Handout Cases on Revenue Recognition CASE 1 The Sea-Soft Water Company distributes its water softeners to dealers upon their request. The contract agreement with the dealers is that they may have 90 days to sell and pay for the softeners. Until the 90-day period is over‚ any softeners may be returned at the dealer’s expense and with no further obligations on the dealer’s part. If the water softeners are damaged while in the hands of a dealer‚ Sea-Soft agrees to accept the return of the
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Introduction What Is A Budget? "A budget is a plan." More specifically‚ a budget is a plan of action matched by resources required to implement the plan. Budgets generally divide between two broad categories: the operating budget‚ sometimes known as the "expense" budget and the capital budget. Budget in simple word means a sum of money allocated for a particular purpose. Budget is there in everyone’s life‚ it may be a small or a big one. Budget is a tool which helps in controlling and planning the
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particularly designed for the specific cruise destination (Marc‚ 1989‚ p.38). Precondition The application of revenue management is not appropriated in all the industries. According to Kimes (1989)‚ successful industry to apply revenue management must fit with RM characteristics‚ which in terms of perishable inventory‚ fixed capacity‚ market segmentation‚ advanced sales‚ low marginal costs and time-variable demand (cited in IDeaS‚ 2005‚ p.4). Kimes developed a typology model of revenue management as figure1
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1. How do trend in the marketing industry‚ such as integrated marketing‚ affect advertising? Nowadays‚ there are too many trends in the marketing industry which we can see all over the places. These trends do not only give implication to the industry itself‚ it also affects the advertising field as well. Internet Marketing is an all-inclusive term for marketing products and/or services online – and like many all-inclusive terms‚ Internet marketing means different things to different
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youth today use technology for School ‚ and to help improve our daily lives. It has also caused the youth of this generation to become lazy because technology encourages laziness. This has caused the minds of the youth to become weaker because they do not have to use their brains as Much. The increasing technology has made individuals become less creative and more dependent on the computer to supply them with information. The constant growth of technology has a negative impact on the social lives
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center of debates‚ and is constantly being compared to Canada’s health care system. This research will look in depth about the development of each countries health care system‚ as well as comparing both countries by looking at their healthcare delivery system‚ financing‚ and how their insurance works. The U.S health expenditures exceed Canada’s‚ but yet United States still has a high number of uninsured citizens. Introduction The United States health care system has been the center for much heated
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INTEGRATING PEOPLE‚ PROCESS‚ AND TECHNOLOGY IN LEAN HEALTHCARE by Brock C. Husby A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy (Industrial and Operations Engineering) in The University of Michigan 2012 Doctoral Committee: Professor Jeffrey K. Liker‚ Chair Professor Lawrence Martin Seiford Professor Richard Van Harrison Associate Professor Young Kyun Ro
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Management Effective in Healthcare Organizations The present environments for healthcare organizations contain many forces demanding unprecedented levels of change. These forces include changing demographics‚ increased customer outlook‚ increased competition‚ and strengthen governmental pressure. Meeting these challenges will require healthcare organizations to go through fundamental changes and to continuously inquire about new behavior to produce future value. Healthcare is an information-intensive
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Revenue and sales maximization Revenue maximization Maximizing sales revenue is an alternative to profit maximization and occurs when the marginal revenue‚ MR‚ from selling an extra unit is zero. The notion that business firms (especially those operating in the real world) are primarily motivated by the desire to achieve the greatest possible level of sales‚ rather than profit maximization. On a day-to-day basis‚ most real world firms probably do try to maximize sales rather than profit. For firms
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others based on things such as race‚ color‚ religion‚ ethnicity‚ etc. They are Stereotypes. A stereotype as defined in the dictionary is “A widely held but fixed and oversimplified image or idea of a particular type of person or thing.” They affect the way people view others. Stereotypes affect society by making people judge others based on stereotypes. Most people see stereotypes as a way to group certain people together. There are good things and bad things about stereotypes. “A pro is it lets us
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