Scenario 1 Energy Inc. has a present obligation (IAS 37-17) and probable liability (ASC 450-20-25-2) on December 31‚ 2011 as a result of a past event‚ the contamination of the land‚ because it is virtually certain that a draft law requiring cleaning up will be enacted. It is probable (more likely than not) that Energy Inc. will be required to transfer economic benefits in settlement which is an outflow of resources embodying economic benefits in settlement (IAS 37-23). The amount of the obligation
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Visa‚ Inc. IPO Keller / Devry Managerial Finance - FIN-516 Visa American Express and the Diner’s Club were the forerunners in the consumer credit card business issuing their first cards to approximately 200 people in the mid to late 1950’s. The cards were mainly used for restaurants and entertainment purposes and the balances had to be paid immediately. In the summer of 1958‚ Bank of America (which would later grow and spinoff Visa and also become spinoff itself as the Bank of America Corporation
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Marine Corps customs and courtesies are very important to the way the Marine Corps works. They are intended to reinforce discipline and the chain of command‚ showing how Marines will treat their superiors. They also enhance esprit de corps and unity. This is what makes the Marine Corps the brotherhood that it has become. Military courtesies include correct forms of address like; Sir‚ and Ma’am‚ and when each should be used; the salute‚ and standing at attention‚ proper wear of military covers‚ and
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Overview Blades‚ Inc.‚ is a USA based company that has been in corporate in the United States for three years. Blade relatively is a small Company‚ with total assets of only $200 million. The company produces only a single type of roller blade. Ben Holt the CFO of the Blades Inc. Financial Information Total assets of was only $200 million and first year net income of $3.5 million. Return on asset is 7%. It stock price has fallen from high of $20 per share three years ago to $12
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HISTORICAL BACKGROUND OF THE NIGERIA CUSTOMS SERVICE. 1. INTRODUCTION The present-day Nigeria Customs Service is Paramilitary Organization‚ which operates under the supervision of the Federal Ministry of Finance as an arm of the Nation’s Law Enforcement and Revenue System. It remains the most important sector (after crude oil) that generates substantial revenue for the development of the Nigeria economy. By virtue of the Customs and Excise Management Act No. 55 of 1958 (Cap. 84 of the
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BLADES‚ INC. CASE Assessment of Future Exchange Rate Movements As the chief financial officer of Blades‚ Inc.‚ Ben Holt is pleased that his current system of exporting “Speedos” to Thailand seems to be working well. Blades’ primary customer in Thailand‚ a retailer called Entertainment Products‚ has committed itself to purchasing a fixed number of Speedos annually for the next 3 years at a fixed price denominated in baht‚ Thailand’s currency. Furthermore‚ Blades is using a Thai supplier for some
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Synopsis BPO‚ Inc. is a professional service organization that offers clients a range of services from risk management and insurance to management consulting. The company has grown and profited from the developing trend in the 90’s and 2000’s of companies outsourcing business processes‚ such as human resources and claims processing. Presently‚ BPO has launched a six sigma initiative to identify areas for process improvement and financial savings in the Human Resource Outsourcing department. Concurrently
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as the home and the community as well as in its formal venue such as school‚ it endeavors to gradually introduce the individual to the world of society living where sharing and collaborate are needed for the continued existence of communal life. Customs Administration students who finished the degree levels respectively who are actually teaching are being traced especially on their actual job‚ lifestyle‚ social acceptance‚ prestige value whether they implement what they attained knowledge‚ attitudes
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preliminary to a customary marriage‚ a young man‚ by force‚ takes a girl to his home. Questions arise relating to the impact of constitutional principles upon customary law and practice. It is suggested that instead of a prohibitionist stance towards customs that seem to violate human rights norms‚ a benign accommodation of aspects that promote the positive aspects of culture be adopted. This approach leads to a conclusion that South African law should recognise those forms of ukuthwala where the requirement
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Motorola Inc. case précis Restatement of the case Motorola was one of the few American companies that marketed a wide range of electronic products‚ form highly sophisticated integrated circuits to consumer electronic products. The company was organized along product and technology lines. To exploit fully the growing demand for semicustom integrated circuits‚ Motorola organized the Application Specific Integrated Circuit (ASIC) Division in 1984. The division was organized along functional lines
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