receiving the money from the lender. When the privilege of borrowing has been extended‚ the borrower is usually expected to pay interest in addition to the amount borrowed. Interest is the price of money. When referring to credit‚ interest is the charge for borrowing money. Types of Credit: There are two types of installment credit: open-end (revolving) credit and closed-end credit. * Closed-end credit is a loan which the borrower must repay the amount in a specified number of equal payments.
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TOPIC: FLOATING CHARGE AS A MEANS OF SECURITY IN CORPORATE FINANCE MEMBERS ODO Ifeoma Matric. No. 109061033 ARINOLA Abisola Ajoke Matric. No. 109061098 AWAJI Cecilia Matric No. 109061026 FALADE Olaronke Matric. No. 099061090 LECTURER: DR. DAYO AMOKAYE AND DR. TUNDE OTUBU TABLE OF CONTENT INTRODUCTION CHAPTER 1 DEFINITION AND NATURE OF FLOATING CHARGE CHAPTER 2 CREATION OF FLOATING CHARGE CHAPTER 3
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Page1 Future Express‚ The Future Express‚ The Court of Appeal (Civil Division) 29 July 1993 Case Analysis Where Reported Case Digest [1993] 2 Lloyd’s Rep. 542 Subject: Shipping Keywords: Bills of lading; Cargo; Delivery; Insolvency Summary: Bill of lading; c & f contract; bank named as consignee; property passing separately from bill; buyer insolvent; delivery of cargo without production of bill; whether bank becoming pledgee of goods; whether bank having title to sue; whether shipowner
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REPORT ON ACCOUNT RECEIVABLE MANAGEMENT TATA STEEL Prepared by www.AssignmentPoint.com Date: 21-05-202 EXECUTIVE SUMMARY The project deals in “account receivable management at Tata Steel”. Receivable management is one of the most important aspects of the organization‚ as it deals with the management of the outstanding. The profit of the company mainly depends on the accounts receivables. Therefore it needs a careful analysis and proper management. Debtors occupy an important
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Accounts Receivable Turnover = Net Sales/Average Net Account Receivables Accounts receivable turnover ratio measures the effectiveness of a company in extending credit and collecting debts. It is an activity ratio that measures how efficiently a firm uses its assets. Year ABC DEF GHI Industry Average 2012 31‚ 053/988 = 31.43 16‚842/1‚282.5 = 13.13 5‚160/618 = 8.35 17.64 2013 32‚722/1‚042 = 31.4 18‚657/937 = 19.91 5‚858/494 = 11.86 21.06 In this table you see the accounts receivable turnovers from
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AN EVALUATION OF ACCOUNTS RECEIVABLE MANAGEMENT BY MANUFACTURING FIRMS IN NAKURU MUNICIPALITY [pic] RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE IN BACHELOR OF COMMERCE (ACCOUNTING OPTION) SCHOOL OF BUSINESS KABARAK UNIVERSITY APRIL 2008 DECLARATION This research project is our original work and has not been presented for the award of any diploma or degree in any other university or college or any other institution of higher learning. Signature______________________________
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Qs.4. Could anything have been done differently at Lehman Brothers to prevent what happened? Explain. Answer: As Lehman Brothers & their manger were responsible for what happened‚ there are many things that could have done to prevent it. Things that could have done: 1.By ensuring social responsiveness & responsibilities: Managers social responsibilities go beyond making profits to include protecting and improving society’s welfare. On the other hand social responsiveness is when a company
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The ability to sell inventory and collect receivables is critical. In this topic‚ we discuss three ratios that measure this ability. Inventory Turnover. Companies generally strive to sell their inventory as quickly as possible. The faster inventory sells‚ the sooner cash comes in. Inventory turnover‚ measures the number of times a company sells its average level of inventory during a year. A fast turnover indicates ease in selling inventory; a low turnover indicates difficulty. A value of 6 means
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Accounts Receivable Management • Introduction • Goals of Receivable Management • Credit Management • Optimum Credit Policy • Credit of Account Receivable 155 Introduction Accounts receivable represent the amount due form customers (book debts) or debtors as a result of selling goods on credit. “The term debtors is defined as ‘debt’ owned to the firm by customers arising from sale of goods or services in the ordinary course of business.” The three characteristics of receivables the element
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The Gallant Charge of the 54th Massachusetts (Colored) Regiment In United States’ history‚ there has never been a battle as influential and graphic as the Civil War (1861-1865). It was a revolution in several aspects‚ especially in media‚ becoming responsible for the first great surge of artistic representations during events of its time. Several of these depictions included certain aspects of the war such as the literal battlefield‚ fugitives and death--all of which is portrayed in The Gallant
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