Category: Sales
To be considered –available,” property taxes must have been collected either during the government’s fiscal year or within sixty days of year-end.
For its fiscal year ending September 30, 2007, Twin City levied $500 million in property taxes. It collected taxes applicable to fiscal 2007 as follows (in millions):
June 1, 2006, through September 30, 2006 – $ 20
October 1, 2006, through September 30, 2007 – $440
October 1, 2007, through November 30, 2007 – $15
December 2007 – $4
The city estimates that $10 million of the outstanding balance will be uncollectible. For the fiscal year ending September 30, 2007, how much should Twin City recognize in property tax revenue (in millions) in its general fund? $490
Assume the same facts as in the previous example. How much should Twin City recognize in property tax revenue (in millions) in its government-wide statement of activities? $490
Central City was awarded two state grants during its fiscal year ending September 30, 2007: a $2 million block grant that can be used to cover any operating expenses incurred during fiscal 2008, and a $1 million grant that can be used any time to acquire equipment for its police department. For the year ending September 30, 2007, Central City should recognize in grant revenue in its funds statements (in millions): $3
Assume the same facts as in the previous example. How much should the city recognize in grant revenue in its government-wide statements? $2
Assuming that a government will collect its sales taxes in sufficient time to satisfy the –available” criterion, it would ordinarily recognize revenue from sales taxes in its governmental fund statement on the date the merchant must remit the taxes to the government.
Assuming that a government will collect its sales taxes in sufficient time to satisfy the –available” criterion, it would ordinarily recognize revenue from sales taxes in its government-wide statements when the underlying sales transaction takes place.
Accounting Exercise
The recognition of revenue from fines does not necessarily reflect the amount –earned” by merely issuing tickets.
In August 2008, the last month of its fiscal year, Goldwaithe Township issued $88,000 worth of tickets for parking and traffic violations. Of these, the township collected $45,000. It expects to collect an additional $20,000 within sixty days of the close of the fiscal year and to collect $3,000 subsequent to that. It will have to write off the balance. The tickets are due; the protest period expires on September 15.
1. How much revenue should the township recognize from the tickets issued in August 2008?
Goldwaithe Township should recognize $65,000 in revenue from tickets issued in August. This accounts for the $45,000 collected nad the $20,000 expected to be collected within sixty days.
2. How might your answer change with respect to the township’s government-wide statements?
With respect to Goldwaithe Township’s government-wide statements, the township would recognize $68,000 is revenue from tickets issued.
For additional information about Arizona tax returns, contact the Phoenix CPA offices of Jacobsen & Wachterhauser, an Arizona accounting firm.
When you purchase kitchen appliances, you want to buy best and cheap kitchen appliances that means the kitchen appliances must have the good looking, quality, price, cheap, warranty and many more. Homeshop18 offers best kitchen appliances in lowest price. Please have a look below some detail of kitchen appliances.
(1). Panasonic Rice Cooker Model No: SR-TEG18A
Features:
Best known by its Panasonic brand name, Group & Global Headquarters, Matsushita Electric Industrial Co. Ltd. based in Osaka, Japan is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. In India, Panasonic Sales & Services India Pvt. Ltd. is responsible for the sales and marketing of mass consumer products.
Electric Jar Cooker (1.8 L), 5hrs Keep Warm, Steaming Basket
Concave Lid, Prevents over boiling
Water droplets prevention Prevents water droplets from dripping onto cooked rice, keeping rice warm and fluffy.
Smart Cap – Prevents over boiling, Prevents boiling over during rice cooking process.
Steam basket available, Non stick inner pan.
(2). Polar Rice Cooker Ricee
Polar is a household brand in Fans and signifies trust and confidence of millions of satisfied customers for last 30 years. Polar Bear Home Appliances is all set to scale great heights as it offers quality, aesthetics, reliability and value for money proposition
Features:
5 Ltr capacity, Powder coated M.S. body, Non-stick coated inner bowl
Water collector cup provided, 700 Watt heating element, Automatic keep warm
One touch easy operation, Power: 230V, 50 Hz, 600 watts
Cord Plug: 3 Core with molded plug, Thermostat: Provided for continuous warming
Cook/Warm indicators provided, Lid: Press fitted, Steam dew collector
(3). Panasonic Thermopot Model No: NC-TWS22
Features:
Best known by its Panasonic brand name, Group & Global Headquarters, Matsushita Electric Industrial Co. Ltd. based in Osaka, Japan is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. In India, Panasonic Sales & Services India Pvt. Ltd. is responsible for the sales and marketing of mass consumer products.
