...Case Study – 2 LightHouse How should revenue be recognized for sales of both the ship finder devices and service? EITF 00-21 states “that in arrangements for multiple deliverables, the delivered item(s) should be considered a separate unit of accounting if all of the following criteria are met: The delivered item(s) has value to the customer on a standalone basis (i.e., it is sold separately by any vendor or the customer could resell the deliverable on a standalone basis) There is objective and reliable evidence of the fair value of the undelivered item(s) If the arrangement includes a general right of return, delivery or performance of the undelivered item(s) is considered probable and substantially in the control of the vendor”. In this case it says that lighthouse devices are made to be exclusively with the light house services and there are no other competitors making devices that work with the Lighthouse services. Therefore even if the customer cancels the service at any time the device does not have value to the customer on a stand alone basis therefore revenue can not be recognized by the arrangement with multiple deliverables. According to SAB no, 104 to recognize revenue “Persuasive evidence of an arrangement exists, Delivery has occurred or services have been rendered, the seller's price to the buyer is fixed or determinable and Collectability is reasonably assured”. So the revenue for the Ship Finder Device can be recognized after the completion of the...
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...shows how a typical shift may seem like everything goes wrong, and nothing could possibly make things worse. There are days when the typical worker wishes they did not get out of bed. Occurrences happen and people want to run off the job and give up, but people should not give up. Accidents happen, and when they do, people should evaluate what is happening at work. There are ways and options to fix broken lights, and equipment utilized on the job. At times it looks like there is no solution, but there are always options one may not view as available to them. The best option for an employee to choose is to not panic. The job looks dark at times, but there is a light at the end of the tunnel, or in this case, a light in the top of the lighthouse. The film teaches how equipment failures occur, but if people ban together and help each other the job will go smoothly and the organization of the company improves. The roles of external social pressures have a high amount of influence in organizational ethics. The news media, social networks, and word of mouth of customers affect the organizations publicity and reputation immensely. The employees of a company should always remember to help each other when they are able, and an extra hand makes light work. Social pressures influence organizations and companies to maintain quality assurance within the organization. The company must maintain a clean, safe, and productive environment at all times. A well-organized company will...
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...The Power of Manipulation In Virginia Woolf’s, To the Lighthouse, there a many constructional themes at work; through a constructional lens I will be looking at the theme of manipulation. Manipulation plays a big role in To the Lighthouse. Not only is manipulation a big part of Mrs. Ramsey’s character but Virginia Woolf manipulates time throughout the novel. “Naturally, one had asked her to lunch, tea, dinner, finally to stay with them up at Finlay, which had resulted in some friction with the Owl, her mother, and more calling, and more conversation, and more sand, and really at the end of it, she had told enough lies about parrots to last her a lifetime (so she had said to her husband that night, coming back from the party). However, Minta came...Yes, she came, Mrs. Ramsay thought, suspecting some thorn in the tangle of this thought; and disengaging it found it to be this: a woman had once accused her of "robbing her of her daughter’s affections"; something Mrs. Doyle had said made her remember that charge again. Wishing to dominate, wishing to interfere, making people do what she wished—that was the charge against her, and she thought it most unjust. How could she help being "like that" to look at? No one could accuse her of taking pains to impress. She was often ashamed of her own shabbiness. Nor was she domineering, nor was she tyrannical.” (67) This quote shows Mrs. Ramsey’s manipulation and the way people see her. While some people love Mrs. Ramsey because they cannot...
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...ST. Augustine Lighthouse & Museum Our intention for this trip was to leave on Friday after Thanksgiving. I wanted to take my 1-year-old grandson with us, as he loves to ride the train. Choosing the Ripley’s train tour because I think it is the most convenient to get off and back on when exploring the many stops they have to offer. In addition to the convenience of getting off and on at will, a narrated history lesson is also included free of charge. On Black-Friday, we started our journey although later than originally planned due to traffic congestion of crazed shoppers. Changing our plans according to our delays, we parked at Sugar Mill Train station to embark on our tour. Our narrator like always was very enthusiastic quickly catching all of our attention in the process. I originally anticipated departing to look around the Presbyterian Church. Unfortunately, due to our late start we were all-hungry and decided instead to get off at St. George Street. My grandson really loved the tram ride and was not at all interested in getting off. Luckily, a distraction by a horse and carriage and the mention of ice cream he soon forgot all about the train. After a snack, a little shopping and a lengthy stroll we were ready to finish our train tour. Completing the train tour, we then chose the lighthouse for our next destination instead of the Fort. Upon arrival to the lighthouse, we were soon disappointed when they would not allow my grandson to be carried to the top...
