SALES Chapter 1 Nature and From of The Contract ------------------------------------------------- Art. 1458: By the contract of sale one of the contracting parties obliges himself to transfer the ownership of and to deliver a determinate thing‚ and the other to pay therefore a price certain in money or its equivalent. ------------------------------------------------- ------------------------------------------------- A contract of sale may be absolute or conditional. COMMENT: 1)
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A01 Profit and loss account: A profit and loss account calculates the amount of gross and net profit that a business takes on an annual basis; it also outlines the loss which has occurred through the business‚ through necessary overheads. There are many aspects included within a profit and loss account‚ all of which I am going to briefly explain. It is important to have a profit and loss account within a business to enforce correct usage of the money. The company will be able to see where the business
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INDIAN SOCIAL STRUCTURE AND VALUES & ETHICS IN BUSINESS : NATURE AND TYPES OF INDIAN SOCIETY : 1) Tribal Society : The tribals are economically‚ educationally and politically backward as compared to the non-tribals. One scholar has called tribal people “Backward Hindus”. However there is a sizable number of Tribals who are Christian. The tribes of India before independence were considered animistic by the by religion Census authorities. Distinction was made between those who were Hindu and
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and outlie of Profit and Non-profit facilities. Profit services provide excellent care with best out come in healthcare organizations as they have challenging business for rewarding customers. While non-profit services are the services worked by the government funding‚ their packaging usage is less and one of the best thing is that they have public who give their time and money for the organizations. Now a days‚ I believe that in any health care companies for non-profits and for-profits can become
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Is Profit Maximisation always the major objective of a firm? The production of goods and services in our economy today takes place within organisations‚ whether in the centrally planned economy or free market economy. Any firm within these societies all have the same tendencies to acquire a successful business. Attaining this succession through mission statements‚ goals and objectives is simultaneous through all businesses. Changes in these objectives can have forcible effects on the decisions
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Profit Maximization Marginal revenue is the change in revenue which comes from the sale of an additional unit of output. The relationship with total revenue is that total revenue is used in the formula to calculate marginal revenue. A company can calculate marginal revenue by dividing the change in total revenue with the change in output quantity. Because of demand‚ as production quantity increases the revenue per unit will decrease. On the other hand‚ marginal cost is the change in the total
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ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
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For Profit Vs. Not For Profit organizations: I would like to start with the more interesting type of organizations to discuss and that is not for profit organization (NPO). The first advantage to NPO is simply tax exemption (IRS‚ 2012)‚ once an organization meets certain criteria and is approved as a NPO‚ it doesn’t pay tax on its income. It is very important to understand here that the money saved from not paying tax is reinvested in such organization to either continue providing the type of services
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the slow periods and generate additional gaming revenues. Terrence Wei‚ the new property president‚ feels that his department managers appear to be in conflict with each other. The managers of each department have expressed concerns when it comes to running their department under the profit center approach. Overall‚ complementary costs and allocated overhead included in the direct costs pose more of a problem in determining the amounts to allocate. More specifically‚ the hotel manager complained
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Essai sur Un Papillon dans la cité The Basics: Length: 500-700 words Required Format: MLA (see link on Moodle if you’re unsure what this is.) Draft Due: Thursday March 6th Paper Due: Thursday March 20 Sujets possibles : 1) Dans le roman‚ on trouve de nombreuses descriptions de rêves. Quels types de rêves (ou de rêveries) remarquez-vous dans le roman‚ et comment‚ ces rêves‚ fonctionnent-ils ? Qu’est-ce qu’ils révèlent ? (à considérer : l’association entre les rêves/les cauchemars
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