BUSL301 - TUTORIAL QUESTIONS 1 (1) Why would you choose to run a business as a partnership? (2). A and B are in partnership as accountants. Without B’s knowledge‚ A‚ in the name of the partnership‚ entered the following transactions‚ although he had no express authority to do so: (i) (ii) purchased new office stationery and equipment for the firm. purchased shares to the value of $15‚000 in the partnership name in an exploration company soon to be floated on the ASX. (a) (b)
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CHAPTER - I INTRODUCTION 1.1. WORKING CAPITAL MANAGEMENT Working capital may be regarded as life blood of a business. Working capital management is a process of planning and controlling the level and mix of the current assets of the firm as well as financing these assets. A study of working capital is of major importance to internal and external analysis because of its close relationship with the day-to-day operation of a business. Even in a well-established business with a long history
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intended to protect companies from creditors while it undergoes restructuring in an effort to stave off liquidation. By doing so‚ the company continues business‚ pays taxes‚ and provide jobs but is allowed time to reorganize to triumph over its economic hardship (Hartman‚ 2005). The ethical challenge is to use Chapter 11 as it is intended – as a restructuring tool to avoid losing everything – rather than file for Chapter 11 as a way of cheating its creditors out of owed money. Hartman suggests
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personality‚ agency | Salomon v A Salomon & Co Ltd [1897] AC 22 is a landmark UK company law case. The effect of the Lords’ unanimous ruling was to uphold firmly the doctrine of corporate personality‚ as set out in the Companies Act 1862‚ so that creditors of an insolvent company could not sue the company’s shareholders to pay up outstanding debts. Contents [hide] * 1 Facts * 2 Judgment * 2.1 High Court * 2.2 Court of Appeal * 2.3 House of Lords * 3 Significance * 4 See also
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INTRODUCTION In common usage‚ ‘Company’ means an association of persons associated for some common purpose. The common object may be business‚ charity‚ research etc. The persons are united for achieving a common objective‚ normally‚ for earning profits‚ which are shared by the investors. Definition of Company: Section 3 (1) (i) of the Companies Act‚ 1956 defines a company as: “A company registered and formed under this Act or an existing company.” The above definition does not give clear
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Garden State Container Corporation Financial Analysis and Forecasting Prepared By Team MA3: Case 36 March 18‚ 2013 Garden State Container Corporation manufactures boxes and other containers for farm products. 85 % of the company’s sales come from the northeastern part of the United States‚ although their patented egg cartons are distributed throughout the United States. Jim Jackson‚ the founder and president of the company recently received a call from Martha Menendez‚ vice president of Atlantic
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Introduction In December 1996 Marvel Entertainment Group filed for bankruptcy. Marvel came up with a reorganization plan that meant that Perelman‚ Marvel’s largest shareholder‚ would invest $365 million in exchange for 427 million newly issued shares. Carl Icahn‚ one of the main bondholders‚ did not support this plan. On March 7‚ 1997‚ a confirmation hearing was scheduled at which both parties would vote on the proposed reorganization plan. In this case study‚ we will first look at why Marvel
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indicated in his will that his share was to be transferred to his son Andrew. According to the text‚ under joint tenancy‚ all are co-owners of equal shares and may sell their shares without the consent of other owners. Their interest can be attached by creditors ( ‚ p. 354). Since
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Key Concepts All readings are useful. If you complete them before class you will find the materials covered in class much easier to understand than if you do not. At the same time‚ this is an Introductory Course and we do not expect you to remember all content for midterms and final. For this reason‚ we are summarizing the points from each chapter that we think are most important that you understand and remember. You may use these as a guide for preparing your own study notes. If you are confused
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Computer Lab - Practical Question Bank FACULTY OF COMMERCE‚ OSMANIA UNIVERSITY ----------------------------------------------------------------------------------------------------- B.Com (All Streams) III Year W.E.F.2010-11 CORPORATE ACCOUNTING Time: 60 Minutes Record : 10 Skill Test : 20 Total Marks : 30 Note: Problems are to be solved by using computers
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