land where a building should be constructed by the former. The contract provided‚ among others: the deposit to the account of the lessor-petitioner the amount of 150k representing 30K goodwill money and 120K advanced rental and a stipulation that in case the parties will not agree as to the terms and conditions of the final contract of lease‚ the pre-lease contract shall be declared null and void and the petitioner shall return the deposit plus legal interest. Before final occupancy‚ the petitioner
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Documentary letter of credit When a buyer in one country wants to pay a seller abroad he asks his bank to «issue» or to «open» a letter of credit. It means that the buyer’s bank issues a documentary letter of credit. It is an agreement with banks‚ made by a buyer‚ provided certain conditions are fulfilled. The issuing bank asks its correspondent bank — usually in the seller’s country — to advise and confirm the credit. The advising bank informs the seller that the credit has been opened. As soon
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Ice Cream Division Case Context and Background of the Case The Chattanooga Ice Cream was one of the three divisions of Chattanooga Food Corporation. Since 1992 the sales flattered and profits declined consistently. While US per capita consumption of ice cream diminished‚ the competition in its market increased considerably. In order to remediate the division’s performance‚ Chattanooga Ice Cream took several actions which included the promotion of Charles Moore to head of the division in 1993‚
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Ch 10 – Credit Analysis and Distress Prediction * The evaluation of a firm from the perspective of a (potential) holder of its debt WHY DO FIRMS USE DEBT FINANCING? * Pros: * Corporate tax shield: interest paid on debt is tax deductible * Management incentives for value creation: focuses management to generate cash flow to meet debt repayment and reduce unjustifiable expenses or investments that do no maximize shareholder value * Costs: * Legal costs of financial
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Credit card debt is a very big problem that is being faced by a lot of people who have been irresponsible and undisciplined in the use of their credit card. Though some might have landed up with credit card debt due to some unfortunate event/emergency in their life‚ most people carry a credit card debt due to their own wrong doings (i.e. wrong usage of their credit card debt). There are a lot of ways to pay off credit card debt and a lot of people do achieve this feat (i.e. are able to pay off credit
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mitotic cell division‚ meiosis‚ and fertilization in the human life cycle. Mitosis allows for growth and repair from the fertilized egg to the adult. In reproductively mature individuals‚ meiosis creates gametes with half the genetic material. The male gamete then fertilizes the female gamete during sexual reproduction‚ forming a zygote with a full set of genetic material. 2. Why are both cell division and apoptosis necessary for the development of an organism? Cell division is needed to
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practices. 4. To assess procedures available for Agricultural credit rating. ABSTRACT I did my summer internship in ING Vysya bank. It was a Agriculture and rural banking department and it is located at JK towers Amritsar‚punjab. On the first day I met the branch manager of the bank MR.Ramneeksingh. He assigned me my mentor Mr. sawindersingh who was the relationship manager of the Agriculture and rural banking division of ING Vysya. In the first week he gave me two files of the company
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After reading Chapter 4‚ I will answer the questions on page 153 one and two. In my personal opinion‚ Shelby should pay the $ 800 on her credit cards. She will only owe $ 1600 more if she puts the money on her balance. On questions two‚ Shelby should adjust her withholding taxes and put a little more in her savings account. Follow these four steps to determine which calculations to use. First‚ Shelby needs to establish your maximum tax bracket for federal income taxes. Second‚ she needs to
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A CASE STUDY OF LUBAGA DIVISION (KAMPALA DISTRICT) Background Lubaga division is one of the divisions that makes up the city of Kampala‚ Uganda. The division takes its name from Lubaga‚ where the division headquarters are located. Lubaga Division is in the western part of the city‚ bordering Wakiso District to the west and south of the division. The eastern boundary of the division is Kampala Central Division. Kawempe Division lies to the north of Lubaga Division. Neighborhoods in
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department. Rooms Division Task A a) A discussion of the key aspects of legislation and regulatory requirements relevant to rooms division operations. Assessment Criteria 1.3 - Discuss legal and statutory requirements that apply to rooms division operations. Room division is an important element of the tourism management. Management of room division ensures good housekeeping and deals with the management of front office and other operational services. Management of room division requires managers
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