Question 1 a) i) Advantages: The first major advantage is by having two people running the business gives the business a lot more flexibility about how to operate compare to sole traders. The second major advantage is the low administration requirements compare to form a company. Disadvantages The first major disadvantage is for partnership there are unlimited liability for Andy and Zara. The second major disadvantage is there is no separation between Andy and Zara to manage and control
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Business Ethics Provisions in company act 2013 with respect to CSR and Corporate Governance Provisions in company act 2013 with respect to CSR and Corporate Governance The long-awaited Companies Bill 2013 got its assent in the Lok Sabha on 18 December 2012 and in the Rajya Sabha on 8 August 2013. After having obtained the assent of the President of India on 29 August 2013‚ it has now become the much awaited Companies Act‚ 2013 (2013 Act). An attempt has been made to
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Introduction to the Company: The industry that I chose is Hotel Industry and the company that I selected is Shangri La Hotel and resort. Shangri-La Hotels and Resorts is a Hong Kong-based company. Their website: http://www.shangri-la.com/. Shangri-La is a differentiated marketing hotel. The company offers different branding hotels to meet different niche groups of customer expectations with a unique Asian hospitality services model such as spa branding hotel and trader hotel. Target Market: Shangri-La
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AirBnb AirBnb is successful online company‚ that provides a tool to connect people who need a sleeping space and people who have spare space. This company does not require credit checks and paperwork; the website of AirBnb is very simple with an easy interface; the prices are not high. All these benefits make the company attractive to customers. According to the Business Model Canvas AirBnb has its customer segments. In my opinion‚ a company serves different customer segments. AirBnb’s service
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Problem Statement What costing System should Landau Company adopt to best depict the company ’s Income Statement? Objectives To adapt an accurate costing system that would depict the monthly income statement of Landau Company. To cite the Pros and Cons of the chosen costing system. To enhance management ’s control efforts and present a rational and balance Income Statement. Areas of Consideration The significant increase of sales in July over June‚ yet income was lower
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TJX Companies Jim Blackwood IT/205 January-9th‚ 2013 Gelonda Martin TJX Companies The TJC Corporation failed to protect its customers by allowing one of the largest security breaches in history. In 2007 they announced that an unauthorized user had accessed their system and compromised over 40 million customers’ data such as credit cards‚ debit cards and personal pin numbers. TJX was using an older security protocol called WEP which had proven to be easy to access by hackers and had
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Luck Companies was founded by Charles Luck‚ Jr. in 1923 in Richmond Virginia; Charlie Luck IV become president and COO in 1995 and CEO 1999 * Family run business that like many small businesses used a “top-down” management style * Built on a “we care” attitude that emphasized integrity and treating people right‚ they created a competitive advantage with their stellar customer service * Competition increased and growing consolidation within the industry started in early 2000’s
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Case Study 2 -Internal Control LJB Company‚ a local distributor‚ has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they go public so he met with a colleague of yours at a local restaurant. The President of the company explained the current system of internal controls to your colleague. Your colleague has since been promoted to a tax
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Managerial Accounting WRITTEN ANALYSIS OF THE CASE BETA COMPANY SYNOPSIS Beta Company produces two Product A and B and standard costs of each product were predetermined by management. During November actual production for Product A was 4‚200 units while Product B was 3‚600 units. For material X‚ 39‚000 pounds were purchased at $14.40 and for material Y‚ 11‚000 pounds were purchased at $9.70. Variance analysis for actual cost versus standard cost should be prepared for the said month
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Investment Companies *Primarily‚ the RA No.2629 also called the Investment Company Act which took effect on upon its approval on June 18‚ 1960 had been the foundation of the investment industry. *Investment Company Act (RA No.2629) *Agreement on Trade Related Investment Measures (TRIMs) - These are rules that apply to the domestic regulations a country applies to foreign investors‚ often as a part of industrial policy. The Agreement was agreed upon by all members of World Trade Organization.
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