# "Read The Jet Copies Case Problem On Pages 678 679 Of The Text Using Simulation Estimate The Loss Of Revenue Due To Copier Breakdown For One Year As Follows" Essays and Research Papers

### Read The Jet Copies Case Problem On Pages 678 679 Of The Text Using Simulation Estimate The Loss Of Revenue Due To Copier Breakdown For One Year As Follows

Read the "JET Copies" Case Problem on pages 678-679 of the text. Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows: In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown. In Excel, use a...

Discrete probability distribution, Logic, Microsoft Excel 825  Words | 3  Pages

### Assignment 1: Jet Copies Case Problem

Assignment 1: JET Copies Case Problem Rose Leahy Strayer University Quantitative Methods-MAT540 Dr. Patricia DeJarnett July 21, 2013 Assignment 1: JET Copies Case Problem Read the “JET CopiesCase Problem on pages 678-679 of the text. Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows: In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution...

Continuous probability distribution, Cumulative distribution function, Discrete probability distribution 808  Words | 3  Pages

### Jet Copies Case Problem

Assignment #1: JET Copies Case Problem   Read the “JET CopiesCase Problem on pages 678-679 of the textUsing simulation estimate the loss of revenue due to copier breakdown for one year, as follows: 1. In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. 2. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous...

Continuous probability distribution, Discrete probability distribution, Operations research 1060  Words | 3  Pages

### Jet Copies Case Problems

JET Copies Problem Lost revenue of Jet Copies due to breakdown can be done by generating random numbers from different probability distributions according the given probability law. The different steps of this simulation and assumption made are explained below. 1. Simulation for the repair time. It is given that the repair time follows |Repair Time (days) |Probability | |1 ...

Cumulative distribution function, Discrete probability distribution, Probability and statistics 822  Words | 3  Pages

### Jet Copies

JET Copies Problem The simulation of Jet Copies can be done by generating random numbers from given probability distributions. The different steps of this simulation and assumption made are explained below. 1. Simulation for the repair time. It is given that the repair time follows Repair Time (days) Probability 1. .20 2. .45 3. .25 4. .10 ----- ...

Cumulative distribution function, Discrete probability distribution, Probability and statistics 923  Words | 3  Pages

### Jet Copies Case

Jet Copies Case Problem Shelandria Jones Strayer University MAT 540-Quantitative Methods Dr. Raymond Ottinot February 5, 2013 Introduction Jet Copies is a business venture of a couple of young men who had the insight to open up a copy business. James Ernie and Terri received a loan from Terri’s parents of \$18,000. Due to information they have received the large copier they purchased has a history of breakdowns often for a few days. So the three guys are looking into possibly getting...

776  Words | 3  Pages

### Jet Copies Case

Running Head: JET COPIES CASE JET Copies Case Math 540 Winter 2013 JET Copies Case Introduction Before starting the case, it is important to know how this case will be evaluated through excel, the functions and their application, and how they quantifiably accentuate on the variables and known possibilities of the case. The major functions that are used in this particular case are RANDBETWEEN and SQRT in order to identify the relationship of how they simulate and...

Computer virus, Lotus 1-2-3, Microsoft 1105  Words | 4  Pages

### Jet Copies

Jet Copies Case Study 1. In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. 2. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown. 3. In Excel, use a suitable method for simulating the lost revenue for each day the copier is out of service. 4. Put all of this together to simulate the lost revenue...

Cumulative distribution function, Discrete probability distribution, Probability distribution 1218  Words | 4  Pages

### Jet Copier

JET Copier Case Analysis In the case study for Jet copies three students are contemplating the benefits of opening a copy business in their town. They are also trying to decide whether or not it would be a good investment to purchase a second copier, in case their main copy machine breaks down. The students have already purchased an \$18000 copier to start their copy business. They are trying to determine if they should get a loan to purchase a smaller \$8000 copier as back-up. The students estimated...

Cumulative distribution function, Mathematics, Probability density function 416  Words | 2  Pages

### Jet Copies Narrative

The JET Copies assignment is similar to the Bigelow Manufacturing Company machine breakdown example in the textbook. Hence the example was used as a guide. Days to Repair Simulation Process In simulating the number of days to repair, first a table was created based on the information given in the Repair time and Probability information table as found in the case. The created table was defined as “Lookup” in the array information for VLookup function in Microsoft Excel. Next, based on the probability...