Hot water round the clock, Keep Warm function
2.2L Capacity, Stainless Steel inner container, Floating ball level indicator
Push button dispenser, Child Lock, 360 swivel base for easy access
Available in Pink & Grey colours
Author suggests you to buy electric cookers from homeshop18 in India.
Take Shape For Life, is a subsidiary of Medifast. Medifast is a 25-year-old enterprise that offers mealtime substitute products and solutions as well as weight loss plans. Medifast has four different avenues it offers you its products and programs through; World wide web and telemarketing, individual coaching through Take Shape For Life, Medifast Weight Control Centers, as well as a nationwide network of medical professionals.
Services and Products
Take Shape For Life markets the Medifast meal substitution products by way of its Health Coaches, independent distributors. They offer a Phase One: 5 & 1 Meal Plan, for weight loss, supplying a diet of five Medifast meals (shakes, drinks, bars, chili, oatmeal, soups, pudding, scrambled eggs), 1 Lean & Green Meal, containing 5-7 ounces of lean meat or meatless proteins, coupled with three portions of veggies on a daily basis. Phase Two: Be Slim, for sustaining weight control. Be Slim is an acronym, meaning for Breakfast, Exercise, Support, Low fat meals 5-6 times per day, Individual Plan, and Monitor. This is the way of life that Take Shape For Life clients discover how to master together with the assistance and guidance of their Health Coaches.The philosophy is that if you follow the methods that they educate,you will probably be able to lose sizeable amounts of body weight, and retain your brand new shape for a long time to come.There are special meal bundles available to ladies, gentlemen and also diabetics. The actual pricing ranges anywhere from $299.50 to $353.50, which inturn gets one a month’s supply. A unique idea with regard to this system is the fact which you furthermore acquire a Health Coach for assistance, ones Take Shape For Life rep.
The Pay Plan
The organization promotes their products via direct selling by way of independent Health Coaches, professional sales as well as franchising. It cost $199 to be able to buy the Health Coach Career Kit, which gets your enrollment kit, designed to give you everything for your first 30 days in business. There are additional marketing materials for your business, and these will come with an additional cost, and can be purchased through their website. You will furthermore obtain a couple months use of the back office and your own personal e-commerce internet site. There is a mandatory Basic Proficiency Examination of which will need to be completed within 30 days. Health Coaches make 20% off the products bought by way of their particular personal customers, as well as their personally sponsored Health Coaches. There are also bonuses, such as the $100 customer acquisition bonus, and various leadership levels that help you to generate even more income. If you acquire 5 personally recruited clients, and achieve $1000 in orders within your initial thirty days, you will qualify to get a $100 Client Acquisition Bonus (CAB). In the event that you assist new Health Coaches within your downline to reach their CAB, you will earn a matching $100. As you actually improve sales volume as well as the actual number of personally sponsored distributors, you are able to move forward leadership levels, allowing for you to acquire additional bonuses on product sales by way of various levels of coaches sponsored by means of others on your organization.
In Final, Take Shape For Life Review
Is Take Shape For Life a scam? Not at all. It is certainly not a scam, however an opportunity which offers an individual a considerable commission of 20% on all personal product sales and product sales by means of your own organization. In my opinion, this is a legit business with beneficial products. At this time there are thousands of average people whom are actively seeking for weight-loss options, and the products which they offer may well become their solution.The products and system motivate continuing regular monthly usage, and along with great customer assistance, an individual ought to be able to retain clients for a few months, obtaining continuous commissions. The cons are that right now there are many weight-loss solutions out on the market at this time in the health and wellness industry, making ones levels of competition fierce. Nonetheless, to take complete advantage of your commissions and bonuses Take Shape For Life has to offer you, an individual will certainly need to take your product beyond your own family members and friends. Because with any kind of direct marketing, your success will certainly hinge upon your capability to create a steady flow of targeted leads.
