Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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Question 1 A patent entitles the inventor of a new product to prevent others from selling‚ manufacturing‚ making‚ marketing or importing the patented product for a limited period of time. This can provide the patent holder with a monopoly position in the market for that product‚ which allows them to charge a higher price and achieve their expected returns (both tangible and intangible). Pharmaceutical companies used this strategy to maintain their market competitiveness and guarantee the returns
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The Critique of My Long March Lang. 3750 100 Dr. Xiaojun Wang The Critique of My Long March In my class‚ on July 1st‚ we watched a movie titled‚ My Long March‚ which was filmed in mainland China. This movie employed 110‚000 crew/actors and spanned over 6‚000 miles of the historical Red Army route. This movie was made in order to commensurate the Seventieth anniversary of the Long March. This film was directed by Zhai Jungie and produced by August First Film Studio in 2006. Zhai Jungie directed
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The First March on Washington In March 1894‚ thousands of the unemployed Americans workers organized a march on the Capital to lobby for the government to create jobs with public works projects. A man named Jacob Coxey led the March on Washington. Coxey was a populist leader who had run for Congress in 1885 as a member of the Greenback Party. The March began with 100 men in Massillon‚ Ohio. It went through Pittsburgh on its way to Washington. Another group came from Maryland. Together‚ the two
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Case Study 2: Cash Connection: Are Its Payday Lender Strategy And Its Business Model Ethical? The Situation: Allen Franks‚ President of Cash Connections‚ a short-term cash lending firm realized that the most profitable endeavor in the check-cashing store industry is to set up stores in towns where no check-cash stores exist. Setting up Cash Connections in these places‚ his business became one of the leading companies in his
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research is likely to fructify in a commercially viable product or process. During the last 5 yeas‚ BITS has seen a healthy growth in the amount of funding received from different agencies. While most of these are from government sector‚ the Institute through its existing collaboration with industries‚ is trying to have greater participation of corporate sector in funding of research projects and this has already started giving
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BUDGETING SIMULATION Q1.Explain and critically analyze the budget that you prepared for the exercise For this exercise‚ estimates‚ budget‚ conditions‚ conditions forecast were the things to be kept in mind. From the conditions that were specified: 1) Weather-the cost can go high if the weather conditions get worse 2) Labor market-the cost can go high or low depending on the availability 3) Stakeholders cooperation-depending on them‚ the cost can also go high or we can even save money 4) Reliability
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Strategic Plan: Riordan Manufacturing Inc. What role should ethical and social responsibility considerations have in Riordan’s strategic management plan? Ethical and social responsibility should be strongly considered in Riordan’s strategic management plan. Companies that support strategic corporate social responsibility focus on factors such as identifying opportunities and threats facing stakeholders‚ managing relationships with stakeholders‚ creating sustainable business practices‚ and most important
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March of the Penguins February 27‚ 2006 March of the Penguins‚ by Director Luc Jacquet‚ demonstrates that sometimes the simplest conflicts in life are perhaps the greatest. This film is penguin versus nature; it’s love; it’s birth; it’s death. Each of the three themes are simple. Each of the themes are clear. The end result is a movie that packs more feeling than anything I have seen in a long time. March of the Penguins presents perhaps the most basic concept of all‚ reproduction. The film
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Title: Sherman’s March to the Sea Name: Institution: Name of Facilitator: Course Name and Number: Date: Abstract This paper describes a campaign that helped decide the American Civil War. A General of the Union army named William Tecumseh Sherman helped lead a campaign that started in Georgia go the sea in Savannah‚ and finish to help aid the main forces in the Carolinas. During this march the soldiers lived off the land and the Southern people’s food and burning anything
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