written answers to the following assignments from Ch. 3 of Financial Accounting: * Questions 2‚ 3‚ 4‚ & 8 * Exercise E3-7 * Exercise E3-8 2. State two generally accepted accounting principles that relate to adjusting the accounts. Matching principle and revenue recognition principle 3. Rick Marsh‚ a lawyer‚ accepts a legal engagement in March‚ performs the work in April‚ and is paid in May. If Marsh’s law firm prepares monthly financial statements‚ when should it recognize revenue
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Serif Software: About Us: Serif (Europe) Ltd is home to one of the independent developer and publisher of creative- end desktop publishing & graphic design packages for your PCs. Company is established in 1987 and Serif Software is a privately owned British Company. It was founded with the aim to develop low- cost alternatives to provide a wide range of PC Software and associated products directly to customers all around the globe through company’s website. Along with this company also have contact
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Research Project 1 Takem’s Appliances and Electronics‚ LLC (Takem’s)‚ owned and operated by Tommy Takem (Takem)‚ and in the business of selling appliances and electronics to consumer clients in the Appalachian regions of Virginia‚ Kentucky‚ Tennessee‚ and West Virginia‚ recently added a door-to-door (DTD) sales division. Upon the visit of Mrs. Sally Walker (Walker)‚ a team member closed the sale of one new laptop computer. Walker signed three documents including a bill of sale‚ a security agreement
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S&H Green Stamps In the 1950 ’s and 1960 ’s supermarkets gave customers "green stamps" for every dollar of purchases at the grocery store. These stamps could then be redeemed by the customers for merchandise at an S&H warehouse. Basically‚ the company (Sperry and Hutchinson) provided the stamps to the grocers who didn ’t have to pay for the stamps until the month after they were given out to customers. Unused stamps could be returned to the supplier. The customer would collect the stamps in a book
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new ideas. Dell Inc. has over 5000 patents today that started from the computer revolution and internet development. This paper will describe a brief history of the industries development and discuss Dell’s core competencies and marketing strategies‚ and make recommendations for increasing core competencies‚ improving vertical integration‚ possible global expansion scenarios‚ advertising platform‚ and marketing strategies. Core Competencies Introduction Dell Inc. was
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INTRODUCTION Dell‚ Inc. is an American multinational information technology corporation based in 1 Dell Way‚ Round Rock‚ Texas‚ and United States that develops‚ sells and supports computers and related products and services. Bearing the name of its founder‚ Michael Dell‚ the company is one of the largest technological corporations in the world‚ employing more than 103‚300 people worldwide. Dell is listed at number 41 in the Fortune 500 list. Dell has grown by both increasing its customer base and
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assumption is going concern assumption; this assumption is used to see that a company will operate on the foreseeable future (Godwin‚ Alderman‚ 2010). An accountant needs to understand what revenue‚ revenue recognition principle‚ an expense‚ and matching principles are (Godwin‚ Alderman‚ 2010). Revenue is increasing recourses from the sale of goods or provision of services (Godwin‚ Alderman‚ 2010). The revenue recognition principle means revenue should be recorded when it is earned (Godwin‚ Alderman
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Business Model Dell has managed to become remarkably successful in a short span of time by following a direct "business to customer" model. By selling computers directly to customers‚ they have been able to best understand their needs and provide effective solutions to meet those needs. Dell built PCs to order‚ so customers received only what they wanted. Dell ’s just-in-time inventory system allowed them to order only parts that customers demanded‚ thus keeping the minimal inventories and
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Fundamental Dimension Limits of Antennas Ensuring Proper Antenna Dimensions in Mobile Device Designs Randy Bancroft Centurion Wireless Technologies Westminster‚ Colorado Abstract–The electronics industry has historically decreased the physical dimensions of their product offerings. In the age of wireless products this drive to miniaturize continues. Antennas are critical devices that enable wireless products. Unfortunately‚ system designers often choose antenna dimensions in an ad hoc manner
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Introduction In 2001‚ Dell Computer became the world’s largest personal computer vendor‚ continuing to gain market share and post profits in an industry struggling with slumping sales and billions of dollars in losses. Dell sells 90% of its PCs directly to the final customer‚ largely bypassing there seller channel that accounts for most of the world’s PC sales. This direct customer relationship is the key to Dell’s business model‚ and provides distinct advantages over the indirect sales model. Dell’s
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