Introductory Financial Accounting Lecture Week 5 Receivables Summer Semester 2014 Greg Cusack www.fbe.unimelb.edu.au Learning Objectives At the end of the lecture‚ students should Be able to apply the revenue recognition principle to determine the accepted time to record sales revenue for typical retailers‚ wholesalers‚ manufacturers and service companies. To understand the recording and management implications of credit sales‚ including the offering of sales discounts and the
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CHAPTER-I 1.1 Job satisfaction Job satisfaction describes how happy an individual is with his or her job. The happier people are within their job‚ the more satisfied they are said to be. Logic would dictate that the most satisfied (“happy”) workers should be the best performers and vice versa. This is called the "happy worker" hypothesis. However; this hypothesis is not well supported‚ as job satisfaction is not the same as motivation or aptitude‚ although they may be clearly linked. A primary
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chapter 1 accounting information systems: An overview Suggested Answers to Discussion Questions 1.1 The value of information is the difference between the benefits realized from using that information and the costs of producing it. Would you‚ or any organization‚ ever produce information if its expected costs exceeded its benefits? If so‚ provide some examples. If not‚ why not? Most organizations produce information only if its value exceeds its cost. However‚ there are two situations
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$800‚000 Variable costs (380‚000) Contribution margin $420‚000 Contribution margin ratio = $420‚000/$800‚000 = 0.525 Annual break-even dollar sales volume = $210‚000/0.525 = $400‚000 b. Annual margin of safety in dollars: Sales $800‚000 Break-even sales dollars (400‚000) Margin of safety $400‚000 c. To determine the variable and total costs lines‚
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proper‚ structured and well rationalized decision. Proper decisions could lead to reduction of cost‚ company growth and larger revenues. "In the accelerating media industry‚ discovering relevant business insights within the chaos of available information can lead to substantial competitive advantage". 2. Explain why it might be useful to have detailed Web site metrics like those IBM provides. It is helpful to have detailed Web site metrics because it allows the company to see customer
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12:Bochyńska Monika 69136 Szymański Konrad 69135Zarzycki Michał 69134 | Table of contents 1. Introduction 3 2. Business history 3 3. IBM 4 4. Problem identification 6 5. Analysis 8 6. Personal conclusions and lessons learned 10 7. Recommendations 11 8. IBM nowadays 12 9. Bibliography 13 10. Group elements evaluation 13 1. Introduction IBM‚ the biggest IT company in the world‚ from more than 80 years is the lider in supporting the innovation in business. The company offers complex
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1.0 Introduction International Business Machines‚ abbreviated IBM and nicknamed "Big Blue" (for its official corporate color) was incorporated in the State of New York on June 16‚ 1911‚ is a multinational computer technology and IT consulting corporation headquartered in Armonk‚ New York‚ United States. Now‚ the chairman and CEO of IBM Company is Samuel J Palmisano. IBM manufactures and sells computer hardware and software‚ and offers infrastructure services‚ hosting services‚ and consulting services
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“In Praise of Margins” “In Praise of Margins” by Ian Frazier‚ the author argues that marginal places and activities are the necessity of life. For Frazier‚ marginal places are where you can be yourself and be free. As a kid‚ Frazier and his friends explored the woods‚ where they picked blackberries‚ and crunched ice underfoot. Eventually‚ Frazier and his friends grew up and no longer found the aimless joy that the woods once provided. However‚ Frazier reconsiders the woods and explorations he
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IBM CASE STUDY - DECADE OF TRANSFORMATION The IBM’s rise to the top and its abrupt fall followed by its decade of transformation‚ boldly highlights the importance of a solid strategy IBM was the synonym for greatness and profitability during early 1990’s but the lack of company’s ability to foresee into the future & its internal issues cost the company bigtime.It registered its first loss during 1991 mainly due to its inability to adopt to the customer centric PC industry. Phase 1: Incremental Improvement
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solutions to IT issues. It also undertakes research for new technologies‚ both software and hardware and thus transforming them into new products. IBM was incorporated in the State of New York on June 16‚ 1911 as the Computing-Tabulating-Recording Co. (C-T-R). In 1924‚ C-T-R adopted the name International Business Machines Corporation. [ibm.com: 2011]. In 2010‚ IBM was ranked the 20th biggest firm in the US by Fortune Magazine. It currently employs 400‚000 people‚ working in different fields providing various
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