MEMO: LabCo must determine if their accounting policy for the revenue treatment of its construction contracts is reasonable‚ if it is appropriate for LabCo to change its method of accounting for the Halibut contract from the percentage-of-completion method to the completed-contract method and how the change should be treated on the basis of the guidance provided within ASC 250‚ and how LabCo’s accounting policy and accounting for the Halibut contract may change under IFRS if adopted in the coming
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goes on to state that the percentage-of-completion method depends on the ability to make reasonable dependable estimates‚ which in turn relates to estimates of the extent of progress toward completion‚ revenues‚ and costs. In compliance with this‚ LabCo believe they could reasonably determine the estimates of the contract with Halibut. In previous contracts and agreements with Halibut‚ their method of revenue recognition was never questioned and a change to a different method was never
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05.07 Stating Your Claim 1.) Claim: I plan to prove that……. Books should not be banned because by trying to censor book’s they are discouraging learning and attempting to prevent the truth. 2.) Counter Claim: Some may disagree with me because…. They feel that banning these books is a justified action‚ which may be to protect children’s innocence or promote national security and positive role models. 3.) Use the strategies you have learned for writing a strong opening paragraph to brainstorm
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Exercise 5: Cardiovascular Dynamics: Activity 5: Studying the Effect of Blood Vessel Radius on Pump Activity Lab Report Pre-lab Quiz Results You scored 100% by answering 5 out of 5 questions correctly. 1. The heart is resting during You correctly answered: c. ventricular diastole. 2. The right side of the heart pumps blood You correctly answered: d. to the lungs. 3. The layer of the blood vessel that is stimulated by the autonomic nervous system is You correctly answered: b. smooth muscle. 4. In
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Stella Cheesman Potts 3rd GradPoint: AP English 05.04 Your Modest Proposal 05.06.15 Jonathan Swift ’s proposal is powerful because it is so outrageous. His exaggeration‚ irony and sardonic wit force his reader to examine hunger in Ireland. What social issue is most pressing today? What do you wish you could fix with your magic pen? Your essay must contain the following elements: 1. An introduction of the issue and its impact on society 2. An outlandish proposal 3. An enumerated list of at least
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THE SUPPLY CHAIN MECHANICS Case study New Warehouse Design and Construction for Food Manufacturer BENEFIT MEASURE Service level improvement Increase from 95% to 98-99% Warehouse consolidation £0.9M saving per annum Internal product transfer saving £0.8M saving per annum Storage capacity gain Operator and Supervisor training Increase from 26.5K to 43K pallets 180 people trained The scenario Britain’s biggest food manufacturer wanted a centre for warehousing best practice at one of their
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CASE 12 HOME DEPOT Analysis What do the financial ratios in case Exhibit 7 tell you about the operating performance of Home Depot? What additional information do the different ratios provide? Complete and compare a similar analysis for Lowe’s. a. Growth ratios are going down‚ loosing sales. Profitability ratios are declining after 1999 so that is not a good sign. Turnover rates seem to stay constant which means that they are selling the products at a constant rate. b. If their
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Hoang Thi Thanh Ha - 13200154 Case 12-2 To Recognize or Not to Recognize‚ That Is the Question Shakespeare Inc.‚ a private publishing company issued its F/S on March 20‚ 2012. There were several accruals and events that the management of Shakespeare is considering to determine if they should be recognized or disclosed in Dec 31‚ 2011 F/S. In my opinion‚ the important things to focus on subsequent events are the period they effect and if their influence is material or not‚ so that in conclusion
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Operations Management Outline ; Global Company Profile: Regal Marine ; Goods and Services Selection Chapter 5 – Design of Goods and Services ; Product Strategy Options Support Competitive Advantage ; Product Life Cycles ; Life Cycle and Strategy PowerPoint presentation to accompany Heizer/Render Principles of Operations Management‚ 7e Operations Management‚ 9e © 2008 Prentice Hall‚ Inc. ; ProductProduct-byby-Value Analysis 5–1 © 2008 Prentice Hall‚ Inc. Outline - Continued Outline - Continued
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Case 12.4 1. Mark can ask George for his plans on continuing the company for over a year. The plans must be shared in the form of a financial statement and assuming the plans are adequate‚ Mark can provide feedback through notes on the mitigating factors. If the disclosed information does not meet the criteria Mark was looking for‚ then he should ask George to provide the notes for the shared financial statements which identify the doubts that he has about the growing concern assumption. Assuming
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