Discharge of a Contract Frustration Frustration refers to the situation when a supervening event occurs‚ for which neither party is responsible‚ with the result that the very basis of the contract is destroyed so that the venture to which the parties now find themselves committed is radically different from that originally contemplated. Frustration should not be used: 1. By a contracting party to escape what has turned out to be a bad bargain 2. Free to make contractual provision
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Sample Questions for Foundation Course (Accounts for Managers) Top of Form 1. Decision makers need information. Which of the following groups rely on accounting information for decision making? 1. managers 2. investors 3. creditors 4. all of the above 2. Which type of business organization is a separate legal entity whose owners are not personally liable for the debts of the business? 1. [pic]proprietorship 2. partnership 3. corporation 4. all of the above
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Introduction For Releases 11i to 12‚ this presentation describes the Oracle accrual processes for periodic (expense) and perpetual (inventory) Accounts Payables Accruals‚ also known as uninvoiced receipts or purchase clearing accruals. Accrual integration between A/P‚ Purchasing‚ WIP‚ Inventory and G/L is discussed. Setup and balancing steps‚ implementation and conversion issues‚ and frequent business issues are discussed. In addition‚ custom reporting is also explored‚ with SQL examples included
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operating problems. B. Describe the design‚ strengths‚ and weaknesses of Kanthal’s existing (old) cost accounting system. C. Describe the design‚ strengths‚ and weaknesses of Kanthal’s new account management system. D. Assume that Kanthal’s products have gross profit margins (sales prices minus volume-related expenses) of 50% and the SEK 800 cost that Kanthal incurs to handle a customer order is one-third the extra cost the company incurs to handle a manufacturing order for a nonstocked item. Use these
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Contents TAX LEG: ITAA1936 [eg. S6(1)]‚ ITAA1997 [eg. S6-5]‚ FBTAA 1986‚ GST Act 1999. Topic 2 – Jurisdiction to Tax taxable payable Tax Payable (s4-10 ITAA1997)= (Taxable income * Tax Rate) – Tax Offsets (Tax/Financial Year = I July – 30 June) – Income tax payable on a year-by-year basis s3-5 ITAA97. Taxable income (s 4-15 ITAA) = Assessable Income less Deductions Assessable Income (s6-1) = Ordinary income (s6-5) and Statutory income (s6-10) but not Exempt income (s6-15). Assessable
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What was the Kanthal president‚ Ridderstrale‚ attempting to accomplish with the Account Management System? Are these sensible goals? Why or why not? The motivation for Carl-Erik Ridderstrale‚ president of Kanthal‚ to develop an Account Management System was to find a process of determining the profitability of individual customer orders. An accurate account measurement system was needed in order to achieve a strategy for increasing growth and profitability without adding a significant amount of sales
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Trump or Paul Ryan say they want to replace the ACA with "Health Savings Accounts" (HSAs)‚ they are also saying they want to replace Obamacare or Medicare or Medicaid with YOU paying for your healthcare. That means YOU pay for chemotherapy... YOU pay for all surgeries and hospitalization... YOU pay for all your family’s doctor visits‚ urgent care‚ ER visits‚ and prescription drugs out-of-our-pocket. A Health Savings Account is just a tax-free way for you to save up money to pay for your own medical
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of working All medication is collected at their allocated pick up point. Medication is checked to see if it is all correct so that if there are any errors it can be dealt with immediately. Any changes to medication are noted on the mars sheet & a note left in communication book for the attention of all staff. If all is ok then the pack is signed & dated that it has been checked & who it has been collected by. Learning outcome 5.2 - demonstrate how to store medication safely All medication is
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fraud. | Trace a purchase order (PO) from fulfillment to initiation to determine if the proper stakeholders approved the PO and if the order was fulfilled correctly. | 2. Independent reconciliation of the monthly bank statements | Compare accounts for discrepancies (posting and summarization). | Examine and ensure that all in house and bank data coincides to prevent and /or correct possible errors. | Obtain originals of the statements pertaining to six months of the audit period and reconcile
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Dance and Improv Club Dance Concert and observing all the the pieces choreographed by both students and professors that included so many different elements of dance there was one piece that really stood out to me from the moment it began. The piece “Among Daffodils” choreographed by Sara Galo performed by a small group of dancers caught my eye for many reasons; the movement style‚ the story that was told‚ performance quality‚ costumes‚ and lighting. When the piece began with a dim lit stage and an
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