Essays on Debtors

Introduction

TSU has managed to build a business name in the industry in the past few years and has managed to maintain the name and increase the turnover due to the collective duty of each employee in the workplace. Hence, the success of the firm relies on the activities and actions of the employees as well as how they handle their duties and responsibility and ability to work together as a team. Despite the success of the firm, there exist potential areas that the employees can work together and steal from their employers. These are the areas that fraud could ...

Cash flow statement

Note: the profit on the sale of fixed tangible assets (£100,000) was to be included in the income statement. I noticed that it was not included in the income statement.

Cash flows and retained earnings

Despite having retained earnings of £900,000 in the year ended 31st December, 2012, the company had a large bank overdraft. Retained earnings is the portion of the company’s profit that is not distributed. Profit considers that company’s revenues and expenses and does not consider whether the revenues or expenses are in cash. The cash flow statement includes cash items only. Thus, there is a difference ...

CHAPTER II

This chapter will seek to conduct an absolute inquiry into what makes up security interest laws in the United States. In order to lay the foundation for comparisons in subsequent chapters, the three main elements of the study of the Saudi system will be reviewed here in the context of U.S laws with an emphasis on California state law. The features of the California legal system will include the assessment of foreclosure rules and patterns in California. This will include a detailed fact-based evaluation of CCP580 (b), CCP580 (d) and CCP726 (a). The different components will enable the study ...

Introduction

Cash management is a complex task though it seems to be an easy job. It is a highly complex as well as detail oriented task. It is very necessary to effectively manage the cash that the company have. If the company fails to manage the cash effectively, then there will be problem in meeting the financial obligations. Failing to manage the cash effectively will affect the company’s operating, financing and investing activities. In sum, the whole cash flow system will be affected. To facilitate the cash management, the company prepares the cash budget and implements the proper cash ...

Option 1

Part 1 The company selected for the assignment is Teledyne Technologies. Chart below shows the information regarding the company: The audit report of Teledyne Technologies Inc. for the year ended January 3, 2016 carried an unqualified opinion. The report stated that the consolidated statement of income, comprehensive income, cash flows, and stockholder’s equity for the year then ended presented fairly, in all material respects, the financial position of the company and were in conformity with Generally Accepted Accounting Principles of United States of America. The company’s internal control for the year ended January 3, 2016 were also ...

Part 4 and Part 5 Final Paper

Actual changes that are eminent in the expounded Chapter three of ‘A History of Usury and Debts’ entails an in-depth insight of the connection between war, capitalism, Protestants as well as their significance in the development of banking and debts around the world, an ordeal which reflects the current status of financial markets. The author well explains Protestants' connection to usury and debt, and how the selection from the Roman Catholic influenced other themes in the chapter, such as war and capitalism (Geisst 107). Actual changes include the way the three themes related in the previous part is construed ...

Geisst R. Charles’, Beggar Thy Neighbor: A history of Usury and Debt.

Part 2: Description of Expected Plans of Revisions and Expansions.

This paper primarily focuses on examining the three themes that dominated the era of usury and debt. The segregation of Protestants from the main denomination, that is, the Roman Catholic Church, the subsequent wars and Capitalism are some of the major things witnessed during that era. This paper will explore the major themes while having a look whether there exist any form of connection between them. From the Authors point of view, there is a connection between the three themes therefore he discussed them as a single ...

Introduction

Banks have risks in the form of people risks, financial risks, and operational risks. The forms of risk are common in various banks. However, each of the risks is associated with certain challenges, which make it sensitive to the banking field. The occurrence of the risks may be avoided or mitigated through application of some level of professionalism. However, the process is likely to be highly involving as well as challenging. It would be wise to have the proper understanding of the different forms of risk and the definition of the procedure that would be followed in avoiding them.

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The Influence of the Repeal of the British Usury Laws

Introduction The recent few years have experienced a dramatically high growth in the interest rates globally, which is also believed to have reach a historically high rate. This growth, with specific reference to the existing interest law, has resulted in serious concerns related to the development of credit markets. The reasons behind the efforts on developing credit markets is essentially due to the reason that in quite a few jurisdictions, the restrictions on usury or the interest have normally stayed at the lower level of interest rates that were formerly established. The ultimate outcome of this is that debtors ...

