...EXPOSURE DRAFT “REVENUE FROM CONTRACTS WITH CUSTOMERS” Name Institution Honest & Blonde Address Telephone number TeleFones4U Address: Telephone number: 7 October 2014 Exposure Draft, “Revenue from Contracts with Customers” Dear Sir, It is our pleasure to provide our response and comments on the new exposure draft, which is on “revenue from contracts with customers” that was published by the FASB (Financial Accounting Standards Board) in the year 2011. TeleFones4U being one of the biggest telecommunication industry, it is with our great concern to bring your attention to some of the critical points in the new exposure draft. One of the concerns is based on the impact of the proposed revenue recognition model. As a business entity just like any other business firm, it is of our great interest to comment on the implication of this new model on the reliability of our financial information. From the new model, TeleFones4U plus other telecommunication operators are required to comply with proposed transactional price reallocations as well as the cost of acquiring contracts. These issues will have great negative impacts on our business as a telecommunication operator. These concerns are as illustrated below: a) Inquiry for further clarification as well as guidance b) Allocation of discount c) The basis for allocation d) Contract acquisition cost Checking on the feedbacks that have been provided by other telecommunication operators, it is clear...
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...Local government report by the Comptroller and Auditor General Local government Impact of funding reductions on fire and rescue services NOVEMBER 2015 Our vision is to help the nation spend wisely. Our unique end-to-end view of public sector service delivery allows us to provide commentary, advice and insight to local authorities to help achieve the best use of resources and improve public services. The Comptroller and Auditor General (C&AG), Sir Amyas Morse KCB, is an Officer of the House of Commons, independent of government and leads the NAO, which employs some 810 people. The Local Government and Accountability Act 2014 provides for the C&AG to conduct examinations into the economy, efficiency and effectiveness with which local authorities have used their resources in discharging their functions. The C&AG may publish the results of such an examination in such manner as he considers appropriate. Local government Impact of funding reductions on fire and rescue services Report by the Comptroller and Auditor General This report has been prepared and published under Section 7Z(A) of the National Audit Act 1983 as introduced by the Local Audit and Accountability Act 2014 Sir Amyas Morse KCB Comptroller and Auditor General National Audit Office 2 November 2015 This report examines comparative patterns of change in income, spending and financial and service sustainability across fire and rescue authorities since 2010-11. © National...
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...Marketing Management Assignment –Case Analysis #1- TiVo 1. What is TiVo? Tivo is a digital recorder that helps viewers to take control of what they watch. The features of Tivo are recording programs as per viewers’ request, suggesting the programs according to viewers’ habits, ability to skip commercials, and so on. What factors facilitate its adoption? a. Recording the programs – easy to record, stop, rewind, and schedule recording the shows. b. Skip the commercials – empowering the viewers to take control of what they are watching. c. Electronic program guide (EPG) TiVo applies i) Previews for shows to schedule recording easily with one push of button. ii) Season pass- by pressing a “thumbs up” and “thumbs down” button, users can specify their favorite show and then TiVo will record them automatically. iii) Suggestion- TiVo can track users’ preference and make suggestions. What factors made adoption difficult? a. Retail execution- Salesmen in distributors turned over fast which made it hard to train them explaining to customers properly. In addition, there were various ways for salesmen to sell TiVo. b. Pricing- the price seemed too high to be accepted by customers. c. Awareness- the degree of awareness for TiVo remained weak and consumer remained inert because it is not their priority to improve TV viewing. Who is TiVo best suited for? According to the research, TiVo users mostly consisted of members who...
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...in the presence of people than when alone. Triplett 1898 found that cyclists rode faster when racing together than when alone because of the competitive element. He also tests this with children and how long it took them to turn a fishing wheel 150 times. Sometimes they were alone and sometimes together, and found that many children worked in co-action CO-ACTION- people working together on the same task. Allport also found college students work in co action completing more multiplication problems together and when Chen looked at ants he found they dig 3 times as faster Allport said that competition is not always affects us if we do better and that sometimes it could just be the presence of an audience that could result in social facilitation. Though audience effect could also affect people in a negative way and cause them to do worse, this is known as social inhibition. AUIDENCE EFFECT – the impact of the individual task performance of the presence of an audience SOCIAL INHIBTION- The tendency for an individual to perform less well in the presence of others than when alone. AROUSAL THEORY OF SOCIAL FACILIATION Zajonc said that arousal acts as a drive that will bring out the most dominant response. In an easy or well-practised task our dominant responses tend to be correct so social facilitation occurs but in a unfamiliar task the dominant responses tend to be incorrect so social inhibition occurs. DOMINANT RESPONSES- the response which is most likely to be given in...
