OBLIGATIONS From latin words‚ obligatio/obligare – “to tie” or “to bind” Juridical necessity – enforceable to courts 1) CIVIL (positive) and Natural 2) REQUISITES OF OBLIGATION a) Active – creditor / obligee – has the right b) Passive – debtor / obligor – has the duty c) Prestation – object / subject matter c.i) Obligation to give (Real Obligation) (c.i.1) Determinate Thing – res perit domino – thing perishes with the owner (c.i.1.a) Standard care – diligence of a good father / if the
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Law Of Purchase And Sale Definition-: A sale is a contract in which one party delivers a thing to another who on his part promises to pay a certain price i.e. exchange of property for a price which is exchange of a merx for a pretium. A contract by which one party delivers‚ transfers or promises/ agrees to deliver or transfer a thing to another who in turn promises to pay a certain price in money consideration. Essentials Agreement-Animus-Intention Animus venendi – agreement
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4.1 Net Profit Margin 12 4.2 Operating Profit Margin 13 5. Return Ratios 14 5.1 Return on Equity 14 5.2 Return on Capital Employed 16 6. Efficiency Ratio 17 6.1 Asset Turnover Ratio 17 6.2 Inventory Turnover Ratio 18 6.3 Debtors Turnover Ratio 19 6.4 Creditors Turnover Ratio 20 7. Liquidity Ratios 21 7.1 Current Ratio 21 7.2 Quick Ratio 22 8. Solvency Ratio 24 8.1 Debt to Equity Ratio 24 8.2 Interest Coverage Ratio 25 9. Cash Conversion Cycle 26
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1. What are the two types of consumer credit?? Two types of consumer credit are closed-end and open-end are . With closed-end borrower pay back a one-time loan in a specific number of payments and period of time. With open-end credit borrower is permitted to take loans on a continuous basis and is billed periodically. 2. Match the following key terms with the appropriate definition. a. closed-end credit b One-time loan paid back in a specified time in payments of equal amounts. b. open-end
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Manual sales invoices were no pre-numbered Implication Current recommendation Future Recommendation It is time consuming if they want to refer to the specific customers’ details‚ credit term‚ amount due to DESB Request for the debtors that still have outstanding amount to the company to make payment within the specific time‚ 2 months‚ by giving 10% discount for those who made the payment during the first month. Give manual numbering to the Sales invoices Assign
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Steps In Confirmation Process The steps in the process of confirming receivables follow: Step-1. Obtain Aged Schedule of Accounts Receivable The auditor should obtain an aged schedule of accounts receivable as of the confirmation date. He or she should apply the following procedures to this schedule: Determine that totals are correct. Compare all or a selected sample of account balances with the account balances in the accounts receivable subsidiary ledger. Investigate credit balances.
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of debt and equity. The aim is to justify the financing decision for a long term. The second part of the report evaluates the performance of Apple’s working capital management practices. This part relies on the ratio analysis. Current Ratio‚ Debtors‚ Creditors and Inventory days will be calculated over a three years period. The data is gathered from the Yahoo Finance. In order to make the analysis more meaningful there will be a benchmarking with a main competitor. The last part of the report
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Analysis and explain trends of the accounting ratios you have calculated in P3 (M2) Profitability Profitability ratios measure the profit of the firm in relation to another by comparing profit with sales. Profitability ratios figures shows how profitable a business is and it’s another great way to analyse the company’s overall performance compare to other businesses. If the company is making more profit shows that they are performing well and are good at managing their cost. These are 3 different
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Chicken Run Case Leading Strategy | Analysis/Issue | Recommendations | Audit & Investigations | The account of Cold Gold Sdn Bhd has been outstanding for a substantial period of time and its amount is relatively significant. | * To address the problem‚ delay doing transaction with Cold Gold immediately. Request for payment first to avoid the amount to be more significant. If there is a need to extend the credit before they pay the amount‚ further authorization from the credit controller
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due. (735 ILCS 5/12-112). This “sole intent” intent standard is different than the standard required to prove a transfer of property was fraudulent pursuant to the Fraudulent Transfer Act. Under the Fraudulent Transfer Act‚ a transfer made by the debtor is fraudulent as to the creditor if
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