1. Whose financial statements should we prepare (e.g.‚ the baron‚ vassals‚ farms‚ etc..?) Solution: The financial statements will be prepared for “Vassals” i.e. for Ivan and Frederick and additionally for “Baron”. 2. What financial statements should we prepare? Solution: The financial statements which should be prepared are as following: Income Statement Statement of Retained Earnings Statement of Cash Flows Balance Sheet 3. What period do these statements cover and
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Baron Coburg (from Anthony‚ Reece‚ and Hertenstein‚ 1995‚ “Accounting: Text and Cases”‚ p. 21) Once upon a time many‚ many years ago‚ there lived a feudal landlord in a small province of Western Europe. The landlord‚ Baron Coburg‚ lived in a castle high on a hill. He was responsible for the well-being of many peasants who occupied the lands surrounding his castle. Each spring‚ as the snow began to melt‚ the Baron would decide how to provide for all his peasants during the coming year.
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unit from question 1 equals to $2.54 per occupied room/day Therefore‚ Contribution Margin = $14 - $2.54 = $11.46 per occupied room/day Question 4. First of all‚ I need to calculate the general expenses of running the hotel during off-season. This would simplify the calculations for alternatives. The general expenses for the off-season are as follows:
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The aspects are the connection or relationship between the contracting parties and the degree of imbalance between the loss suffered by plaintiff and the stipulated liquidated damages. A good relevant case is Ringrow Pty Ltd v BP Australia Pty Ltd (2005) 222 ALR 306. Ringeow and BP entered an agreement in 2005 to purchase a service station. The agreement required Ringrow to purchase fuel only from BP and allowed BP to buy the service station in case of reach of the agreement. After
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COURT OF APPEAL Slater v Clay Cross Co Ltd [1956] 2 QB 264 Full text 17 May 1956 DENNING LJ: In Derbyshire there has been for well over a hundred years a railway line owned by the defendants. We were told that George Stephenson himself made it. The defendants use it so as to carry limestone from their quarries at Crich down to Ambergate. It is a small gauge line‚ only three feet‚ three inches wide‚ and is 2 1/2 miles long. On that small line there are two tunnels. One of them‚ with which we
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3.4 LEIGH ANN WALKER‚ STAFF ACCOUNTANT CASE Leigh Anit Walker graduated from a major state university in the spring of 1989 with a bachelor’s degree in accounting.1 During her college career‚ Walker earned a 3.9 grade point average and was involved in many extracurricular activities‚ including several student business organizations. Her closest friends often teased her about the busy schedule she maintained and the fact that she was‚ at times‚ a little too “intense.” During the fall of
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s8-1 General Deductions provision Sufficient nexus - Reliability and relevance in gaining or producing AI => in the course of Herald Times Weekly v FCT – natural consequence of income producing activity • Taxpayer owner and publisher of an evening newspaper • Claimed deduction for damages and legal expenses to defend and sttle defamation actions • Deemed relevant – the thing which produced the assessable income was the thing which exposed the taxpayer to the liability or
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Mete Yorgan‚ January 22‚ 2008 Cunningham and Attorney General for British Columbia v. Tomey Homma and Attorney General for Canada (1902) The case illustrates the impact of judicial decisions with respect to Provincial Jurisdictions vs. Federal Jurisdictions in Canada. Case Summarized: Tomey Homma was born in Japan. However‚ as a naturalized British Subject‚ he requested to be placed on the registry of voters in the Vancouver electoral district. The Provincial Elections Act of
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Case Background 1st Plaintiff – The World Food Fair Limited (formerly know as wealth state Investments Limited) 2nd Plaintiff – The World Enterprises Holdings Limited Defendant – Hong Kong Island Development Limited (Owner of shopping mall and two plaintiffs are the owners of retail shops) ------------------------------------------------------------------------------------------------------- In 1996‚ after conference‚ the plaintiffs brought an action against the defendant for breach of
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Of the many many concepts learned within the case‚ there were a specific few that stood out among the rest. These would have to be: organelles‚ mutated genes‚ and lastly Leigh Syndrome. First off what is an organelle. In cell biology‚ an organelle is one of several structures with specialized functions‚ suspended in the cytoplasm of a eukaryotic cell (ScienceDaily‚ 2015). Organelles are subunits that are found within the nucleus of a eukaryotic cells and are individually divided because they all
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