This website uses cookies to ensure you have the best experience. Learn more

Case 12 02 De Essay

967 words - 4 pages

Case 12-02 To Recognize or Not to Recognize, That Is the Question Shakespeare Inc. (“Shakespeare” or the “Company”) is a privately held book printing and publishing company with a December 31 year-end. The summary balance sheet as of December 31, 2010, included: Current assets Noncurrent assets Total assets Current liabilities Noncurrent liabilities Total liabilities Total shareholder equity $ 6,500,000 28,250,000 $34,750,000 $ 4,500,000 13,750,000 $18,250,000 $16,500,000

The summary results of operations for the year ended December 31, 2010, included revenue of $10.7 million and net income of $1.2 million. Shakespeare is planning to issue its financial statements on March 20, 2011. On ...view middle of the document...

Management has a history of accurately estimating the IBNR liability using these techniques as validated by the actual claims received. Historically, all claims are received by Shakespeare within two months of the medical services being provided to its employees. Using this process, management estimated an IBNR liability of $1.25 million as of December 31, 2010. As of management’s review on March 18, 2011, Shakespeare had

Copyright 2011 Deloitte Development LLC All Rights Reserved.

Case 12: To Recognize or Not to Recognize, That Is the Question

Page 2

received claims totaling $0.75 million for medical care costs incurred before December 31, 2010. Line of Credit Modification As of December 31, 2010, Shakespeare had a line of credit with a bank of $8 million (with a $10 million maximum amount available) due in approximately three years from the balance sheet date. Interest accrues on amounts drawn under the line at the London Interbank Offered Rate (LIBOR) (subject to a 3.5 percent floor) plus 7.5 percent per year. Shakespeare is also required to pay a commitment fee equal to 2 percent per year on the portion of the line of credit that was not drawn upon. On March 1, 2011, the Company completed its modification of the terms of the line of credit with the bank to finance the acquisition of a competitor printing and publishing company (see further facts of acquisition below). The key modified terms are as follows: • • • • The maximum amount available under the line of credit was increased from $10 million to $20 million. The term was extended another three years past the original due date (i.e., now due in approximately six years from the balance sheet date). The interest rate on amounts drawn was reduced to LIBOR plus 3 percent (still subject to a 3.5 percent floor). The commitment fee on undrawn amounts reduced to 0.5 percent.

Acquisition of a New Publishing Company Using the funds from the modified line of credit, Shakespeare’s management drew $10 million from the additional capacity on...

Other Papers Like Case 12-02 De

Crise: Problema Estrutural Ou Da Acumulação De Capital?

8249 words - 33 pages indústria própria, exportando apenas os excedentes não consumidos no mercado interno. Os processos que tomaram lugar no pós-guerra constituíram um capitalismo composto por grandes corporações que resultaram dos processos de concentração e centralização de capital no centro, que agora se mundializaram e passam a dominar o comércio mundial de mercadorias entre suas filiais,12 deslocando-se livremente pelo mundo, apoiadas e em conjunto como um

Unit 20-P6 Essay

714 words - 3 pages |WA114 |1 working |10/10 working |Working | |04/12/2014 |WA114 |1 working |10/10 working |Working | |01/12/2014 |WA117 |1 working |16/16 working |Working | |02/12/2014 |WA117

Procter And Gamble

2777 words - 12 pages Nourriture Séche Spécialisée. N.p., n.d. Web. 4 Mar. 2014. [ 10 ]. "Procter & Gamble Procède Au Rappel De Rince-bouche." - Rappels Et Avis. N.p., n.d. Web. 4 Mar. 2014. [ 11 ]. "PROCTER & GAMBLE : Résultats En Demi-teinte En 2013." Capital. N.p., n.d. Web. Feb.-Mar. 2014. [ 12 ]. Strategic Management:Concepts: Competitiveness andGlobalization,10thEditionHitt/Ireland/Hoskisson [ 13 ]. P&G: “Related Corporate Diversification” http://bmcrosby.wordpress.com/2012/04/01/pg-related-corporate-diversification/ 02/20/2014 [ 14 ]. "Procter & Gamble." Announces Organization Changes. N.p., n.d. Web. 17 Mar. 2014.

How The Spread Of Tuberculosis Can Be Controlled

2154 words - 9 pages How can the mortality rate due to tuberculosis be reduced? Tuberculosis case reports and rates by age group and sex, UK, 2009 Tuberculosis case reports and rates by age group and sex, UK, 2009 Introduction to tuberculosis A major issue in the medical world which biologists attempt to solve is Tuberculosis, an infectious disease that kills millions of males and females every year. It iscaused by Mycobacterium tuberculosis and

Sony Smartphone

759 words - 4 pages synergy within a team ▪ communicate effectively with other profesionals and business communities; act in their capacity as a leader and manager in their inter-personal relationship, vertically and horizontally ▪ engage in life-long learning 4.0 INSTRUCTIONAL METHODS To facilitate better understanding of the course materials, the following learning modes are adopted: ▪ Lectures, small group discussions, and case studies

Religion In The Public Schools: Public Prayer Or Private Action?