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...If I were a prisoner in a concentration camp would I forgive the soldiers? Simon Wiesenthal explains the reality of a fifty year old decision that continued to make him question his response to Karl’s plea for forgiveness. When Wiesenthal was throwing away rubbish at a hospital that was his old school, a nurse came up and asked him simply “Are you a Jew?”. He is then escorted to a young dying SS Soldiers bunk. The Soldier recalls all of the evil he has seen and committed and asks Simon to forgive him. Once done, Simon stands up and leaves Karl with silence to his question and reflects fifty years if he did the right thing. Comparing the responses of José Hobday, Hubert G. Locke, including my own to try to answer Wiesenthal’s question of “What would I have done?”. I would forgive but not forget....
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...Communication can be defined according to the Merriam Webster Dictionary as sending and receiving messages. Communication has several forms. Could be verbal, written, or visual. Verbal communication includes oral messages; whereas nonverbal communication or Demonstrative communication includes body language, or facial expressions. Written communication can be done through e-mails, text messages, reports, etc ----- Demonstrative communication includes nonverbal and unwritten communication. Demonstrative communication entails sending and receiving wordless messages (Nayab, 2010). Demonstrative communication such as Facial expressions, tone of voice, and body language are often used to reinforce verbal communication, and it can stand alone impact the message on its own. Facial expressions. For example, when a person meets someone, they can tell if the other person is friendly or not. Not just by saying hello; but because they smiled or not, speak cheerfully, and face him or her when they are talking to them. when it comes to body language; it becomes a little trickier because not everyone is good at reading the other people’s body language. For example, if you are talking to someone and they keep looking at their watch; you know that this person might be in rush or the conversation is not interesting him. Also, if you are talking to someone and they keep wondering or day dreaming and when someone asks “do you see what I mean?” If the answer was “yes” then the other person...
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...World Trade Center and the Pentagon: the Constitution vests the President with the power to strike terrorist groups or organizations that cannot be demonstrably linked to the September 11 incidents, but that, nonetheless, pose a similar threat to the security of the United States and the lives of its people, whether at home or overseas. In both the War Powers Resolution and the Joint Resolution, Congress has recognized the President's authority to use force in circumstances such as those created by the September 11 incidents. Neither statute, however, can place any limits on the President's determinations as to any terrorist threat, the amount of military force to be used in response, or the method, timing, and nature of the response. These decisions, under our Constitution, are for the President alone to make. Our President, leader, Commander in Chief, is the person that is designated to make these decisions, directions, plans, and enforce an alliance when certain boundaries have been crossed, in an instant everything that we have and know to be true, CHANGES. Since, the era of radical leaders, activist, terrorist, and insane people with weapons of mass destruction and uncountable followers we have cringed at the thought of an attack that could wipe out an entire state in seconds. The idea is that with the US...
