Exercise 2/ week 4 What motivates sales executives and finance and accounting executives to participate in activities that result in inaccurate reporting of revenues? Most people in sales tend to get a bonus or higher pay if they meet their quota at the end of the term or month. In some cases if they are unable to do so they can loose their job. In the past‚ why was it argued that Apple should spread the recognition of iPhone revenue over a two-year period‚ rather than recording it upfront? Apple
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Question 1 Imperial Luxurious is a business providing marketing design services. On 1 March 2011 the following balances were extracted from the books: £ Capital 150 000 Premises 120 000 Fixtures and fittings 24 000 Provisions for depreciation on: premises 5 000 fixtures and fittings 6 000 Debtors 17 500 Creditors 8 500 Bank 8 000 For the month of March the following summarised transactions occurred: • Credit sales of £28 000 were invoiced
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unimaginable medical experiments on the prisoners of Auschwitz. Each journal is written from a different person. Two journals that were discovered were written by a pair of twins both of which were 14 year old girls. These girls were named Agata and Ania Bal and they were both victims of the experiments performed by Dr. Josef Mengele. The last journal that was found was written from a 20 year old woman named Alicja Kowal. May 5‚ 1940 Kowal‚ Alicja I have risked my life for this journal. I have stolen this
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Chapter 4 Homework 4-18 Job costing‚ normal and actual costing. Amesbury Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2010‚ Amesbury budgets 2011 assembly-support costs to be $8‚300‚000 and 2011 direct labor-hours to be 166‚000. At the end of 2011‚ Amesbury is comparing the
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2011 balance sheet: Accounts receivable‚ net of the allowance for doubtful accounts of $12‚400 Accounts Receivable Allowance for Uncollectible Accounts 1‚500 Unadj. bal. Bad debt 13‚900 expense 12‚400 End. $607‚600 Net = Realizable Value End. 620‚000 607‚600 Unadj. allowance bal. $(1‚500) + Bad debt expense ? = End. bal. $12‚400 Bad debt expense = $13‚900 Case C Req. 1 The company should record bad debt expense of $481‚350 for 2012. Req. 2 Under current assets on the 2012 balance sheet:
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APInterventions and Practices Considered 1. General prophylaxis 2. Measures to achieve safe mechanical ventilation 3. Measures to prevent aspiration 4. Selective use of antibiotics to control outbreaks Note: Routine use of oral and systemic antibiotics was considered but not recommended. 5. Oral care with antiseptic agents 6. Daily interruptions or lightening of sedation and avoidance of paralytic agents 7. Gastrointestinal bleeding prophylaxis with either
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CASE STUDY 1 -THE COMPLETE ACCOUNTING CYCLE The Entire Case Study is due Sunday at Midnight Mountain time at the end of Week 3. This Case Study is worth 100 points or 10% of your final course grade. This Case Study relates to TCO’s D and E and Chapters 3 and 4. MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW. There are 10 Sheets in the Workbook including this one. All of the Information you need for the Project is located in this Workbook. Requirements Requirement 1 - Prepare
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Chapter scope notes Exclude alternative measures of pension obligation (p.1202) Exclude Other Defined Benefit Plans (pp. 1216) Exclude appendices Characteristics of organizational relationship: operating company & pension plan Emphasis will be on Defined Benefit Pension Plan accounting and reporting Pension plans are provided by organizations to provide for eligible employees upon retirement In Canada they are provincially regulated The concept is straightforward: An organization
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26% in FY10 to 15% in FY11E. Due to relatively lower base and new launches‚ we expect players like Bajaj Auto (BAL) and TVS Motor (TVS) to outperform the industry volumes growth rate in FY11E. On the other hand‚ Hero Honda (HH) is expected to underperform on back of enhanced competition and relatively much higher base. We have an ACCUMULATE rating on all three stocks with preference for BAL and TVS. Volume growth to come down but remain decent in FY11E Companies covered Hero Honda Motors Bajaj Auto
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Derek Greenfield Intermediate Accounting I 3/2/2012 CA1-1.) 1. True 2. False‚ must comply with all standards and interpretations including disclosure requirements 3. True 4. False‚ FASB must operate in full view of public through a “due process” system that gives interested parties ample opportunity to make their views known CA1-3.) 1. D 2. A 3. D 4. B 5. A 6. B 7. A 8. B E2-5.) Assets- F Liabilities- B Equity- I Investment by owners-
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