Chapter 4: The Great Experiment

American Bankruptcy The first stock market panic in the United States left many wealthy speculators in a terrible financial situation. William Duer, a prominent land speculator lost a lot and ended up bankrupt after overextending his borrowings. Congress was yet to pass a bankruptcy bill. Defaulters like Duer still faced jail time during this period. Under bankruptcy laws, one was set free from their debts and creditors had no claim over them. As time progressed, public opinion went against jailing small debtors and the law began to change.

Repeal of British Usury Laws

In Britain, people began to consider that to capitalize on the ...

Book Review

Protestants refer to any of the varied denominations of Christianity that differed and subsequently separated from the Roman Catholic Church based. The separation was occasioned by theological or political differences during the Reformation. Reformation was the religious movement of the 16th century that began as an attempt to reform the Roman Catholic Church, and it collapsed to the creation of Protestant churches. Capitalism, on the other hand, refers to the economic system based on private ownership of capital. War refers to an active struggle between competitive entities. Therefore, this paper will focus on examining these three themes that dominated ...

Recently, China has recorded a remarkable growth in its economy of nearly 10% per year. The bulk of this growth comes from the banking sector characterized by poor asset quality, low capitalization, and massive state intervention. For this reason, the government introduced sweeping changes to the financial sector to boost its stability. These changes included transforming the banking sector from a policy-driven, state-owned, non-performing system to a profit-driven, multi-ownership, competitive system. Although the sector has recorded marked improvements in its operation and efficiency, additional efforts is needed to deal with problems revolving around non-performing loans and shadow banking. The ...

Chapter three Outline and Questions

Chapter three of ‘A History of Usury and Debts’ entails an insight of the role that monetary systems and religion played in the acquisition of debts in the medieval ages, which reflects the current status of financial markets. Religious laws and regulations antagonized debt and usury in the old ages (Geisst 107). For instance, the Roman Catholics believed that debt and banking were morally wrong, and did not portray good biblical beliefs. Therefore, Roman Catholics did not engage in any form of debt or usury. Because of the restrictions imposed on idealists, only Protestants practiced debt and usury(Geisst ...

The insolvency law has always held much interest in the people all around the world. The Cork report of 1982 greatly improved the insolvency law along with various other statutes that regard insolvency and bankruptcy. The Cork report originates from Kenneth Cork, who served at the cork committee that was responsible for making law recommendations regarding insolvency, bankruptcy, and liquidation of wealth. They formulated a comprehensive procedure that finally harmonized the law procedures for bankrupt businesses and increased their chances of survival (CAMAC 2010). The legal procedure recommended by Cork accentuated upon the similar system of insolvency courts to administer ...

Bankruptcy is a state where a business or person is unable to pay their debts. There are benefits that an individual gets from filing a bankruptcy like the possible discharge of certain debts. They also include cushion from harassments over debt collection and more time to prevent foreclosure proceedings. On the other hand, it might have some negative effects including the effects on debtor's credit rating, liquidation of property and the problem of securing loans or credit card. The elements of bankruptcy clearly defined under chapter 7, 11 and 13 (Keenan & Riches, 2007).

The bankruptcy in chapter 7 is where ...

Starting a successful business is a goal of several people around the world. There are various elements that a person should consider when starting any business. A sole proprietor has various advantages, for instance, a person gets full control of the business including the decision-making process, one enjoys all the profits realized from the business, and there is ease in formation of the business. A computer business requires the owner to be passionate and knowledgeable due to the several challenges involved. The disadvantages of sole proprietorship include unlimited liability, the limited experience, difficulty in accessing long-term financing, and limited startup capital. Some of ...

Moon and Bates (1993) developed an approach of measuring the competitor performance. They came up with four main stages of analysis commonly referred to as the CORE analysis. CORE is an acronym name which refers to context, overview, ratios and evaluation. The strategic management accounting plays a very significant role in providing financial information about the main sources of gaining competitive advantage of a company. It involves two main aspects. The computation of the key internal financial ratios of the company is the first main issue. The second issue involves assessment of the external information that may pose a threat to the ...

Executive summary

Royal Dutch Shell PLC commonly known as the shell is second largest energy company in the world whose registered office is in London. It is oil and Gas Company operating in various parts of the world; to stay relevant to climatic and environmental changes it engages in both renewable and non renewable energy. In addition, it is a vertically integrated oil company which engages in all oil activities from exploration to refining and marketing. Apart from its core activities, it has entered into partnership with various international organizations to preserve the environment. The company shares are listed in London stock ...

