PART 1 TESCO PLC Tesco was founded in 1919 by Jack Cohen‚ when he purchased the shipment of tea from T.E Stockwell and later in 1924 combined the initial of the names (TES) with the first two letters of his surname (CO). The first TESCO store was opened in Burnt Oak‚ Middlesex in 1929. Tesco is now operating in 14 different countries around the globe with almost 5000 stores worldwide and it is one of the largest retailers around the world. According to Kantar worldpanel‚ 2012 Tesco covers
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Contracts undertaken in fraud of creditors a. existing credit prior to the contract to be rescinded b. fraud on the part of the debtor c. creditor cannot recover his credit in any other manner 4. Contracts which refer to things under litigation 5. All other contracts specially declared by law to be subject to rescission Article 1382 ▪ Payments made in a state of insolvency ***Payments made in state of insolvency for obligations to whose fulfilment the debtor could not be compelled at the
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over two years‚ using the following ratios (you will need to present your results): * Current ratio * Acid test ratio * Gearing * Asset turnover ratio * Inventory turnover ratio (if appropriate) * Receivables (debtors’) days * Payables (creditors’) days * Gross profit margin * Net profit margin * Return on capital employed (ROCE) * Dividend per share (if information is available) (40 marks) Ratio | 2010 | 2011 | Current Ratio=Current assetsCurrent liabilities
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International liquidity. External debt. 1. International Liquidity: concept‚ structure optimization. International Liquidity has different meanings in international economic relations‚ in a limited sense‚ reflect the ability of international liquidity to finance the balance of payments deficit on account of foreign currency cash and other assets held by the monetary authority (central bank) of a country. More broadly‚ international liquidity is the ability of the country (or group of countries)
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to meet expected cash outflows as they fall due. Expected cash inflows include: - cash revenues‚ receipts from debtors (from accounts receive bale) and other receipts (i.e. long term loans‚ bank overdrafts and additional funds put inot the business by the owners) Expected cash outflows include: - cash purchases of inventories or supplies‚ payments to creditors (i.e. suppliers or lenders)‚ payment of wages‚ cash expenses‚ cash outlays for the purchase of non current assets (i.e. purchase
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|PORTFOLIO GUIDELINES | | |FOR | | |NATIONAL CERTIFICATE (VOCATIONAL) | | |
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credit.” Therefore‚ creditworthiness is an evaluation of credit risk of a prospective debtor‚ this can be an individual‚ a business or a government predicting its ability to pay back the debt and forecasting of the likelihood that the debtor will default. a.
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TOPIC 1: ACCOUNTING BASES‚ POLICIES‚ AND CONCEPTS ACCOUNTING BASES - These are the methods used for applying fundamental accounting concepts to financial transactions and items‚ preparing financial accounts‚ determining the accounting periods in which revenue and costs should be recognized in the profit and loss account‚ and determining the amounts at which material items should be stated in the balance sheet. - Examples of accounting bases include: Methods of calculating depreciation Methods
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Solutions/ Recommendations [1]One fact is undeniable: Someone is going to have to pay for past debts. It could be the people in debtor countries‚ or the banks‚ or the people in advanced industrial countries. Most likely it will be some combination of these three groups. In the last ten years‚ there have been a variety of proposals which‚ unfortunately‚ usually reflect only the special interests of the groups proposing them. Generally speaking‚ these solutions fall into three categories: repudiation
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Case Study: Tech Ltd Introduction In deciding whether Tech Ltd is a company that we would buy‚ we evaluated the profitability‚ liquidity‚ efficiency‚ financial leverage and market ratios of the company. Profitability The profitability ratios of Tech Ltd tells the story of an improving company with healthy profitability. The gross margin has been fairly steady at a return of around 16% for the past 2 years‚ and the net margin is showing that the business has become more efficient at generating
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