. Acquisition of Business ACQUISITION OF BUSINESS BY A LIMITED COMPANY‚ GENERALLY‚ REFERS TO THE PURCHASE OF A NON-CORPORATE BUSINESS LIKE SOLE- PROPRIETORSHIP OR PARTNERSHIP FORM OF BUSINESS BY A COMPANY. THIS DOES NOT NECESSARILY MEAN THAT A LIMITED COMPANY CANNOT ACQUIRE THE BUSINESS OF A CORPORATE BODY‚ I.E.‚ ANOTHER LIMITED COMPANY. BUT STRICTLY SPEAKING‚ THE ACQUISITION OF BUSINESS OF A LIMITED COMPANY BY ANOTHER LIMITED COMPANY COMES UNDER THE PURVIEW OF “AMALGAMATION‚ ABSORPTION AND
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affairs will be appointed. If a person is a debtor he is expected to repay his debt and failure to do so comes with harsh penalties. If a person is found guilty of not repaying a debt‚ the punishment varies in severity and escalates as time goes by without satisfying the creditor. At first a person is given a grace period‚ thirty days to repay his debt at the end of thirty days if the debt is not satisfied the debtor is handed over to the creditor where the debtor may be put in stocks or fetters for up
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The Civil Code of the Philippines AN ACT TO ORDAIN AND INSTITUTE THE CIVIL CODE OF THE PHILIPPINES The Civil Code of the Philippines - At a Glance Preliminary Title Articles 1-36 Book One Articles 37-413 Book Two Articles 414-711 Book Three Articles 712-1155 Book Four Articles 1156-2270 \REPUBLIC ACT NO. 386 AN ACT TO ORDAIN AND INSTITUTE THE CIVIL CODE OF THE PHILIPPINES PRELIMINARY TITLE CHAPTER I EFFECT AND APPLICATION OF
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profits and interest payments Interest Cover IC = Operating profit / Net interest 2011: IC = 103.3/10.0 = 10.33 2012: IC = 141.3/30.9 = 4.57 2013: IC = 127.2/37.5 = 3.39 Liquidity Current ratio Quick ratio (or “acid test”) Inventory Days Debtor Days Creditor Days Current ratio CR = Current assets / current liabilities Measures (in a crude way) the relationship between assets which will shortly mature to cash‚ and liabilities which will require cash settlement within one year or one operating
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1. INTRODUCTION OF THE STUDY 1.1 GENERAL INTRODUCTION "FINANCE" is the lifeblood and nerve system of any business organization. Just as circulation of blood is necessary in the human body to maintain life finance is very essential to the business organization for smooth running of the business. Financial management involves managerial activities concerned with the acquisition of fund and the business purpose. The finance function does with procurement of money taking into consideration
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reorganization. In Chapter 11 the debtors are usually given the opportunity to keep their assets and continue to operate their business but this is done under the supervision of the courts. This is for the beneficial of the creditors so that they can get pay. In most cases a trustee is appointed to supervise the proceedings. Chapter 11 is one of the most flexible Chapters to do‚ in that it is the hardest to generalize and can be expensive to the debtor. It however can help the debtor to reduce the obligations
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sales revenue which is a good result and competitive against other airlines. Debtor days improved since last year and Easyjet tends to convert credit sales into cash slightly quicker. Creditor days on the other hand tend to be law however slightly higher than debtor days and showed an improvement since last year by 3‚65 days. This means that Easyjet pays to their creditors after they collect the debts from their debtors. Gearing Gearing or leverage remains law at 28% and went down from last year
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people can negatively influence their peers. 5. Don’t throw stones at your neighbours‚ if your own windows are glass. Don’t do anything that can be used against you. 6. Creditors have better memories than debtors. The creditors remember who he loaned money to and they don’t forget the person owed them. The debtors remember but don’t bring it up. 7. If Jack’s in love‚ he’s no judge of Jill’s beauty. It wouldn’t matter if jill was ugly because jacks is in love. 8. He that scatters Thorns
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Nietzsche presents in describing the descent towards guilt. Creditor and debtor relationship "I have already let it out: in the contractual relationship between creditor and debtor‚ which is as old as the very conception of a legal subject’ and itself refers back to the basic forms of buying‚ selling‚ bartering‚ trade and traffic." (p.43 2nd essay) see pg 49 for more quotes "Through punishment of the debtor‚ the creditor takes part in the rights of the masters: at least he‚ too‚ shares
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ANSWERS TO AICPA QUESTIONS CHAPTER 10 INTELLECTUAL PROPERTY RIGHTS AND THE INTERNET 1. (a) Computer software is covered under the general copyright laws and is therefore usually copyrightable as an expression of ideas. Answer (b) is incorrect because copyrights in general do not need a copyright notice for works published after March 1‚ 1989. Answer (c) is incorrect because a recent court ruled that programs in both source codes‚ which are human readable‚ and in machine readable object
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