Liability $2‚000‚000 To record the estimated warranty liability. To mark down the loss on the inventory that is now obsolete‚ one first has to figure out the Net Realizable Value‚ which is the lower of cost of market. Since they can sell the products for $8 million minus the selling cost of 20% of the sales revenue ($1.6 million) and the cost to rebuild the inventory of $2 million‚ the ceiling is then $4.4 million and the floor is $4 million ($4.4 million minus the 5% normal profit ($400‚000))
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Exercise: Introductions and conclusions 20 points. Instructions: Read the following information and follow the directions. When you are finished‚ save this document in .rtf (Rich Text Format). Name your document as follows: Your name‚ introductions and conclusions Example: Roger White‚ introductions and conclusions · Upload the document into the dropbox. Step 1—Familiarize yourself with the following information: Topic: Christmas Shopping Specific Purpose: To inform
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wondered about the different types of shoes you see on the dancers feet while they are performing? I know I have. As a dancer‚ I have seen and worn tons of shoes. But there is one type I have always wondered about‚ the different types of Jazz shoes. I personally own black and tan jazz shoes. I have always wondered‚ “Why the different color?” or “Why does this kind fit me in this size‚ but this kind fits me in another?” I learned that there are so much more to the jazz shoes than I ever thought. First‚ let’s
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Marketing mix - Product Agenda ✦ Product ✦ Service ✦ Product life cycle ✦ Experience Aim: transform strategic decisions already take into a sustainable and attracted commercial offer. From a managerial point the key question is: how can we transform our decision‚ our value proposition into something that can be bought by the market? We have to consider that there are several models that have been suggested over time to depict from a managerial view point what marketing mix meansthey clarify the
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lesson of Walking in someone else’s shoes. The metaphor of walking in someone else’s shoes indicates the understanding of a person by seeing things from his or her perspective. These three texts are set in the 20th Century‚ during a time of great racial inequalities and discrimination in society. To Kill a Mockingbird explores the idea - walking in someone else’s shoes‚ through the issue of racism. Rabbit Proof Fence ponders the idea - walking in someone else’s shoes‚ though the subject of prejudice
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Conclusion The research conducted for this study‚ allowed me to answer my thesis statement ?Mass incarceration was bolstered by the War on Drugs.? Consequently‚ the War on drugs and the concomitant mass incarceration movement were birthed in 1971 when then President Richard Nixon declared drugs to be the nation?s public enemy ( Tonry‚ 2011)pg137!. Its impacts are not just limited to the familiar statistic of 2.3 million people now held in our nation?s prisons and jails‚ nor even to the upwards
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While evaluating Apollo Shoes‚ there are some areas of concern that are potential fraudschemes. The fraud can lead to the entire collapse/demise of the company if not corrected.These will also affect the share value and investor confidence. An overview of the process of investigation along with recommendations for the company.As with any company‚ revenue recognition is an important part of operations of a ApolloShoes. As stated in GAAP standards‚ revenue generated must be realistic and recognizable
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Conclusion This Project has been very useful to me because I learned how to prepare cash flow statements and ratio analysis. This has improved my knowledge on financial statements which is very useful in business and commerce ever day. The work I did in this project has helped me to understand the techniques‚ applications and usefulness of financial statements to understand the performance of a particular company or enterprise without much difficulty and also understand how to prepare them in future
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Mr. Lancaster‚ The firm of Anderson‚ Olds‚ and Watershed is pleased to receive your notification to proceed with the audit and look forward to working with you. From the Audit Committee meeting minutes‚ we understand that Apollo Shoes requires help with the yearly audit because the former CPA firm withdrew unexpectedly (University of Phoenix‚ n.d.). Anderson‚ Olds‚ and Watershed will conduct the audit and “prepare the state franchise tax returns as well as the federal tax returns” (University
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some people may not care about their assessments but some people may get many stresses from it. The reasons why they decide to plagiarize will be presented below based on different cultures‚ different forms of pressure and procrastination. Conclusion: As the above discuss‚ different cultures‚ different forms of pressure and procrastination all are the main causes of why people choose to plagiarize. Therefore‚ students’ willingness‚ value tendency and source of stresses can directly influence
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