Business entity concept This concept assumes that‚ for accounting purposes‚ the business enterprise and its owners are two separate independent entities. Thus‚ the business and personal transactions of its owner are separate. For example‚ when the owner invests money in the business‚ it is recorded as liability of the business to the owner. Similarly‚ when the owner takes away from the business cash/goods for his/her personal use‚ it is not treated as business expense. Thus‚ the accounting records
Premium Balance sheet Generally Accepted Accounting Principles
International Business Concepts 1st Concept: Sovereign Wealth Funds Sovereign Wealth Funds are investment funds controlled by governments holding great amount of stakes in foreign businesses aiming to gain profits and stimulate its national economy. Charles Ortel‚ reporting for Washington Times‚ expresses our urgency as a nation to create an American Sovereign Wealth Fund. If our government soon capitalizes $1 trillion‚ America can succeed in reaching and over passing other countries that currently
Premium United States North America Public finance
Union Tank Car Company Firm and Industry background: Union Tank Car Company (UTC) is one of the leader companies in the manufacturing and leasing of railway tank cars in north America‚ having the second largest fleet of privately owned tank cars in the world (55‚920 cars). Throughout the years UTC was strong financially with high Revenues and profits as shown in the company’s financial statements. The tank cars industry is too specialized‚ requires high capital investments and a special
Premium Time Leasing Capitalism
The Rental Heart When you are in love it’s like everything in your life seems better‚ but when you break up and your heart breaks it’s like everything that was good before shatters. But what if there was a way for you not to feel the heartbreak. That’s the reality in the story “The rental heart”. In the story we get introduced to a world where instead of feeling the pain of heartbreaks‚ you can just change your heart at the local heart rental place. The main character in the story is a person
Free Fiction Science fiction Love
Andrew Brown CIS 5620 Dr. Hendricks August 28‚ 2012 CASE STUDY: UPS COMPETES GLOBALLY WITH INFORMATION TECHNOLOGY QUESTIONS: 1. What are the inputs‚ processing‚ and outputs of UPS’s package tracking system? Inputs | Processing | Outputs | Smart Label created and attached to package (customer inputs various types of data) | Information from label about the sender‚ the destination‚ and delivery date is transmitted to UPS computer center | Package information is read by computer and
Premium Customer service Cargo
Abbreviations 1. AAIFR - Appellate Authority for Industrial and Financial Reconstruction 2. BIFR- Board for Industrial and Financial Reconstruction 3. CLB – Company Law Board 4. NCLT – National Company Law Tribunal 5. NCALT – National Company Law Appellate Tribunal 6. SICA - Sick Industrial Companies (Special Provisions) Act‚ 1985 Table of Cases 1. RDF Power Projects Ltd v. M. Muralikrishna‚ (2005) 124 Comp Cas 184 (AP) 2. Union of India v. R. Gandhi‚ President
Premium Judge Supreme Court of the United States Court
Enterprise rent-a-car I. Background information a. About ERAC A private car rental business with a fleet more than 850 000 vehicles‚ founded in 1957 Based in St Louis‚ Missouri‚ serving US‚ Canada‚ Germany‚ Ireland and Puerto Rico and UK Largest car rental company in North America Highest customer satisfaction for rental car and rental car in airport 95% of customer say they are satisfy with the service Largest purchaser of car in the world b. Marketing mix Customers: ERAC serves these 3
Premium Strategic management Balanced scorecard Car rental
Enterprise Rent-A-Car(ERAC) defined its service differently than that of the typical national car rental company? (1) As the current CEO says”put customers first because if they are satisfied‚ they’ll come back. Then come the employees. By making sure they are happy‚ well informed‚ and part of a team atmosphere‚ they will provide the best service possible. If you put the customers and the employees first‚ the bottom line will happen.” (2) The second difference is that the company has a clearly target
Premium Car rental companies Car rental Renting
Behavioural business concept School of Behavioural ( derived from organization theory and organization and management ) was established in the years 20‚30 . The twentieth century. Based on the assumptions school relationships and rich achievements in the field of human behavior in organizations. Representatives of this approach are: E. Mayo ‚ D. McGregor ‚ Ch. Argyris ‚ A. Maslow . The turning point in the development of the concept of behavioral studies have been conducted in the Western Electric
Premium Management Psychology Behavior
Case Study - Enterprise Rent-A-Car 1. How has Enterprise Rent-A-Car (ERAC) defined its service differently than that of the typical national car rental company? Basically‚ ERAC focuses on customers’ convenience. In order to support their convenience‚ ERAC has established a lot of its branches over the regions‚ which makes the company offer rental service within 15 minutes. In addition‚ it provides customers shuttle service to bring them at their homes‚ offices‚ or repair shops without fee. So‚
Premium Car rental companies Car rental ACRISS Car Classification Code