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Please read the case study provided via Microsoft word and answer these following questions.
Does the new distribution and sales strategy make sense from an operational standpoint for B&L? for the distributers? why or why not?
What is the impact of the December 1993 shipments of conventional lenses to distributors on the Bausch & Lomb 1993 financial statements? Is the impact significant?
Do the product shipments in December 1993 associated with Bausch & Lomb’s new sales strategy satisfy the criteria for recognizing revenues? Why or why not? (Note: normally revenue is recognized when it is earned and realizable. An intuitive and useful restatement is “(i) did you finish your end of the deal, and (ii) are you likely to get paid?)
There is one cite you can cite from which is the case study provided if needed.
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