Revenue Recognition 1a Identify and explain when the company recognizes revenue The Consolidated Statement of Earnings on page 39 of the 2011 10K describes the 2 sources of revenue: retail sales and credit cards. Page 33 of the notes state that they recognize revenue from sales at their retail stores at the point of sale‚ net of an allowance for estimated sales returns. Page 43 describes revenue from sales to customers shipped directly from stores and online and catalog sales includes shipping
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There is an increasing importance in attracting consumers in a softening retail climate through offering and reflecting what consumers want and need through the brand and their product range‚ ensuring they are able to maintain a loyal customer while also a ttracting future consumers and staying profitable. Aim and purpose of report This report aims to evaluate the success of the two high end‚ British high street stores Cos and Reiss‟ day dress ranges for Autumn/Winter 2011‚ focusing on their
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It has been said many times before that buying a house is likely to be one of the biggest financial investments anyone can make in their lifetime. It makes sense then that the property which people own makes up a large portion of their wealth. "This is especially true for many homeowners in the USA‚" says Adrian Goslett‚ CEO of RE/MAX of Southern Africa. He says that the average American has nearly one-third of their net worth tied up in real estate. "While not all South Africans own property
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I used to be the kind of person who thought nothing could ever hurt me‚ until a usual morning turned into a disaster‚ which made me realize that life can be taken abruptly. My event is my car accident. After waving goodbye to my parents‚ I was off to work on a beautiful evening. It was August 2‚ 2002 I worked at Burger Kind which was in Perrysburg‚ Ohio. I remember listening that day to Alanis Morisette‚ looking at the beautiful wild daisies freshly blossoming on the side of the road. Then
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ASR - Automatic Speech Recognition Automatic speech recognition transformations of acoustic micro structure of speech signal into its implicit phonetic macro-structure. In other words‚ a speech recognition system is a speech-to-text conversion wherein the output of the system displays text corresponding to the recognized speech. Typology of ASR systems Several ASR systems can be developed‚ depending on: • Speaker-dependent vs. independent • Language constraints: o Isolated
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‘Anagnorismos’ means ’recognition’‚ ’discovery’‚ or ’revelation’ not only of a person but also of what that person stood for and it is the critical moment in a Greek tragedy leading to the denouement of a story. In heroic myth‚ anagnorismos is the recognition of a hero at the end of his quest by other another person. A hero can experience anagnorismos by bringing back objects from his quest proving his heroic deed. For example‚ Perseus Polydectes recognizes that Perseus has accomplished the task
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Enterprise rent-a-car I. Background information a. About ERAC A private car rental business with a fleet more than 850 000 vehicles‚ founded in 1957 Based in St Louis‚ Missouri‚ serving US‚ Canada‚ Germany‚ Ireland and Puerto Rico and UK Largest car rental company in North America Highest customer satisfaction for rental car and rental car in airport 95% of customer say they are satisfy with the service Largest purchaser of car in the world b. Marketing mix Customers: ERAC serves these
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to it through either ventilation or through windows can cause serious health problems to the person inside.The health effects range from minor irritation of eyes and the upper respiratory system to chronic respiratory disease‚ heart disease‚lung cancer and even death .Even if the vehicle is equipped with the air cabin filters that are present inside the cabin so ashe person inside Hence to overcome these types of problems there is a need to monitor several gases such as carbon monoxide (CO) and the
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undertaken a joint revenue recognition project that clarifies the principles for recognizing revenue that can be applied consistently across various transactions‚ industries‚ and capital markets. This project will apply to all contracts with customers except leases‚ financial instruments and insurance contracts. The joint project will attempt to remove inconsistencies and weaknesses in existing revenue recognition standards by retrofitting‚ and thoroughly improving the recognition framework. The project
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industry‚ both from the viewpoint of someone that is interested in playing computer games and as an investor. The topic that I have chosen to address is the issue of revenue recognition. Revenue Recognition Analysis I started by looking at EAs annual report (Form 10-K) for the fiscal year ending March 31‚ 2007. Revenue recognition is discussed in some detail.
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