Internal Control and Accounting Systems The following report covers the AAT ICAS unit. The report covers the area of credit control within the organisation and makes recommendations for its improvement. The report was researched through the internet‚ written information and trade journals as detailed in appendix. 1. Cookridge Carpets Ltd is involved in the sale of carpets‚ soft furnishings and beds. They are the main dealer for “Memo@memory” foam beds and mattresses in
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Economics Notes 2011-2012 Contents SECTION 1 – MICROECONOMICS Chapter 1 : page 2 Chapter 2 : page 6 Chapter 3 : page 10 Chapter 4 : page Chapter 5 : page 11 Chapter 6 : page Chapter 7 : page Chapter 8 : page Chapter 9 : page Chapter 10 : page Chapter 11 : page Chapter 12 : page SECTION 1 – MICROECONOMICS 1. The foundations of economics Economics – Social science‚ a study of people in society and how they interact with each other. A study of rationing systems‚ the
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(Partner relationship and third party relationship) Partner authority Every partner is considered as an agent of firm. Therefore‚ the law of agency lies. (The act of partner binds the firm) However‚ any act of the partner will bind the firm or other partners if its within the partners authority. Authority 1. Actual what is actually stated in the agreement Implied @usual what is normally the authority of a particular partner @ agent.
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INTRODUCTION TO ACCOUNTING ACNT 1303 Lecture Notes GENERAL INFORMATION FOR COMPLETING THE CLASS The following is a summary of the twelve chapters that you will be completing this semester. Be sure that you are taking the time to read and STUDY each chapter. It is important to go through each of the examples in the book and to complete the Review Quiz. Spending time reading and understanding before you start the homework assignment will help you to complete in the exercises and case problems
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that in the stock market no trader is allowed to own more than 40% of the equity of any one corporation. Please describe how you could make arbitrage profits (what must you do) and what your maximum personal gain in wealth would be (profits). NOTE 40+80 = 120>100 Value of the levered firm > value of the unlevered firm Arbitrage argument says buy low sell high‚ sell levered portfolio/buy the unlevered portfolio (Strategy #2)- “sell short the levered firm (overpriced so we sell the stock
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BIOL 2210 Lecture Notes 9/27/2012 Salient Points Bone Formation * Bone formation termed ossification of calcification * Endochondral ossification – Forms all bones below skull (except clavicle) New bone forms from a hyaline cartilage model Bone tissue replaces the cartilage model Begins in the interior of each bone from an ossification center Ossification center – group of stem cells that transform into osteoblasts Long bones – ossification centers in the diaphysis and each
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Exam 2 Study Guide Note: The guide below represents approximately 90% of what will be on your exam. Know this stuff‚ and dig into your notes for anything major I’ve missed here. I’m targeting about 37 questions – all multiple choice. * Review any major-in class examples. Like Enron & Tyco proxy discussions… * Check e-campus for the 5 Exam 2 readings * One “big picture” question from each of the posted WSJ articles * Know definitions of the Corporate-level Strategies
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where it is? Now to answer the question‚ the instrument that is used here is called a promissory note‚ meaning I promise to pay such and such amount by this date. In this particular case the document that states: “I promise to pay to the order of Bob’s Auto Emporium $ 20‚000 with interest at the rate of 7% per annum “‚ granted it is a promise‚ but this one is not negotiable. For a promissory note to be negotiable is has to be in writing‚ it must be signed by the preparer‚ it must be an unconditional
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NATIONAL SENIOR CERTIFICATE GRADE 12 COMPUTER APPLICATIONS TECHNOLOGY P2 (THEORY) NOVEMBER 2010 MARKS: 150 TIME: 3 hours This question paper consists of 15 pages. Copyright reserved Please turn over Computer Applications Technology/P2 2 NSC DBE/November 2010 INSTRUCTIONS AND INFORMATION 1. 2. 3. This question paper consists of SECTION A and SECTION B. Answer ALL the questions. Number the answers correctly according to the numbering system used in this question paper.
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Negligence: All the necessary elements of negligence must be proven by the plaintiff‚ and any possible defence must be countered‚ in order to successfully sue someone for negligence • Negligence is a tort‚ involving another person’s failure to take reasonable care in circumstances where their conduct might foreseeably cause us harm or loss. What is a tort? • The Law of Torts is concerned with minimum standards of conduct expected between people. • To establish liability
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