Cost of goods sold = Gross margin 2. Cost of goods sold = Beginning inventory + Purchases – Ending inventory 3. Inventory is reported on the balance sheet at replacement cost when it is less than cost. 4. Inventory turnover (3.79) = Cost of goods sold ($750‚000) ÷ Average inventory ($188‚000 + $208‚000)÷ 2 5. Average days to sell inventory (96.3) = 365 days ÷ Inventory turnover (3.79) 6. Average days to sell inventory (96.3) = 365 days ÷ Inventory turnover (3.79) 7. LIFO cost of goods sold ($22.2
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UCC Team Boys and a Chick Law/421 11/3/12 Mr. Marmo Uniform Commercial Codes 1) Does article 2 of the UCC apply to the contracts between Grocery Inc and their vendors? Yes. In the scenario Grocery Inc is in contract with multiple vendors‚ both private (individual) and corporate vendors. Article 2 covers the sale of goods. Goods meaning that they can be moved during the time of purchase such as food products (Lawinfo.com‚ 2012). The UCC does not cover services like a membership
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Speak For Those Who Can’t Do the companies L’Oreal‚ Lancome‚ Garnier‚ Maybelline‚ Sephora‚ and Neutrogena sound familiar? All of these companies take part in animal testing. Every year 19.5 million animals die in testing every year‚ and these companies are involved. Products produced by these companies are some that one may use every day. Hopefully whoever uses their products feels guilty for putting those animals in all that pain and torture just to look pretty. Certainly‚ this is not a liable
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BREACH AT X • What are the people‚ work processes and technology failure points that require attention? • What practices led to the security breach in TJX and why did such a smart andprofitable organization as TJX face such a situation? • Was TJX a victim of ingenious cyber crooks or did it create risk by cutting corners? Background a. Describe the company/department History 1. TJX was the largest apparel and home fashion retailer in United States
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Common Law Tradition and Sources of Law Common Law Tradition: In early England‚ there was desire to establish a legal system that did not settle disputes by simply relying on local customs and traditions. Instead‚ there was desire to use a uniform legal system throughout the entire country. “What evolved was the beginning of common law‚ a body of general rules that applied throughout the entire English realm. Eventually‚ the common law tradition became part of the heritage of all nations
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Most common Leadership Types are: - Autocratic leadership. - Bureaucratic leadership. - Charismatic leadership. - Democratic leadership or participative leadership. - Laissez-faire leadership. - People-oriented leadership or relations-oriented leadership. - Servant leadership. - Task-oriented leadership. - Transactional leadership. - Transformational leadership. Autocratic Leadership Autocratic leadership is an extreme form of transactional leadership‚ where a leader exerts high levels
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Breach of Contract: 1. How the contract was allegedly breached‚ 2. What defenses may be available to the defendant‚ and 3. What remedy (or remedies) may be available to the Plaintiff. Charlize Theron has settled the $20 million breach of contract lawsuit against her‚ according to papers filed in Manhattan Federal Court Monday. The suit was filed last year‚ when Swiss watchmaker Raymond Weil claimed that Theron had worn a Christian Dior watch during a press event in 2006‚ despite being paid
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nations in the world nowadays‚ and each has a different set of laws that govern its people and its relations with the rest of the world. Whereas‚ international law governs relations between states‚ institutions‚ and individuals across national boundaries‚ municipal law governs this same person within the boundaries of a particular state. The comparative law‚ which is the study‚ analysis‚ and comparison of the different municipal law systems‚ classifies countries into legal families. The two widely
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Common Law and Equity A) Explain the history of Common Law. The common law developed because the legal system in England and Wales couldn’t rely only on customs. It wasn’t until after the Norman Conquest in 1066 that a more organised system of courts was created. William the Conqueror set up the Curia Regis (The Kings Courts) and appointed his own judges. These judges were also sent to major towns to decide any important cases. When Henry II came to throne in 1154-1189 tours became
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Joey Smallwood was a politician from Newfoundland who was the main force that brought Newfoundland join in the Canadian Confederation in 1949‚ and became the first Premier of Newfoundland.( Ibiography) Joey Smallwood was born in December 24‚ 1900 at Mint Brook‚ Newfoundland. When he was a teenager‚ he worked in a newspaper and his family moved to New York City in 1920. He also worked for a newspaper which named The Call. He returned to Newfoundland and then got married. At the same year‚ he set up
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