Tutor note: It is preferable that this is filled in electronically. This form is available on the staff intranet: Click on the ‘Quality’ tab and then the ‘Curriculum Quality Link’ to the right and then ‘Curriculum Quality Procedures’ from the table of contents. Department: ISC- Business | Course Code: SL3BUSFND118 | Course Name: BTEC Level 3 Certificate ate in Business | Unit Number: Unit 2 | Unit Name: Business Resources | Candidate Name: I certify that this is all my own work
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equity side for Lucent Technologies when compared to a year later. Improvements can happen and the situation of the company now can improve as the year progresses so the company won’t look deficit. Question #3: What concerns would investors and creditors have based on only this information? Based on only this information for Lucent Technologies‚ a concern investors and
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Property Plant and Equipment Carrying amount of the Property‚ Plant and Equipment at reporting date of JB-HiFi According to AASB 116 Property‚ plant and equipment held beyond the normal operating cycle of entity are deemed to be non-current assets. Here’s the extract from the report. [pic] Descriptions: Carrying Amount of PPE is $163‚982‚ 000‚ which is made up of the figure of plant &equipment which is $106‚560‚000 add to the Leasehold improvements which is $57‚422‚000 come out as the total
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information about the creditor‚ important dates‚ status of the accounts‚ and contact information that is very crucial in getting in touch with collection agencies and businesses. The next step I would take is to contact each creditor‚ ranging from oldest to most recent‚ and set up a payment arrangement. Creditors are usually tactful about setting up payment arrangements so that the customer is not required to pay the balance in full. One thing to take into consideration is that creditors‚ in most cases
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refers to the procedure through which the affairs of a company are wound up by law. Winding up of a company has been defined in the companies Act‚ 1956 as “the process whereby its life is ended and its property is administered for the benefit of its creditors and its members. An Administrator called Liquidator‚ is appointed and he takes control of the company‚ collects its assets pays its debts and finally distributes any surplus among the members in accordance with their rights.” A Company being a creation
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company ’s creditors can take action only against the company even though sometimes they will not be able to retrieve their money back if the company is liquidated. Furthermore‚ the company is not affected from the death or the decision of a member who withdraws. It might affect the functions of the company but it will still exist. A company owns its own assets. The assets belong to the company; the members have no rights over company ’s property. This provides security to the creditors as the
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testator. ORDER OF PREFERENCE IN GRANTING LETTERS OF ADMINISTRATION 1) Surviving spouse or next of kin. • NEXT OF KIN – Those persons who are entitled under the statute of distribution to the decedent’s property. 2) Any one or more of the principal creditors. 3) Stranger. OPPOSITION OF THE ISSUANCE OF LETTERS TESTAMENTARY [Rule 79‚ Sec. 1] • Any interested person in the will. • He should state the grounds in writing why he is opposing and he may attach a petition for letters of administration. CONTENTS
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Condren together were the shareholders of Condrens. The plaintiffs legal proposition that they relied on in this case where the directors of Condren in their capacity breached duties they owed to Condrens to have regard for the interests of Conderns creditors. The breach was alleged in two aspects: Advances made to a related company of CPL in which the directors of Condrens were directly involved that were in fact irrecoverable from that related company. Allowing CPL to assume liability under
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The requirements of section 135 of the Companies Act 1993 that a company should not be carried in such a way as to create substantial risks of serious loss to a company’s creditors has been criticized as virtually imposing a warranty of solvency. Additionally‚ the taking of substantial business risks is a necessary part of business and there will be many circumstances in which directors who take such risks are not fairly open to criticism if the risks later crystallise1. A literal approach on the
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G.R. No. L-42091 November 2‚ 1935 GONZALO CHUA GUAN‚ plaintiff-appellant‚ vs. SAMAHANG MAGSASAKA‚ INC.‚ and SIMPLICIO OCAMPO‚ ADRIANO G. SOTTO‚ and EMILIO VERGARA‚ as president‚ secretary and treasurer respectively of the same‚ defendants-appellees. Facts: 1. Gonzalo Toco‚ the owner of the 5‚894 shares of capital stock mortgaged these shares to Chua Chiu to guarantee the payment of debt of 20‚000. -These shares were represented by 9 certificates; having a par value of P5 per share
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