filling with 127‚500‚000 of Wellbutrin XL tablet. d. The revenue of each Wellbutrin XL tablet Wholesaler cost = $2.83 x = $2.096 Distributor cost = $2.096= $0.4192 e. Total revenue per truck 127‚500‚000 x $0.4192 = $ 53‚448‚000 One truck can carry $10million worth of Wellbutrin XL tablet product. Q2: How should the company recognize revenue based upon the two possible FOB structures mentioned in the case? In order to recognize revenue‚ there are four conditions must be met as according to GAAP
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Revenue Cycle and Control Activities The revenue cycle for many companies is considered the primary source to earn revenue from the sale of goods or service. Good controls must be established to maintain the effectiveness of receivables and credit sales‚ not doing so can harm the company and might be costly to the business. Six classes of internal controls guides us in evaluating and designing transaction processing. They are authorization‚ supervision‚ segregation of duties‚ access control‚ independent
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| COMPANY PROFILEFounded on November 28‚ 1928‚ Philippine Long Distance Telephone Company (PLDT) is the leading telecommunications provider in the Philippines. Through its three principal business groups - fixed line‚ wireless‚ and information and communication technology - PLDT offers the largest and most diversified range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line‚ cellular and satellite networks.PLDT is listed on the Philippine Stock
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increasing internet protocol television (IPTV) segment.1 At the end of 2013‚ there were approximately 903.3 million pay-tv subscribers worldwide which generated nearly $250 billion in service revenue. Separately‚ IPTV operators reported roughly 92 million subscribers generating around $37 billion in service revenue. Although a CAGR of only 4% for the overall market is not as impressive as the 18.5% YoY growth experienced in the IPTV operators alone (their CAGR is expected to be closer to 10%)‚ it clearly
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frequent flier programs produced revenues estimated at 2.5 billion Euros (more than US$3 billion) and better per passenger results. 1 Revenues from non-ticket sources‚ which are called ancillary revenues‚ have become an important financial component for low cost carriers (LCCs) in Europe and throughout the world. Michael O’Leary‚ Chief Executive of Ryanair‚ Europe’s largest LCC‚ wants to offer free airline tickets by replacing traditional ticket sales with revenues produced by ancillary activities
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$54500 $36000 $110000 $55000 $55000 $29000 $26000 Answer 4: The Owner can prevent irregularities by the following ways:- Keep checking the Ratios at small interval of time. Taking Bank Reconciliation Statement. Matching the Revenue with Expenses. Take Consistency in method of recording the transaction. Case 3 Answer 1: Yes Lequita Adkins is a clever business person because Firstly she took a grace period of 90 days from 30 days‚ thereafter on final payment she also took
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MAYBELLINE CLEAR SMOOTH FACE POWDER Background Story Months after the successful launching of Maybelline Clear Smooth Face Powder‚ Rose B. Librieza‚ Coordinator of Marketing Operations‚ found herself reading survey results handed to her by one of her staff. As of three weeks ago‚ there is still no substantial data that will tell whether the Clear Smooth Face Powder is now the product leader in terms of its category in the market so she had a survey done to evaluate product performance. The report
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Maybelline target market research Maybelline is an international cosmetic brand‚ now owned by L ’Oreal that has been created originally in 1915 by its founder chemist T.L. Williams when he was only in his twenties. Williams was inspired by his younger sister after noticing her applying a mixture of Vaseline and coal dust to her eyelashes to get a fuller darker look‚ and that is when he adapted this idea and started applying it in his small laboratory‚ and started growing bigger from there until
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kComprehensive Problem Weighted-Average Method The PVC Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion. Information on work in the first department‚ Cooking‚ is given below for May: Production data: | | Pounds in process‚ May 1: materials 100% | | complete; conversion 90% complete | 70‚000 | Pounds started into production during May | 350‚000 | Pounds completed and transferred to the next department | ? | Pounds in process
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ANALYSIS OF KENYA’S GOVERNMENT REVENUE From the analysis Taxes seem to be the major source of revenue to the government since in the year 2006/7 it accounted for 93.16% of the total revenue‚ in the year 2007/8 it accounted for 94.91% of total revenue and in the year 2008/9 it amounted 94.71%. This is a good sign since the tax revenue/total government revenue is ideally required to be above 50%. The following classes of taxes were the major sources of revenue for the government: • Taxes on income
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