a period of time. To measure profit the total generated revenue over a period must be identified. Revenue is a measure of inflow of economic benefits arising from the operations of the business. These benefits will either result in an increase of assets such as cash or amounts owed to the business by the customers or a decrease of liabilities. The total expenses must also be identified. Expenses are obviously the opposite of revenue. It represents the outflow of economic benefits. The profit
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Question one (a) The current revenue recognition policy of Biovail is “Free On Board” (FOB) which states that in which point shipper can transfer the responsibility and the ownership of goods to the buyer. There are two possibilities of FOB. When the contract use “FOB shipping point”‚ the seller has the responsibility for the goods until the goods leave the seller’s dock. Alternatively‚ when the contract uses “FOB destination”‚ before the buyer takes the possession‚ the seller still keeps
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Movie Industry Analysis Movie Industry Analysis The global motion picture industry has annual revenues of approximately $60 billion USD. • The studio business has a historical rate of return of around 13% per year‚ which is likely to increase as digital media creates new opportunities for the distribution of film properties • US box office for 2005 was $8.99 billion. For the fourth straight year‚ domestic cumulative box office from all studios continues to hold near $9 billion • Worldwide box
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No. 111 of Fortune 500 in 2013 (CNN Money). For 2013‚ the company had total revenues of 28‚105‚700 USD and had a net income of 5‚585‚900 dollars. Among these huge revenues‚ most of them come from the sales of meals‚ however‚ a large part of total revenues come from bundle sales of toys in the Happy Meal. Since McDonald’s Corp. made Happy Meal as their earnings growth target in 1997‚ it has become a large part of revenue in the company’s annual report (Cibson). The company has a clear annual financial
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aluminum‚ and alumina combined‚ through its active and growing participation in all major aspects of the industry: technology‚ mining‚ refining‚ smelting‚ fabricating‚ and recycling. Aluminum and alumina represent more than three-fourths of Alcoa’s revenue. Non-aluminum products include precision castings and aerospace and industrial fasteners. Alcoa’s products are used worldwide in aircraft‚ automobiles‚ commercial transportation‚ packaging‚ building and construction‚ oil and gas‚ defense‚ and industrial
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Pakistan will have 130.6 million mobile subscribers in 2013 with market share of Mobilink declining to 27.8% Mobile Operator Forecast on Pakistan provides over 50 operational and financial metrics for Pakistan’s wireless market and is one of the best forecasts in the industry. The publisher provides five-year forecasts at the operator level going out to 2013. They also provide quarterly historical and forecast data starting in 1Q2003 and ending in 2Q2011. Operators covered for Pakistan include:
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service fund allocations‚ and executing a five percent furlough on all management personnel and non-safety. Additionally‚ the City of Orange has depended on its conservative spending approach‚ based on the method the city has experience a continued revenue growth of the city’s general fund during the recession of preceding years. This was supported by the fact that the city swiftly replied to the unresolved economic recession early on by employing a multitude of resources reduction procedures immediately
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closely dependent on the growth of its earnings per share‚ a main indicator which investors used to invest in a company. b. Step-1: Massaging the numbers or income smoothing Business managers can control the timing of some expenses and sales revenue to some extent and therefore boost or dampen recorded profit for the year. In this way managers ”put a thumb on the scale”‚ the scale being net income for the year. When managers cross the line and go too far it’s called cooking the books. Cooking
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channel • R&D investment‚ patents‚ software competence • High growth rate‚ profitability and revenue The fact that Cognex is able to realize an approximately 80% gross margin on product sales presents the strong position because of wide global sales and channel. Cognex’s ability to compete depends upon the ability in R&D investment‚ patents‚ software competence. Cognex reported the highest annual revenue‚ profitability and growth rate of 2016 in our company’s 36-year history. Weakness: • Narrow
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its liberal revenue recognition policies. Currently this company recognizes revenue on product sales upon written acceptance of the product. However‚ acceptance typically occurs prior to the configuration of a particular system being finalized or payment being received from the customer. According to the Generally Accepted Accounting Principles (GAAP)‚ revenue should be recognized when a transaction occurs and 1) the revenue is realized or realizable and 2) the revenue is earned. Revenue is generally
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