Cumulative distribution function, Multiplication, Probability density function 565  Words | 2  Pages

### Assignment 1 - Quantitative Methods

JET Copies Case Problem page 1 Assignment #1: JET Copies Case Problem By: Jenna Kiragis Quantitative Methods 540 7/29/2012 JET Copies Case Problem page 2 In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. Lost revenue of Jet Copies due to breakdown can be done by generating...

Continuous probability distribution, Cumulative distribution function, Discrete probability distribution 1089  Words | 5  Pages

### Hbs Case: Hedging Currency Risks at Aifs

Prof. Lin Guo FIN 417 HBS Case: Hedging Currency Risks at AIFS Due date: April 12, 2012 Instructions: This case should be done individually. You should prepare a written analysis, and hand in two copies of your analysis on April 12 in class. Only hard copies of the case analysis are accepted. I will submit one of the copies to the Dean’s office for assessment purpose. Each student should also bring his/her own copy of the write-up to class, as well as the case itself, so that we can refer...

Canadian dollar, Currency, Dollar 567  Words | 3  Pages

### Internet Field Trip

JET Copies Case Otica Montgomery Professor Hollandsworth Quantitative Methods- MAT 540 November 7, 2012 JET Copies is a copying company started by college students. This group of friends came up with the idea to provide copying services to area students. After purchasing the copy machine, the students focused on a plan of action in case the machine broke down. They decided that a back up copier would be needed to , find out the amount of money they would lose with no back up plans, days...

Cumulative distribution function, Photocopier, Probability density function 696  Words | 3  Pages

SPREADSHEET MODELING AND SIMULATION Spring 2014 Instructor: Yanjun Li, office: KRAN 422, phone: 494-4525, e-mail: li14@purdue.edu Office Hours: Tuesday 1:00 – 4:00 pm, or by appointment. Course Packet: The course packet contains cases and readings from various sources. Textbook: David Hartvigsen, SimQuick: Process Simulation with Excel, 2nd Edition, Prentice Hall, 2004. (ISBN: 0-13-107880-1) References: Law, A. M. and W. D. Kelton, Simulation Modeling and Analysis...

Computer simulation, Data analysis, Decision theory 1490  Words | 7  Pages

### Case Obermeyer

UMASS LOWELL College of Management 63.371 T. Sloan Case Study Write-up #3 SPORT OBERMEYER, LTD. Sport Obermeyer is a high-end fashion skiwear design and merchandising company headquartered in Aspen, Colorado that sells its products through U.S. department stores and ski shops. Although the company has a global supply network, most of its critical outerwear products are sourced through the Hong Kong-based company Obersport, a joint venture between Sport Obermeyer and a Hong Kong partner...

Case study, Dunlap broadside, Hong Kong 898  Words | 3  Pages

### The problems to estimate the cost of capital

FINANCIAL ARCHITECTURE The problems to estimate the cost of capital Before starting to describe the problems associated to the estimation of the cost of capital, it is extremely relevant to describe its meaning: according to Investopedia, it is “the cost of funds used for financing a business”. In order to carry out this process, the companies can only be financed through equity; only through debt; or using a “combination of debt and equity” - in this particular case it is a “overall cost of capital...

Capital asset pricing model, Capital structure, Cost of capital 1058  Words | 5  Pages

### Revenue Recognition Problems in the Communications Equipment Industry

﻿ Financial Reporting and Analysis – ACG6175 Date: 5/18/09 Revenue Recognition Problems in the Communications Equipment Industry 1 – In late 2000, Lucent announced that revenues would be adjusted downwards by \$679 million as a result of revenue recognition problems. Yet the firms market capitalization plummeted by \$24.7 billion. Why do you think the market reacted so negatively to Lucent's announcements of the problems? There is usually a grey zone between aggressive accounting, which...

Accounts receivable, Balance sheet, Financial statements 1336  Words | 5  Pages

### Chapter 4 : Case: the dangers of using text messages

﻿Chapter 4 Case: the dangers of using text messages Case Questions 1. Which of the five moral dimensions of the information systems identified in this text are involved in this case?  Rights and obligations are involved since the person must know the proper use of the phone and be aware of the problems it can cause and be caused by not making a proper use of the phone. Also the quality of life since it covers all general aspects of life into which the values ​​and ethics and social responsibility...

