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Problem
(Revenue Recognition-Membership Fees) Midwest Health Club (MHC) offers 1-year memberships. Membership fees are due in full at the beginning of the individual membership period. As an incentive to new customers, MHC advertised that any customers not satisfied for any reason could receive a refund of the remaining portion of unused membership fees. As a result of this policy, Richard Nies, corporate controller, recognized revenue ratably over the life of the membership. MHC is in the process of preparing its year-end financial statements. Rachel Avery, MHC's treasurer, is concerned about the company's lack- luster performance this year. She reviews the financial statements Nies prepared and tells Nies to recognize membership revenue when the fees are received.
Answer the following questions (# your responses):
1. What are the ethical issues involved?2. What should Nies do?
Read and reply to one student's response. This is an automatic assigned peer review. Your reply should be a based on your analysis of the student's response (min. 100 words). You may comment on why you agree or disagree with the response, what sort of evidence supports or refutes their position, or you may ask questions related to their response.
What types of behaviour are predicted by Hamilton's theory of inclusive fitness Explain the evidence for two examples of such behaviours
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Alabama Atlantic is a lumber company that has three sources of wood and five mar¬kets to be supplied. The annual availability of wood at sources 1, 2. and 3 is 15, 20, and 15 million board feet, respectively.
Describe a belief that you would continue to believe even if solid logical evidence was supplied which demonstrated your belief could not possibly be true.
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Individual Assignment Popular American Culture Paper
Discuss the significance of the "special covenant" between the Jewish people and God. Name at least two examples of this covenant in the Jewish religion.
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Participants are recruited for research in a number of ways. The methods used to recruit participants for research are called "sampling plans."
A tennis racket hits a tennis ball with a force of F=at-bt^2, where a = 1110N/ms , b = 410N/ms^2 , and t is the time (in milliseconds). The ball is in contact with the racket for 3.25ms . If the tennis ball has a mass of 58.2g , what is the resulting..
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