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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estimated third quarter revenues to be between $215 and $235 million. This was a $25 to $45 million decrease to the previously reported guidance Biovail released‚ which reported revenue expectations to be $260 million. A press release claimed that an accident resulted in the loss of revenue‚ but the company also stated the revenue loss from the accident was in the range of $10 to $20 million. Using Biovail’s high estimate of revenue loss and low estimate of third quarter revenue expectations still results
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E1A‚ E3A‚ E4A‚ E5A‚ E9A‚ P2 SE1. Accrual Accounting Concepts 1. Assumes expenses should be assigned to the accounting period in which they are used to produce revenues Answer: (C) Accrual Accounting 2. Assumes a business will last indefinitely Answer: (B) Continuity 3. Assumes revenues are earned at a point in time Answer: (D) Revenue Recognition 4. Assumes net income that is measured for a short period of time‚ such as one quarter Answer: (A) Periodicity E1A. Applications of Accounting
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1. Both criteria of basis revenue recognition are confirmed: Entity has substantially performed what is required in order to earn income and the amount of income can be reliably measured. Because of the problem which occurs by reading out the customers meters the company should estimate the revenues for the month December. It has many historical data about the electricity usage of its customers. For example it could relay on the experiences of the last December. Normally there are no high fluctuations
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