Accidents, Bluetooth, Mobile phone 1260  Words | 5  Pages

### Case 12-02

Case 12-02 To Recognize or Not to Recognize, That Is the Question Shakespeare Inc. (“Shakespeare” or the “Company”) is a privately held book printing and publishing company with a December 31 year-end. The summary balance sheet as of December 31, 2010, included: Current assets Noncurrent assets Total assets Current liabilities Noncurrent liabilities Total liabilities Total shareholder equity \$ 6,500,000 28,250,000 \$34,750,000 \$ 4,500,000 13,750,000 \$18,250,000 \$16,500,000 The summary results of...

### Marketing Financial Services Case

SERVICES GROUP PROJECT Case (30%) –Winter 2014 Learning Objectives: 1. Synthesize and apply all program concepts learned to date. 2. Continue to refine interpersonal/team skills, presentation skills and critical thinking. INSTRUCTIONS: Written Marketing Plan (Worth 20% of final grade) Using the concepts discussed in this course, develop a high-level marketing plan for the case provided. Page 5 outlines the rubric to follow to prepare your written plan. A written plan is due by Monday, March...

Bank, Bank of Montreal, BMO Capital Markets 1618  Words | 7  Pages

### Case Study

Engineering Economic Analysis Case Study Case Name The Smithson’s Mortgage Case Study Teams This case is designed to be conducted by a team of students. The discussion, questioning, and resolution of differences is an important part of the learning experience. Another significant advantage is the sharing of the workload in preparing the final case study report. Knowledge Background This case draws heavily on the material presented in Chapters 2 and 3 of Principles of Engineering Economic Analysis...

Investment, Life annuity, Pension 1946  Words | 7  Pages

### Unit 3 Breakdown

Unit 3: Argumentative Writing—Issue/Defense Supporting Reasons Strategy Paper is worth 25 percent of your grade. Paper is due in class for in the D2L Dropbox by Thursday, Dec. 11, by 10:30 a.m. Your folder is due in class on Wednesday or Thursday. You cannot use your one-time late paper reprieve on this paper. Everything for the entire semester for Hacker and Sommers is due by Wednesday, Dec. 3, by 10:30 a.m. (no late postings accepted). Your score when I upload the grade report won’t count toward...

### Revenue in Print Media

REVENUE IN PRINT MEDIA Print production is measured on its quality, timeliness and effectiveness, whether it's a brochure or packaging or a magazine advertisement. But when something in the production process goes wrong, it can not only cause delays but also increase cost and impact quality. The challenge for print buyers is to manage print jobs efficiently through procurement and production while guaranteeing consistent quality and on-time in-budget completion. This requires specialized expertise...

Advertising, Desktop publishing, Graphic design 1639  Words | 5  Pages

### Guidelines for Your Case Write-Up:

Guidelines for your case write-up: What follows is a pretty exhaustive outline for case preparation. You are likely to work on plenty of cases while at Bocconi and may already have done so. I have found that this detailed outline steers students towards the right approach and outcome. A. Preparation 1. Read cases carefully and analyze all statistical data. It may be useful to read the case two, three or more times if necessary. Most cases are short, but loaded with relevant facts. 2. Determine...

Case study, Problem solving, Scientific method 1068  Words | 3  Pages

### Capital One Case Study

The Case Interview • What is a case interview? The Case Interview • What specific skills does it assess? • How to prepare for a case interview? • An interactive example. What is a “Case Interview” anyway? The Case Interview Simulation of a business problem. Similar to what our associates encounter every day. Series of open-ended questions. They’re designed to stimulate your conceptual, quantitative, analytical and – most importantly – creative abilities. The Case Interview There are...

Cost, Costs, Economics 1239  Words | 7  Pages

### Text and Cases Problem 8

Problem 8-3. For each of the following situations, the present value concept should be applied: 1. Your wealthy aunt just established a trust fund for you that will accumulate to a total of \$100,000 in 12 years. Interest on the trust fund is compounded annually at an 8% rate. How much is in your trust fund today? 2. On January 1, you will purchase a new car. The automobile dealer will allow you to make increasing annual December 31 payments over the following four years. The amounts...

