Business Scenarios and Case Problems 9-1. Contracts by Minors…Discuss Kalen’s liability in this situation. Kalen is a seventeen year old boy who rented an apartment for $500 a month‚ after consistently paying for rent for 4 months‚ he decides to return the key and not pay rent for the rest of the remaining months on the contract. I would think that this is classified as “disaffirmance”. Since he is seventeen‚ and a minor when he leaves the apartment‚ he is able to legally avoid his contractual obligation
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Minor project Topic:Changing scenario of women’s wear in India Submitted by-Pryash Singh Objectives:- 1. To explore women’s wear market in India 2. To study prominent women’s wear brands in India 3. To identify opportunities and challenges for the women’s wear brand in India Review of literature Indian womenswear market is undergoing a transformation in the past decade‚ and is growing at an optimistic pace. Increasing number of working women‚ increase in the level of their
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Movie Writing Assignment #1 A League of Their Own is a great film to define ethics. The movie also makes it easier to understand the different ethical systems by relating each system to a character portrayed in it. During the duration of World War II‚ the players of major league baseball were drafted. As a result‚ the MLB used females to fill the teams to keep the American pastime alive. This essay will analyze some of the main characters of A League of Their Own from an ethical stand point
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typically the minimum age for a person to get a tattoo. Why do we have to wait in order to get a tattoo? 45 states have laws about minors getting tattoos‚ and 38 states don’t even allow minors to get them. Why is that? Is it because of the fact that a minor might make a poor decision of tattoo? Or maybe the fact that tattoos should be saved for legal adults. I believe that minors above the age of 13 should be allowed to get tattoos with a parents permission because of the sentimentality a tattoo offers
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Statement Four Revenue recognition issues top the list of reasons for financial reporting restatements and one of the methods for creative accounting practices. Table of Contents Table of Contents 1 Introduction 3 Literature Review 4 Revenue recognition 4 Sale of goods 4 Rendering of services 5 Interest‚ royalties‚ and dividends 5 Creative Accounting 5 To meet internal targets 6 Meet external expectations. 6 Provide income smoothing. 6 Taxation 6 Change in management
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In the play Death of a Salesman‚ the plot is affected by three minor characters: Ben‚ Charley and Howard. The minor characters help the story’s protagonist‚ Willy‚ develop extensively throughout the course of the play; therefore‚ they are key elements in the advancing story line. This story line blends and contrasts Willy’s closest companions‚ Ben and Charley. They represent two aspects of Willy’s ideals. Howard‚ Willy’s boss‚ functions in order to heighten the destruction of Willy’s dream. The characters
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Advertising Plan for the University of Illinois at Springfield BU 446-8: Advertising Renee A. Tesch April 18‚ 2010 I. Executive Summary This is the first comprehensive advertising plan for the University of Illinois at Springfield [ (UIS Strategic Plan‚ 2006) ] since 1992‚ when we were still known as Sangamon State University [ (UIS Strategic Plan‚ 2006) ]. The UIS has been part of the University of Illinois for 10 years‚ and it is time for fresh planning‚ new thinking and “Stretch Ideas”
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your own words‚ define "revenues." Explain how revenues are different from "gains." b. Describe what it means for a business to "recognize" revenues. What specific accounts and financial statements are affected by the process of revenue recognition? Describe the revenue recognition criteria outline in the FASB’s Statement of Concepts No. 5. c. Refer to the Revenue Recognition discussion in Note 1. In general‚ when does Apple recognize revenue? Explain Apple’s four revenue recognition criteria. Do
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a) -Revenues are inflows of assets or settlements of liabilities or both. Revenues come from activities of the entity’s central operations. -Gains are increases in net assets and from peripheral or incidental transactions of an entity. -The difference between gains and revenues depend to a great extent on the typical activities of a company. For example‚ when McDonald’s sells a hamburger‚ it records the selling price as revenue. However‚ when Mc Donald’s sells land‚ it records any excess of
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Week Four Assignment: Market Structures and Maximizing Profits Shayne Paul Jedlicka XECO 212 October 30‚ 2011 Walter Schaefer Week Four Assignment: Market Structures and Maximizing Profits Three market structures involving monopolies‚ oligopolies‚ and competitive markets make up the economy in the United States. Each market has different characteristics making each an important part of the economy. Maximum profits are received in a monopoly market because of its control over the market
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