ASSIGNMENT – BMLW5103 MAY SEMESTER 2013 BMLW 5103- BUSINESS LAW ASSIGNMENT OBJECTIVE: To evaluate the students understanding in the element which effect free consent in a contract‚ the issues of repossession under a hire purchase agreement and the formation and dissolution of a partnership. INSTRUCTIONS: Students have to discuss all the questions and justify their answer with correct provisions under respective statutes and relevant precedents. QUESTION 1: a) “In simple language
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TOPIC: Financial Statement Analysis CHAPTER LINK: Chapter 5 Fly-By-Night International Group: Can This Company Be Saved? Douglas C. Mather‚ Founder‚ Chairman‚ and Chief Executive of Fly-By-Night International Group (FBN)‚ lived the fast-paced‚ risk-seeking life that he tried to inject into his Company. Flying the Company ’s Learjets‚ he logged 28 world speed records. Once he throttled a company plane to the top of Mount Everest in 3 1/2 minutes. These activities seemed perfectly
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Provisional Agreement For Sale and Purchase This AGREEMENT is made on Oct2010 AMONG the first party __________________ (ID: ) of ____________________________________ Kln. (hereinafter called “the Vendor”) and; the second party _________________________ (ID: ___________________) of ______________________________________________(hereinafter called “the Purchaser”). NOW IT IS HEREBY AGREED as follow: - 1. The Vendor agrees to sell and the Purchaser agrees to purchase‚ subject to the
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THIS SHARE PURCHASE AGREEMENT is entered into on this [●] day of [March]‚ 2008 at [Mumbai / New Delhi] AMONGST 1) ______________ an individual‚ residing at _____________(hereinafter referred to as a “Seller No. 1” which expression shall‚ unless repugnant to the context thereof‚ means and includes his legal heirs‚ executors‚ administrators‚ and permitted assigns) of the FIRST PART; AND (2) _________ having its principal place of business at _______052‚ (hereinafter referred to as a
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Fly By Night Fly By Night International was founded by Douglas C. Mather in the mid 1970’s. He started the company as a pilot training school. Then he branched out into government contracting. He used his “rent-an-enemy” fleet to the Navy and Air Force for use in fighter-pilot training. The company experienced great success during the first five years of its operations and the stock price almost doubled. However‚ in year 14 the company started a rapid descent. The company did not have enough
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Fly-By-Night International Group: Case Study After reviewing Fly-By-Night International Group’s financial statements there was a lot of evidence that signaled the cash flow problems experienced in mid-year 14. The first problem I encountered was the company’s accounts receivable had steadily increased‚ rising faster than sales from year nine through year 14. The inventories also increased during the same time period. When accounts receivable is rising faster than sales it indicates that Fly-By-Night
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Introduction Question 1 Question 2 Question 3 Case Study 2 (Fly – by – Night Airlines) Introduction Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 4 4 6 7 8 10 10 11 12 13 15 15 15 4.0 Conclusion and Recommendation 15 5.0 Bibliography 16 6.0 Declaration by Student 17 1.0 EXECUTIVE SUMMARY This assignment consists of two case studies‚ the Simpson and Selph Ltd and the Fly – by – Nights Airlines. Case Study 1: The Simpson and Selph Ltd‚ a small
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Option A Yr 10 ($) Yr 11($) Yr 12 ($) Yr 13 ($) Yr 14 ($) Yr 15 ($) Yr 16 ($) Yr 17 ($) Yr 18 ($) Yr 19 ($) Yr 20 ($) Yr 21 ($) Yr 22 ($) Yr 23 ($) Yr 24 ($) Cost of planes 0.00 0.00 80‚000‚000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Revenue 150‚000‚000.00 157‚500‚000.00 165‚375‚000.00 185‚220‚000.00 194‚481‚000.00 204‚205‚050.00 214‚415‚302.50 225‚136‚067.63 236‚392‚871.01 248‚212‚514.56 260‚623‚140.28 273‚654‚297.30 287
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\ a. What evidence can you observe from analyzing the financial statements that might signal the cash flow problems experienced in mid-Year 14? There are a few factors that attributed to the cash flow problem in year 14. First‚ one of the most important areas that shows how liquid of a position a company has is by analyzing the difference in the current ratio and quick ratio over a period of time. The current ratio is current
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Fly-By-Night case 1. The biggest evidence I found about Fly-By-Night’s cash flow problems while looking at its financial statements was the reckless expenditures on fixed assets compared to their sales. As we can see‚ cash flow from investing went from ($5‚437) to ($52‚879) to ($34‚260) between the years 12‚ 13 and 14‚ while cash from operation went from $2‚110 to $16‚902 to $9‚883 between the years 12‚ 13 and 14. Even though there were large increases in long-term borrow during that time‚ long-term
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