The most concerning issue is the way Live Well Inc. deal with consignment and the recognition of revenue. As Live Well Inc. sells products through another party‚ being the sales coordinators‚ they cannot recognize revenue as the consignment of goods does not constitute a sale. They can only identify the revenue when the consignee sells the goods to a third party. This rule applies to both ASPE and IFRS standards. They currently recognize revenue upon shipment‚ however under the new IFRS 15 guidelines
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CASE 7 ARMSTRONG HELMET COMPANY 1. Item Administrative salaries Advertising for helmets Depreciation on factory building Depreciation on office equipment Insurance on factory building Miscellaneous expenses— factory Office supplies expense Professional fees Property taxes on factory building Raw materials used Rent on production equipment Research and development Sales commissions Utility costs—factory Wages—factory Totals © 2008 For Instructor Use Only Direct
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1. Project earnings per share for 2000 assuming that sales increase by$500‚000. Use figure 3 as the model for the calculation. Further assume that the capital structure is not changed. GLEN MOUNT FURNITURE COMPANY Abbreviated Income Statement For the Year Ended December 31‚ 1999 |sale |$45‚500‚000.00 | |less:Fixed Costs
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Shukaku Inc. Company is a foreign company wanted to invest in Cambodia for purposes to develop Boeung Kak Lake into a high-end residential‚ commercial and tourism complex. Likewise‚ there is a land dispute between the investor and the resident after the agreement of Shukaku Company and Cambodia government had been made with a 99 years lease. On top of that‚ the government asked the families living there to move away from the land but provide compensations such as money $8‚000 compensation‚ getting
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upper-littoral zone were the blue-grey periwinkles‚ for the mid-littoral zone were the 6-plated acorn barnacles and for the lower-littoral zone‚ 4-plated rosy barnacles which were all identified in Stephenson’s study. However‚ the indicator species found in the sub-littoral zone were the common limpets and not the sea anemone according to Stephenson’s study. The rocky shore was not really healthy due to the fact that not many organisms were found in comparison to Stephenson’s study. This may have been the
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human resources in Mount Ridge was created to obtain and coordinate the people in the entire company. For the company it was very important to take care of human relations. However‚ this was only in theory because there was no direct relationship between the human resources department and the plant personnel. Human resources management did not work jointly with all staff from the bottom of the organizational chart. This situation had a negative impact in the company‚ in the case described by Newcombe
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Case Three 1. Earnings per share: Sales…………………………………45‚500‚000 Less:Fixed Costs…………………….12‚900‚000 Less: Variable Costs (58% of sales)…26‚390‚000 (45‚500‚000 x .58) Operating Income……………………6‚210‚000 Less: Interest…………………………1‚275‚000 Earnings before taxes………………...4‚935‚000 Less: Taxes (34%)……………………1‚677‚900 (4‚935‚000 x .34) Earnings after taxes…………………..3‚257‚100 Shares…………………………………2‚000‚000 Earnings per share…………………….$1.63 2. 1.63 = 104.48 % ‚ Earnings per share increased
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Matthew 5-7 is commonly known as the Sermon on the Mount. Jesus’s teachings in this passage are often times known as the ethics of the kingdom of God. One particular aspect that separates Jesus’s teachings from all other religious teaching is that it focuses on the inward condition of the heart‚ rather than just outward actions. This is one of the main reasons that the Pharisees did not like Jesus’s teachings. He constantly rebuked their hard-heartedness‚ and in the Sermon on the Mount the Pharisees’
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goals did not fit well with the overall goals of the organization. There was an imbalance between the perceptions of the team members‚ guides and the leaders. (2) Right from the very beginning team leaders underestimated the challenges offered by Mount Everest. It indicates the tendency of overconfidence bias and recency effect of reliance on good weather in recent years. (3) The team members could not establish strong working relationships. Many team members were either not sure of their role
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Case 4: Distortions Caused By Inappropriate Allocation Base Chocolate Bars‚ Inc. Case Background. Chocolate Bars‚ inc. (CBI) manufactures chocolate candy bars with three variants – Almond Dream‚ Krispy Krackle‚ and Creamy Crunch. There are 2 distinct production processes for each product of CBI. Process 1 is labor intensive using a high proportion of direct materials and labor. Process 2 uses special packing equipment that wraps individual candy bars and packs it into a box of 24 bars. After which
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