2. Longeta’s reasoning for recording $5.8 million as a current revenue was that this part of the contract was related to the delivery of the software. Since the product was shipped by the September 30th year-end‚ Longeta thought that they were allowed to do this under the revenue recognition principle. The reasoning for the $1.2 million being recorded as deferred revenue was that this amount corresponded to updates and technical support services which had not been performed at the year-end. This
Premium Generally Accepted Accounting Principles Balance sheet Revenue recognition
other”. In relation to Rent a Tents contract with Susie the terms of the contract are that in return for Rent a Tent providing a marquee for the birthday weekend Susie will pay £2‚000. This is a binding contract as the several requirements to make a binding contract are‚ offer and acceptance‚ intention to create legal relations and consideration. ‘. However Rent a Tent then approached Susie and seeked to change the agreement and increase the cost of hire of the marquee to £2‚500 to which
Premium Contract Contract law
graduated purchase Air Tex Aviation‚ a firm on the verge of bankruptcy. In front of the discrepancies of the current control system‚ Ted Richards and Frank Edwards decide to implement a system which improves transfer pricing‚ cost allocation and autonomy. Therefore‚ this case wonders about the difficulties to implement it and the steps to change the management style. It What appears to be the problem in Air Tex is linked to business which is linked with the state of mind of the staff: there is
Premium Management Decision making
CONTRACTS CONTRACT a meeting of minds between 2 persons whereby one binds himself‚ with respect to the other‚ to give something or to render some service (ARTICLE 1305) GENERAL PROVISIONS (Arts. 1305-1317) Distinguish an ordinary Contract: a.) from a Contract of marriage b.) from an obligation c.) from an imperfect promise d.) from a pact e.) from a stipulation a.) from a Contract of marriage ORDINARY CONTRACT 1. The parties may be 2 or more persons of same or different genders
Premium Contract
Assignement 1 contracts Sayres v. Wheatland Group‚ L.L.C.‚ 79 Va. Cir. 504 (Va. Cir. Ct. 2009) CASE SUMMARYPROCEDURAL POSTURE: Plaintiff filed suit against defendants alleging that the contract for the construction and sale of a home that was at issue in this case was void‚ invalid‚ and unenforceable. Plaintiff also alleged that he was entitled to rescission and cancellation of the same contract. Defendants filed a counterclaim for specific performance of the contract of sale. Plaintiff moved
Premium Contract
STUDENT ID: S120343 LECTURER/TUTOR: MR HUMPHREY MARAU NUMBER OF WORDS: 2284 Contract law is a body of law that governs oral and written agreements associated with exchange of goods and services‚ money‚ and properties. Not only does contract law set out the rules and guidelines of how to form a contract but also teaches us how the parties to a contract are to fulfil it and what may happen when the terms of a contract are not fulfilled. The background or facts of the scenario are that Credit Corp
Premium Contract Law
Contract Digital Marketing Consultancy Services Deciding promoting procedure for an effective business is a troublesome choice. While some organizations have cheerfully grasped the most recent procedures‚ numerous are as yet attempting to stay aware of patterns. Computerized promoting can be overpowering‚ along these lines one needs to completely comprehend the dangers and complex difficulties. Advanced counseling firms can offer your business some assistance with gaining an upper hand. They offer
Premium Management Marketing Strategic management
SALES CONTRACT No.57/2014 Ho Chi Minh City‚ May 19th‚ 2014 The Seller: Dalat Agriculture and Forestry JSC‚ Vietnam Address: 39 Phu Dong Thien Vuong Street‚ Ward 8‚ Da Lat City‚ Lam Dong‚ Vietnam Telephone: +84-63-656565 Fax: +84-63-665442 Email: info@dalatgap.com Represented by: Mr. Tran Thanh Sang Position: Director The Buyer: Shoei Foods Corporation Address: Shoei Bldg‚ 5-7‚ Akihabara‚ Taito-ku‚Tokyo‚ Japan Telephone: +81-33-2342345 Fax: +81-33-2672634 Email: shoeifoods@Shoeifoods
Premium Contract Ho Chi Minh Contract law
Classification of Contracts (7 – 1.30) Simple and formal contracts A formal contract is a written contract (such as a deed). A simple contract can be entirely orally or a combination of oral and written. Bilateral Contract: exchange of promise – one promise for another (a promisee’s promise in return for the promisor’s promise or vice versa) o Union Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 at 108‚ Lord Diplock Unilateral Contract: A one way
Premium Contract
discriminate against plus size women shopping in there stores. My objective is to develop a research and marketing plan to incorporate this particular target market into today’s biased society because plus size women want to look and feel phenomenal too. As a way to end size discrimination we want to create an environment that accepts those that are different in terms of size and let people know that “fat” is in‚ but not in this context; (PHAT) is back and we view plus size women as
Premium Research Scientific method Qualitative research