Studio Stessia is a form of partnership that is owned by Paul and Nicole. This partnership operates various businesses under one roof. Some of the business activities that take place in the partnership include sale of women’s clothes and salon. This partnership is located in the outskirts of Quebec City. This business is a family business since it was inherited from the grandmother of one of the partners. The two partners are people with other responsibilities in the society and therefore have little time to manage the business. As a result, the partners have employees who manage the business on their ...

The Horizontal Analysis

In the horizontal analysis of the company, one considers the various line items in the income statements and the balance sheet with similar items in the previous years. Looking at the year 2008, the company did not perform well. In terms of sales, there was a decrease in the sales compared to the year 2007. There was a decrease of $ 897,000 which is 15% of the sales revenue. As a result of the low sales, the company suffered a loss in the gross profit. The profit reduced from $1.6M to $1.4M. When analysing the expenses, the website creation and maintenance is a ...

Management 325

There are many figures and variables that investors take into consideration whenever they conduct their due diligence or research. Some of the most common metrics that new investors use in the field include but may not be limited to return on investment, price to earnings ratio, earnings per share, earnings per share growth, among others. Those who have a more solid background in economics, accounting, and actuarial sciences make use of more complex valuation methods. One of the best metrics to use is the internal rate of return (IRR). A company or a security’s internal rate of return pertains ...

Accounting

Introduction This whole essay is concentrated on the Hershey Company. This essay has been divided into five separate parts. In the first part of an essay, the discussion has been made regarding the Company’s introduction, its major line of operations, the major competitors of the Hershey Company, as well as the expected future growth of this Company. Second part is very important which includes the full discussion of the ratio analysis that has been used for evaluating the Company’s performance. In the third part of an essay, the auditor’s opinion made in the financial statements ...

Introduction

Banking, financial, and even insurance-issuing institutions were badly hit by the global financial crisis that happened in 2007 to 2008. It created a serious domino effect that eventually took its toll on the U.S. Federal Government. The struggling dollar and U.S. economy—the world’s largest economy in terms of GDP, led to a serious wave of financial and stock market corrections that were felt globally, especially in countries whose economy is largely dependent on U.S. commodity and financial supply and consumption. The ultimate effect of the global financial crisis of 2009 was an increased uncertainty and negativity in the financial ...

Analysis of Company Audit-Risk Using Financial Analysis Tools

Audit risk occurs when an auditor makes an unqualified report of the company’s state of affairs. This results when he or she omits information that is significant in the procedure. An individual could make an error or fraud, thus causing the misstatement (DiGabriele, 2010). These threats are categorized into inherent, detection and control risks. Financial analysis is the process of collecting, selecting, evaluating, and interpreting financial information of a company. This is significant in making investment and financial conclusions (Lanier & Saini, 2008). The analyzed data are used for internal activities of the organization such as appraising employee performance. ...

Role Play Scenario

The proposals of finance manager, in result of the poor financial ratios are debatable. There are many advantages and disadvantages of implementing all three suggestions. The first suggestion of reducing the holding stock by fifteen percent to twenty percent can reduce the holding and manufacturing costs. However, it will affect the trust of shareholders of the company. Shareholders may assume that the business is losing the market share, or the business is not capable of finding new markets for more profits. Therefore, in these circumstances the business may face a failure of the right issue. Moreover, in the competitive environment, ...

Apple Company was founded in 1976 by Steve jobs, Steve Wozniak and Ronald Wayne with the objective of developing and selling personal computers. It was later to be named Apple Inc. in 2007 in order to mirror its shift towards consumer electronics. The company has well-established brands of equipment in the market that involves iPod media player, iPhone smartphone, and the iPad tablet computer. The company has continued to develop and come up with innovations hence ahead of its competitors such as Samsung. The company has been involved in several industries such as computer software, consumer electronics, and ...

Business Law

Introduction: The business environment are governed by laws and when it comes to business law it encompasses numerous topics related to the mechanics of business in relation to the running of the business in a manner that is within the parameters of the laws. The running of the business that entails the start of the business, the buying and selling for starting the business, and the subsequent managing and then the closing of the business. The lawmakers govern the laws.

The lawmakers are the establishment that in essence sets the course of laws concerning the running of the ...

