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  • General Electric Revenue Analysis

    Revenue is the profits a company receive from sale of goods or services before any cost or expenses are subtracted; it is known as the top line on a company (Investopedia, 2016). General Electric recognizes revenue when all sales are final upon delivering or sales agreement are in place. Most of the GE multiple components are in the same agreement. GE total revenue as of December 31, 2012 was $ 146,684,000, as of December 31, 2013 was $146,045,000 and as December 31, 2014 was $148,589,000 (Yahoo Finance, 2016). The revenue for all three year had big difference; for example, 2012 to 2013 had $639,000 decrease of revenue, 2013 through 2014 we see an increase in revenue of $2,544,000 (Yahoo Finance, 2016). General Electric revenue from 2012,…

    Words: 710 - Pages: 3
  • The Importance Of Revenue Recognition For A Travel Agency

    businesses use different accounting for its economic transactions and recognize its revenue at different stages. Generally, revenue must be recognized when goods or services are delivered to the customer with the determined amount that customer agreed to pay. The Airline Company and Travel Agency are both in service business; however, the differences are in recognizing revenue. The firm should consider several factors when determining the amount of revenue to recognize by asking as the sale…

    Words: 1064 - Pages: 5
  • Gift Card Revenue Recognition Case Study

    one of the new rules provides guidance for gift card revenue recognition: when to recognize the income comes from the advance sales of gift cards. For tax purposes, taxpayers can choose either the cash or the accrual method of accounting. If the cash method is used, the income from advance sales of gift cards will be recognized in the same period. For the accrual method, the income might not be recognized in the same year it received. Since some gift card sales redeemed with another unrelated…

    Words: 1097 - Pages: 5
  • Internal Revenue Code (IRC): Case Study

    In 1971, the United States Congress enacted the Section 7216 (§7216) of the Internal Revenue Code (IRC) (IRS, 2015). This provision served to prohibit unlawful disclose of tax return information by tax preparers (IRS, 2015). The purpose of this paper is to use the information provided in §7216 in concordance with the case of John Jones, CPA, to determine if confidentiality has been broken and is punishable by law. This paper will begin with a brief discussion of the statutes laid out in IRC…

    Words: 720 - Pages: 3
  • Internal Revenue Code Section 1221 Case Study

    The Internal Revenue Code states that there is an allowed deduction for all ordinary and necessary expenses paid or incurred during the taxable year in order to carry on a trade or business. IRC § 162(a). The Internal Revenue Code also states that a capital asset is property held by a taxpayer, whether or not connected with the taxpayer’s trade or business and lists exclusions from the general definition. IRC § 1221(a). Code section 163 states that all interest paid or accrued within the taxable…

    Words: 854 - Pages: 4
  • Revenue Recognition

    Revenue is considered one of the most significant measures used nowadays in the financial world to assess the results and to achieve proper recognition of revenue of paramount importance. It also operates the success of most businesses, as it is a means of generating profits and increasing equity. Revenue recognition is an accounting principle under generally accepted accounting principles (GAAP) that determines the specific conditions under which revenue is recognized or accounted for.…

    Words: 814 - Pages: 4
  • Spotify Revenue

    The question of artist/songwriter revenue streams has become a pressing issue since music is so easily accessible free of charge via these services. Before going into payment methods the difference between a mechanical royalty and a performance royalty must be defined. A performance royalty is a fee a music user pays when a musical work (melody and lyrics) are performed publicly. Mechanical royalties are royalties paid to a songwriter whenever a copy of their song is streamed on via ‘mechanical’…

    Words: 660 - Pages: 3
  • Revenue Management Paper

    Revenue management also known as yield management is allocating the right product to the right customer at the right price at the right time to maximize revenue/yield ((Kimes, 1989) and according to Hayes and Miller, (2011) a revenue manager is the individual or team that is responsible for the compatibility of the company's price to the customer's willingness to pay or a product or service. As a revenue manager of a hotel, the two main goals should be, to maximize the price of a room sold,…

    Words: 1150 - Pages: 5
  • Uber Revenue Model

    On the one hand, Uber’s founder Travis Kalanick executes in a disruptive manner, and this in turn is perceived in the company’s brand and “way-of-doing”. On the other hand, the taxi industry is known for its conservative culture and strong regulation support, which in turn explains their little effort in innovation. Therefore, even though every revenue model in the industry is partially based on a variable structure, the new players have introduced even more variable and flexible ones, closer to…

    Words: 3944 - Pages: 16
  • The Revenue Model Of Adidas

    Revenue model used by Adidas There are few types of revenue model that can be used to gain a company’s revenue. Adidas Malaysia had applied 3 types of revenue model in order to increase their sales and revenue. These revenue model are Sales, Advertising and Affiliate. Adidas had put a lot of effort in order to increase their revenue though eCommerce. So, they have their own strategy to make it success in eCommerce. Their strategy is “The success of our eCommerce strategy rests on our ability…

    Words: 705 - Pages: 3
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