CASE 8-1: NORMAN CORPORATION 1. Answer: The transaction should be recognized based on the following points: i. ii. Conservatism concept stated that expenses should be recognized as soon as they are reasonably possible to occur. According to loss contingency‚ a liability is recognized when information available indicates that it is probable for a liability to occur and when the amount of loss can be reasonably estimated. Therefore‚ Norman should provide a provision for loss and recorded the transaction
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the community feeding into the valley schools are invited to a meeting to learn more about the plans and offer feedback to those plans to close Charm Elementary School. The school board has relocated its monthly business meeting to Keim Lumber in Charm on Monday at 6 p.m. Following the regular business meeting‚ board members will meet with parents and members of the community to discuss the plan and get feedback on both the decision to close‚ reorganize the valley schools and sell the building‚ said
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Issue Spotters Delta Tools‚ Inc.‚ markets a product that under some circumstances is capable of seriously injuring consumers. Does Delta owe an ethical duty to remove this product from the market‚ even if the injuries result only from misuse? Why or why not? I think Delta Tools‚ Inc. doesn’t owe an ethical duty to remove the product from the market unless the company doesn’t warn its customers of the danger they can meet upon misuse of the product. If the company takes all the measures to warn
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tive campaign is having the right market. The process of identifying the most probable customers that will avail to a product or service starts with a clear objective and follows the identification of its audience or its market. In the case of Hidden Valley Mountain and Wavepool Resort‚ the resort have already a market but not yet identified and also the communication objectives are not well-established particularly in disseminating information about the resort’s new add-on amenity. The resort should
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Under Armour Case Analysis Current Situation: Founded by Kevin Plank in 1996‚ as KP Sports and then later on renamed to Under Armour (logo as UA) has been profitable and well known since the time it was founded. Under Armour rapid growth in very short term has been due to maintaining a competitive advantage by always having top-notch products and adopting new strategies to compete with the rivals. Since 1996‚ company sales‚ profit‚ assets and equity have been increasing. Today Company is not only
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International Trade: CASES (1-8) CASE - 1 LUKOil CASE Russia’s GDP grew by 7 percent in 2004‚ which marked five straight years of growth. The growth was also higher than that of any other G8 country. Russia’s oil and gas sector has fuelled the growth‚ accounting for about 25 percent of its oil production and exports the other 70 percent. This dependence on petroleum exports makes Russia quite vulnerable to what happens in global petroleum markets. When the price per barrel of oil changes by $1
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Chapter 8: Aggregate Planning in a Supply Chain Exercise Solutions : We define a comprehensive set of decision variables that are utilized in problems 8-1 to 8-3 depending on the problem context. Decision Variables: Ht = # of workers hired in month t (t = 1‚..‚12) Lt = # of workers laid-off in month t (t = 1‚..‚12) Wt = # of workers employed in month t (t = 1‚..‚12) Ot = # of hours of overtime in month t (t = 1‚..‚12) It = # of units (000s) held in inventory at the end of month t (t = 1‚..
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CHAPTER 8 How Did They Make And Use Tools? Technology Summary The physical remains of humanly made artifacts form the bulk of the archaeological record. The artifacts that are found by archaeologists may not represent the range of objects actually used because certain materials preserve better than others. For this reason‚ stone tools and ceramics dominate the archaeological record. Objects made of fabric‚ cord‚ skin‚ and other organic materials no doubt date back to the very earliest archaeological
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Challenging Issues Under Accrual Accounting: Long-Lived Depreciable Assets – A Closer Look Discussion Questions 8-1. Some factors determining the estimated useful life of assets might include: a. prior experience the company b. industry norms c. anticipated technological advancements d. the way the asset will be used e. anticipated company growth An important point that needs to be made during the discussion of this question
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Chapter 4: Case Problem 1—Planning an Advertising Campaign Variables are as follows: T1 - Number of TV Ads with rating of 90 and 4000 new customers. T2 - Number of TV Ads with rating of 55 and 1500 new customers. R1 - Number of Radio Ads with rating of 25 and 2000 new customers. R2 - Number of Radio Ads with rating of 20 and 1200 new customers. N1 - Number of Newspaper Ads with rating of 10 and 1000 new customers. N1 - Number of Newspaper Ads with rating of 5 and 800 new customers. MAX 90T1 +
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