INTERNATIONAL ECONOMIC ANALYSIS

- Trade history of Saudi Arabia: The coastal people of Saudi Arabia have been well positioned from the trade due to the benefit of Arabian Peninsula. KSA is an old route of the caravan trade that connects the Mediterranean world with south Asia, Arabia, and East Asia (Encyclopedia Britannica). The trade in Saudi Arabia was generated by pilgrims that came to Medina and Makah. In 1938, with the discovery of oil country started trading with other and after World War 2 through the exports of oil reserves country was able to have higher funds (Saudi Embassy, 1-7). ...

Personal finance

Learning is a continuous experience that starts at birth. Although formal learning takes place within learning institutions, much of human learning is a product of experiences from life. Like in other areas of professional development, financially planning is a product of both formal and informal learning experiences. In this respect, multiple experiences throughout my life have shaped my financial planning skills. My learning experience with respect to financial planning is traceable to my days in college. Being in learning institutions calls for self-discipline and control with regard to financial. This offered the first and extremely important lessons with regard to financial planning. ...

Basic composition

The Bachelor’s Degree course in Liberal Arts at Excelsior College focuses on proficiency in writing skills. Writing is an essential skill necessary for nearly everybody; good writing skills support educational and occupational success. The course deals with writing basic essays and the process of writing in general. A well-written composition is free from spelling and grammatical errors, and conveys ideas in a clear and concise manner. The organization and structure of a composition is also important, most compositions being divided into suitable paragraphs that are organized in a systematic fashion in order to convey a theme or thesis. These main ideas are ...

Bankruptcy is the process by which a debtor who is unable to pay his creditors, can discharge his debts and get a “fresh financial start”. The most common types of bankruptcy are known as Chapter 7, Chapter 13 for individuals or small businesses and Chapter 11 for larger businesses. Chapter 7 is a liquidation of all the debtor’s assets where the proceeds are used to pay off your creditors. Once all the proceeds are spent, the debtor will be “discharged” from bankruptcy and will no longer be personally liable for most of the debts owed to creditors. Chapter 13 gives the ...

This report comprehensively discusses the significance of keeping financial records and how financial information available in the financial statements of an entity help wide range of stakeholders in assessing company’s performance to make viable economic decisions. Moreover, as follows the report also defines the budgetary control process and different costing methods and their effects on short term and long term performance of the business. I would also like to discuss the statutory requirements of recording and reporting financial information for entities operating in the United Kingdom. There are several reasons for companies to retain their financial records. ...

Chapter Two: Real Estate Lending Decision in Kuwaiti Banks

Literature Review

The five Cs of credit model – character, collateral, capital, conditions and capacity, all serve as important indicators for gauging the inclination and aptitude of debtors in fulfilling the obligations they have to their respective creditors (Sraeel, 2005, p. 40, par. 5; Strischek, 2009, par. 2). It is thus advisable for creditors to make their decisions based on the five Cs of credit model in order for them to assess the creditworthiness of their respective debtors properly (Strischek, 2011, par. 1). The prominence of the five Cs of credit model resurged most recently during the 2008 global financial ...

GENERAL LEDGER

DEBTORS LEDGER CREDITORS LEDGER Debtors’ schedule Creditors’ schedule Trial balance Income statement For the month of October Workings: Determination of GST - GST on cash sales Total amount of sales = 11,980

GST is 10%

110% = 11,980 100% = 100/110 × 11,980 = 11,800 GST = 11,980 – 11,800 = 1,180 - GST on credit sales to H. Simpson Total sales = 550 GST = 550 × 10110 = 50 Credit sales = 550 – 50 = 500 - GST on credit sales to N. Flanders Total credit sales = ...

Question one

The theory proposes that the relationship between workers and their employers is based on a win lose structure where the laborer in all attempts to sustain themselves working for their bosses (capitalist) somewhat are always at a loss in the arrangement. On the other hand, the capitalists are always winning earning more from the labors of their workers while the labor struggles to make ends meet with the meager pay that the capitalists give them for labor and services rendered. In essence, the alienation theory revolves around the laborer explaining how the laborer becomes alienated from society in various ways based ...

Part 1)

Analyzing financial statements of the company is of great importance as it serves different purposes of each interested party. For Instance, while investors analyze the financial statements to evaluate their investment decision in the company, creditors are more concerned to judge the profitability of the company i.e if the company will be able to honor their agreed payments on time. Apart from these outside parties, even the management of the company conduct financial statement analysis so as to formulate future plans and decisions.

