the example in Exhibit 3. a) Complete the following FSET assuming the Apple follows subscription accounting to account for iPhone’s sales revenue (separately for the transaction in Quarter 1 and in Quarters 2 to 8). Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets - = Liabilities + Contrib. Capital + Earned Capital Revenues - Expenses = Net Income Q1. iPhone Sales +500 -350 Inventory +306.25 Deferred Costs - = +437.5 Deferred Rev. +62.5 -43.75
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Case 8-4: Joan Holtz (D)* Note: This case is unchanged from the Tenth Edition. Approach As with the earlier Joan Holtz cases‚ this one enables students to discuss some interesting issues‚ none of which requires a full class period. The instructor should be alert to newer situations to augment or supplant any of those described in the case. Also many of these issues tend eventually to result in an FASB‚ AICPA‚ or SEC pronouncement. Since seldom will a beginning student be aware of these pronouncements
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fund | | | | Included as revenues of the debt service fund | | | | Both A and B are correct | | | | Points Received: | 1 of 1 | | Comments: | | | | 2. | Question : | If taxes and/or special assessments are levied by the General Fund and then are subsequently transferred to the debt service fund‚ they are: | | | Student Answer: | | Recorded as revenues of the debt service fund | | | | Included in the revenues budget of the general fund and are
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the multiple deliverables be accounted for as one unit of accounting or as two or more separate units of accounting? Guidelines that assist with evaluating sales transactions that involve multiple deliverables can be found in subtopic 605-25‚ ‘‘Revenue Recognition—Multiple-Element Arrangements‚’’ in the Codification. Requirement 2: What are the separate units of accounting in the sales agreement between AOI and CMI? Use the authoritative literature to explain your answer. As the explanation
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PROBLEM 1-1B (a) VINCE’S TRAVEL AGENCY | | | | | | | | | | | | | Owner’s Equity | | | Cash | + | AccountsReceivable | + | Supplies | + | Equipment | = | AccountsPayable | + | Owner’sCapital | – | Owner’s Drawings | + | Revenues | – | Expenses | | | | | | | | | | | | | | | | | | | | 1.2.3.4.5.6.7.8.9.10. | | +$15‚000+ 15‚000+ –600+ 14‚400+ –3‚000+ 11‚400+000‚000+ 11‚400+ –800+ 10‚600– +3‚000+ 13‚600+ –500+ 13‚100+ –500+ 12‚600+ –2‚500+ 10
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was also clear. As Boston Chicken financed most of its areas developers and competition of the fast-food market was quite fierce‚ Boston Chicken¡¯s business closely related to the business of its franchising stores. Besides‚ over 50% of the total revenue was the franchising related in 1994 fiscal year‚ including initial franchising fee and continuing franchising fees. Besides‚ the financial supports from Boston Chicken was very crucial to the system-wide business. As per the company¡¯s management¡¯s
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designed to overcome the lack of vital real-time management information relating to revenue‚ past and future. “Planitas’ commitment to working with us to customize and fine tune their MIS software to fit Hawaiian’s needs has proven invaluable. The MIS software allows us to quickly analyze what is selling and what needs help‚ enabling us to make management decisions faster. It also allows us to peer into our revenue sources with average fares by sales channel‚ which will help better focus our marketing
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move away from pure profit-seeking behaviour‚ many are organised and operated in a way where profit is not the only objective. Key Point: There will always be a range of business objectives: 1. Profit maximisation (where MR=MC) 2. Revenue maximisation (sales revenue) – where MR=zero 3. Increasing and protecting market share 4. Surviving an economic downturn / recession 5. Pursuing ethical business objectives (corporate social responsibility) 6. Providing a public service – see later sections
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Health System REVENUE CYCLE MANAGEMENT Rashida Shoemaker Goals 1. Choose one additional performance metric and choose defect metrics. 2. Why these particular metrics? 3. Compare MRHS metrics to national metrics. 4. List corrective actions to improve MRHS metrics. 5. "Asses the fairness and efficiency of the current fragmented payment system to providers‚ insurers‚ patients and society." 6. Calculate average expected payment for the MRI and joint replacement procedures. Revenue Cycle Metrics
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Contents References_________________________________________________________________1 Company Overview AT&T is one of the largest provider of long distance and local telephone services in the United States. It became At&t in the year 1857‚ Alexander Graham Bell and two others agreed on this company. One of their first openings were in New Haven‚ Ct in 1878. The company starting name was American Bell Telephone Company. The acronyms standing for AT&T mean (American Telephone and Telegraph
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