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...In the Lighthouse revenue recognition case, there are two alternatives. The first alternative is that the device and service is a single unit of accounting and both should be recognized as the service is provided. The second alternative is that the devices and services represent two separate earnings processes which need to be recognized separately. Alternative 1. According to FASB 605-25-25-5, there are three criteria that need to be met in order for an arrangement with multiple deliverables to be considered separate accounting units. First, the items need to have standalone value to the customer. Second, there needs to be objective and reliable evidence of the fair value of the undelivered items. Third, if the arrangement includes a general right of return relative to the delivered item, delivery or performance of the undelivered item or items is considered probable and substantially in the control of the vendor. According to these terms, the device and service are not separate because they do not have standalone value since the devices are made to be used exclusively with the Lighthouse services and there are no other competitors making devices that work with the Lighthouse services. Therefore the device should be combined with the service and recognized over the service period. Alternative 2. According to FASB 605-10-25-3, revenue should ordinarily be accounted for at the time a transaction is completed, with appropriate provision for uncollectible accounts...
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...To the Lighthouse Woolf, Virginia Published: 1927 Categorie(s): Fiction Source: http://gutenberg.net.au 1 About Woolf: Virginia Woolf (January 25, 1882 – March 28, 1941) was an English novelist and essayist regarded as one of the foremost modernist literary figures of the twentieth century. During the interwar period, Woolf was a significant figure in London literary society and a member of the Bloomsbury Group. Her most famous works include the novels Mrs Dalloway (1925), To the Lighthouse (1927), and Orlando (1928), and the book-length essay A Room of One's Own (1929) with its famous dictum, "a woman must have money and a room of her own if she is to write fiction". Also available on Feedbooks for Woolf: • Mrs. Dalloway (1925) • A Haunted House (1921) • The Waves (1931) • Mrs Dalloway in Bond Street (1923) • Between the Acts (1941) • The New Dress (1927) • The Mark on the Wall (1917) • The Duchess and the Jeweller (1938) • The Years (1937) • An Unwritten Novel (1920) Copyright: This work is available for countries where copyright is Life+70. Note: This book is brought to you by Feedbooks http://www.feedbooks.com Strictly for personal use, do not use this file for commercial purposes. 2 Part 1 The Window 3 Chapter 1 "Yes, of course, if it's fine tomorrow," said Mrs Ramsay. "But you'll have to be up with the lark," she added. To her son these words conveyed an extraordinary joy, as if it were settled, the expedition...
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...The Responsibility Project: Lighthouse ETH/316 The short film I chose to discuss is titled “Lighthouse”. In this short film, a grumpy light house keeper is responsible for maintaining the functionality of the lighthouse. At the point in the time in the movie, the lighthouse keeper decides not to join in the town’s festivities and avoids socializing with the community. While the lighthouse keeper is working on paperwork, the light stops working and the lighthouse goes dark. The importance of the lighthouse is to avoid incoming ships hitting the shore rocks, causing possible loss of the ship, its cargo, and even the passengers on board. As the lighthouse keeper is attempting to fix the light, he further breaks the glass shell of the light beyond repair. A panic comes across the lighthouse keepers eyes as he sees an incoming ship headed straight towards the shore rocks. During this time, the town folk noticed the lighthouse stopped working. They all decided to stop partying and grab a lantern to head to the lighthouse. As the entire town quickly makes their way to the lighthouse with lanterns in hands, they make their way to the top of the lighthouse to provide enough light for the ship to see the rocks and steer clear of danger. Although, the film I chose isn’t a typical corporate organization, I believe it relays an important message. As it may be one person’s responsibility for a specific job duty, it is our social responsibility to help our friends and coworkers...
