products = = 0.21 2. How should the company recognize revenue based upon the two possible FOB contract structures mentioned in the case? Explain. Under “FOB Shipping Point” contract structure: According to the definition‚ the buyer takes responsibility for the goods as soon as they leave the seller’s premises. Therefore‚ if the contract between the distributor and Biovail is “FOB Shipping Point”‚ then Biovail should recognize the revenue once the truck left its manufacturing facility in Manitoba
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year has shown an increase in profit and revenue. This has much to do with the productive way of reducing expenses and the inn gaining more recognition and consistent clientele. A clear issue the inn has faced has been has been the trouble of repaying its interest on their original investments as seen with a times covered ratio. Current Performance: The current year of 1994‚ the inn again showed a positive increase in net income‚ with a slight drop in revenue. With proper managing of expenses and
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HB 267 Cost Controls: Homework quiz Due: Thursday 10/7/14 Name ______Macie DeGraaf________________ 15 points Menu item |Number sold |Standard/budgeted portion cost | |A |580 |$4.45 | |B |285 |$6.20 | |C |600 |$4.15 | |D |200 |$6.00 | |E |475 |$5.95 | |F |320 |$7.05 | |G |545 |$6.10 | |H |200 |$6.95 | |Totals |3‚205 | | | | | | |Solve all problems for 2 decimal places (x.xx) | | | |Food sales |$57‚680.30 | | | | | | |1. Food cost $ based on standard cost figures |$17834.75 |(1 pt) | | | | | |2
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subscribers. AOL had two sources of revenue (i) online service revenue generated from customer subscription to online service‚ and (ii) other revenues from e-commerce and advertising. Rapid changes occurred in the manner in which subscription revenue was generated which shifted AOL strategy to focusing on increasing nonsubscription revenues. Nonsubscription revenues are difficult to estimate. Revenue uncertainty was combined with fierce competition. However‚ AOL’s revenue was growing rapidly (from
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Case Study Findings Exercise 1: Based on the following information‚ what are your conclusions regarding? * Is the market over or undersupplied? * Undersupplied * If so‚ by how much? * Within 10 minutes there’s 5‚004 people per 18 holes * Within 20 minutes there’s 4‚818 people per 18 holes * Within 30 minutes there’s 3‚814 people per 18 holes * Are the age‚ income‚ ethnicity‚ and population density conducive to golf? * Yes‚ the area that the course is located
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Interest Coverage Ratio: 9.5 Another reason why theinterest coverage ratio can be below 9‚ is the client’s ability to manipulate net profit through interest expense. The CFO who has responsibility on financial issue is able to increase sales revenue or reduce interest expense in the record and manipulate the sale in order to meet the interest coverage ratio even though cost has been incur so this affect the profit to decrease. Because Banks are only able to identify interest coverage ratios through
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Management Problem Problem Statement Given that D.A. Garden Supplies net profit has dropped steadily over the last 2 years‚ although gross revenue remains acceptable. D.A. Garden Supplies management must identify possible new sources of revenue‚ or possible new strategies to increase the revenue coming from current sources. While generating this revenue‚ costs need to be allocated at an optimal level as well. D.A. Garden Supplies has the potential to differentiate itself in many ways and go in
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BU227 – Financial Accounting Module 1 Provided by: Laurier SOS Things to Cover The Accounting Environment IFRS and GAAPs Accounting’s Conceptual Framework Financial Statements Overview Recording Transactions Accrual Accounting Account’s Receivable Amortization Inventory The Accounting System Financial Accounting System (preparation of four basic financial statements). Managerial Accounting System (preparation of detailed plans‚ forecasts and reports). External Decision Makers
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with the construction‚ based on costs incurred. What is the total amount of Revenue from Long-Term Contracts recognized for 2014 and what is the balance in the Accounts Receivable account assuming Cannon Cafe has not yet made its last quarterly payment? Revenue Accounts Receivable A. $4‚960‚000 $4‚960‚000 B. $4‚260‚000 $1‚240‚000 C. $4‚464‚000 $1‚240‚000 D. $4‚260‚000 $4‚960‚000 Total revenue: 14‚880‚000 x 30%=4464000; AR: the amount billed but not yet collected
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was women aged 35-54. TFC had done well in 2006 with revenue of 310 million‚ way above their expected revenue. But in 2006 more competitors had popped up on the scene and offered fashion related content. These channels‚ CNN and Lifetime‚ were not fashion only channels‚ but they had segments in their broadcast to compete against TFC. These new competitors were about to take a bite out of TFC adverting revenue. To overcome these lost revenues‚ TFC needed to either decrease the advertising pricing
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