By following the matching principle all of the costs associated with a particular product, not just its wholesale price, is expensed when the item is sold. Requirement 2 - A Generally, the lower of cost or market method is used to value inventory in order to “avoid reporting inventory at an amount greater than the benefits it can provide” (Spiceland, Sepe, & Nelson, 2013, p. 476). According to Spiceland, Sepe, and Nelson (2013) the “change in replacement cost usually is a good indicator of the direction of change in selling price” (p. 477). When the change in replacement cost is negative the LCM method allows companies to apply the conservatism principle. The conservatism principle involves “recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but to only recognize revenues and assets when they are assured of being received” (The conservatism principle).
It establishes a selling price hierarchy for determining the selling price of each product or service, with vendor-specific objective evidence (VSOE) at the highest level, third-party evidence of VSOE at the intermediate level, and a best estimate at the lowest level. It replaces “fair value” with “selling price” in revenue allocation guidance, eliminates the residual method as an acceptable allocation method, and requires the use of the relative selling price method as the basis for allocation. It also significantly expands the disclosure requirements for such arrangements, including, potentially, certain qualitative disclosures. ASU 2009-13 will be effective prospectively for sales entered into or materially modified in fiscal years beginning on or after June 15, 2010 (i.e., the year beginning January 1, 2011, for us). The FASB permits early adoption of ASU 2009-13, applied retrospectively, to the beginning of the year of adoption.
The trainers will share a room with two queen beds at the cost of $60.00. Managers will also be paired up to share a room at the cost of $540.00 for nine rooms with each room containing two queen size beds. The banquet room will cost a total of $1,200.00 for the two days. The cost of the audio/video equipment has been included in this price as the hotel has its own equipment which will be suitable for our training sessions. Since the hotel offers a free continental breakfast, there will only be a cost for lunch and the dinner vouchers.
Therefore it is fundamental that the company acquire an insurance policy with enough coverage for partial hull damages and total hull losses that doesn’t boost overall costs unjustifiably. The main purpose of this management report is to establish the best alternative to self-insurance by the company, given the three possible options: Continue as self-insured, Quote one, and quote two. These options are examined based on the following probabilities than an event actually happens. 1. Probability of 0 total hull loss in a given year 2.
Cross-product cost subsidization is charging higher prices for one group of products in order to charge lower prices for another group. The defendant’s averaging approach averaged the monthly indirect costs generated by the gasoline service center evenly to each of the three different grades of gasoline. By using the averaging approach appropriately, BuyGasCo would have to sell equal parts of their three different grades of gasoline. The judge saw the flaw in the defendant’s average costing approach and decided to agree with the plaintiff’s indirect cost attribution approach. 2.
This leads to a price of 10 + 8 + 6 = 24 because the first stick was of 10 m, the resulting stick of 8 m, and the last one of 6 m. Another choice could cut at 4, then at 2, then at This would lead to a price of 10 + 4 + 6 = 20, which is better for us. Your boss demands that you design an algorithm to find the minimum possible cutting cost for any given stick. 7) Interleaving of Strings For bit strings X = x1 ... xm
FIN 540 Midterm Exam 100% Correct Answer http://www.homeworkarena.com/fin-540-midterm-exam-100-correct-answer Question 1 Which of the following statements is most CORRECT? The primary rationale for most operating mergers is synergy. Question 2 Which of the following is generally NOT true and an advantage of going public? Question 3 Which of the following statements is NOT Question 4 Which of the following statements about valuing a firm using the APV approach is most Question 5 Which of the following statements is most CORRECT? Question 6 Financial Accounting Standards Board (FASB) Statement #13 requires that for an unqualified
iii) Indifference Curves Are Convex To The Origin – As the amount of Good X increases by equal amounts, Good Y will reduce by smaller amounts. iv) Indifference Curves Do Not Touch The Horizontal Or Vertical Axis – The basic assumption of the consumer buying two goods in combination would be violated if the curve were to touch either
Luxury 2. Upscale 3. Extended stay- (7-10 days) kitchenette, mini apartment 4. mid price will food service- restaurant/ room service 5. mid price with limited food service 6. economy/budget * **OVERNIGHT ACCOMODATIONS** 1. EUROPEAN PLAN- no meals included 2. AMERICAN PLAN-all meals included in one price- resorts 3.
Companionship Bathing Grooming or dressing Incontinence Transfer assist yes yes yes yes yes no no no no no Vacuuming Dusting Clean bathrooms Clean kitchen Bed linen changes yes yes yes yes yes no no no no no Laundry Grocery shopping Cooking Driving Medication reminders yes yes yes yes yes no no no no no Additional Information Times you are available to work Number of hours you would like to work each week? Times you are not available to work Date you can start Desired pay A driver’s license and proof of insurance will be required at time of hire. Do you have dependable transportation? How did you learn of this position? yes Internet no Newspaper Foreign languages: proficiency to speak, read or write?