PRESENTATION ON MANAGERIAL ACCOUNT BY ID-1406065 ID- 1406067 ID- 1406071 ID- 1406073 ID- 1406079 Dobojit Chakama Md. Shahadat Hossain Md Saiful Islam Md Mustafizur Rahman A B M Khaled Haider 1 Assignment • Memofax‚ Inc.‚ produces memory enhancement kits for fax machines. Sales have been very erratic‚ with some months showing a profit and some months showing a loss. The company’s contribution format: • Income statement for the most recent month is given below: Sales (13‚500 units at $20 per
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Part A Relevant Law Relationship of Partners to Outsiders Common Law Position An outsider has two possible grounds to recover from the partnership – where the partner has actual authority or apparent authority. Actual authority: the authority of a partner to do acts clearly stated and agreed to by the other partners (whether written or oral). Apparent authority: the authority that the partner appears to have to third parties (e.g. buying and selling goods‚ receiving payments‚ issuing
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Acme Fireworks Margaret E. Bridges Brian Lahargoue BUS 311 Business Law 1 Growing Acme Fireworks There is much to consider when expanding a business. How will you make‚ market‚ and distribute your product. Are you willing to take full liability for your product and understanding the legalities of what happens if your product is defective? Once that has been established‚ it’s important to make sure that your business dealings are in order. The strength of the contract and what
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FINAL EXAM Ruth carelessly parks her car on a steep hill‚ leaving the car in neutral and failing to engage the parking brake. The car rolls down the hill‚ knocking down an electric line. The sparks from the broken line ignite a grass fire. The fire spreads until it reaches a barn one mile away. The barn houses dynamite‚ and the burning barn explodes‚ causing part of the roof to fall on and injure a passing motorist‚ Jim. Can Jim recover in negligence from Ruth? Why or why not? Negligence
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TASK 1 (A). SOLE TRADER : Is a business which is owned and manages by one individual‚ who is self-employed and in some case employ other people on either a full time or part time basis. EDEXCEL HNC/HND BUSINESS (2009). A sole trader normally use his own personal funds/capital to start the business and he decided on types of goods or services to produce‚ the location‚ what capital or funds is required etc examples of sole traders are self employed plumbers‚ news agents‚ local
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1. Definition of Law As defined by Steven J. Skinner and John M. Lvanncevich‚ A law is a standard or rule established by a society to govern the behavior of its members. Federal‚ state‚ and local governments‚ constitutions‚ and treaties all establish laws. Laws have a direct and substantial impact on how business firms conduct various activities. Law‚ as it is‚ is the command of the Sovereign. It means‚ law has its source in sovereign authority; which is accompanied by sanctions‚ and the
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Teacher to Teacher Dialogue Agency law is very important in a basic undergraduate law course in that it represents a synergy of two otherwise distinctive bodies of law: contracts and torts. Because these topics are a precondition to a good foundation to agency‚ I never teach agency before having taught both contracts and torts. In addition‚ I have found it useful to remind students of the constant interplay that goes on between these two areas of law. For example‚ I will go through the creation
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17 Small Business Organizations N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. A sole proprietor does not own the entire business. ANSWER: F PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 2. In choosing a form of business organization
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Contracts Cyril made two contracts. The first was to have his house painted one month from the date of the written contract. The second was for his neighbor’s 1957 Ford Thunderbird. Each contract was definite and clear in all respects. As to the house painting‚ Cyril inquired with the painter as to when the work could begin. The painter explained that he was extremely busy and was not sure if he could fulfill the contract. Cyril flew into a rage and immediately hired someone else
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State of Utah v. Travis Dee Timmermann FACTS: In the early morning of June 30‚ 2007‚ the Timmeran’s neighbor heard a woman screaming “stop it!” and “help me!” Around 7:00 am‚ the neighbor notified the police. Officer Mclelland asked Mrs. Timmeran to fill out a witness statement. In her three page statement‚ Mrs. Timmeran wrote that Mr. Timmeran repeatedly to hit her and force her to have intercourse. Another police officer asked her to submit to a sexual assault examination at the hospital. At
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