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...The Function of Light in The Glass Menagerie to Emphasize the Importance of Laura Sam Student Course/123 November 1, 2009 Sally Teacher The Function of Light in The Glass Menagerie to Emphasize the Importance of Laura Tennessee Williams explores the sensitivity to light in The Glass Menagerie through explicit statements in the production notes, screen devices, and references to descriptions of characters, especially Laura. The lighting cues as explained by Williams (1945/1999) enhance character and mood, and in practically every scene, Laura dominates the stage even though she has fewer lines. Williams (1945/1999) develops Laura’s character the most through his focus on light. Even though Amanda, Laura’s mother, and Tom, Laura’s brother, have the most lines, Williams’ production notes make it clear in describing Laura that she is the major character: “The light on Laura should be distinct from the others, having a peculiar pristine clarity such as light used in early religious portraits of female saints or madonnas” (p. xxii). One of Williams’ most interesting uses of light is the screen device, or screen image, as explained in his production notes: This device was the use of a screen of which were projected magic-lantern slides bearing images or titles . . . These images and legends, projected from behind, were cast on a section of wall between the front-room and dining-room areas, which should be indistinguishable from the rest when not in use . . . . The...
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...Q3: Characterization in To the Lighthouse is presented in terms of multiple perspectives. Elaborate on this statement demonstrating the influence of this method of presenting on characterization in the novel and significance of the modernist style of writing which emphasizes the alternation between consciousnesses of character. To the Lighthouse is considered as one of Virginia Woolf most famous novels. The story deals with the Ramsay family experiences while staying at their home in Cornwall. In To the Lighthouse novel, the main concern is within Mrs. Ramsay’s thoughts and emotions. The narrator in the novel introduces to us a very different world than the one we’re living in: the world inside somebody else’s head. Woolf chose to write this novel in a very strange and complex way using unfamiliar techniques. This unique technique of writing was achieved with the use of the multiple perspective and the stream of consciousness techniques. Each character in the novel is presented through multiple perspectives. Thus, the readers cannot decide on a single interpretation or agree on the same analysis for each character. Mrs. Ramsay. For example, is a charmingly good woman with good personality, yet she is concerned with the other characters’ lives and ends up interfering in them a lot. She also cares for everybody, considering her own thoughts and ignoring others’, and this is clear when she advises Lily to marry William Banke, an old friend of the Ramsay family. This shows...
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...Top of Form /w EPDw ULLTEw Maximum number of choices allowed is {0}. Points Awarded Points Missed Percentage 30.00 0.00 100% 1. Which statement describes an advantage of networks? A) Networks require decentralized management. B) Isolating network devices decreases costs. C) Isolating network devices allows implementation of the sneakernet file sharing method. D) Networks enable multiple users to share resources. Points Earned: 1.0/1.0 2. Which network model ensures that no computer on the network has more authority than another? A) client/server B) stand alone C) peer-to-peer D) distributed Points Earned: 1.0/1.0 3. A common way of sharing resources on a peer-to-peer network is by modifying the ____ controls using the computer’s operating system. A) file-serving B) file-sharing C) resource-sharing D) resource-monitoring Points Earned: 1.0/1.0 4. A ____ facilitates communication and resource sharing between other computers on the network. A) servlet B) workstation C) personal computer D) server Points Earned: 1.0/1.0 5. ____ networks are the most popular type of network for medium- and large-scale organizations. A) Client/server B) Peer-to-peer C) Stand-alone D) Stationary Points Earned: 1.0/1.0 6. A ____ network is confined to a relatively small space. A) NAN B) MAN C) WAN D) LAN Points Earned: 1.0/1.0 7. Often, separate LANs are interconnected and rely on several ____ running many different applications and managing resources other than data...