Bond, Finance, Financial statements 1152  Words | 4  Pages

### A Case Study of Cisg and Wipo

Final Written Seminar A case study of CISG and WIPO By (Group 21) Jinaan Toaha (8904085068) Hongyu XUE We can examine the case scenario in terms of following breaches: * Minor breaches * Material breaches * Fundamental breaches Under the CISG, the remedies that are available to the aggrieved party are: 1. Damages 2. Specific Performance by the liable party 3. Price Reduction 4. Avoidance of contract Case Analysis Price: This aspect of the trading purchase...

American films, Breach of contract, Contract 1384  Words | 5  Pages

### Capital Budgeting Simulation

Project-1: Capital Budgeting Simulation MBA AF 620 Objective: The purpose of the Capital Budgeting Simulation project is to explore the problem of resource allocation within a corporation by looking at many projects from the senior-management perspective. This simulation is a useful complement to capital-budgeting cases that focus on single projects. Illustrate the impact of capital rationing on capital investment choices. Exercise and interpret the implication of tools of investment analysis...

Capital budgeting, Finance, Investment 972  Words | 3  Pages

### Supply and Demand Simulation

Supply and Demand Simulation The University of Phoenix online simulation entitled "Applying Supply and Demand Concepts" starts with the description of a fictional small town, Atlantis, and the rental market for two bedroom rental apartments. Below we will discuss the key points of supply and demand covered in the simulation, and by David Colander in the Book Economics, along with real world examples and results for the simulation. In this simulation the reader is a property manager for GoodLife...

Business cycle, Economic equilibrium, Economics 870  Words | 3  Pages

### Radio One, Inc. - Finance 6000 Case Study.

money to purchase a radio station in Washington, D.C., for just under \$1 million. They started the radio station by changing it from a R&B station and public affairs to talk radio. Starting off as radio hosts and becoming personalities throughout the years, the Hugheses acquired more and more stations. In 1987 they purchase WMMJ-FM for \$7.5 million, in 1992 and 1993 they purchased four stations in Baltimore, Maryland for \$6.4 million and in 1995 they bought WKYS-FM in Washington for a record high \$34...

Cash flow, Generally Accepted Accounting Principles, Income 1753  Words | 7  Pages

### Hp Case Study

CASE DISCUSSION QUESTIONS 1. In what way is a universal power supply a postponement strategy? It allows HP to postpone (product standardization, postponement) the allocation of laser printers (or specification of printer engine) to specific regions by about two months. Thus, in these two months the decisions can be made based on the aggregate demand forecast (US & Europe) in all regions. Production team believes universal power supply can enable HP to better respond to regional demand (US...

Cost, Costs, Hewlett-Packard 1755  Words | 6  Pages

### Delta Song Case Analysis

Delta Song Case Analysis Possible cost drivers that will allow us to estimate a salary cost function for Delta are: available seat miles, number of departures, available ton miles, revenue passenger miles, and revenue ton miles. The two cost drivers we chose were revenue passenger miles and available ton miles. The salaries consist of payments to pilots, flight attendants and ticket agents. Their salaries are determined by the number of passengers and cargoes and the miles or hours flown. This is...

Costs, Delta Air Lines, Econometrics 834  Words | 3  Pages

### Gmail - a Case Study

GMail-A Case Study "Search is Number Two Online Activity - Email is Number One; 'Heck, Yeah,' Say Google Founders" Headline of press release issued by Google on April 1, 2004 for GMail. On 1st April 2004, Google announced a new web-based mail service called Gmail. During launch it announced a one GB of free storage for each user. It has many of new features for regular webmail users such as grouping of messages into one conversation. It was powered with Google's popular search technology...

Comparison of webmail providers, E-mail, Gmail 2461  Words | 7  Pages

### Logan Airports

5. CASE STUDY REPORT In the Delays at Logan Airport case, there are different proposals for reducing congestion. One of the methods proposed to tackle the impact of delays was peak-period pricing, PPP. The other one was to build a new runway. In this case study, your objective is to evaluate these alternatives using waiting line models and to provide a recommendation to FAA to solve the delay problem at Logan Airport. Make sure you demonstrate that you have thought through your recommendations...

