Reference no: EM131413208
THE BIG PICTURE - QUESTIONS
The CEO of MV-Link Productions has hired your consulting firm to produce a report on this possible breach of contract case, including recommendations. Use the report writing guide from the course website. In your analysis of this case include answers to the following questions:
Q. Assuming the contract is valid, prepare the following financial analyses:
a. Prepare a budget of expected minimum revenues under the contract. Show the sources of revenues from the set of five films and the fee.
b. What are the general revenue recognition criteria established under Generally Accepted Accounting Principles (GAAP)
c. How would you apply the GAAP criteria for revenue recognition to account for the revenues under this contract? Explain your logic for both realizable and earned.
Note: To the extent that you may recognize any antitrust issues (which we would not expect) please ignore them for purposes of this analysis.
In preparing your report remember to review LDC financial accounting concept 5 (cash flow vs. GAAP income), financial accounting concept 8 (understanding the timing of revenue recognition), management accounting concept 5 (understanding how to budget revenue), and business law concept 1 (offer and acceptance of contracts; enforcement of contracts: interpreting the parties' intent).
Attachment:- Big-Picture-Case-Text.pdf
|
Outline the basics of a management succession plan
: Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
|
|
Is it related to the implantation of an artificial heart
: Are there any ethical dilemmas facing this type of research. Is it related to the implantation of an artificial heart or kidney, or is there something "special" about the brain
|
|
Find a clocked d flip-flop realization
: Find a clocked D flip-flop realization for the following sequential circuit using each of the three unique assignments for four-state circuits
|
|
Discuss the use of group contingencies in modifying behavior
: Next, discuss the use of group contingencies in modifying behavior. Make sure to name and define each of the three types, and then provide an example of how a group contingency might be used in a setting to change group behavior
|
|
Prepare a budget of expected minimum revenues under contract
: Prepare a budget of expected minimum revenues under the contract. Show the sources of revenues from the set of five films and the fee. What are the general revenue recognition criteria established under GAAP.
|
|
Settle with utilizing technology resources
: Question: Have you had to work under similar circumstances where you were in a position and had to settle with utilizing technology resources that did not meet the necessary standards for you to perform your assigned tasks efficiently or that jeop..
|
|
What advantage might there be for employing older employees
: What strategies can managers implement in an effort to manage their older employees effectively? Do you have any examples from where you work? What advantage might there be for employing older employees
|
|
Productivity and competitiveness of companies
: Contributions of HR efforts to productivity and competitiveness of companies (find articles that link HR functions/program and organization performance). Provide evidence or make a case that HR programs do work and do contribute to valued organiza..
|
|
Who was booker t washington
: Who was Booker T. Washington? Who was W.E.B. DuBois? What was the similarities/differences in their strategies?The long essay would be a traditional essay that typically five paragraphs long. The first paragraph should introduce the topic and state..
|