CASE 8-1: NORMAN CORPORATION 1. Answer: The transaction should be recognized based on the following points: i. ii. Conservatism concept stated that expenses should be recognized as soon as they are reasonably possible to occur. According to loss contingency‚ a liability is recognized when information available indicates that it is probable for a liability to occur and when the amount of loss can be reasonably estimated. Therefore‚ Norman should provide a provision for loss and recorded the transaction
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Case Study Case 1-4. X-Philes Data Management Corporation: RFP matters Question 1 We think that the future additional contract with another customer can cause an overload of workers who already have to work long hours and weekends completing Scully and Mulder projects. It can lead to decrease of quality of work and delays of projects completion‚ which in turn will be a reason of lost of the bonus and probable penalties in the work with Scully project. Question 2 The crisis facing Yrisket will
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Running Head: SUNSHINE HEALTH CORPORATIONS 1 Sunshine Health Corporations Natasha Bing Grantham University SUNSHINE HEALTH CORPORATIONS 2 Abstract Networking plays a vital part in business today. It provides the tool to link people‚ software and hardware together. It
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Written Analysis and Communication 1 Assignment – 1 Report on Sands Corporation Submitted to Prof. Mukul Vasavada DATE : 15/09/2009 SANDS CORPORATION Clairmont‚ USA August 14th 1961 To The Vice President (Manufacturing) Sands Corporation From Executive Assistant Sands Corporation Subject: Report on installation of new plant Dear Sir‚ I am submitting
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INSTITUTE OF BUSINESS MANAGEMENT SKIL CORPORATION CASE ANALYSIS STRATEGIC MANAGEMENT SECTION: C ASSIGNMENT #: 3 INSTRUCTOR: ABDUL QADIR MOLVI DATE: 12TH MARCH‚ 2013 Q1. What is your analysis of structure of possible Electric Power Tool Industry? According to the Porter’s Five Forces Analysis the industry is moderately attractive. Q2. How the industry structure is changing? Are these changes for better or worse? The power tool industry consisted of portable and stationary tools with
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San Andreas Fault Zone The San Andreas Fault Zone is located in San Francisco‚ California and is more than 800 miles long and at least 10 miles deep. The San Andreas Fault is the drifting boundary between the Pacific Plate and the North American Plate. It splits California in two from Cape Mendocino to the Mexican border. San Diego‚ Los Angeles and Big Sur are on the Pacific Plate. San Francisco‚ Sacramento and the Sierra Nevada are on the North American Plate. There was an earthquake along
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About San Rafael The city of San Rafael is only a short drive from San Francisco. Located a mere 20 minutes from the city by the bay‚ San Rafael is the oldest and largest city in Marin County. San Rafael is a wonderful city that boasts a temperate climate and fantastic natural features. History Of San Rafael Long ago the area of San Rafael was home to the Miwok people. The people lived in villages near downtown San Rafael‚ Terra Linda‚ in Marinwood. Eventually‚ the area was colonized by the Spanish
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Reading about the San Francisco State College Strike‚ it became very clear how racist and hypocritical the U.S. educational system was. Students‚ faculty members and community activists had to fight hard for equal access to higher education and a new education curriculum that would include studies of the history and culture of all people including ethnic minorities. As Asian Americans were facing similar systematic discriminations‚ they joined other racial groups to initiate and support the student-led
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Viña San Pedro Viña San Pedro (VSP) was the third largest winery in Chile‚ with 1998 sales of 37 billion Chilean pesos (CP). Bonifacio Correa had planted the original vines with French stock in 1865 on the farm in Molina that the family had owned since 1701. For years‚ VSP wines enjoyed a reputation of being one of the finest in the country‚ and the vineyard remained in the Correa family until 1941. New owners expanded the vineyard so that by 1994‚ 1‚150 hectares1 were in production‚ making it the
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The Presidio of San Elizario In 1598‚ the Spanish nobleman‚ Don Juan De Oñate from Zacatecas‚ Mexico was leading a group of Spanish colonists from Mexico to settle the newly discovered province of New Mexico. The group traveled for weeks across the desert until it reached the banks of the Rio Grande River near the San Elizario area. Soon afterward‚ Oñate proclaimed possession of this area in the name of his King‚ Phillip II. The small town of San Elizario is named after the French
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