Eye Vision Case 10-11 Eye Vision Inc, a long-standing medical device manufacturer, has signed a contract to sell Holland Hospital the Clear View Laser and a two-year separately priced maintenance plan for $1 million and $0.2 million respectively. On a when-and-if available bais, Eye Vision Inc. will provide software updats that is embedded with the Laser to maintainance purchasor. The software has never been sold without Laser for its functional necessity. In this memo, as explained below, we conclude that: 1. Eye Vision’s arrangement with Holland Hospital is not within the scope of ASC 985-605, Software: Revenue Recognition. 2. The deliverables in this arrangement are the Clear View Laser, embedded software, and maintenance plan,…show more content… Regarding the maintenance plan, it does have stand alone value to the consumer. Any past or new owner of the laser can choose to purchase the maintenance plan independently for additional servicing as needed. We conclude this has a standalone value to the consumer and should be accounted for as its own unit. The second criterion states, "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." The agreement states that there is no general rights of return. Therefore this is not applicable. Each unit of accounting must be evaluated accordingly for the proper revenue recognition technique. Alternative / Opposing Approach It can be argued that when the Clear View Laser with the embedded software and maintenance plan are purchased together, they can all be accounted for as one unit. This is based off the idea that the maintenance plan has no stand alone value to the consumer in the event the Clear View Laser is not purchased in unison. According to ASC 605-25-25-3, "In applying the guidance in this Subtopic, separate contracts with the same entity or related parties that are entered into at or near the same time are presumed to have been negotiated as a package and shall, therefore, be evaluated as a single arrangement in considering whether there are one or more units
Chapter 5: Diseases and Conditions of the Eye and Ear Word Definitions 1. Arteritis – Inflammation of an artery or arteries. 2. Bilateral – having two sides; pertaining to both sides. 3. Dilated – the condition, as of an orifice or tubular structure, of being dilated or stretched beyond normal dimensions. 4. Edema – The swelling of soft tissues as a result of excess fluid accumulation. 5. Excision – resection; removal of a portion or all of an organ or other structure. 6. Hemorrhage…
PHYSICS PROJECT TO STUDY THE OPTICAL LENS OF A HUMAN EYE Eyes are organs that detect light, and convert it to electro-chemical impulses in neurons. The simplest photoreceptors in conscious vision connect light to movement. In higher organisms the eye is a complex optical system which collects light from the surrounding environment; regulates its intensity through a diaphragm; focuses it through an adjustable assembly of lenses to form an image; converts this image into a set of electrical signals;…
Course Synthesis Chapter 1: The Science of Psychology From lecture, some of descriptive methods most draw me attention, such as case study, naturalistic observation, and laboratory observation. In detail, case study is useful to me for the fact that each time I study a case much carefully, there are always something new and interesting conclusions coming out. Also, I like naturalistic observation for that a more realistic result can be got in this experiment setting. In addition, I find that laboratory…
that are observed and measured, but not manipulated a. Variable: anything that can take on different values B. Two important points to keep in mind: 1. No matter how strong two variables are correlated, one cannot make predictions for individual cases; there always will be exceptions. 2. No matter how logical it may be, if all you know is that two variables are correlated, you cannot infer a cause- and- effect relationship between them. 6. Independent & Dependent Variables A. Independent Variable:…
Journal of Vision (2007) 7(13):14, 1–10 http://journalofvision.org/7/13/14/ 1 How many objects can you track?: Evidence for a resource-limited attentive tracking mechanism Department of Brain and Cognitive Sciences Massachusetts Institute of Technology, Cambridge, MA, USA George A. Alvarez Steven L. Franconeri Department of Psychology Northwestern University, Evanston, IL, USA Much of our interaction with the visual world requires us to isolate some currently important objects from other less…
English 11 5th period 10 October 2014 A Picture for a Word: The Vision of Scott Fitzgerald A person can describe a picture in many unique ways, but a symbol can define a word and a create a vivid message for the reader. Scott Fitzgerald uses theses symbols to bring a point across that the world can be depressing and bleak. Some of these symbols include cars which represents recklessness, another is the valley of ashes that represents poverty and hopelessness, and another symbol is the eyes of T…
Max 11/5/12 Eng. 101 9:30-11:00 "Seeing" by Annie Dillard: 1) According to Dillard, lovers and the knowledgeable can see well. Yet she also suggests that those who are knowledgeable on a topic, such as people who have been blind from birth and can suddenly see (due to an opperation), can perhaps view more objectively the world around them, and see it in a way that those with vision from birth cannot. Infants, she says, can see very clearly, for they are viewing the world for the first time…
6/29/2012 Module 4 Week 4 Head, Neck, and Related Lymphatics, Eyes and Ears Identify the anatomy and physiology of the structures of the head, neck, ears, eyes, nose, throat and mouth. ◦ Develop questions to be used when completing the focused interview. ◦ Describe the techniques required for assessment. ◦ Differentiate normal from abnormal findings in the physical assessment. ◦ Describe the developmental, psychosocial, cultural, and environmental variations in assessment techniques…
particularly orbits of the eyes, nasal bones, and mandible Slide 8: The neck The neck(cervical spine) ● the 7 cervical vertebrae provide support for the head and protection for the spinal cord Slide 9: the neck cont ● first cervical vertebra (C1) is called the atlas ● the atlas articulates with occipital bone to form R and L atlantooccipital joints ● the second cervical vertebra (C2) is called the axis ● the skull and C1 articulate as a unit with C2 to form the atlantoaxial joint Slide 10: Head injuries in Sports…
Analysis of Communication Skills: A Self-Assessment "The power of vision is the starting point. Once you have established your goal, you need to develop your communication skills so that you can share your vision with the rest of the world and create something unique," Tips on starting your own winning business. (2011, March 9). This statement is true. I consider my communication skill good to excellent. As the daughter of two school teachers I have an excellent command of the English…