THE COMMON PROBLEMS IN BUSINESS ARISING FROM SOLE PROPRIETORSHIP AND PARTNERSHIP AMONG BUSINESSMEN IN TAGUM CITY ____________________ A Research Paper Presented to the Faculty of the College Department ____________________ In Partial Fulfilment of the Requirements in English 2A ____________________ By: Maghanoy‚ Laira M. Luma-ad‚ Chriselle Mae P. Lumotos‚ Flora Mae D. Chapter 1 THE PROBLEM AND ITS SETTING Background of the Study Sole proprietorship and partnership
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Chapter 1 & 2 Summary Accounting is a process of identifying‚ measuring‚ and communicating economic information to permit informed judgments and decisions by users of the information. It is a service activity and the language of business. Its main function is to provide qualitative information that is intended to be useful in making economic decisions. The Accounting process is a series of repetitive activities of recording‚ summarizing and reporting economic transactions from the beginning
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Leasing / Hire Purchase 1. Financing Options • Own Funds • Bank Borrowing / Borrowing • Equity • Leasing • Others Option depends upon • Opportunity cost of funds • Availability of Funds • Debt : Equity Position • Nature of Assets (i.e. obsolescency) 2. What is Lease • Lease can be defined as contractual arrangement where the owner (lessor) of an equipment transfers the right to use the equipment to the user (lessee) for an agreed period
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subsists between person carrying on a business in common with a view of profit’.5 words need to be examine‚first is ‘relation’‚’person’‚‘a business’‚’carried in common’ and ‘with a view of profit’ .We will look into what type of relation they are in‚is the business running carried in common and are they doing the business with a view of profit.The words ‘person’ and ‘a business’ already stated that these 2 person have decided to go a business together.The business is rental off the ballroom and function
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Elements of a High Performance Organization AJS/512 March 24‚ 2013 Instructor: Michele Bradford Developing and maintaining a high performances organization in today society can be challenge‚ organizations must have responsiveness‚ speed‚ and quality that is beyond the reach of individual performance. When the organization has a high performances teams generate commitment and provide the elements that inspire employees to give their very best. need to ensure that they are using an organizational
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Business Law “To create a binding agreement the acceptance must occur‚ and that ‘acceptance’ must be final and absolutely unconditional. This is clear under Australian Contract Law.” As a legacy of being a British colony‚ Australian Law has been very much guided by legislation and case law from England for over two centuries. Even though a number of Acts were passed in the British Parliament gradually enabling the Australian States‚ and from 1901 the Commonwealth‚ to enact their own legislation
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Case : “week 8 federal taxation discussion” Employee Business Expenses" Please respond to the following: As part of his contract at his new job‚ Jim is provided a company car and gas card to go back and forth to work. He sometimes uses the car for out-of-town travel approximately once a month. Jim also uses the car and the gas card for his family vacations‚ dinner‚ etc. Question: Explain the applicable tax law regarding employee compensation and the criteria for deducting expenses Make at least
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1. What is law? (There are 6 functions) A body of rules of action or conduct prescribed by controlling authority. Six functions: keep the peace‚ maintain the status quo‚ preserve individual rights‚ protect minorities against majority‚ promote social justice and provide for orderly social change. 2. What does jurisprudence mean? What does common law mean? Jurisprudence is the philosophy of law. Common law is judicial decisions that don’t involve interpretations of statutes‚ treaties‚ regulations
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International Business Law Chapter 4 Study Guide (Group 8) Under frustration of purpose clause‚ a contract may be excused if the reason for entering the contract has been changed or has been invaluable. If the valuable part of the contract‚ for example a well known concert singer‚ has become ill‚ the contract may be excused due to the illness of the valuable part‚ the singer‚ of completing the contract. Valid Contract: an agreement that contains all of the essential elements and meets all
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Sole Proprietorship: This is a type of business is where the business and the owner are one in the same. Sole proprietorship has its advantages and disadvantages just like every form of business. Sole proprietorship is one of the easiest types of business to create. You as the owner can name‚ organize and carry the business as far as you dream of it going. Sole proprietorship also can have risks; as the owner you cannot bring others into the business‚ so the responsibility of time management
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