Credit card : Asset or Liability Credit card actually replaces the hard money in market. Before the coming of plastic money‚ every one relies on their present income. If possible in present salary then only purchases go on‚ otherwise get shifted to next month. This problem now has been solved with the plastic money. Make payments in the next month but u can purchase now. Any one can judge this plastic money is an asset or liability for a person. Let assume its an asset. How? Right now it makes
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Working capital (also known as net working capital) is a financial metric that measures the day-to-day operating liquidity of a business. It is defined as: Current Operating Assets (Accounts Receivable + Inventory) Minus: Current Operating Liabilities (Accounts Payable) Equals: Net Working Capital. Accounts Payable consist primarily of amounts owed to operating creditors‚ i.e.‚ suppliers of inventory; amounts owed to service providers; and amounts owed to employees (payroll). Operating
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Introduction to Occupier’s Liability in Singapore Occupier’s liability refers to the liability of an occupier of premises arising from the defective conditions or unsafe activities on the premises which result in injury or damage to the plaintiff. In Industrial Commercial Bank v Tan Swa Eng His Honour Lai Kew Chai J rightly held that “the law of occupiers’ liability in Singapore is derived from English common law”. However‚ statues on occupier’s liability in the England are not applicable to
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employees – Fund overheads and other fixed costs – Pay tax due to the Government Managing working capital effectively is‚ therefore‚ a vital part of making sure the business has enough cash to continue INTRODUCTION Managing Current Assets and Liabilities is nothing new to us. We practice it everyday without us notice it. Let us assume you want to reward your self by buying a new car. What are the things you consider? Shall I buy it paying by cash or installment basis? If I pay it by cash‚ a
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NEW DELHI: For long Indian population was considered a curse to the nation. But no longer. Experts say that the Indian population which is supposed to overtake China very soon‚ is asset rather than a liability. Government is stepping towards thinking India’s population to be used to illustrate the country’s huge potential‚ both economic and political‚ experts say. With just 2.4 percent of the global landmass housing 16 percent of the global population‚ successive Indian governments have been
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you ordered. Therefore you are not to blame because the bar did not baby-sit you like they should have. The above statement sounds ridiculous right? Well it actually happens to be a law in 43 different states‚ and that law is called The Dram Shop Liability law. The Dram shop law makes it possible for a bar owner and servers to be held financially liable if a customer becomes intoxicated at their establishment and then injures someone or causes property damage‚ typically by driving drunk. I myself
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commerce liability bill. WHAT IS THE BILL? A civil nuclear agreement between India and United States in 2008 ended New Delhi’s isolation in global atomic commerce and opened up its state-controlled nuclear power market to foreign firms. But the deal could not be implemented until India put in place a compensation regime that limited the liability of private companies‚ especially those from the United States‚ in the event of an industrial accident. So India framed the Civil Liability for Nuclear
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I am assessing Jimmy’s liability for the death of Bruce. This question is set out under the field of Homicide‚ as there has been an unlawful killing. The likely charge against Jimmy is Murder. Murder is defined as the unlawful killing of a human being with the intention to kill or cause GBH. (Moloney) for the first part of the question I will present the prosecution case and for the second part I will present the defence and lastly I will conclude. The actus Reus of murder is the unlawful killing
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Tort Law | Strict Liability | Alabama Law | | Shannon Martin | 12/22/2011 | | Alabama Tort Law is the only truly comprehensive resource on tort law in Alabama. With expert discussion of proof requisites and defenses‚ it covers all the elements of each tort actionable under Alabama law. It provides the information necessary to determine if there is a case and what is needed to prove or defend it. Alabama Tort Law not only provides up-to-date coverage of relevant case law and analysis
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(b) The payment of interest on December 31‚ 2007. (5 points) (c) The restructure on Edsen’s books. (5 points) Part Tow: (20 points) Logan Corporation issued $800‚000 of 8% bonds on October 1‚ 2006‚ due on October 1‚ 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Logan Corporation closes its books annually on December 31. Instructions (a) Complete the following amortization schedule for the dates
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