Discounts and allowances

The chart of accounts is a “system of accounting records developed by every organization to be compatible with its particular financial structure, and in agreement with the amount of detail required in its financial statements” (BusinessDictionary.com, 2015a). When a business spends or receives money for items, a chart of accounts (“COA”) is used to define and classify said items. In other words, COAs are used to segregate the finances of a business. For the purpose of this essay question,…

Financial Statement Project - Goodyear Goodyear Tire & Rubber Company follows in accordance with Securities and Exchange Commission 's rules and its Regulations, and contains all the related adjustments important to present its result of operations and cash flows and its financial position in the market. In the year of 2015, the Net Sales went to $16443 million but the Net Income for Goodyear and Shareholders went up to $ 307 million. Majorly into Tire manufacturing, its sales and distribution,…

An Industry is defined as a group of competitors producing and selling similar products or services (Book). Auto Zone has positioned itself in the aftermarket auto parts business where the traditional business model has been to build many brick and mortar locations in communities of all sizes in order to have the widest customer base possible. The aftermarket auto parts industry is one that can include many different competitors that may or may not operate off the same retail business model as…

The inpatient reimbursement plan for Medicare Part A is based off the payments for operating costs that are related to inpatient stays in hospitals under the Medicare Part A rates. The rates are defined under the payment system as inpatient prospective payments. The rates are configured by using a mathematical configuration of determining the inpatient reimbursement. The rates are configured as a base payment rate, and then divided to split the labor related share and the non-labor share. Once…

Cassidy Donelan Professor Henry BACC 3110 15 October 2015 Case #1 – Aetna, Inc.’s Critical Accounting Policies Critical accounting policies for firms or industries are policies having a high level of subjectivity, bearing a material impact on financial statements. These estimates, required by the Securities and Exchange Commission (SEC) are outlined in the Management’s Discussion and Analysis (MD&A) section of each company’s 10-K filing as of 2002. The SEC, in requiring these estimates to be…

4 P’s marketing strategy consists of four elements which are product, price, place and promotion. This marketing mix has been used widely to sell the products. According to (Hoo, 2008) the marketing mix purposely used to influence consumer choice making and lead to profitability modifications. Means that marketing mix have power to influence people in buying products and lead to increase of profit. However in private label brand, the hypermarket or stores is tend to use the different 4 P’s for…

Cruise Tip #1 - Book your next cruise while still aboard the ship. Carnival cruises will many times offer great incentives and discounts when you take advantage of this offer. Many ships will have an agent on board to serve you with significant savings and credits to passengers who take advantage of this great option. You always have the option to alter or cancel the reservation if your plans happen to change. Carnival cruises will allow you to alter the reservation with no penalty if it is done…

product or service. The promotion variable of the marketing mix includes sales, advertising, sales force, public relations, and direct marketing. The price variable of the marketing mix includes listing price decisions of a product or service, discounts, allowances, payment period, and credit terms. | Topic:…

Allowances and provision are also made for expected returns as essential. • Revenue from the provision of selling goods online: revenue is recognized at the point when the risks and rewards of the inventory have dispatched to the customers. Question 3. Describe…

The “Bottom Line” The income statement shows how much revenue a company earned over a defined period (typically a year or a quarter), plus the costs and expenses related to generating that revenue. The “Bottom Line” demonstrates net earnings or losses over the period. Income statements also show earnings per share (EPS). EPS shows how much money shareholders would receive if all of the net earnings for the period were distributed. (A highly unlikely occurrence; they’re usually reinvested.)…