Shamma Al Rathy Essay Example | Topics and Well Written Essays - 750 words

Shamma Al Rathy - quiz Exampleill be charged for the architects function instead of at cost, significantly increase the federations assets and, correspondingly, the sh beholders rightSuch unbilled receivables may mislead if they include also uncompleted stages of the projects.It would be recomm displaceed to reflect the projects at cost. At the end of reporting period ongoing projects should be evaluated, percentage of their completion estimated, and corresponding tax recognized.6. support CouponsFrom consumers point of view these coupons add value and promote purchase of coffee, so cost of redeemed coupons should harbor to the sales revenue of coffeeGiven that the company can reasonably estimate from previous consider percentage of the coupons that pull up stakes be redeemed in the future and that the sale of promotion coffee has already been maid, allowance for the 10% of outstanding coupons should be employ to the 2004 sales revenues for coffee.7. Travelers ChecksBank re cords 1.5% fee as its revenueAmerican Express records increase in the checks outstanding and unearned revenue.8. Product Repurchase Agreement incomplete of the manufacturers has revenue in 2004Manufacturer A should not recognize AED 600,000 as revenue because of possible purchase of the product in the future,Wholesaler B does not have revenue because compensation for its services will be paid only in July of the following socio-economic class.9. FranchisesThe initial services (training, introduction to the referral system, and foodstuffing aids) are provided during the year when the agreement is signed.75% of the receipts come from the annual fees.The company should recognize the initial dealership fee as revenue in the resembling year the agreement is signed, or allocate it amidst two or three first years. If the market becomes saturated,...Trees left to grow for one more year are equivalent to work-in-process inventory for manufacturing companies.On-going projects reflected at the rates at which the customers will be charged for the architects services instead of at cost, significantly increase the companys assets and, correspondingly, the shareholders equityIt would be recommended to reflect the projects at cost. At the end of reporting period ongoing projects should be evaluated, percentage of their completion estimated, and corresponding revenue recognized.Given that the company can reasonably estimate from previous experience percentage of the coupons that will be redeemed in the future and that the sale of promotion coffee has already been maid, allowance for the 10% of outstanding coupons should be applied to the 2004 sales revenues for coffee.The company should recognize the initial franchise fee as revenue in the same year the agreement is signed, or allocate it between two or three first years. If the market becomes saturated, the companys profits are likely to drop 25% in comparison with the previous year and therefore be kept at the same le vel.