Delays, Faded Seaside Glamour, Qualitative research 1835  Words | 6  Pages

### Biopure Case Analysis

ready for consumer use. Hemopure is another such blood substitute for the human market and it will take a minimum of two years to launch the product from now. There is a concern about creating an unrealistic price expectation for Hemopure by marketing Oxyglobin before Hemopure. Whereas another point of view is that selling Oxyglobin will benefit the company by generating revenues that could be utilized while launching Hemopure and also in gaining valuable experience as to how to market and avoid the...

Biopure, Blood, Blood substitutes 1200  Words | 4  Pages

### Break Even Analysis Case Study

Break Even Analysis in Sesuki Mfg. Ltd: A Case Analysis Author: Monika Arora Abstract "What-if" or sensitivity analysis is one of the most important and valuable concepts in management science (MS). To emphasize its practical relevance in a business environment, we teach students in our introductory MS course to analyze "goal seek" with Excel's built-in Goal seek. This case demonstrates the application of the goal seek tool with several examples. 1. Introduction Sesuki Mfg., Ltd. is a manufacturer...

Costs, Decision analysis, Decision making software 1255  Words | 4  Pages

### Logan Airport Delay Questions

ASSIGNMENT QUESTIONS FOR “THE DELAYS AT LOGAN AIRPORT” CASE QUESTION 1 (25 points) In the Delays at Logan Airport case, there are different proposals for reducing congestion. One of the methods proposed to tackle the impact of delays was peak-period pricing, PPP. In the case, good weather operational capacity (i.e., both arrivals and departures) was around 120 planes per hour. Assuming that the number of arrivals approximately equals the number of departures, we obtain an average arrival...

Delays, Qualitative research, Turboprop 1440  Words | 5  Pages

### Consider the Relation Between Text and Paratext

TOPIC: Consider the relation between text and paratext (i.e. title page, editorial preface, etc.) in TWO OR MORE of the novels you have studied for this module. How does the presence of the paratext influence our reading of the novel? In this essay the different relations which exist between the text written by an author and the paratext will be analyzed. Special attention will be paid to the paratext belonging to Defoe’s Robinson Crusoe and Johnson’s The History of Rasselas, Prince of Abissinia...

Daniel Defoe, Fiction, Hayy ibn Yaqdhan 2043  Words | 5  Pages

### Using ArrayListITSystem Reading And Writing Data

﻿  Using ArrayList<ITSystem>, Reading and writing Data to/from Files Note: slight changes were made on 11/14 (1 day after this was put up).  Specifically, the source files are slightly different from the solution to p2.  When comparing two ITSystems we are now only concerned with ID.  Highlighted text reflects changes made to the assignment. For this assignment, we will continue to work with the SysInventory program we developed in the last programming project, with a few minor changes/additions...

Computer file, File system, Filename 1222  Words | 5  Pages

### Jet Copies Mat540

Jet Copies DAYS TO REPAIR The days to repair component was calculated by using the probability distribution of repair times given. This was used along with a set of random numbers based on 100 breakdowns a year. Then, a vlookup was used and the probability distribution per day to come up with the days to repair, which varies based on the random number that excel generates. The random number represents the probability of how many days it would take to repair the copier. TIME BETWEEN BREAKDOWNS ...

Cumulative distribution function, Mathematics, Microsoft Excel 328  Words | 2  Pages

### Procurement Simulation

2 Change Orders 3 Lessons 3 Appendix A: Simulation Comments 4 Appendix B: Simulation Results 6 Consensus versus Average Forecasting The consensus forecasts worked well for quick insight into estimated demand for each month. In our first year we used the consensus demand because we did not know the dynamics of the group, and we were relying on their expertise to guide us toward a more accurate forecast. As we progressed through the simulation we came to the realization that the consensus...

Forecasting, Future, Inventory 2331  Words | 7  Pages

### Buad 310 Case Analysis Instruction

Econometrics, Errors and residuals in statistics, Forecasting 1402  Words | 5  Pages

### business strategy game simulation quiz 1 gejpK 1

Business Strategy Game Simulation Quiz 1 Page 1 BUSINESS STRATEGY GAME SIMULATION QUIZ 1 Are you looking for BUSINESS STRATEGY GAME SIMULATION QUIZ 1?. If you are a reader who likes to download Business Strategy Game Simulation Quiz 1 to any kind of device, whether its your laptop, Kindle or iPhone, there are more options now than ever before. Perhaps because of the growing popularity of Kindle, or competitors like The Nook, or maybe just because people want choices, it is now possible to get Business...