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...Rosales Chairman, ExtremaLab Technical Review Committee 1 Crown Plaza, Suite 400 Makati City Dear Dr. Rosales: Enclosed is the proposal for upgrading SPASM-D modeling and analysis capabilities in response to SPASM-D technical report TR-19335 requirements. This upgrade is required to accomplish advanced modeling and analysis of the QuadFINKEL figure skating jump in accordance with the International Olympic Committee (IOC) tasking under IOC -135549. For Additional information, please contact Edward R. Ronaldson, Ph. D., Director of Systems Engineering, SPASM=-D, at ext. 445, or email: eronald@ExtremaLab.com. Sincerely yours, Evan J. Sunico Chief, Modeling and Analysis Upgrading, Modeling and Analysis Capability of QuadFINKEL Skating Jump A Proposal by Evan J. Sunico Chief, Modeling and Analysis For Dr. Albert M. Rosales Chairman, ExtremaLab Technical Review Committee 1 Crown Plaza, Suite 400 Makati City September 9, 2012 Proposal for Upgrading, Modeling and Analysis Capability of QuadFINKEL Skating Jump I. INTRODUCTION 1.1 Purpose This document proposes a general system upgrade for ExtremaLab’s Sports Analysis Measurement Division’s (SPASM-D) computing capabilities. This upgrade is necessary to enable Extremalab’s response to the International Olympic Committee’s (IOC) tasking for modeling and analysis of the QuadFINKEL figure skating jump. 1.2 Background The quadFINKEL figure skating jump is so demanding that...
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...NOTES IN INFANT CARE AND FEEDING STAGES OF DEVELOPMENT * Infancy – birth until age 1 * Toddler stage – from 1 to 3 * Preschool stage – from 3 to 6 * School age – from 6 to 12 * Adolescents – from 12 to 19 THEORIES OF DEVELOPMENT # PSYCHOSOCIAL DEVELOPMENT ( ERIK ERIKSON) THEORY | AGE | TASK | TRUST VERSUS MISTRUST | 0-1 | The child develops trust as the primary caregiver meets his needs | AUTONOMY VERSUS SHAME AND DOUBT | 1-3 | The child learns to control his body functions and becomes increasingly independent, preferring to do things himself | INITIATIVE VERSUS GUILT | 3-6 | The child learns about the world through play and develops a conscience | INDUSTRY VERSUS INFERIORITY | 6-12 | The child enjoys working on projects and with others, and tends to follow rules; competition with others is keen, and forming social relationships takes on greater importance | IDENTITY VERSUS ROLE CONFUSION | 12-19 | Changes in the child’s body are taking place rapidly, and the child is preoccupied with how he looks and how others view him; while trying to meet the expectations of his peers, he’s also trying to establish his own identity | # COGNITIVE DEVELOPMENT ( JEAN PIAGET) 1. SENSORIMOTOR STAGE ( birth to age 2) * The child progresses from reflex activity, through simple repetititve behaviors, to imitate behaviors. Concepts to be mastered include: * OBJECT PERMANENCE – the understanding that objects and events continue to exist, even when...
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...at least once a month. The prices at the concession stands are extremely high and this can create a problem for consumers during their movie experience. For an adult combo of a large soda and large popcorn is $12. The tickets alone $9.50, and there’s extra fees for movies that are on 3D and the also for movies that play at the Ultrascreen/VIP. Nowadays consumers feel pressured to decide whether or not it’s worth it to pay for food at movie concession stands. 2) The best type of research design for this case would be to find out directly from the consumer how they feel about the concession stand prices. The majority of consumers attends the theaters and skips the concession stands; some even sneak in snacks that they bring from home. Instead of assuming which consumer group is more likely to skip the concession stand (many believe to be consumers with children), finding our directly from the consumer will provide a more accurate result. 3) When consumers are purchasing their movie tickets the movie employee can ask them to fill out a survey. It will be a short survey that will consist of a few questions, which will focus on the concession stand prices. Since us already conducting our research in high concession prices, we could offer a coupon for them to utilize at the concession stand once they complete the survey. This will continue sales for the concession stands and consumers are most likely to go to the concession stand when a discount is offered to them. Another way to...
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...the entire town found out about her sin. Dimmesdale was extremely guilty that Hester went through the humiliation alone. He wanted Boston to know his part in the affair but also did not want his parish to reject his teachings. Reverend Dimmesdale was...
