Biovail Business Memo In 2003 Biovail Corporation announced that it will miss its 3rd quarter earnings target by $25-$45 million‚ attributing $10-$15 million to a recent shipment loss. Being one of Canada’s largest publicly traded pharmaceutical companies with stock listed on both the Toronto and New York stock exchanges‚ the news raised concerns in the financial circles over the company’s accounting practices. Even Biovail’s claim that the shipment loss presented a revenue value of over $10 million
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Sub issue: Other than having fraud conducting of revenue recognition‚ Biovail Corporation also has overestimated the amount of Wellbutrin XL on the truck. The company estimated that revenue associated with this shipment was in the range of $10 million and $20 million and confirmed that the manufacturing cost value of this shipment had been fully insured. The trooper estimated that the truck was about one-quarter full. After the investigation done‚ the analyst stated if there had been $20 million
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Analysis of Kevin Wilson’s “Worst-Case Scenario” and “Blowing Up on the Spot” Everyone has a sense of longing in life‚ but there are some people who can never see the good in it. The book‚ Tunneling to the Center of the Earth‚ written by Kevin Wilson‚ has two short stories that show the best example of this: “Worst-Case Scenario” and “Blowing Up on the Spot.” These first-person stories tell us of two men who are always waiting for the worst thing to happen. In “Worst-Case Scenario‚” the narrator tells
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truckloads of product are actually required to carry $10 million of product? Show your calculations. A) Find the volume of the truck: Interior dimensions of the truck = Interior volume of the truck = = B) Find the manufacturer price (Biovail) for one tablet: Wholesale price for one tablet = $2.83 Distributor price for one tablet = Producer price for one tablet = [Since Wholesale margin is 35%] [Since Distributor mark-up is 400%] = $0.3679 C) Find no. of tablets
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University of Phoenix Material Case Scenarios Read the following scenarios. Answer‚ in a 50- to 100-word response‚ each of the following questions: Scenario 1 Sophia has been removed from her family and placed into foster care for the second time in the last 2 years due to her mother’s ongoing substance abuse. Sophia has missed many days of school and often comes to school dirty and wearing clothes from the day before. Sophia’s mother does not think she has a problem and blames the system
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University of Phoenix Material Case Scenarios Read the following scenarios. Answer‚ in a 50- to 100-word response‚ each of the following questions: Scenario 1 Sophia has been removed from her family and placed into foster care for the second time in the last 2 years due to her mother’s ongoing substance abuse. Sophia has missed many days of school and often comes to school dirty and wearing clothes from the day before. Sophia’s mother does not think she has a problem and blames the
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Case Scenario In this case scenario I will be using a fictional character Mrs Thomas to help me encapsulate everything that happens during the admission process of a service user. Covering a wide spectrum of other scenarios during this process and showing how the home would deal and resolve them. Also making sure I put all the correct policies and procedures into place‚ alongside risk assessment‚ Health and Safety aspects and meeting the service user’s needs. A needs assessment will be carried
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make -up determine if a person is predisposed to certain diseases like diabetes‚ but the environment at which such an individual is growing up in usually‚ affects him or her more than the genetic make-up (Anastasia‚ 1958). The environment in this case involves the diet and nutrition which will improve the chances of living longer hence influencing the development of the person. Different people come from different environments and backgrounds as
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Best Case Scenario cost times for(int i=0; i< arr[pos_min]) c4 n^2-1 pos_min = j; c5 0 if(pos_min != i) c6 n^2-1 temp=arr[i]; c7 0 arr[i]=arr[pos_min]; c8 0 arr[pos_min]=temp; c9 0 c1n + c2(n-1) + c3n^2 + c4(n^2-1) + c5(0) + c6(n^2-1) + c7(0) + c8(0) + c9(0) = (c3 + c4 + c6)n^2 + (c1 + c2)n - (c2 + c4 + c6) This is quadratic an^2 + bn + c --------------------------- Worst Case Scenario cost times for(int i=0; i< arr[pos_min]) c4 n^2-1 pos_min = j; c5 n^2-1 if(pos_min
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should the company recognize revenue based upon the two possible FOB structures mentioned in the case? In order to recognize revenue‚ there are four conditions must be met as according to GAAP. First‚ there must have persuasive evidence of an arrangement exists. Although the case does not provide extra information in this aspect. It seems clear that there is an ongoing relationship between Biovail and the distributor and that certainly there was a bill‚ purchase order and/or invoice in order
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