Revenue Recognition 1a Identify and explain when the company recognizes revenue The Consolidated Statement of Earnings on page 39 of the 2011 10K describes the 2 sources of revenue: retail sales and credit cards. Page 33 of the notes state that they recognize revenue from sales at their retail stores at the point of sale‚ net of an allowance for estimated sales returns. Page 43 describes revenue from sales to customers shipped directly from stores and online and catalog sales includes shipping
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profile because of low volume of sales and no advertisement expenses. This shows Proprietary Business. Company B is a large and have a high profile because sales value is high and it incurs heavy cost of advertisement expenses. Answer 2: This is possible because the sales of Company B are 3.4 times higher than the sales of Company A‚ so even the large expenditure doesn’t affect the Net Income. Answer 3: A: = $211686/$415072*100 = 50.99% or Say 51% B: If Cost of Goods Sold of Company B is 58%
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Themes: change Sponsor This Essay 316 Be careful what you wish for. You might not like what you get. Some people wish for things without thinking about the challenges that await them ahead. Such as‚ wishing for a promotion and then getting more tasks then they can do. Or they wish to have children when they end up with twins‚ which they can barely handle. Or winning the lottery and spending all the money at once and not having it when they need it the most. I made a wish; I wish my father was
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What were you afraid of when you were a child ? There were many things that I was scared of when I was little. Some of the fears I acquired were due to prevailing gossips and unfounded tales talked about by the people who were close to me - friends‚ cousins and my parents. But as I mature into my teenage years‚ I realised the folly and absurdities of my fears. In fact‚ some of them were so ludicrous like lurking monsters under my bed and demon-like character that brutally attacked anyone
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one might think “What doesn’t kill me makes me stronger.” What they should be thinking about is what got them into a near-death situation in the first place. Several years ago I had been working in Europe for more than 200 days straight. I was sick of the cold‚ dreary weather I was forced to endure day in and day out in the north of England. So when my friends suggested that I join them on vacation to go scuba diving in the Cayman Islands‚ I jumped at the chance to go. What I didn’t know at
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WHAT MAKES YOU WAIT FOR THE FUTURE (4/2/2013) What makes you wait for the future? What makes you go on? What makes you strive to see the future? If life is a harsh place to live in why do you still work hard to keep moving forward? If you had answer these questions with an ease‚ probably you are having a good life‚ having a great experience with your love ones‚ probably life smite you so hard‚ test you and everything was so wrong that you almost give up but hope came up. There are so many reasons
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What do you like and what don’t you like in the system of our education? No doubt that education plays a very important role in our life. However‚ having studied at the University for 3 years‚ my own opinion about the system of higher education in Russia has formed and I’d like to share my thoughts with you. First of all‚ I would like to single out the things I like. Due to the system of our Education we get thorough knowledge for our future profession which will be very
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After years of falling revenues‚ in 1999-2000 Doordarshan (DD)1 had a revenue growth at 50%. In 1999-2000‚ DD earned revenues of Rs 6.1mn compared to Rs 3.99 mn in 1998-99. DD showed signs of revival with the launch of DD World (a channel for NRIs) and had relative success with some of its regional channels (Refer Table I for different DD channels). However by the end of 2000-01‚ DD’s honeymoon with success seemed to be over. In 2000-01‚ DD’s revenues were projected to grow at 6-15% while private
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Quote: “Begin to be now what you will be hereafter.” William James . Begin to be now what you will be hereafter" is the William James’ way of saying don’t wait for some magic way to show up to get you to what you want to be. You have to do the work to get to you have no set targets when you have no aim in life? (to be continued based on one’s own understanding on the subject and importance of goals and aims in one’s life.) This topic means that if a person aims to become someone or pursue a
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Economics of Baseball: Revenue Sharing Major League Baseball is the highest level of professional baseball in the United States and Canada. The organization is comprised of a partnership between the National League‚ founded in 1876‚ and the American League‚ founded in 1901. There are currently 30 teams in Major League Baseball‚ 14 in the American League and 16 in the National League. "Since 1903‚ the best of both of these leagues have met in the World Series‚ with the winner of the best-of-7
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