IT COUNTRY STUDIED: NIGERIA INTRODUCTION Nigeria‚ officially the Federal Republic of Nigeria‚ is a federal constitutional republic comprising 36 states and its Federal Capital Territory‚ Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west‚ Chad and Cameroon in the east‚ and Niger in the north. Its coast in the south lies on the Gulf of Guinea on the Atlantic Ocean. There are over 500 ethnic groups in Nigeria of which the three largest
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PRICE ELASTICITY OF DEMAND (PED) & REVENUE Price elasticity of demand (PED) is particularly important to businesses‚ because of its effect on their revenue (income). Consider the following examples: 1) Mrs Robinson wants to increase her business’s revenue‚ but can’t decide whether she should increase or lower her prices. She currently charges £1 per unit and sells 1‚000 units. She knows that the PED for her product is (-) 0.4. What will happen to sales‚ sales revenue and profit if she: a) raises the
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The issue of revenue recognition practices is an area that has received a lot of attention from regulators. Whenever there is a report of financial restatements or negative earnings‚ regulators pay extra attention to review the financial statements in order to verify that that there are not any indications of financial fraud or that the organization overstepped their boundaries in the area of managed earnings. The reason that regulators have taken a special interest in financial accounting and potential
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A Theory of the Allocation of Time Gary S. Becker The Economic Journal‚ Vol. 75‚ No. 299. (Sep.‚ 1965)‚ pp. 493-517. Stable URL: http://links.jstor.org/sici?sici=0013-0133%28196509%2975%3A299%3C493%3AATOTAO%3E2.0.CO%3B2-N The Economic Journal is currently published by Royal Economic Society. Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/about/terms.html. JSTOR ’s Terms and Conditions of Use provides‚ in part
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The revenue recognition principle is a foundation of accrual accounting and one of the main principles of GAAP. The revenue recognition principle is a set of guidelines that helps accountants to identify when a revenue event has taken place and how to appropriately record cash exchanges before‚ during‚ and after the revenue event. According to the revenue recognition principal‚ revenue must (1) be realized or realizable and (2) earned‚ in order to be recognized. According to the SEC revenue is realized
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The Positive and Negative Effects of Globalization in Nigeria Globalization according to Clark and Wallace (2003) refers to a “greater interconnectedness of the world’s financial‚ economic‚ technological‚ political‚ cultural‚ sociological‚ ecological‚ and geographical systems” (p. 447). Globalization has various effects both positive and negative on the countries that choose to achieve the worldwide connection. In the case of Nigeria‚ which is classified by the U.S Department of State as a developing
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ASSIGNMENT GST 103 NIGERIAN PEOLE AND CULTURE NANRET GODFREY DIYOCK‚ REG. No. 4785 Bed 300 level 5/20/2013 QUESTION: Trace the history of Nigeria from pre-colonial era to date highlighting the leaders that rule the country at various levels‚ also indicate specific date of leadership. QUESTION: Trace the history of Nigeria from pre-colonial era to date highlighting the leaders that rule the country at various levels‚ also indicate specific date of leadership. INTRODUCTION
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Q1. How might revenue management be applied to a professional services firm (e.g. consulting)‚ a restaurant‚ and a golf course? What rate fences would you use and why? Revenue Management for a professional consulting firm:- Revenue management for a professional services firm can be applied by defining different packages for major clients‚ minor clients & new clients. Model can be adjusted as fixed price model as well as fixed plus variable cost model. This can be further differentiated with proficiency
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examine carefully some time tested procedures and the challenges the Revenue Authorities faces when mobilizing revenue. Various scholars and administrative practitioners have put out a lot of theories‚ concerns and views on GRA’s ability to mobilize revenue and how these monies mobilized are spent. Among the reasons assigned by such concerns and opinions is‚ the challenges of the GRA administration is to be blamed on inadequate revenue mobilization‚ due to lack of mission or comprehensive functional
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The economy of Nigeria is a middle income‚ mixed economy emerging market with well-developed financial‚ legal‚ communications‚ transport‚ and entertainment sectors. It is ranked 31st in the world in terms of GDP (PPP) as of 2009‚ and its emergent‚ though currently underperforming manufacturing sector is the second-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past
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