MAYNARD COMPANY (A) Balance Sheet: Statement of Financial Position I. STATEMENT OF PROBLEM Diane Maynard’s bookkeeper has quit and a friend was asked to help her address the following issues at her company: 1. Prepare the Balance Sheets as of June 1 and as of June 30. 2. Compare the financial condition of the company in these two periods. 3. Explain why retained earnings did not increase by the amount of June net income. 4. Comment on the value of Maynard Company to its shareholders
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1. The decision in Williams v Roffey moved away from the actual technicalities of finding traditional consideration‚ to actually looking at the factual benefit which a promisor may gain. In this sense it was stated that the duty to perform an existing contract could be good consideration so long as some kind of benefit went to the promisor‚ whereas previous to this performance of an existing contract was in fact no consideration‚ (as stated in Stilk v Myrick). This decision developed the doctrine
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the trustee company ”)‚ which was a private company formed to act as trustee in connection with other benevolent schemes of Mr. Vandervell; its members were all professional advisers of Mr. Vandervell. Between 1958 and 1961‚ Mr. Vandervell caused Vandervell Products Ltd.‚ which he controlled‚ to declare dividends on the College’s shares. In 1961‚ the trustee company exercised the option and the College transferred the shares to it. In accordance with the terms of the option‚ the company paid E5‚oOO
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The Hexadecimal Company I. Problems A. Macro 1. Company resistance to change. 2. “Us” versus “them” view of practitioners forms company’s viewpoint. B. Micro 1. Professor/external practitioner ended too soon; did not provide direction or continuity. 2. “In-group” image perpetuated by OD group. 3. President too involved in details at beginning. 4. “Internal” consulting group was mostly outsiders and not accepted by the company at large. 5. OD group had little familiarity with nature of
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29. Introduction 30. The decision of the House of Lords in Salomon v Salomon & Co Ltd [1] evinces the accuracy of Gooley’s observation that the separate legal entity doctrine was a "two-edged sword".[2] At a general level‚ it was a good decision. By establishing that corporations are separate legal entities‚ Salomon’s case endowed the company with all the requisite attributes with which to become the powerhouse of capitalism. At a particular level‚ however‚ it was a bad decision. By extending the
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GENERAL DUTY OF CARE 3 3.0 SUMMARY OF CASE “DONOGHUE V STEVENSON” 3 3.1 ACTIONS TAKEN BY DONOGHUE 4 3.2 THE RESPONSE OF MR. STEVENSON 5 4.0 THE IMPLICATION OF CASE 5 5.0 THE JUDGEMENT 6 6.0 THE CONCLUSION 7 7.0 REFERENCES 8 1.0 INTRODUCTION Introduction to students the Lord Atkin’s concept of general duty of care‚ summary of the case “Donoghue v Stevenson” and its implication. It will also briefly explain
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Ethical Company Paper IBM (International Business Machines) is the world’s largest information technology Company in terms of revenue and by most other measures‚ a position it has held for about the past 50 years. IBM manufactures and sells computer‚ hardware and software‚ and it offers infrastructure‚ hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM derives revenue from a range of consulting and outsourcing services. With the advent of the
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Customer Relationship Management Helps Chase Card Services Manage Customer Calls Q1: what function of customer relationship management systems are illustrated in this case? Ans: The functions of customer relationship management systems that are illustrated are touch point‚ which is a method of interaction with the customer such as a telephone‚ email‚ customer service desk‚ conventional mail‚ website‚ wireless device or retail store. Another CRM system that is used is an Analytical CRM which
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in Strategic Human Resource Management Submitted to: Mrs. Roxanna Castro Submitted by: Chua‚ Donna Jane M. BSBA-HRDM3 Yummy Company (Background of the Study) Yummy Company goes to Davao Yummy company is a producer and marketer of fruit juices packaged dried fruits‚ and canned jams made from all natural exotic tropical fruits. The company has been in the business since 1960 and its primary plant is located in Tagaytay City‚ Cavite. It distributes its products locally and exports
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I. COMPANY BACKGROUND Khanna Manufacturing Company Limited (KMC) is engaged in manufacturing rubber-based products used in a variety of commercial applications. The company is located in Noida near Delhi and is one of the leading suppliers of these products to a large number of companies engaged in manufacturing automobile accessories‚ electronic and light engineering products. In recent years‚ KMC has been able to face the intensified competition in this business and has been growing rapidly. The
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