...Bally Total Fitness Review * Accounting issues and effects: * Overstatement of revenue * $997.8 million - recognized initiation fee revenue over the initial period of membership * $35 million – recognized prepaid dues in the month the payment was received * $105.5 million – prematurely recognized revenue for multiple element arrangements by treating them as separate elements * Understatement of expenses * $114 million – capitalized and deferred membership acquisition costs including salaries, bank charges, NSF charges, and credit card charges * $4.3 million – improperly understated “Holiday Bonds” expense (and did not disclose the bonds on the financial statements) * $60.9 million – overstatement of goodwill * Auditor: Ernst & Young * Time period: 1997-2003 * Accounting principles not followed: * Overstatement of revenue * GAAP prohibits the recognition of revenue from initiation fees immediately, they should have been recognized over the entire membership life * GAAP requires that the prepaid dues be deferred and recognized as it is earned * GAAP requires that revenue from multiple elements be treated as a single element * Understatement of expenses * GAAP requires that costs related to the acquisition of the contract can be capitalized and amortized, all other costs should be expensed as incurred * GAAP requires that...
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...Introduction to Programming with Python 1 Outline Introduction to Python Operators & Expressions Data Types & Type Conversion Variables: Names for data Functions Program Flow (Branching) Input from the user Iteration (Looping) 2 What is Python Python is both an interpreted, general purpose, open source, cross-platform, high level programming language. Python uses an interpreter. This is a software program that convert Python code to machine language. It is easy to jump in and experiment with Python in an interactive fashion. Compiling and interpreting Many languages require you to compile (translate) your program into a form that the machine understands. compile source code Hello.java execute byte code Hello.class output Python is instead directly interpreted into machine instructions. interpret source code Hello.py output 4 Programming basics code or source code: instructions in a program. The sequence of syntax: The set of legal structures and commands that can be used in a particular programming language. output: The messages printed to the user by a program. console: The text box onto which output is printed. 5 The Basic Pattern Most of our programs will use the basic pattern of: Get some user input Perform some algorithm on the input Provide results as output Identifiers in Python ...
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...Analysis 2 The Glo-Bus application was a very challenging and intriguing exercise.Starting out in the simulation, our team was positioned well with a good strategy and several strengths in our first couple of years. Despite thisstrong start, we struggled to adapt to the changing market conditions and adapting our strategy accordingly. Ultimately, we gained several new insights that should help us each in our future strategy formation andexecution efforts. Strategy As a co-management team we quickly formulated our plan of attack.We decided to plan weekly phone conference with all the managers of Distinguished Images. We felt that this would be the most effective opportunity for our management team to talk through our strategies andcollaborate on a plan of attack. By doing this, we were able to voice our intentions for the company and give our input as individuals to reach towardthe vision of the company as the weeks progressed. We also adopted ourcompany vision statement:“Distinguished Imaging strives to be the global market leader inreliable and technologically advanced digital cameras. We are focusedon meeting our customer’s needs for advanced technology productsand seek to be the 1st choice in digital imaging technology.”By having our vision statement early on, we were working to “be unified intoa coordinated, cohesive effort” (Thompson, Strickland & Gamble, 2008,p.15). From a strategic perspective, Distinguished Images initially sought to offer quality products at a...
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...10000 quiz questions and answers www.cartiaz.ro 10000 general knowledge questions and answers 10000 general knowledge questions and answers www.cartiaz.ro No Questions Quiz 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Carl and the Passions changed band name to what How many rings on the Olympic flag What colour is vermilion a shade of King Zog ruled which country What colour is Spock's blood Where in your body is your patella Where can you find London bridge today What spirit is mixed with ginger beer in a Moscow mule Who was the first man in space What would you do with a Yashmak Who betrayed Jesus to the Romans Which animal lays eggs On television what was Flipper Who's band was The Quarrymen Which was the most successful Grand National horse Who starred as the Six Million Dollar Man In the song Waltzing Matilda - What is a Jumbuck Who was Dan Dare's greatest enemy in the Eagle What is Dick Grayson better known as What was given on the fourth day of Christmas What was Skippy ( on TV ) What does a funambulist do What is the name of Dennis the Menace's dog What are bactrians and dromedaries Who played The Fugitive Who was the King of Swing Who was the first man to fly across the channel Who starred as Rocky Balboa In which war was the charge of the Light Brigade Who invented the television Who would use a mashie niblick In the song who killed Cock Robin What do deciduous...
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