### Jet Blue Airways Case Study

JET BLUE AIRWAYS CASE #3 BY DARRYL MITCHELL DR JACK HUDDLESTON BUS 599 / STRATEGIC MANAGEMENT 16 APRIL 2011 Discuss the trends in the US airline industry and how these trends might impact a company’s strategy. Today’s airline companies are faced with substantial challenges in an effort to keep air travel an affordable and viable mode of transporting people in the future. The airline industry continues to feel the pinch from the US economic slowdown and rise of crude oil/jet...

Airline, Avianca, Delta Air Lines 1720  Words | 6  Pages

### Case Study Lonely

LONELY PLANET Posted on August 25, 2010 by Issabella 1. Prepare a report in which you analyze the marketing channel conflicts and cannibalization issues that Lonely Planet faces as it is currently operating. Suggest solutions that might reduce revenue losses or operational frictions that result from these issues. Channel Conflict: when sales through the company’s web site interfere with sales in that company’s retail stores. The potential for significant channel conflict exists in Lonely Planet...

Book, E-book, Guide book 939  Words | 3  Pages

Twitter, the social networking site based on 140 character text messages, is the buzz social networking phenomenon of the year. Like all social networking sites, such as Facebook, MySpace, YouTube, Flickr, and others, Twitter provides a platform for users to express themselves by creating content and sharing it with their “followers,” who sign up to receive someone’s “tweets.” And like most social networking sites, Twitter faces the problem of how to make money. As of October 2010, Twitter has failed...

Facebook, Instant messaging, Internet 1741  Words | 5  Pages

### Nishant Gurung IT 343 002 Binnj Case S

﻿ Assignment 2 Binnj Case Study Nishant Gurung George Mason University I.T 343 - 002 Dr. J. John Murray October 4, 2014 Abstract This paper is an analysis on Binnj Case Study which is based on a Science Experiment carried out by Clay Hutcherson, founder and CEO of London, Ontario based Binnj Inc. and his team on the Apple IPad Application called LiveMenu. The LiveMenu Application allows Apple IPad’s to be used as a digital restaurant menu platform. Keywords: Binnj, Apple...

Agile software development, Software development process, Waterfall model 1196  Words | 6  Pages

### Rosewood Hotels & Resorts Case Study

• Assignment 1: Case Study – Rosewood Hotels Due Week 2 and worth 90 points Preparation: o Review the Rosewood Hotels & Resorts case study. o Visit the online Customer Lifetime Value Calculator  and go through each tab in the tool and spend time studying how some of the variables and assumptions affect the results in the Sample Problem. Write a 2-3 page paper in which you: o Discuss the pros and cons of the Rosewood Hotels moving from individual...

Brand, Brand architecture, Brand equity 2161  Words | 7  Pages

### Cape Breton Case Study

Executive Summary Cape Breton Boat Rentals is a boat rental company owned by Bruce MacLean and operated by his brother Malcolm Maclean. Although their reception was welcoming in the year 1988, their selling price could be said is at below the actually operating cost. To avoid the same situation in 1989, the MacLean bothers had to improvise and make aggressive decisions like for example tripling their advertisements. We will show possible ways and methods on how they would have improved in marketing...

1988, Case study, Customer service 2722  Words | 7  Pages

### Accrual: Generally Accepted Accounting Principles and Revenue

of the fact whether these expenses have been paid in cash or not in that year. The same holds true for revenues, i.e., revenues earned in a specific accounting period are construed as incomes of the same period, irrespective of their receipts. This concept is also known as the accrual theory of accounting or accrual accounting. This concept applies equally to revenues and expenses. In the accrual basis of accounting Revenue is recognized when it is realized, that is, when the sale is complete or...

Asset, Balance sheet, Expense 2265  Words | 7  Pages

### Unit 221 Using Office Equipment

more... Read full document Full access is free for premium users Different types of office equipment are used to more quickly and efficiently deal with all manner of administrative tasks. Equipment such as computer, photocopier, scanner, printer, fax machine and shredder. The computer often referred to as PC is used for the internet, communication such as e-mail or memo and to search for information. Work can also be processed using microsoft programs. The photocopier is used to copy documents...

