A. What are the deficiencies of the direct write-off method? The deficiency of the direct write-off method is that it fails to match the costs with the revenues in a specific period. It also does not show the net realizable value of receivables in the balance sheet. The only time that the direct write-off method is appropriate is when the amount that is uncollectible is deemed immaterial. B. What are the two basic allowance methods used to estimate bad debts, and what is the theoretical
Words: 288 - Pages: 2
Classic Airlines Marketing Solutions Classic Airlines is a company dealing with increased costs in labor and fuel costs that have resulted in a reduction of bottom line profits in 2004 of over $60 million, while only growing the revenue side by 1%. At the same time the loyalty program has decreased by 19%, and current members are flying 21% less than prior year. Overall the loyalty customers were flying less with Classic and the remaining members flew at a decreased cost in 2004, with a rate
Words: 3309 - Pages: 14
Biovail Case Assignment Questions: 1. How many truckloads of product are actually required to carry $10 million of product? Show your calculations. Given: a. 1 Wellbutrin XL tablet is estimated to be 1.5 cm3 (this includes the packing space) b. 1 18-wheeler trailer’s dimensions are: 17m x 4.5m x 2.5m Since the tablet and the trailer are using different units of measurements we need to convert the trailer dimensions to centimeters before we can calculate the volumes. a. To convert
Words: 500 - Pages: 2
Account Summary Report BUS 599 Accounting Summary Report T&T Lemonade stand consists of twin-sisters who decided to enter into a partnership by investing initial capital of $20.00 each to sell sparkling fresh, ice cold, lemonade to drink during blistering hot summer days in Florida. One of the twins, Tayshah came up with the idea and it has flourished into a prosperous adventure. They started their endeavor with a vision and determination, began from scratch, and in just short period
Words: 642 - Pages: 3
(25000) 100 Contribution margin 25000 100 LESS: Fixed expenses (15000) Net Income 10000 The above income statement shows that Shabbir corporation sold 250 calculators as 200$
Words: 686 - Pages: 3
some portion of a year). An income statement also shows the costs and expenses associated with earning that revenue. The literal “bottom Line” of the statement usually shows the company’s net earnings or losses. Investors are interested in income statement because it provides useful information or predicting future net incomes. Creditors also use this type of statement to also predict future earnings. Banks lend monies on the promise they will paid back. The income statement tells banks if there is enough
Words: 798 - Pages: 4
wanted to generate the same net income as contained in the budgeted income statement while paying a commission of 20% they would have to have sales totaling $17,142,857. Pittman Company Contribution Income statement For the month of Total Cm Ratio Sales $17,142,857 100% Less: Variable expense $11,142,857 65% Contribution margins $6,000,000 35% Less: Fixed cost $4,800,000 Net operating income $1,200,000 3 If the company wanted to generate the same net income as contained in
Words: 372 - Pages: 2
choice questions worth 90 points, you should know: 1. Know what information is desired by external users of financial statements 2. Know about operating activities, investing activities, and financing activities 3. Be able to calculate net cash provided by operating activities in a simple situation (by identifying which activities are operating activities) 4. Know the definitions of asset, liability, equity, revenue, and expense 5. Know what items appear under each classification
Words: 845 - Pages: 4
2011 Install SharePoint Server 2010 Installation and configuration for development This tutorial helps you to install SharePoint Server 2010. It shows you step-by-step how to setup requirements like Windows Server 2008 R2 including roles and features, administrative and service accounts as well as SQL Server 2008 R2. With these requirements installed you are able to deploy SharePoint Server 2010. Get more tutorials at http://sharepoint-tutorial.net/ Need a SharePoint book? http://sharepoint-book
Words: 4069 - Pages: 17
R.PRASATH (Mobile: +91-9787394443) Email: rethinaprasathmca@gmail.com Technical Summary | * Having 2 year 5 month of experience in Software development, emphasizing on the development of Windows Application and Web-based applications with 3-Tier Architecture using component based Methodologies. * Expertise in developing enterprise applications and a solid understanding of Windows and Web based Applications. * Expertise in ASP.NET technologies with C#, Windows and Web
Words: 867 - Pages: 4
