method for recognizing revenues. Revenues are assumed to be earned at the time the sale is made‚ even though the cash may not have been collected from customers. For companies that produce to open stock‚ the sale is the critical event for revenue recognition. Even though value is added to goods through the production process‚ these companies face considerable uncertainty about who the customer will be and about the amount and timing of the sale. It is necessary to have an arm’s length transaction‚ in
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3. [5 marks] [5 marks] [5 marks] [5 marks] Price of Milk $1 $1 $2 Quantity of Milk (Quarts) 100 200 200 Price of Honey $2 $2 $4 Quantity of Honey (Quarts) 50 100 100 Compute nominal GDP‚ real GDP‚ and the GDP deflator for each year using 2009 as the base year. [12 marks] Compute the growth in nominal GDP‚ real GDP‚ and the GDP deflator in 2008 and 2009. For each year‚ identify the variable that does no change. Explain your answers. [10 marks] Did economic
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Don king Professor Samuel Young New Testament 10/14/2014 Matthew and Mark The books of Matthew and Mark are two gospels in the New Testament. There are four total gospels although. The definition of a gospel is referred to as either “good tale” or “good news” and these four gospels are autobiographies of Jesus of Nazareth. Matthew and Mark are similar but‚ they also are revealed contrarily in numerous ways. Matthew trusted on a lot of Mark’s wisdoms in this book about the life of
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allows us to envision what we do currently. figures: Scene Retinal Processing Feature Detection Parallel Processing Recognition DIRECTION: Reflected light from a stimuli goes into the eye and the lens focuses the image in an inverted form on the retina (accommodation). This light energy triggers chemical changed in the rods and cones (activate other cells & recognitions: encode information) activating bipolar cells‚ Acknowledgment goes out to Aristotle for who then activate the ganglion cells
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ASSIGNMENT- 60 MARKS Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.. Q1. Describe the strategy planning tools of Ansoff matrix and BCG matrix. 10 marks (4 for Ansoff matrix +6 (Ansoff matrix : use and factors it considers – 1 mark‚ explanation - 2 for BCG matrix) marks‚ limitation -1 mark; BCG matrix : use - 1 mark‚ explanation including 4 types of SBU’s – 3 marks‚ limitations
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Grades vs. Marks Which one is better? India ‚ has been using the mark system for years. It was just a few years back when the grade system was introduced . Since then‚ it has been debated that which system is better. Both have their own merits and demerits. Grade system follows the philosophy that all students of a grade are equally intelligent. In Mark System ‚ the philosophy followed is that the students who score more are superior or intelligent. The Mark system is a more competitive system
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unique solution? (2 marks) 4x + py + 8 = 0‚ 2x + 2y + 2 = 0 Solve graphically: 3x + 2y = 14x‚ x – 4y = 7 (3 marks) Two rails are represented by the equations x + 2y – 4 = 0 and 2x + 4y -12 = 0. Represent this situation geometrically. (3 marks) a b c On comparing the ratio 1 ‚ 1 and 1 find out whether the lines representing the pair of linear a2 b2 c2 equation intersect at a point‚ is parallel or coincident: x + 3y = 6‚ 2x – 3y =12. (3 marks) Solve the pairs of linear equation: (3 marks) 5 2 15 7 − = −1
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1. Research on-line and prepare a short write-up on a local or overseas Entrepreneur. What is the innovative business idea that the Entrepreneur is involved in? | Mark Elliot Zuckerberg‚ at the young age of 27‚ has a personal wealth of estimated 17.5 billion. As a computer programmer and an internet entrepreneur‚ he is best known as the creator of the renowned social networking website‚ Facebook‚ of which he runs it as chief executive and president. It is co-founded by Zuckerburg and three of his
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Running head: Mark to Market Accounting Mark to Market Accounting and Ethical Issues Ethical Issues ACC-504 April 16‚ 2012 Abstract Economic principle’s rationale for requiring guidance for financial institutions is to use mark-to-market accounting or fair value accounting on their financial reports. With the current economic crisis‚ questions have been raised as to whether or not fair value accounting is making this crisis worse. In this paper I review the history of fair value accounting
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Wrong Number: Telecom Tricks The telecommunications industry had its own bizarre take on revenue recognition during the boom. From 1997 to 2000‚ Global Crossing took on over $7 billion of debt to lay 1.7 million miles of fiber-optic cable to transport data via the Internet. When completed in summer 2001‚ the network spanned 27 countries and 200 major cities around the globe. The company’s debt load didn’t seem to faze investors—Global Crossing’s market capitalization reached $40 billion in 1999
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