1. How many truckloads of product are actually required to carry $10million of product? Show your calculations 0.028 Truckloads are required. This is derived from $10‚000‚000/$2.83 price per tablet‚ giving approximately 3‚533‚569 tablets. The dimensions of the truckload include 17mx4.5mx2.5m= 191.25m^3‚ or 191‚250‚000 cm^3. The volume each tablet takes up is 1.5cm^3‚ so a truckload can fit 191‚250‚000cm^3/1.5cm^3=127‚500‚000. 3‚533‚569/127‚500‚000=.028 truckloads. 2. How should the company
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ACCT7102 Individual Case Study Assignment: ‘Biovail Corporation: Revenue recognition and FOB Sales Accounting’ Task Description: The financial reporting case study is a comprehensive case study which examines the specific application of case scenarios involving principally Topic 5 (Managerial incentives for financial statement management). The case will also be used to examine student report writing skills‚ general accounting knowledge‚ and ability to critically evaluate complex case
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different in revenue recognize for FOB contract. This revenue recognition makes a big impact to the Biovail Corporation in their financial statement. Second‚ that has a conflict of interest that can be seeing when Maris takes over the account from Treppel.
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Table of Contents Executive Summary Biovail Corporation‚ a major Canadian pharmaceutical company listed on the New York Stock Exchange‚ announces that it will miss its quarterly earnings target by $25 to $45 million‚ blaming $10 to $15 million of the shortfall on a truck accident involving a shipment that left its facility on the last day of the quarter. The case was ultimately prosecuted by the U.S. Securities and Exchange Commission (SEC). The case is centered on the question
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MEMO TO: Mr. David Maris DATE: September 9‚ 2010 SUBJECT: Biovail Concerns This report discusses the concerns regarding the Biovail pharmaceutical company and the causes‚ implication and ramifications of its recently released quarterly earnings guidance. Specifically‚ this report covers Biovail’s reasons for missing previous expectations for quarterly earnings and an analysis of the validity of these reasons. The focus will be on the assertion that a recent truck accident containing
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Table of Contents 1.0 INTRODUCTION Biovail Corporation was one of the Canada’s largest pharmaceutical publicly traded companies which expert in the development and large scale of manufacturing of pharmaceutical products. Biovail Company engaged activities on enhance formulate of the existing drugs‚ clinical testing‚ manufacture and commercial pharmaceutical products and utilized advanced drug delivery technologies. In the case‚ on September 30‚ 2003 there was a truck carrying a shipment
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