Jeremy Barker Accounting 201-001 Prof Abavana 9/17/12 CA1-18 a) The ethical issue is the corporate reporting department is not recording the late entries and reporting incorrect numbers on purpose. b) Troy Normand is acting immorally because as a manager he is not making sure that the numbers are being recorded correctly. c) I would have done what a manager supposed to do and make sure the numbers and late entries are being recorded correctly. d) The major stakeholders are the
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reported a marginal 6% growth in its consolidated revenues to Rs. 216.55 crore in Q2CY’12 compared to Q2CY’11 while it’s bottom-line fell 2% to Rs. 43.70 crore which was lower than expectation. Growth in income was contributed by 7% growth in rating services revenues at Rs. 90.70 crore contributing 42% of total revenues and 10% growth in research services revenues at Rs. 113.28 crore contributing 52% of total revenues. Advisory services revenues fell 22% to Rs. 12.29 crore. Consolidated other
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The accounting firm of Howe and Wen‚ CPAs‚ has served as the Bees auditors for the past five years. One of the major audit areas involves testing ticket revenues. The revenues reached nearly $1.9 million in 2010. In prior years‚ the audit plan called for extensive detailed testing of revenue accounts to gain assurance that reported ticket revenues were fairly stated. Nadine Mercil‚ a new audit manager‚ just received the assignment to be the manager on the 2011 audit. Nadine worked previously on the
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industry powerhouse‚ its 20% return on equity (ROE) lags behind that of Sears’ 22%. Analysis: Wal-Mart operates fewer stores than Sears but is ahead in terms of total selling area by a ratio of 3.4:1. Between 1995 and 1997‚ Sears’ retail store revenue per selling square foot was not only lower than that of Wal-Mart but in decline. Sears allows customers to pay for merchandise over time if they use the company’s proprietary credit card. Sears opened 24 million new credit card accounts over a
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October 20‚ 2017 Summary: This case focal point on the gross and net revenue recognition. The gross amount billed to a buyer for Spider has earned income (as a principal) from the sale of the goods or services. Also‚ the net amount restrain (that is‚ the amount billed to the buyer less the amount paid to a supplier) because Spider has earned a commission or fee as an agent. Should Spider record the revenue it earns from placing ads for various third-party advertisers on Web sites owned
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marks The assets and liabilities of Toronto Service Inc. as of December 31‚ 2008‚ and revenue and expenses for the year ended December 31‚ 2008 are listed below: Accounts Payable|$21‚000||Property tax expense|$5‚000| ||||| Accounts Receivable|25‚000||Rent expense|3‚000| ||||| Advertising expense|10‚000||Salary expense|85‚000| ||||| Building|140‚000||Salary payable|12‚000| ||||| Cash|10‚000||Service Revenue|200‚000| ||||| Furniture|20‚000||Share Capital|75‚000| ||||| Interest expense|4
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James Whittle Salem Telephone Company Case Study 9/29/2014 1.) The variable costs in Exhibit 2 are Power and Hourly Personnel Wages as the costs fluctuate from month to month and are driven by the revenue hours for the company. The fixed costs in Exhibit 2 are Rent‚ Custodial Services‚ Computer Equipment Leases‚ Computer Maintenance‚ Computer Depreciation‚ Office Equipment and Fixtures Depreciation‚ Salaried Staff Wages‚ Systems Development and Maintenance‚ Administrative Wages‚ Sales Wages
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MARK 60100 – Marketing Management CASE ANALYSIS Marquee: The Business of Nightlife Marquee: The Business of Nightlife I. Tepperberg’s Strategy and Marquee’s Destiny How should Tepperberg approach a possible second club in New York City? And what should be Tepperber’s strategy regarding Marquee? Why? Standing at the beginning of the year 2008‚ Mr. Noah Tepperberg should consider the following 3 steps before launching the second club in New York City. Location and Market Research While the West
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Craddock Cup case study Question Number 1 In determining whether to keep or drop the Craddock Cup‚ the overhead expense allocations of City field rental‚ CYSL salaries and CYSL rent should be revised. In determining whether to keep or drop the Craddock Cup‚ the allocation of City filed rental fee of $1200 from CYSL to the Craddock Cup should be eliminated. CYSL rented 10 soccer fields from the city for 40 weeks a year for a total fee of $48000. However‚ even if the Craddock Cup was dropped
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1980s.The company was founded by Bill Gates and Paul Allen and went public on March 13th‚ 1986 with the price of $25.75 per share. Since going public‚ the company’s performance kept being outstanding. Microsoft not only had a high level growth of revenue and operating income‚ but also achieved this growth in really short period. The net income of Microsoft always grew more than 15% compared to the same quarter in prior years. Thus‚ the stock price of the company increased significantly‚ which was
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