involving equipment and an extended warranty contract. Revenue from warranty has to be recognized when a period of a warranty is fulfilled. It would be wrong to consider revenue from the sale of an extended warranty or product maintenance contract at the time of sale since the company is still liable or obliged to the customers with the warranty. All are major elements of Partial Revenue Recognition on the sale of extended warranty and product maintenance contracts were applied in the Circuit City case
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before the contract is awarded. Following up references at selection stage may reveal previous implementation or service delivery problems, and authorities are entitled to reject bidders who do not have the capacity and standing to perform the proposed contract. At the invitation to tender stage, consider asking potential suppliers how they will react when faced with problems such as a shortage of staff or suppliers and what steps will they take to mitigate this to ensure that the contract is delivered
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Product Liability (Music) [00:08] Whatever kind of equipment you buy, you expect it to work for the purpose intended. [00:12] By selling or leasing an editing system to Quick Takes Video, Non-Linear Pro is implying that the system can be used to edit video. [00:20] How well it performs is another question. [00:23] So… you know, Hal thinks that this Non-Linear editing system is going to cut the time on every project in half, [00:31] but since everything’s got to be digitized first, it, ah, may
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DocuSign Envelope ID: 05C6A373-4926-4784-B68B-C903F6FDBB43 Application Fee Waiver This application fee waiver form is required for applicants for whom an application fee is waived. These applicants may submit an application for admission without the normally required fee. Please check the applicable waiver type from the list below: Promotional Event (name) “Waived” must be entered in the “Fee Paid” reference field in Banner. Promotional waivers are prohibited in AL, AK, AR, AZ, CT, FL, GA, NM
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Canyon HLT-520 August 14, 2013 Hospitals are on a rise with entering into exclusive contracts with physicians to operate departments within the hospital. Physicians that are not in an exclusive contract are forbidden from performing the covered services. Physicians that are not in exclusive contracts they are terminated or services are being reduced. Exclusive contracts are negotiable. There are five important critical issues that should not be overlooked when negotiating
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ACME Super Duper Stereo Systems * 123 First Street * Phoenix, AZ 85040 * 520-777-1212 November 3, 2013 John Smith 123 Main Street New York, NY 10001-0000 Dear Mr. Smith: Refund Request of October 29, 2013 First let me begin by expressing our appreciation for your loyal business over the past 3 years. It is a pleasure to serve you. I have personally looked into the situation surrounding your request for refund. I found that you purchased the ACME Super Duper Stereo System
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This case is an example of revenue recognition for extended warranty contracts. The parties involved are Crazy Computers (CC), a third-party insurance company (TPI), and a wholly owned captive insurance company (CIC). The problem in this case is whether or not Crazy Computers should recognize commission revenue at the time of sale of the extended warranty contract if CIC reinsures the contracts with TPI. The FASB authoritative standard that applies to this case is ASC 605-45 (Revenue Recognition:
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familiar with the Air Force contract on which troubles were experienced, but until recently this was somebody else’s problem. Significant delays and disruptions were experienced on the Contract resulting in significantly increased costs and customer dissatisfaction. Your company submitted an REA and, after fact-finding, auditing and negotiations the Air Force Contracting Officer issued a final decision denying every aspect of your company’s REA and offering no contract price adjustment. Shortly
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be enforced because it is seeks to immunize Lake Gaston Sales from any negligence. Similar to the Ransburg V. Richards case. 2. Albert Voorhees was hired as a salesman for Guyan Machinery in West Virginia. Upon hire he was required to sign a contract that would require him, if he left, to not work for a competitor within 250 miles of West Virginia for a period of two years. Noncompete clauses are generally reasonable if they are necessary to protect trade secrets, confidential information and
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TYPINGMASTER, INC. SOFTWARE LICENSE AGREEMENT IMPORTANT--READ CAREFULLY By installing this software, you indicate your acceptance of the following TypingMaster, Inc. Software License Agreement. Product: TypingMaster Pro A. LEGAL AGREEMENT This is a legal agreement between you (either an individual or an entity) and TypingMaster, Inc. By installing and using the SOFTWARE you agree to be bound by the terms of this Agreement. B. TERMS OF LICENSE 1. GRANT OF LICENSE. This License
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