City with Many Attributes Everything is defined by its characteristics. There’s no doubt Chicago is a peculiar city and possesses distinct qualities which makes it recognizable and distinguishable from other cities. It is a place with a great past‚ and perennially has stood with a noteworthy feature. The city not only exemplifies its distinct feature‚ but also symbolizes the personality of Chicagoans. The skyscraper‚ architecture‚ comedy‚ arts and music‚ and scandals are the attributes that make Chicago
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2014-09 "Revenue from Contracts with Customers” Jade Nelson ACCT 4111-01 10/28/2014 Over the past few years‚ the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working closely together to develop a new set of revenue recognition standards in an effort to merge the standards of FASB and IASB‚ lessen the amount of industry-specific differences in the standards‚ and make the standards more principles-based. Because revenue is very
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Consumer Preference for Coffee Product Attributes in PPALMA‚ North Cotabato‚ Philippines Author: Michelle Ragocos-Ortez College of Business and Accountancy‚ Southern Christian College‚ Quezon Avenue Poblacion 5‚ Midsayap‚ North Cotabato‚ 9410 Philippines Email: mish_ragocos@yahoo.com Tel: +63 929-187-2390 Co-Author: Ms. Mary Pleasant Natural Resource and Environment Management‚ 1910 East West Road‚ Sherman Lab 101‚ University of Hawaii‚ Honolulu‚ HI 96822‚ USA Email:myounkin@hawaii
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Marginal Revenue and Marginal Cost An understanding of marginal revenue and marginal cost is economically crucial to owning and operating a successful business. Marginal revenue is the amount of change in total revenue by selling one additional product. So if a company sells four extra unit of product and brings extra total revenue of 500 dollars than the marginal revenue for this month would be 125 dollars. This is found by taking the change in total revenue‚ 500 dollars‚ and dividing it by the
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I strongly agree with the notion of keeping old friends is more important. Making new friend help people to get familiar with fresh idea and new way of living that may new friends possess. On the other hand old friends play significant role in their life for few reason that I mention bellow: First of all‚ old friends are more familiar with our intimate life‚ our personal shortcoming and our strength points. We spend more times with them including harsh and happiest periods thus‚ this friends know
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CHAPTER 7 Revenue and Collection Cycle LEARNING OBJECTIVES Review Checkpoints Exercises‚ Problems‚ and Simulations 1. Discuss inherent risks related to the revenue and collection cycle with a focus on improper revenue recognition. 1‚ 2‚ 3 59 2. Describe the revenue and collection cycle‚ including typical source documents and controls. 4‚ 5‚ 6‚ 7‚ 8 54‚ 55‚ 61‚ 63‚ 64‚ 66 3. Give examples of tests of controls over customer credit approval‚ delivery‚ and
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GOVERNMENT REVENUE | A Toolkit and Guide for Legislators and Civil Society Organizations | | This toolkit is meant to equip Legislators and Civil Society Organizations to effectively monitor the Government of Zimbabwe Revenues as part of the broader Budgetary Policy Analysis and input | | | | Table of Contents Chapter 1: Introduction 4 1.1 Background 4 1.2 Enabling Legislations 4 1.3 Tax Reforms 5 1.4 Taxes and the economy 6 1.5 The toolkit 6 Chapter 2: Government Revenues categories
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Unearned revenues are revenues that are received before the company delivers goods or provides services. Some industries that have unearned revenues would include magazine publishers as they only receive checks from customers once the magazine is ordered. Until then the company awaits payment and does not have this in advance. Another company would be airlines because they receive cash once the tickets are sold for future flights. Unearned revenue is used by any company that accepts payments or deposits
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in the month of June 2003. First it launched Optra then Tavera‚ Aveo‚ Aveo-Uva and Spark. Today it has branches and workshops in Udupi‚ Shimoga‚ Chikmagulur‚ Puttur and Mangalore. It has a workshop in Bangalore also. Mangalore is the main branch which is situated near Kulur on N.H 17 (Udupi- Mangalore Highway). In this branch nearly 130 employees are working‚ including sales and service people‚ technician and other staff. The annual turnover of Frontline Automobiles was 35 crore. Recruitment
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course: This week you learned about the unearned revenue account. Provide three examples of unearned revenue. Answer: Three examples of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received
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