5004 words - 21 pages , "Establishment Clause Overview." Last modified 2012. Accessed December 1, 2012. http://www.firstamendmentcenter.org/establishment-clause. 370 U.S. 421; 82 S. Ct. 1261; 8 L. Ed. 2d 601; 1962 U.S. LEXIS 847; 20 Ohio Op. 2d 328; 86 A.L.R.2d 1285. Date Accessed: 2012/12/02. www.lexisnexis.com/hottopics/lnacademic. 374 U.S. 203; 83 S. Ct. 1560; 10 L. Ed. 2d 844; 1963 U.S. LEXIS 2611. Date Accessed: 2012/12/02. www.lexisnexis.com/hottopics

Green Banking

417 words - 2 pages for a Training Course / Training workshop. 12. Associate  Member banks of BIBM can nominate a maximum number of two (02) participants for a Training Course / Training workshop. 1/2 Green Banking 13.  All BIBM Training Courses / Training workshops are residential. Thus all member banks are required to pay Tk.350 per day per participant including holiday (if any) as food and hostel charges. Thus, for this course the total fees is Tk. 1,400 (Tk. 350 x 4 days). 14.  The pay order / bank draft drawn in favor of BIBM is to be sent at least seven (07) days prior to the commencement of the Training Course / Training workshop. 2/2

Cat Sample Quiz

1318 words - 6 pages net credit sales is doubtful of collections. (2) It is estimated that 10% of outstanding accounts receivable is doubtful of collection. (3) The company wants to maintain the same amount of net realizable value as last year’s. Case 3 Below are the company’s cash ledger and bank statement for the month of April 2015. Date March 31 Apr 02 11 18 24 27 30 Apr 30 Items Balance Deposit Deposit Deposit Deposit Deposit

Queues

5711 words - 23 pages Modelos cuantitativos y de optimización 20 de febrero de 2015 Filas en los supermercados, características de los clientes y políticas para el manejo de las líneas de espera en los supermercados El termino caja rápida, caja preferencial (para discapacitados, embarazadas y personas de la tercera edad) o solo efectivo son términos comunes en los supermercados del Reino Unido y en la mayoría de los supermercados en el mundo para evitar

Case Study Critique Appendix C

1727 words - 7 pages .com/news/2607743/detail.html Kennedy-Hall, K. and Laughlin, J. (2003, October 28). 9 DYFS workers fired. Courier Post. Retrieved January 29, 2007, from http://www.courierpostonline.com/jackson/m102803a.htm Lerner, G. (2004, February 12). Advocate: New Jersey child welfare flawed. CNN. Retrieved January 29, 2007, from http://www.cnn.com/2004/US/Northeast/02/12/nj.child.welfare/index.html Livio, S. K. and Lucas, J. (2003, October 28

Inventory

7053 words - 29 pages fashion academy. Stockholm 2010-03-30 Simonson, M; Blomqvist, P; Boldizar, A; Möller, K; Rosell, L; Tullin, C; Stripple, H; Sundqvist, J-O (2000). Fire-LCA Model: TV Case Study. SP Report 2000:13 ISBN: 91-7848-811-7, Borås SSNC (2010) Personal communication with Jessica Andreason. Swedish Society for Nature Conservation 2010-08-10 Stena (2010). Personal communication with Christian Cronwall, Stena Recycling 2010-04-12 & 2010-04-26 Sundqvist, J-O

Related Essays

Compresor Essay

3469 words - 14 pages DE PRODUCTO El compresor Fecha de creación 04/02/00 8:52 Página 1 de 12 Propiedad de Valeo Distribución España. Prohibida su reproducción. © 1999 FICHA DE RED Nº 5.05 EL COMPRESOR Área Empresarial Andalucía C.L.A. Ctra. Andalucía, km 16.5 – Sector 7-8 28906 Getafe Madrid Para la climatización del automóvil se utilizan compresores de tipo volumétrico, como el que se puede ver en la figura siguiente: La característica principal

Indicadores De Productividad Essay

2751 words - 12 pages puesto de trabajo. 3. Ajuste de la maquina. 4. Asignación de la guía. 5. Asignación de insumos (marquillas, hilo, herramientas de trabajo etc…). 6. Asignación del trabajo (paquete). 7. Definición del método de trabajo. 8. Instrucción de calidad. 9. Asignación de la carga de producción (SAM, U/H , META , BIHORARIO) 10. Manejo del registro. 11. Aprobación de la una unidad de referencia. 12

Crisis Communication Advise Apple Essay

6436 words - 26 pages negatieve berichten over hun MVO-beleid, ten behoeve van het managen van een goede reputatie als internationaal bedrijf? Door middel van desk research hebben we gezien dat er een heel scala aan issues de revue is gepasseerd in de fabrieken van de leveranciers van Apple. Dit begon in 2009 met het gebruik van giftige stoffen in het productieproces, gevolgd door 12 medewerkers die zelfmoord plegen door teveel stress en depressiviteit. Vervolgens

No I Wont Essay

2738 words - 11 pages het evenement. Van deze 600.000 mensen, hebben echter begin 2010 nog geen 60.000 hun bezoek vastgelegd. Door infoNU.nl. Gepubliceerd in “Mens en samenleving” op 04-02-2010. http://nieuws-uitgelicht.infonu.nl/mens-en-samenleving/50565-wk-zuid-afrika-biedt-arme-ondernemer-totaal-geen-kansen.html Zuid-Afrika een jaar na het WK (1): De Stadions TUESDAY, 28 JUNE 2011 14:59 KLAAS DEKNATEL, KAAPSTAD   De grote en peperdure stadions die Zuid