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...Feminism in TO THE LIGHTHOUSE…………….pg 4 * Conclusion………………………………………………..pg 11 * Bibliography……………………………………………..pg 12 ABSTRACT: Virginia Woolf is a feminist pioneer and is also a modern socialist master. In her masterpiece To the Lighthouse she uses large number of images to convey her feminist ideas. This Research paper focuses on To the Lighthouse with feminist perspective. How ‘To the Lighthouse’ projects its challenges or realization of productive and creative possibilities of female characters like Mrs. Ramsay, Lily Briscoe, Nancy Ramsay, and other characters who move around these central characters and how these characters are to be studied with the feministic point of view and built as a portrait of real woman in the Victorian England as well as its relevance in the present scenario. Our efforts are to bring out the voice of female characters’ echo in the novel considering these various roles in the novel. INTRODUCTION In the Post-Modern period, the feministic perspective has been much travelled especially in the writing of female authors or poets. The word ‘servitude’ (Fanon) in the feministic reading has been much taken in to consideration. To the Lighthouse, much discussed, debated and criticized like its length of writing in the panorama of Feminism. The writers’ efforts to portray the real woman as far as milieu and moment are concerned, is to challenge patriarchal family and treatment of woman. Reading To the lighthouse strikes researcher’s...
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...goods, providing services, or providing information. Once a company performs the terms of the arrangement, the revenue is deemed as earned; however, at least part of the job must be fulfilled. In addition, the company should not recognize revenue even if their clients paid in advance to fulfillment of the agreement. Revenue is realized or realizable when “the seller receives cash or assets from the customer that is convertible into cash,” (accountingresearchmanager.com) This must occur before revenue is recognized. In the case, “Lighthouse”, the issue of how revenue should recognized for the sales of both Ship Finder devices and service arises. In this particular case, the company Lighthouse created a hardware unit which it installs in ships and provides the services for this unit. This device and service are utilized together in providing information to shipping companies on the ship location, speed, and current local weather. Lighthouse requires its customers to sign two separate contracts, one for the device and one for the service. The device has a fixed price of $10,000 per unit, while the service has a variable rate of $300 per month and per unit (discounts are given based on the number of units purchased). The amount paid for the devices is nonrefundable but the...
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...Identify the issues ASC 605-25 If a vendor does not have vendor-specific objective evidence or thirdparty evidence of selling price for the undelivered elements in an arrangement, the revenue associated with both delivered and undelivered elements are combined into one unit of accounting. Any revenue attributable to the delivered products is then deferred and recognized as the undelivered elements are delivered by the vendor. An Additionally, eliminating the residual method of allocation will improve financial reporting because the relative selling price method spreads any discount in an arrangement across all of the deliverables in that arrangement rather than allocating the entire discount to the delivered items. However, this change will require a vendor to estimate a selling price for delivered items regardless of whether vendor-specific objective evidence or third-party evidence of selling price exists for these items. . 605-25-25-5 In an arrangement with multiple deliverables, the delivered item or items shall be considered a separate unit of accounting if both all of the following criteria are met: a. The delivered item or items have value to the customer on a standalone basis. The item or items have value on a standalone basis if they are sold separately by any vendor or the customer could resell the delivered item(s) on a standalone basis. In the context of a customer’s ability to resell the delivered item(s), this criterion does not require...
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...The Lighthouse Strategy is an interdisciplinary rehabilitation team method to enhance attention in visual hemi-spatial deficits. The strategy combines different aspects of cognitive-behavioral and visual imagery interventions to perform route-finding tasks and ADLs. A case study involving a 65-year-old woman (M.M.) following a right parietal hemorrhage confirmed short-term success of the Lighthouse Strategy. M.M. experienced left side weakness in both upper and lower extremities and left hemi-spatial inattention affecting her daily routine. During her first therapeutic treatment session she performed the Mesulam Verbal Cancellation Test, where she was instructed to circle or mark the letter A within a document of mixed letters. She missed...
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...During one of my previous service experiences at the Lighthouse of Hope, I got the chance to see how they prepare for the sizable food drives which they have every other Saturday. These preparations often started off early in the morning. In the morning, volunteers would arrive to help set up two tables to help transport the boxes of food we would be receiving. Next, is the waiting game, we waited for the truck to deliver the food. Once the truck came, and the driver unloaded the food, the volunteers had the job of taking the large boxes of food and placing them in the appropriate places. To start, one volunteer would grab a box knife and cutoff all the plastic wrap that held the boxes together. Next, we would grab boxes one by one and put...
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