CASE 5-3 JOAN HOLTZ (A)* (1) Electric utility bills. An electric utility company can estimate with reasonable certainty the expected revenue in a given period by taking into consideration some of the following: customer habits, average historical trends, demand and supply forecasts, and environmental changes. The electric utility industry effectively uses an insurance industry concept—the law of large numbers, to determine with certainty, expected revenue. The law of large numbers states, as
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Joan Holtz 1. Electric Utility Bills Revenue of the Electric Company can be measured given the amount of electricity generated for the year multiplied by the per-kilowatt/hour charge to customers. This is because the electric service has already been provided and distributed to customers for ready consumption 2. Retainer Fee The amount of revenue to be counted in 2010 is $5,000 from the $10,000 retainer fee good for 1 year. This is because, despite the fact that there was no way
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Electric utility bills. When an electric utility customer uses electricity, the electric company has earned revenues. It is obviously impossible, however, for the company to read all of its customers' meters on the evening of December 31. How does the electric company know its revenue for a given year? Explain. According to historical data, the electricity usage usually tended to be fairly constant from month to month. The company can estimate the revenues for each month, by using historical data
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Case 6.1: Balance Of Payments- Q1) What are the major concerns from the external sector? Ans) Rising CAD is a major concern from the external sector. The current account has consistently been in deficit since 2004-05. The CAD has increased from -0.3% of GDP in 2004-05 to an estimated -4.2% of GDP in 2011-12. The CAD as a percentage of GDP in 2011-12 has reached an alarmingly high rate. We are in a situation of rising CAD in the midst of a slowing economy. A sharply deteriorating merchandise trade
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Focus Group Discussion Questions for Australian Wine & Hardy Brand I. General attitudes towards wine: 1. Do you drink alcohol? If yes, what kind of alcohol do you mainly have? 您喝酒吗？如果喝，主要喝什么酒？ 2. If you think of the word wine, which country of origin tends to come first, which the second? 您认为最好的葡萄酒来自哪个国家？其次呢？ 3. Among the local brand(s), which one(s) would you come to your mind first? 在本国葡萄酒品牌中，哪个品牌是您心目中的第一、二个品牌？ 4. If you also have wine, how often do you have it? 如果您也喝葡萄酒，多久喝一次？
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ACCT101 project Case5-3 1. Electric utility bills Method 1: As everyone knows, the electricity meters can be read every month. Therefore, in December the company will know the electricity usage of the former 12 months including that of December last year. And the usage of electricity in December this year can be included in the next year’s revenue. Method 2: Strictly speaking, the revenue recognized in method 1 is not earned in THIS YEAR. through the method of estimating the electricity usage
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T he Catcher in the Rye is set around the 1950s and is narrated by a young man named Holden Caulfield. Holden is not specific about his location while he’s telling the story, but he makes it clear that he is undergoing treatment in a mental hospital or sanatorium. The events he narrates take place in the few days between the end of the fall school term and Christmas, when Holden is sixteen years old.As Holden goes out to the lobby, he starts to think about Jane Gallagher and, in a flashback, recounts
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Holden Caulfield is the protagonist in the novel the Catcher in the Rye. The 16 year old boy writes of his journey through a personal period in his life. He is alone and desperate for relationships. He feels as if everyone despises him and he fears the idea of growing up and becoming a “phony.” He is also afraid of death, mainly because of his experience with the death of his little brother Allie. Through his journey he goes from a lonely secluded boy who has nothing figured out to a young adult
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Holden Caulfield, from Catcher in the Rye can be kept under observation for psychological problems. From what’s been read in the book, Holden seems like a troubled boy. You can tell from the four different schools he’s been kicked out of and especially that he is unable to relate or connect with any others and voices strong harsh opinions about others. As the story goes on, many more reasons about his troubled-ness should unfold. His symptoms cannot be filed away in a readily disorder or given
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Joan of Arc was born on January 6, 1412 in the village of Domremy. Her parents, Jacques and Isabelle d’Arc named her Jehanne at birth . Joan grew up in a time of turmoil and trouble for France. The King of France during her childhood years was Charles VI, who was only twelve years old when his father died. Charles VI was known to have frequent spells of delusion, prompting family members to take over the throne. Soon after, the Duke of Louis of Orleans was assassinated in 1407 on the orders of his
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