Document, Multifunction printer, Office equipment 1360  Words | 3  Pages

### Running Case Introduction To Dirt Bik

Introduction to running case Dirt Bikes Dirt Bikes USA is a small company headquartered in Carbondale Colorado that manufactures and sells its own brand of off-road motorcycles. It was founded in 1993 to product dirt bikes that could be customized for racing and off-road recreational riding using the best quality components and parts from all over the world. The company has continued to grow and now faces a new set of challenges and opportunities. You have been asked to serve as a consultant to apply...

Asset, Balance sheet, Expense 1737  Words | 2  Pages

### Risk and Read Running Case

Chapter 11: Read Running Case and answer all three tasks. Running Case Tony and his team identified some risks the first month of the Recreation and Wellness Intranet Project. However, all they did was document them in a list. They never ranked them or developed any response strategies. Since several problems have been occurring on the project, such as key team members leaving the company, users being uncooperative, and team members not providing good status information, Tony has decided to...

Incentive, Incentive program, Motivation 666  Words | 3  Pages

### Case Study

assigned to research the appropriate accounting for revenue treatment of construction contracts for a client, LabCo. In specific, I was assigned to oversee LabCos’ contract involving a six-axis laser-cutting machine with Halibut Co. After researching and developing a theory based on the Financial Accounting Standards Boards’ Codification, I have concluded that LabCos’ treatment of revenue was reasonable; however, they should have changed revenue recognition principles sooner. In this situation, there...

Accountancy, Contract, Contract price 1512  Words | 5  Pages

### Skywest Case Study

Industry in 2009 Strategic Profile and Case Analysis Purpose: The US regional airline industry like any industry has experienced some major pitfalls that can be attributed to the current economic global downturn. As a result, major stakeholders in the industry are looking for better strategies to cope. Among the pressing challenges are; the increasing and fluctuating cost of fueling the jets, the prohibitive costs of acquiring funds to purchase new jets, the intense competition among the major...

Airline, Avianca, Bombardier CRJ700 1918  Words | 6  Pages

### Computer Simulation

COMPUTER- AIDED DECISIONS “COMPUTER SIMULATION OF HUMAN THOUGHT” What is Computer Simulation? A computer simulation or a computer model is a computer program that attempts to simulate an abstract model of a particular system. Computer simulations have become a useful part of mathematical modeling of many natural systems in physics, chemistry and biology, human systems in economics, psychology, and social science and in the process of engineering new technology, to gain insight into...

Computer graphics, Computer simulation, Data warehouse 1800  Words | 6  Pages

### Case Study

CASE NO.1 : A DELIMA Company Background Delima Enterprise it conducted trading and supplying related products including manpower supplies to the oil and gas industries. Since 2006, the company had been awarded with several engineering projects and its cumulative revenue for 2004 and 2005 were nearly RM1.0 million and RM1.7 million. In May 2006, the company had secured a contract worth RM750, 000 to be implemented over duration of six months. Due to shortage of funds, the company had submitted...

Accounting software, Accounts payable, Accounts receivable 852  Words | 3  Pages

### Busn Simulation Case

JOhnson beverage inc | Johnson Beverage Inc | Case Analysis | | Holly Redden, Claudia Nunez | 11/7/2012 | An in depth analysis of the current costing methods used by the beverage distribution company, Johnson Beverage Inc. | Table of Contents: Executive Summary…………………………………………………………………………………………………………………………………1 Problem Statement………………………………………………………………………………………………………………………………...1 Analysis …………………………………………………………………………………………………………………………………………………..1 Impact Analysis ………….…………………………………………………………………………………………………………………………...

Cost accounting, Costs, Customer service 1666  Words | 6  Pages

### Revenue Recognition

Revenues are realized when goods and services are exchanged for cash or claims to cash (that is, receivables). Revenues are realizable when assets received in exchange are readily convertible to known amounts of cash or claims to cash. Revenues are earned when the entity has performed its duties to be entitled to compensation. There are 4 main transactions of this kind: Revenue from selling inventory is recognized at the date of sale (usually interpreted as the date of delivery). Revenue from...

Balance sheet, Contract, Cost of goods sold 858  Words | 3  Pages