Part A (i) the fact arises on Arthur Murray(NS) Pty Ltd V FCT (1965) 114 CLR 314 is that the taxpayer sold prepaid dancing lessons with prepaid fees attributable in part to lessons to be provided in future income years. The commissioner assessed the tax payer on the basis that prepaid fees constituted income derived by the taxpayer when received. The high court concluded that amount received in respect of service to be provided in future years are not earned until the future obligations for which
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black boxes to “demonstrate that Western institutions have indeed degenerated” (Ferguson page 11). The first of these “long-sealed” boxes is “ labelled ‘democracy’. The second is labelled ‘capitalism’. The third is ‘the rule of law’. And the fourth box labelled ‘civil society’” (Ferguson). Each one of these boxes are an important part of how our civilization works. The purpose for revealing these black boxes‚ Ferguson states‚ is “that inside these political‚ economic‚ legal‚ and social black boxes
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Massey Ferguson Case Advanced Corporate Finance The Company Massey Ferguson is a multinational producer of farm machinery‚ industrial machinery and diesel engines. The company was formed through a merger between Massey-Harris and Harry Fergusson in 1953. They combined their skills to become the West’s largest producer of farm tractors and the world’s largest supplier of diesel engines to original equipment manufacturers. Massey’s farm machinery line consists of tractors‚ several harvesters
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Girouard Managerial Accounting 10/3/12 Module 6 Assignment 2 Ferguson & Son Manufacturing company is attempting to increase efficiency and reduce cost by introducing monthly performance reports for each department. Robert Ferguson Jr is trying to introduce this new type of accounting system and when you try something like this you will always run into some problems‚ but Robert is creating a culture of resentment. Robert Ferguson is using a static planning budget to analyze the performance of
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Brian Hobbie Anthropology 105 December 5th‚ 2014 Racism Without Racists In recent news‚ there has been much talk about the Ferguson racial issues. Ferguson‚ Missouri has become infamous for its recent riots and protests. An African American teenager named Michael Brown was shot and killed by a white police officer. What happened on the night of August 1st is Officer Wilson was notified of a robbery and pursued Brown in his vehicle. Wilson came across Brown and was able to stop him with his car.
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Doug Steffen Government Period 4 September 25‚ 2014 Should the United States be the World’s Policeman? Since George H.W. Bush (41) took office in 1989‚ the United States has intervened in several high-risk situations such as the Gulf War‚ military deployment in Iraq‚ and the ongoing War in Afghanistan resulting in thousands of deaths of American soldiers. This is not okay because these soldiers are sons‚ daughters‚ brothers‚ and sisters‚ of fellow American citizens. Although the President can
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1. The expense of cost of goods sold‚ translated at average exchange rates for the year on the income statement was the most responsible for this drop in income. Comparing with 1979‚ this expense increased by US $186.7 million in 1980 and this was the main reason why the loss from continuing operations increased from US $35.4 in 1979 to US $199.7 million in 1980. We can see that the high interest rate and inflation increased the cost of production to a very high level so that a huge loss has been
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CASE ANALYSIS: FERGUSON FOUNDRY LIMITED (FFL) EXECUTIVE SUMMARY Introduction After reviewing the financial statements for the fiscal year ended May 31‚ 2010‚ Mark Ferguson‚ President of Ferguson Foundry Limited’s (FFL)‚ was disappointed with the results. Operating Income was $367‚600 below expectation‚ despite having sold 2‚000 wood stove units greater than budgeted. To determine which areas FFL’s actual performance was better or worse than expected‚ a variance analysis will be conducted
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1. Assess the product market strategy and the financial strategy Massey pursued through 1976. Where possible‚ compare Massey’s strategy with those of its leading competitors. The company had three kinds of products‚ farm & industrial machinery as well as diesel engines. For the farm and industrial machinery‚ North American and the United Kingdom were the largest markets accounting for 81.3% of capacity. For diesel engines‚ the UK accounted for 76.7%. For having success in this kind of business
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Is Fox hunting with hounds cruel to be kind or just cruel? Fox hunting was made illegal in England in 2004. This act was later repealed and two thirds of England’s population are against the repeal of this law. In order to answer the question is fox hunting with hounds cruel to be kind or just cruel we must look at the opinions of both sides of the argument. One of the most impressive arguments for fox hunting is that it is traditional. The minority of the English public are fox hunters
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