Overview Mitten Manufacturing Ltd.’s (MML) sole shareholder and owner‚ Angela Mitten‚ has made the decision to sell her ownership in the business in order to be able to retire in the near future. MML produces children’s mittens and scarves. Prospective buyer‚ John Kachurowski‚ feels that this purchase would result in synergies and economies of scale with his current company that manufactures winter jackets. If this acquisition does go through‚ it is quite likely that the share price would increase
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US involvement in WW1: Causes and Consequences The United States initially intended on remaining entirely neutral in World War 1. We wished to remain neutral in respects to continuing to build our economic trade routes with both the Germans and the British/French. When the British imposed a loose blockade of the German waters in order to slow or stop the amount of supplies the Germans had‚ the Germans resorted to using their submarines to put a blockade of sorts around the British Isles as well
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Is a Lease with Purchase Option A Good Choice for You? Are you having trouble meeting the bank’s strict guidelines for obtaining a mortgage? A lease with purchase option is a viable alternative for anyone looking to buy a home. Understanding what this purchase option really is and what it involves will help you make an informed decision. Since the housing bust of a few years ago‚ lenders have toughened up their lending guidelines‚ making it harder for many people to qualify for a mortgage. Their
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FINANCIAL ACCOUNTING DAC 601 TOPIC: ACCOUNTING FOR LEASES PRESENTED BY: Mbogo Stella Mumbi……………...……...…………….D61/60246/2013 Albert Kalute Maingi……………...……...…………….D61/62221/2013 PRESENTED TO: DR. KAMASARA TABLE OF CONTENTS: 1.0: INTRODUCTION……………………………………………………………………….. 3 1.1: Leasing………………………………………………………………………………….. 3 1.2: Definition of Terms…………………………………………………………………….. 3 1.3 Lease Classification………………………………………………………………………5 2.0: HISTORICAL
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De Lorenzo 1 James De Lorenzo Mr. Misurelli U.S History II B 3 March 2013 The Reasons why the US Entered WWI The First World War erupted on the 28th of July‚ 1914 with the assassination of the Austrian Archduke. This horrific war finally ended on November 11th‚ 1918. The United States didn’t officially enter the war until April 6th‚ 1917. The US entered during the middle of the war and endured the bloody conflict to the very end. Woodrow Wilson‚ the president of the US during
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LLC Operating Agreement LLC operation agreement includes: formation‚ name‚ purpose‚ term‚ name and address of member‚ initial contributions‚ distribution‚ gains/losses‚ management of company‚ decision making‚ withdrawal and dissolution of the company. An operating agreement defines the organization. Such as the purpose‚ power and duration of the LLC. It also as information about the members financial
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contract is a legally binding agreement or relationship that exists between two or more parties to do or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must backed acceptance of which there must be consideration. Both parties involved must intend to create legal relation on a lawful matter which must be entered into freely and should be possible
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Contract is an agreement which can be enforced by law. It has been defined that a legally binding contracts need offer and acceptance in order to create a legal relation. Basically there is a need for a contract to be supported by consideration. In other words‚ in English law of contracts it is required that the parties bring something valuable in exchange for the promise that they have made in that agreement. Therefore a legal consideration converts a social agreement into a legal agreement. According
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technical skill of students. It is highly hopeful to intensify pragmatic approach to functional problems of an organization. Organization study enables one to know the functions of major departments and see the difference between theories and practice. HMT Ltd is a public sector undertaking of the Government of India engaged in the manufacture of engineering goods in diverse areas such as Machine Tools‚ Watches‚ and Tractors‚ Printing Machinery‚ Die casting and Plastic Processing machinery. It was started
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Introduction Lease financing is comparatively a new concept in the financial sector and has got recognition as aninnovative source of finance for accelerating the pace of industrialization as well as economic growth of Bangladesh. Leasing companies have registered substantial growth in lease financing during the year 1985through 1994. Since 1995 to date‚ growth in lease market has significantly slowed down because of sluggisheconomic activities‚ withdrawal of incentives by the government‚ imposition
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