and promises to accept less) and by contrast estoppels does not apply to promises about the formation of initial contracts Ex. If a creditor promises to accept a smaller sum in full settlement intending the debtor to rely on that promise‚ and the debtor does rely on it‚ the debtor may have a defence of promissory estoppels when sued for the balance by the creditor. The promise will in this way‚ be enforced despite the absence of consideration to support it Promissory estoppel is an equitable doctrine
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ASSIGNMENT #4 WINTER 2013 Multiple Choice Questions Identify the choice that best completes the statement or answers the question. 1. Refer to the above diagram. The phases of the business cycle from points A to D are‚ respectively: A. peak‚ recession‚ expansion‚ trough. B. trough‚ expansion‚ expansion‚ peak. C. expansion‚ recession‚ trough‚ peak. D. peak‚ recession‚ trough‚ expansion. 2. Refer to the above diagram. The straight line E drawn through the wavy
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Unit 5: Business Accounting Amy Doherty P5‚ M2‚ D2 1.0 Introduction In this report I am going to be analysing the profitability‚ efficiency and liquidity of SIGNature Ltd. As shown by their accounts for the year ended 31 January 2010. Ratio Analysis is a form of Financial Statement Analysis that is used to obtain a quick indication of a firm’s financial performance in several key areas. Ratio analysis is good because it helps to compare current performance with previous records
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ACKNOWLEDGEMENT Completion of the project is not a one handed affair. It needs timely guidance‚ co‐operation from the working members and the freedom to work. I am earnestly grateful to Mr. Kamal Manik‚ Dy. General Manager (Finance)‚ JK Tyre & industries limited‚ New Delhi for providing me with an opportunity to undertake a project work in their esteemed organization. I would also like to thank Mr. Sanjay Arora and Ms. Namita Gulati for her constant guidance. Finally‚ I am deeply indebted to all
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remain in use for a longer period. Money invested in these assets is called ‘Long term Funds’ or ‘Fixed Capital’. Business also needs funds for short-term purposes to finance current operations. Investment in short term assets like cash‚ inventories‚ debtors etc.‚ is called ‘Short-term Funds’ or ‘Working Capital’. The ‘Working Capital’ can be categorized‚ as funds needed for carrying out day-to-day operations of the business smoothly. The management of the working capital is equally important as the
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CONFIDENTIAL BM/APR 2003/ACC100/ 107/111/114/115 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE FINANCIAL ACCOUNTING COURSE CODE ACC100/107/111/114/115 DATE 25 APRIL 2003 TIME 3 HOURS (2.45 p.m - 5.45 p.m) FACULTY Business and Management / Administration and Law Office Management and Technology Information Technology and Science Computer SEMESTER December 2002 - May 2003 PROGRAMME/CODE Diploma in Business Studies/BM111 Diploma in Banking /
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Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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sells as it is introduced‚ that is why its FGCP is as low as 1.39 days. But Bajaj is also continuously improving it distribution network and its brand image so as to keep it FGCP low. Debtor’s Conversion Period (DCP): The analysis of “Debtors Conversion period†shows though it is almost linear through the last 6 years‚ there is an upward trend for the last two years. Among the major competitors‚ Hero Honda and TVS shows a slightly better performance in this parameter. The recent
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representing financial value. Securities can be traded within markets such as primary and secondary markets. * * * Stock - Represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business because it
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Definition of Law a. Law is defined as a set of rules and principles by which a community regulates its activities. b. Law is different and yet similar because it can be applied differently across various borders. c. Unlike law‚ internal rules and regulations of clubs‚ societies and other organizations may only be enforced within the group that governs them. d. Law is therefore concerned with the legal rights and obligations of individuals‚ business organizations‚ various entities
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