Week Five Team Reflection ACC 421 2014 Team B Week Five Reflection This week learning team “B” has discussed the concept of time value of money. One will be able to understand the importance of time value of money‚ the different ways to compute interest‚ information about present value and future value‚ and the how time value relates to accounting. Importance of Time Value of Money Time value of money deals with the relationship between money and time (Kieso‚ Weygandt
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Case Scenario: Big Time Toymaker Case Scenario: Big Time Toymaker Did the parties have a contract? If there was a contract between Big Time Toymaker (BTT) and Chou it was a bilateral contract that was binding when BTT (offeror) paid Chou (offeree) $25K in exchange for limited negotiation privileges for a 90-day period. Consequently‚ BTT bought the rights to negotiate the distribution agreements for Chou’s board game. A bilateral contract is an agreement of two promises and two performances. The
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Sarbanes-Oxley Whistleblower Monique King‚ Lutecia Butler‚ Pola Jaramillo‚ Vernice Cunningham University of Phoenix Sarbanes-Oxley Whistleblower Abstract: Catherine Zulfer‚ a former employee of playboy filed a suit against them alleging that Playboy Enterprises violated provisions of the Sarbanes-Oxley Act of 2002. The former employee reports that playboy retaliated against her for refusing to participate in fraudulent activity against Playboy’s shareholders (Katz‚ Marshall& Banks
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item. The main original part of agreement between the two was the $25‚000 but that would have been proven fraud in the end. With the emails being send by both of them and no names with no signatures they would have had nothing out of the whole case. 5. Could BTT avoid this contract under the doctrine of mistake? Explain. Would either party have any other defenses that would allow the contract to be avoided? They cant and did not avoid the whole thing because there were mistakes made. The doctrine
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Law 421/Week Two What are the elements of negligence? How does an intentional tort differ from negligence? Provide examples. Intentional torts can be described as deliberate acts to harm someone. Negligence can be described to deliberately choose not to act in order to fix a problem which ultimately results in someone being harmed. There are several elements that need to be present in order for a claim to be considered negligence (Melvin‚ 2011). According to our text these elements need to be present
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This pack of LAW 421 Week 3 BUGusa‚ Inc. Worksheet shows the solutions to the following problems: Use the scenarios in the BUGusa‚ Inc.‚ link located on the student website to answer the following questions. 1. Scenario: WIRETIME‚ Inc.‚ Advertisement Has WIRETIME‚ Inc.‚ committed any torts? If so‚ explain. 2. Scenario: WIRETIME‚ Inc. (Janet) Has WIRETIME‚ Inc. committed any torts? If so‚ explain. 3. Scenario: WIRETIME‚ Inc. (Steve and Walter) Discuss any liability BUGusa‚ Inc. may have for
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This written assignment will present and discuss the positive and negative affects that Sarbanes Oxley has on publicly traded corporations‚ the accounting professions‚ and financial statement users. I will use different resources in order to discuss these two sides and concentrate more in the actual Sarbanes-Oxley Act of 2002. Sarbanes-Oxley was created to improve quality and transparency in financial reporting‚ independent audits‚ and accounting services for public companies. SOX was also established
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| Tort Actions | Week 3 Law 421 | | David Tiffany UOP | Shalandrea Jones | October 29‚ 2012 | Torts are civil laws that are broken and are rules for lawsuits. When these rules are broken they can result in injury and harm this is usually the basis for the claim. Torts are punishable by imprisonment but in most cases tort law is to provide relief for damages and to stop others from doing the same thing
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Learning Team Weekly Reflection Law/421 University of Phoenix In Week one of Contemporary Business Law‚ Team A learned about substantive‚ procedural‚ criminal‚ civil‚ common‚ and statutory law. In the reading assignments for week one‚ we discerned the differences that separate the laws and how the courts enforce the laws. Corporations and businesses are awarded protections under the Amendments to the
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Discussion Questions One LaShanda Prejean LAW 421 Peter Derouen March 5‚ 2013 Discussion Questions One 1. To what extent does succession planning—such as for wills‚ estates‚ and trusts—affect business? How might these legal topics interact with your current or past job or industry? Every company succession plan carries the three bases that are will‚ trust and estate. The will‚ trust and estate provided a financial security and help plan the future. The purpose
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