Reading and Interpreting Carnival Corporation’s Balance Sheet Carnival Corporation is the largest cruise company in the world.

Reading and Interpreting Carnival Corporation’s Balance Sheet Carnival Corporation is the largest cruise company in the world. The following item appears in the current liabilities section of it’s balance sheet included in the Form 10-K for the year ended November 30, 2015:

Best Custom Essay Writing Services | EssayBureau.com

Revenue and Expense Recognition Guest cruise deposits represent unearned revenues and are initially included in customer deposit liabilities when received. Customer deposits are subsequently recognized as cruise revenues, together with revenues from onboard and other activities, and all associated direct costs and expenses of a voyage are recognized as cruise costs and expenses, upon completion of voyages with durations of ten nights or less and on a pro rata basis for voyages in excess of ten nights….

Required

1. What economic event caused Carnival to incur this liability? Was it an external or internal event? 2. Describe the effect on the accounting equation from the transaction to record the customer deposits. 3. Assume that one customer makes a deposit of $1,000 on a future cruise. Determine the effect on the accounting equation from this transaction. 4. What economic event will cause Carnival to reduce its customer deposits liability? Is this an external or internal event?

find the cost of your paper

critically analyze the influential factors that might explain why your two chosen structures are being adopted instead of, and are more beneficial than, traditional approaches towards organizational administration.

There are a number of emerging approaches that modern organizations are adopting to structure their organizational administrative functions. In Module 2 concepts of outsourcing, shared services and call centers are….

If it is true that most millennials tend to be narcissistic, to what extent should managers lavish them with praise for ordinary accomplishments, such as being punctual?

Provide an example that you have observed of a person who has very high analytical intelligence but is quite lacking in practical intelligence, including common sense. If it is true….

OFFICE WORKSPACE AUDIT

PROJECT A – OFFICE WORKSPACE AUDIT (70 marks) An office ‘workspace’ is the space where an employee usually sits when performing their office-related or administrative tasks. Imagine that the Administration Manager of….