The past two years, MPV market rapidly growth, has allowed many enterprises to the charm of this big cake irresistible. According to China Automotive Technology Research Center released data shows that the first half of this year, China produced a total of MPV 18.94 million units, year-on-year up 136.68 percent, sales MPV 16.23 million units, year-on-year increase of more than 100%, reached 101.47%. In the whole passenger car market, MPV become one of the fastest growth market segments.
The data also shows that sales in the first half of the top 10 MPV models had six types of independent brand car; accounted for half of the MPV market. Now, in the MPV own brands market, in addition to jianghuai refine, the grand hiace and so on models have also been won a place in the market.
MPV has across multiple-market segments.
It is can be seen that MPV market performance in the first half of this year continued the good momentum of 2009 growth, the rate of growth has been exceeded sedan and even more than rapidly increase SUV model (growth rate of 87.06 percent year on year), which has let entered MPV market independent brands enterprises, including BYD, etc. will impact the future of the market.
In fact, MPV product is not for a niche market,” Minister of Brilliance Duyuan Peng said in an interview, it is because the MPV product is a versatile car, so it may be in various market segments have their own audience. For instance, it can be used for commercial, public, private, or can be used for logistics, which is why the MPV market in the whole passenger car market growing fastest reason.
The traditional impression of MPV, people thinks that MPV is only one passenger car segment, but it is because of the particular product form and performance, you can let the audience throughout the various market segments, while the needs of their current base already large and still expanding. In the first half year grand hiace reached 70% or 80%.
In Europe, United States, Japan and South Korea these mature cars countries, MPV popularity is very high, its sales accounted for about 10%, most are oriented to domestic markets. For example, in Japan, MPV market share of about 30%; and in the United States, MPV and SUV accounted for 55% market share, every three people will have an MPV in the United States. While in China, the current MPV’s market share less than 5%, if calculated at 10% share, the domestic MPV market will reach millions scale. BYD is very optimistic about the future potential of this market, with 421 families in China increased; in the future MPV market will maintain rapid growth, BYD M6 at this time of listing, is to seize this opportunity.
Do you run a sales team? Have you ever noticed that sales people are brilliant at coming up with excuses for why their promised sales didn’t eventuate. I use a simple strategy on my sales team that stopped the excuses and doubled the sales.
A couple of years ago I read a very interesting piece of research. The business school of a major university was conducting an international study into sales management. One of the amazing things they discovered was that sales people who reported to a sales manager, on average produced less than sales people who did not have a sales manager.
The reason for this was that the sales managers tended to be critical of the shortcomings of their team members and this made the sales people nervous. They became so preoccupied with having to face the music at the sales meeting that their focus was on failure rather than success. If your focus is on failure then failure is what you will get.
This is all very interesting but there is still the practical matter that most sales people are performing well below their potential. So how does a sales manager get his or her team performing without creating the problem of failure focus?
When I first started managing a sales team I discovered that sales people had an incredible talent for coming up with excuses. They seemed to be able to justify any lost sales by giving you a plausible reason why it was not possible to get the sale. While I admired their creativity I also realized that in most cases the sale was getable. The problem I had was how to get the sales person away from the excuse habit and onto the success habit.
I also remembered when I first entered the sales world, and how my sales manager had harassed myself and the other sales people at each sales meeting. I used to dread going to those meetings.
I ended up creating a solution that got rid of excuse behavior, avoided the harassing situation and led to a doubling of my sales team’s output. I made a rule that the only excuse that a salesperson was allowed to offer was an excuse that was so good that if they wrote it on a piece of paper and took it to the manager of the local supermarket that the manager would be happy to give them a week’s groceries in exchange for the excuse.
Here’s how I used the “grocery excuse” strategy. I first explained the rule to each of my sales people. Then if during a sales meeting a sales person started to offer any form of excuse I would interrupt and say “excuse me Bob, can I buy a week’s groceries with this excuse that you’re starting on?” They would say no, and then I would say “then let’s focus on a real way that we can get this sale across the line.”
This crazy “grocery rule” worked like a charm. Within a few meetings it totally eliminated excuse behavior and turned the whole focus of the meetings into positive, success oriented thinking. The result was that the teams sales figures improved dramatically and my sales team didn’t fear the meeting.
If you are having problems with excuse focused sales staff then why not give my crazy motto a try.