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...experience d. Those occurring as a result of fatigue An important aspect of the definition of learning is that the learned behaviour a. is a result of experience. b. is present in all adult members of the species. c. must be adaptive for the organism. d. must be observable. Birds' migration and salmon's spawning are not considered learned behaviours, because they a. are not relatively permanent. b. do not result from experience. c. have not been reinforced. d. are not always overt. Which of the following would be an example of learning, according to the definition in the text? a. Now that he is six feet and three inches tall, Michael can dunk a basketball. b. Andy rides his bicycle without training wheels for the first time. c. The newborn calf stands up and begins to walk. d. A spider spins its first web. Classical conditioning was most thoroughly researched by a. B.F. Skinner. b. Albert Bandura. c. Ivan Pavlov. d. John B. Watson. 2. 3. 4. 5. 6. 7. 1 8. The discovery of classical conditioning has been attributed to a. Sigmund Freud. b. J.B. Watson. c. Ivan Pavlov. d. B.F. Skinner. In his investigation of classical conditioning, Ivan Pavlov found that dogs a. refused to eat food that they had seen make other...
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...Appropriate Emotional Response Infancy As infancy stage goes to the age two and expression of emotions can take many changes such as, Happy they will smile, laugh versus frowning, or crying; Sadness brings tears, frowns versus giggling, or cooh's; Fear will show by frowning eyes, cry's versus bouncing with excitement; Pride will show smiles, excitement versus no expression, or care. Early Childhood In early child stage (2-6) the expression of emotions would be much the same as infancy with a little more emotion. Happy they may giggle, spin around, dance versus frown, or withdraw from a happy event; Sadness can expect tears, need to be comforted versus lashing out aggressively; Fear comes attachment to mom or dad, hide, back away versus anger, or aggression; Pride the need to show off and share accomplishments versus shy or not wanting to stand out. Middle Childhood In the middle childhood a child’s emotions maybe Happy as they talk and laugh with friends versus isolation, or maybe overly quiet; Sadness could bring withdraw, the need to be alone versus feelings of glad, or excitement ; Fear avoids what causes this emotion versus aggression towards it; Pride comes sense of self worth versus feelings of worthlessness. Adolescence Happy is expressed in many ways from outgoing, social versus isolation, and withdraw from peers; Sadness can bring depression, need to be alone versus anger, self destructive behavior, or an extreme high of no care;...
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...bus, which exhibits loyalty to black Americans and bravery to stand up for her rights. The first attribute of a true hero is bravery, whether it is fighting monsters or fighting for rights; which are displayed in Beowulf’s battle with Grendel and Rosa Park’s battle against discrimination. Beowulf demonstrated bravery when he found himself ambitious to defeat Grendel. Bravery was also shown when Beowulf used hand-to-hand combat to fight Grendel, who was indestructible to any weapons and Beowulf decide that he shall fight Grendel without any weapons. “I have heard, Too, that the monster’s scorn of men Is so great that he needs no weapons and fears none. Nor will I… my hands alone should fight for me, struggle for life Against the monster.” Beowulf’s equal, brave battle with Grendel brought freedom to the Danes from Grendel. He was brave enough to duel Grendel with no weapons, because a brave warrior battles equally. Similarly; Rosa Park’s bravery is compared to Beowulf’s in the way that...
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...Eye Vision Inc, a long-standing medical device manufacturer, has signed a contract to sell Holland Hospital the Clear View Laser and a two-year separately priced maintenance plan for $1 million and $0.2 million respectively. On a when-and-if available bais, Eye Vision Inc. will provide software updats that is embedded with the Laser to maintainance purchasor. The software has never been sold without Laser for its functional necessity. In this memo, as explained below, we conclude that: 1. Eye Vision’s arrangement with Holland Hospital is not within the scope of ASC 985-605, Software: Revenue Recognition. 2. The deliverables in this arrangement are the Clear View Laser, embedded software, and maintenance plan, respectively. 3. The Clear View Laser together with embedded software and maintenance plan will be accounted for as separate units of accounting, respectively. 4. The laser with the embedded software will be recognized immediately. The maintenance plan will be recognized on a straight-line basis over the length of the contract. 1. Is Eye Vision's arrangement with Holland Hospital within the scope of ASC 985-605, Software: Revenue Recognition? The agreement between Eye Vision and Holland Hospital is not within the scope of ASC 985-605, Software: Revenue Recognition. According to ASC 985-605-15-4(e), subtopic ASC 985-605 does not apply to transactions and activities for "software components of tangible products that are sold, licensed, or leased...
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