THE MAİN DİFFERENCES BETWEEN CIF AND FOB CONTRACTS UNDER ENGLİSH LAW CIF contract is that when the seller has delivered the goods or provides them afloat. He has to perform the contract by tendering conforming documents to the buyer. The significant feature of a CIF contract is that performance of bargain is to be fulfilled by delivery of documents and not by actual physical delivery of goods by the seller. 1 2 FOB contract can be described as a flexible instrument. Because‚ the buyer has
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Global Variables This writing assignment will focus on global variables. A global variable is a variable every module in a program can see‚ meaning that the entire program is its scope (Gaddis‚ 2010). There are both advantages and disadvantages to using global variables and it is my intention to explore some of them here‚ starting with the disadvantages. There seems to be a lot to be said about the disadvantages of using global variables. First and foremost the scope itself can be a disadvantage
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Main assumptions of Strain Theory and its contributions to understanding crime In general‚ a group of theories‚ called Strain Theory‚ contends that most people in society share the same goals of achieving wealth and success. But in every society there is division between lower class and their wealthier counterparts. Those people from lower class don’t have the same opportunities that those from upper class do. As a result‚ lower class gets frustrated because they are not able to achieve upper
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Student – Deborah Guest ILM Level 5 Diploma in Principles of Leadership and Management 8610 – 503 Develop Critical Thinking Section 1-Explain the difference between beliefs‚ attitudes and values Our beliefs are assumptions we make and hold to be true. A belief can be delivered to you by many different sources. Whether it be your faith‚ culture‚ your education or from personal experience. Values are based on what is important to you. This could be happiness‚ wealth‚ family‚ your career. Attitudes
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Differences Between GAAP and IFRS The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are working together to eliminate a variety of difference between the United States generally accepted accounting procedures (U.S. GAAP or GAAP) and International Financial Reporting Standards (IFRS). This convergence project grew out of an agreement reached by the two boards in 2002 (Deloitte‚ 2004). On February 24‚ the SEC unanimously agreed to publish a statement
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Explain the various financial statements like balance sheet‚ income statement‚ and statement of cash flow and owner’s equity with its advantages and disadvantages of preparing this statement with an example. INTRODUCTION Financial statements provide information of value to company officers and various external parties‚ such as investors and lenders of funds. Publicly owned companies are required to publish general-purpose financial statements that include a balance sheet‚ income statement‚ and
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interested in the relationship between George Washington and Alexander Hamilton‚ but have heard little about it prior to this book. I was really pulled into this book when I read the second paragraph of the introduction‚ “But one of the more important founding collaborations has been overlooked by readers: the unlikely partnership of George Washington and Alexander Hamilton” (pg XI). This sentence leads to the main point‚ which examines the odd yet critical alliance between Washington and Hamilton.
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Plant No. 2 1. Using budget data‚ how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to planned production? What was the actual cost per unit of production and shipping. 3. Prepare a flexible budget for 180‚000 iPhone 4’s and calculate flexible budget variances using actual costs for August. 4. Estimate
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(Note: This is a continuation of the Cookie Chronicle from Chapters 1 through 3.) CCC4 Cookie Creations is gearing up for the winter holiday season. During the month of December 2011‚ the following transactions occur. Continuing Cookie Chronicle 219 Dec. 1 5 8 9 15 16 19 23 23 23 28 Natalie hires an assistant at an hourly wage of $8 to help with cookie making and some administrative duties. Natalie teaches the class that was booked on November 25. The balance out- standing is received.
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Difference between Finance and Accountants Financial management and account management worked together for the best interest of a business. It is important to know the difference between an accountant and finance managers. The strategy of financial management is to give the business long term goals and specific objectives needed to reach these goals. The goals of are accountant management to maintain an accurate record of the business finance. Financial and Accountant manager enclose different
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