditing the warranty reserve‚ and finally provide factors that should be considered in reaching a final conclusion. The Availability
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In what proportion do you think management is about knowledge‚ skills and abilities? Justify your answer? “Knowledge is critical because at the cutting edge of innovation in the new economy are knowledge producers: universities and businesses whose fundamental products are the ideas and research which provide the engine for change in goods and services. Service industries‚ in particular‚ have been transformed by technological advances. The demand for skills needed to understand and operate
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FOREIGN AND LOCAL LITERATURE: According to the source china.org. cn(2014) which is a business page The most succesfull convenience store franchiser‚ 7-Eleven‚ is planning to duplicate its Japanese success story in China. In which is very risky because of ups and down.Staying on a franchising system‚ the US-based 7-Eleven Inc which is 70 percent owned by Ito-Yakado Co‚ Japan’s biggest retailer‚ currently is seeking for licenses throughout china. Analysts reminded china about restrictions on
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CASE Analysis: Seven-Eleven Japan Co. The case describes how seven eleven has successfully established an innovative business model. Toshifumi Suzuki‚ CEO of Seven eleven Japan (SEJ)‚ described Seven Eleven Stores as: “Stores where you can find a solution for any of your daily life’s problems. We always try to plan and design a store in such a way that our store neighbours‚ in particular‚ can get whatever they need at any time they want” SEJ‚ headquartered in Japan‚ leads the world wide seven
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now have over 10‚000 stores in Japan. In restructuring our convenience store business‚ it has become necessary to implement consolidated management of both our domestic and international convenience store businesses‚ such as that of our US subsidiary‚ 7-Eleven‚ Inc. The franchise business model in itself serves to strengthen the internal control function and selfinnovation‚ and we at Seven-Eleven Japan intend to fulfill our "corporate responsibilities" and "corporate social responsibilities"‚ in particular
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Case 7-4: Aloha Products Jane McTague- 200904755 March 26‚ 2013 The executives of Aloha Products manage sales policies; assume advertising responsibility and promotion; and oversee the roasting‚ grinding‚ and packaging of Aloha coffees. Executives have left little control to plant managers because‚ although executives have control of inputs‚ each of the plants it still responsible with its profits and losses. Plant manger’s bonuses are also based on the percentage of his or her plant’s gross
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CASE STUDY: ADVENTURE IN THE AIR – THE WORLD OF AIR SPORTS Man has only conquered the air in the past three centuries‚ and particularly the last hundred years‚ but it has already become a well established milieu for adventure tourism. Exhibit 1 illustrates the main elements of the modern air sports field. Exhibit 1: The main air sports Most of these forms of air sport have only really developed in the past two or three decades‚ with growing numbers of people becoming active participants
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The problem is asking me to pick the best plan for my friend who pre-order the Iphone 7. The first plan is Verizon‚ the plan is $.10 per text with a $70 activation fee. The second plan is AT&T‚ it offers a different plan of $.20 per text with a $15 activation fee. I need to determine which plan I think would best suit my friend and I need to have evidence on which plan I think is the best. AT&T’s plan will be a better plan if you send more than 125 text but Verizon’s plan will be a better offer
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CASE 7-55: 1. Compute Niagra Falls Sporting Goods’ estimated break-even in sales dollars for the year ending December 31‚ 20x2‚ based on the budgeted income statement prepared by the controller. Answer: Contribution margin ratio = $10‚000‚000 - $6‚000‚000 - $2‚000‚000 / $10‚000‚000 = .20 Estimated break-even point = $100‚000 / .20 = $500‚000 2. Compute the estimated break-even point in sales dollars for the year ending December 31‚ 20x2‚ if the company employs its own sales personnel.
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