THE NEGOTIABLE INSTRUMENTS LAW I. FORM AND INTERPRETATION Section 1. Form of negotiable instruments. - An instrument to be negotiable must conform to the following requirements: (a) It must be in writing and signed by the maker or drawer; (b) Must contain an unconditional promise or order to pay a sum certain in money; (c) Must be payable on demand‚ or at a fixed or determinable future time; (d) Must be payable to order or to bearer; and (e) Where the instrument is addressed to
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“FACt.” Case: Vizio‚ Inc Frame: VIZIO is founded in 2002 by William Wang‚ with a startup capital of $600‚000. The company produces high-quality flat-panel televisions at affordable prices. From 2002 to 2007‚ it realizes continuous growth and expansion. VIZIOR earns razor-thin margins‚ at a time when other famous brands such as Sony and Samsung still focus on high-end customers and charge a very high price for flat-panel television. By the end of 2007‚ VIZIO reached $1.9 billion in revenue and
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There are many Classical and Baroque instruments that are interesting and still used today. At the time beginning in the early 17th and 18th Centuries German‚ French and Italian composers were writing complex and expressive music. Baroque music was related to Church and court life. This was a time when wealthy people enjoyed parties and dancing. Instruments like the violin‚ harpsichord‚ clavichord and lute were being used for single melody and highly complex compositions. In the beginning of the
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NEGOTIABLE INSTRUMENTS NEGOTIABLE INSTRUMENT According to Section 13 (a) of the Act‚ “Negotiable instrument means a promissory note‚ bill of exchange or cheque payable either to order or to bearer‚ whether the word “order” or “ bearer” appear on the instrument or not.” A negotiable instrument is a document guaranteeing the payment of a specific amount of money‚ either on demand‚ or at a set time‚ with the payer named on the document. Examples of negotiable instruments include promissory
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RUN‚ INC. Case 1) What are the practical differences in the accounting for a change in estimate and a correction of an error? Why might managements prefer one approach to another? What pictures do the two accounting presentations paint for readers outside the company? A change in estimate is a normal and ongoing process of a company. It usually arises from the appearance of new information that alters the current situation. Accounting for a change in estimate is treated prospectively. Companies
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Instruments: The Heart of Africa The history of African musical instruments is rich and diverse as the people that populate the African continent. Because music is so deeply rooted in African culture‚ knowing about African instruments helps you understand the continent as well as the people. Apart from Africans themselves‚ this knowledge is usually restricted to ethnomusicologists and historians. The roots of African-American instruments are buried deep within the music of the African continent
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Chinese Instrument: Guzheng Done By: Ng Yee Ru 5Care Introduction Of Guzheng The guzheng or gu zheng (Chinese: 古 筝 ‚gǔzhēng) is a traditional Chinese plucked string instrument. It has 18 to23 or more strings and movable bridges. The guzheng is similar to Japanese koto ， the Mongolian yatga‚ the Korean gayageum ， and the Vietnamese đàn tranh. The guzheng should not be confused with the guqin. Guqin is another ancient Chinese string instrument without bridges. History Of Guzheng The early
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DRAPER INSTRUMENTS Individual Case Table of Contents Executive Summary 3 Introduction 4 Issues 5 Analysis 6 Performance Evaluation 6 Inventory Management 6 Considerations for Action 6 Performance Measurement 6 Inventory Management 7 Considerations in Transitioning to a (Total) JIT System 8 Recommendations 8 Short-term 8 Long-term 12 References 13 Appendix 17 Appendix A: A: Traditional Performance Measures (Financial Objectives) 17 Appendix B: Non-Traditional Performance Measures
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aggregate wealth-creating capacity may be greater. [Because EVA‚ like ROCE‚ is also usually based on a "snapshot" or short time series of data.]•Is it valid to mix accounting and market measures as EVA does?Q3. Calculate EVA and MVA from Outsource Inc and whether it could be used as an incentive system for its employees. Ans: Operating Current Assets (OCA)= Current Assets - Short term investments= 438‚685 - 61‚047= $ 377‚638Operating Current Liabilities(OCL) = Current liabilities- Notes payable=
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Case Assumptions & Observations: 1. In 1990‚ L.L. Bean received 87% of its revenue from customers who purchased merchandise through their mail order catalogs. The remaining 13% of revenue was realized through their single company store in Freeport‚ Maine. 2. They print twenty-two catalogs (or "books") with four primary seasonal catalogs: spring‚ summer‚ fall‚ and Christmas. Additionally there are various specialty catalogs: Spring Weekend‚ Summer Camp‚ Fly Fishing‚ etc as well as a smaller "prospect"
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