SureCut Shears Case Write-up The issues presented in this case are mainly due to incorrect assumptions about the market for sales in 1995 and the subsequent retail downturn that followed. More specifically‚ Mr. Fischer (CEO of SureCut Shears) assumed sales and demand in 1996 would be consistent with the prior year. However‚ as noted in the actual financial statements for 1996‚ inventories grew‚ reflecting that demand for its products was not as anticipated beforehand. In addition‚ sales declined
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PTPTN (NATIONAL HIGHER EDUCATION FUND CORPORATION) IS GOOD BUT THE GOVERNMENT NEEDS TO LISTEN TO THE VIEWS OF THE PEOPLE TOO. Wednesday‚ April 18‚ 2012 Now‚ The National Higher Education Fund Corporation) PTPTN is high on the air of Malaysia. People from all walks of life are busy discussing on PTPTN. Politicians play it as one of the national issues on the dawn of the 13th national election of Malaysia. Personally I feel that The National Higher Education Fund Corporation) PTPTN is good
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Introduction In this topic‚ we will try to find out about insolvent trading and how it is happened and while Company becomes insolvent what are the duties for directors in order to save unsecured creditors. We will also find out how directors become liable for their action in regard to insolvent trading and if they breach any law for insolvent trading what are the consequences they have to suffer and also law has given some defences for insolvent trading for directors in order to avoid penalty
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Question 1 of 5: | | | Interview an entrepreneur. The entrepreneur could be the owner of the corner shop‚ a newspaper vendor‚ or your stockbroker. Collect information on how the selected entrepreneur has raised finance for the venture‚ either for starting a new business or expanding an existing business. Prepare a report evaluating the entrepreneur’s strategy for raising the finance from various sources and recommending what should have been done differently. Provide reasons for your recommendations
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Chapter 13 Current Liabilities and Contingencies Part A: Current Liabilities * Liabilities and owners’ equity on the right-hand side of the equation represent the two basic sources of the assets on the left-hand side. * Characteristics of Liabilities 1. Are probable‚ future sacrifices of economic benefits. 2. Arise from present obligation (to transfer goods or provide services) to other entities. 3. Result from past transactions or events. * Current Liability * Obligations
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Directors’ duties in Australia are designed to promote good governance and ensure that directors act in the interests of the company – including putting the company’s interests ahead of their own (A Guide to Directors’ Duties and Responsibilities‚ 2008). In the case of OHS Solutions Pty. Ltd. in order to give advice it must first be known what are the duties and responsibilities of a director and officer. There are three sources of law in which directors’ duties are enforced: the common-law (judge
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No Money? Use Payday Express Nowadays almost everyone needs financial aid to destroy their daily expenses and requirements that are needed immediately‚ and also salaried workers are affected plenty. Concerning the last part within the four weeks people operated in immediate need of money. So to perform sure obligations that they can’t perhaps even wait for then wage advance. Usually‚ the main buyer will not be taking to his friends and family utilizing a concern with stress together with being
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LAPU-LAPU VS. COURT OF APPEALS G.R. No. 126006 January 29‚ 2004 Petitioner: LAPULAPU FOUNDATION‚ INC. and ELIAS Q. TAN Respondents: COURT OF APPEALS (Seventeenth Division) and ALLIED BANKING CORP. Ponente: CALLEJO‚ SR.‚ J FACTS: In 1977‚ four loans from Allied Banking Corporation which is enclosed by four promissory notes amounting P100‚ 000 each was acquired by Elias Q. Tan‚ then President of Lapu-lapu Foundation‚ Inc. The bank was inhibited to file with the Regional Trial
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Business Law II Bankruptcy Law Project Directions: this project will be worth 20 points (10 points + 10 points extra credit). Complete your answers on this paper. Highlight your answers in bold to differentiate them from the questions. Save your project in Word or as an RTF (Rich Text Format) and then upload this assignment to the drop box. In order to do this assignment you must watch the bankruptcy video at http://www.flmb.uscourts.gov/videos/bkbasicsvideo.htm If you have trouble loading
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Spenser Yeager Ethics Final Ethics of Sub-Prime Lending Introduction As a topic for this research paper‚ I decided to analyze the ethics behind the recent mortgage crisis in the United States. Banks were approving people for loans very easily‚ to people they knew would not be able to pay them back. Thus‚ many people were buying homes‚ missing payments‚ getting foreclosed on‚ and ruining what credit they had. Throughout this paper I intend to show how the practices that the banks were
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