The government implements programs to assist individuals in living a better life. In 2009 a program called Cash for Clunkers or CARS (Consumer Assistance to Recycle and Save Act) was created to help get old makes and modeled automobiles off of the road (U.S. Department of Transportation Press Release). This program allowed individuals to voluntarily trade in and purchase vehicles under this act. This program helps consumers pay for a new‚ more fuel efficient car or truck from participating dealers
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THE CASH REGISTER The modern cash register or till is made up of 4-5 parts. A cash drawer: Is usually located under the register and holds cash and receipts from transactions. A manual input: A keyboard with the regular qwerty or a custom input pad and a number pad to manually enter barcodes. A scanner: A scanner can be handheld or stationary and is used to scan barcodes which are then added to your bill. A display screen: The screen shows you all the items that you have scanned and their
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Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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CHAPTER 2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends
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Commercial Law Property 4 Ownership/Possession: 4 ‘Finding’ Cases 5 Personal Property 6 Bailment 8 Nature And Classification Of Bailments 8 Duties Of Bailee 9 Duties Of Bailor 11 Termination Of Bailments 12 Special Types Of Bailee 13 Agency 15 Definition Of Agency 15 Creation Of Agency 15 Nature And Scope Of Agent Authority 16 Duties Of Agent 17 Rights Of Agents 18 Liabilities Of Agents 19 Termination Of Agency 21 Particular Types Of Agents 22 Statutory Regulation Of Agents
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changes in cash and cash equivalents of an entity by means of a statement of cash flows‚ which classifies cash flows during the period according to operating‚ investing‚ and financing activities. Fundamental principle in IAS 7 All entities that prepare financial statements in conformity with IFRSs are required to present a statement of cash flows. [IAS 7.1] The statement of cash flows analyses changes in cash and cash equivalents during a period. Cash and cash equivalents comprise cash on hand and
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Traditional Trade Finance Definitions Product Definitions for Trade Finance BAFT-IFSA Global Trade Industry Council February 2012 Product Definitions for Traditional Trade Finance Section 1: Introduction Banks have long provided trade finance services - processing information‚ managing documents‚ providing financing‚ and facilitating payments related to trade transactions through various products. With the advent of technology‚ new variations of trade finance products (specifically new
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Demographic: - Commercial cards enabled customers to receive consolidated spend data for all countries within Asia. - Clients can benefit from in consistency in products‚ delivery‚ and services. - Only balanced card issuers are able to deliver local-currency and local-language programs to clients worldwide by using its own proprietary systems and customer service operations. b. Technological: - New technology required major investments in people‚ risk‚ and technological services that some banks were
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introduced. However‚ there have been issues associated with the efficiency and effectiveness of the same. Rampant leakages and corruption have made many of the schemes and programs dysfunctional. Direct Cash Transfer to the poor has been aimed to mitigate these malaises. Need for Direct cash Transfer: Recent studies by the Planning Commission have shown that the Public Distribution System has become so inefficient that 58% of the subsidized grains do not reach the targeted group and almost
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discounted cash flow (DCF In finance‚ discounted cash flow (DCF) analysis is a method of valuing a project‚ company‚ or asset using the concepts of the time value of money. All future cash flows are estimated and discounted to give their present values (PVs) — the sum of all future cash flows‚ both incoming and outgoing‚ is the net present value (NPV)‚ which is taken as the value or price of the cash flows in question. Using DCF analysis to compute the NPV takes as input cash flows and a discount
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