Credential Solution. Credential Solution is a company that offers service to students to order and mails their official transcripts to a non-Queens College recipient. This service benefits CUNY as it allows 24/7 transcript ordering and it automates some of the processes the Registrar office needs to complete the official transcript order. Credential Solution is the only third party that works with CUNY when it comes to processing an official transcript. II) Work-Flow of Credential Solution‚ How the
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constant over time. Therefore‚ the company can estimate its revenues based on the data from the last year. If there is any inaccuracy‚ we can make adjustment in the following month. Retainer fee. A law firm received a “retainer” of $10‚000 on July 1‚ 2006‚ from a client. In return‚ it agreed to furnish general legal advice upon request for one year. In addition‚ the client would be billed for regular legal services such as representation in litigation. There was no way of knowing how often‚ or
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QUESTION ONE: Accounting Concepts and Conventions 1 a) Accounting Concepts 1 i) The going concern concept. 1 ii) The accruals concept (or matching concept) 1 iii) The entity concept: 3 iv) The money measurement concept: 3 v) The historical cost concept: 4 vi) The realization concept: 4 vii) Duality concept: 4 b) Accounting conventions 5 QUESTION TWO: Clashing accounting concepts and conventions that might bring about inconsistency in the accounting process 9 1. Clash between
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Christopher Nelson Intermediate Accounting II Research Case 1 1. As of December 31‚ 2011‚ what amount‚ if any ‚ of sales taxes due should be recognized in eVade’s financial statements? Assuming the financial statements for year ending 12/31/2011 have not been issued‚ an adjustment to sales tax liability can be recognized for the entire $25‚000.000. As well‚ affected prior period statements will need to be re-stated. This is consistent with FASB codification ASC250-10-45-23 2. What effect
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common National Distribution Centre (NDC) or combining the demand of certain regions or products to have an optimized solution to minimize the total cost by trading off the increased distribution cost and warehouse cost with reduced inventory holding cost Calculating the annual inventory and distribution cost of the current distribution system: In the current system‚ the Product types 1‚ 3 and 7 are distributed from 5 Regional Distribution centers. The mean demand per day and the standard distribution
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Malone • On 1 July 2011‚ Dyson purchased 80% of the shares on Malone for $ 800‚000. • On 30 June 2012‚ the land was revalued to $ 870‚000. • On 30 June 2012‚ Brennan owned 100% of Dyson‚ there has been changed to 60% of Dyson in the next year. • Dividend of $ 20‚000 was declared on 15 October 2012‚ and been paid on 15 November 2013. • On 31 October 2012‚ Dyson sold the entire interest for $1.1 million. • Partial goodwill method is used in Malone. Theory and Impact of Accounting Treatment
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Case Studies 1. SOLUTION TO STARTING RIGHT CASE‚ CH. 3‚ PAGE 110 This is a decision-making-under-uncertainty case. There are two events: a favorable market (event 1) and an unfavorable market (event 2). There are four alternatives‚ which include do nothing (alternative 1)‚ invest in corporate bonds (alternative 2)‚ invest in preferred stock (alternative 3)‚ and invest in common stock (alternative 4). The decision table is presented. Note that for alternative 2‚ the return in a good market
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Juan S. Fernandez Instructor: Dr. Thomas L. Norris "The Case for contamination" Kwame Anthony Appiah The role of religion Kwame Anthony Appiah‚ author of "The case for contamination" focuses on three main interrelated issues throw out his essay. Globalization‚ cultural diversity‚ and ethical consideration. Religion plays two major roles within this issues‚ claims made by people in favor of globalization and those against it. Religion can be used positively to protect culture in the idea of globalization
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KRISTEN’S COOKIE CASE FOR DR. JUN-YEON LEE MGMT 6355 FALL 2010 BY: AMIN DADWANI KRISTEN’S COOKIE COMPANY INTRODUCTION: A couple of students‚ roommates‚ planned to launch a cookie company in there on campus apartment. The purpose was to serve freshly baked cookies to hungry students late night by taking orders online. They needed following equipments and ingredients in process of making Cookies: - 1-Equipment: - Oven‚ Food processor‚ Cooking tray‚ Spoons. 2-Ingredient:
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OVERHEAD COST VARIANCES‚ AND MANAGEMENT CONTROL 8-1 Effective planning of variable overhead costs involves: 1. Planning to undertake only those variable overhead activities that add value for customers using the product or service‚ and 2. Planning to use the drivers of costs in those activities in the most efficient way. 8-2 At the start of an accounting period‚ a larger percentage of fixed overhead costs are locked-in than is the case with variable overhead costs. When planning fixed
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