However, there are different tools available for supporting the financial analysis of the companies and the same are discussed hereunder:

Vertical Analysis: A popular method of conducting financial statement analysis in which each entry of the ...

The Concept of cash flow estimation?

Every business survives on liquid to cater for its daily operational activities. It is therefore important to monitor the flow of cash from the source to the area where it is used. A business could be making profit but its cash account is inconsistent and could result in insolvency. If a business realizes at the end of financial year that the cash account has a deficit, then it would be imperative for the company to review all cash transactions to evaluate where the deficit came from. The international accounting standards board (IASB) requires that all businesses comprehensively consolidate their financial statements. ...

Problem Definition

Paqua Group is a European – based organization, with subsidiaries activating in seven countries in Central and South – Eastern Europe, specialized in debt collection and debt purchase. Being a relative new player on the collection market, the company is seeking new opportunities for positioning as one of the strongest competitors on this market and in the same time it faces the challenges imposed by the economic and financial climate. As such, due to the economic crisis and the continuous financial and economic instabilities that define the 21st century Europe, the company’s activity is facing challenges, as well as opportunities to grow. ...

Introduction

Mayo’s Clinic is a health organization that is based in Rochester in Minnesota. It was founded in 1899 and has grown tremendously over the years. Today, it employs approximately four thousand physicians and scientists and 60 thousand allied health staff. Similarly, Erie County Medical Centre is a health organization located in New York City. It has a hospital facility with 550-bed capacity and more than thirty outpatient service centres. This paper seeks to analyse the financial viability of the two entities. In addition, it seeks to analyse the financial viability of merging these two entities. To this end, this paper will ...

Article Review: Japan’s Growth Strategy is All Wrong

Abstract The article Japan’s growth strategy is all wrong is about the policies implemented by the Japan government led by Prime Minister Shinzo Abe that is viewed to jeopardise the country’s low interest rate environment that is conducive for spending and investment. The purpose of the student in writing this paper is to present the economic problem faced by Japan as an implication of the policies executed by the government, applying the concepts and principles that I have learned in my Economics. The article entitled Japan’s growth strategy is all wrong is about the ...

The critical research paradigm was a development of Karl Marx with other critical, feminists and theorists (HUSTLER, GOLDBART, and HUSTLER, 2005). Critical theorists perceive reality in a different manner in comparison to interpretivism and positivists. They argue that reality results from powerful people who manipulate societal systems, condition society, and brainwash people to see things in a manner they want them (LINCOLN and GUBA, 1985). They manipulate the less powerful in fulfilling their individual requirements. From a critical perspective, human beings have an excellent potential when creativity and adaptability are questioned. The potentiality is, however, restricted and oppressed by conditions such as social ...

The company provided all documents as per SEC requirements. In its submissions it stated the changes share ownership, the trading price of shares and all other information which is deemed to affect the price of company shares. The company’s market share prices have been rising steadily over the last three years (Starbucks Coffee Company, n.d).

Procures of ensuring ethical behavior

Starbucks has put several procedures in place to ensure ethical behavior is observed in all of its operations. First and foremost, it has put in place effective internal controls which ensure effective preparation and reporting of financial information. Secondly, the company has engaged ...

Firstname Lastname

1. Describe how local, state, and federal legislation and regulations affect patient care. Federal and state laws aim at safeguarding patients’ rights and protecting them from fraud. There are confidentiality compliance and privacy laws (45 CFR, parts 160 and 164) that give patients the right to privacy, obtain or amend information in their medical records where legally possible and know what information has been collected about them. Patients in long term care, such as elderly patients, can exercise their right to information through 42 CFR, Part 483, section 483.10(b)(2) where they can get all their medical records ...

Forgiveness is for everyone. People need to be forgiven just like others. When a person forgives, there is a feeling that is beyond sensory expression. It makes the person who forgives ‘whole’ again while the one who was forgiven feels the same. People should learn to forgive as much as they can so that they will no longer live in the dark corners of their past. Yet, some people would ask why should an individual who have done them a horrible act? Should not justice be meted out first? Well, it is true that people who committed crimes and other misdeeds should ...

Pearson’s Air Conditioning & Service

Summary statement The Pearson Air Conditioning and Service is a business that is based in Dallas. The business is owned by a father and his son; Scott and Bob Pearson respectively. Scott is the president of the business while Bob is the general manager. The firm engages in selling general electric equipment, carriers, York air conditioning and heating systems. Their main customers are local customers although the firm also sells to commercials.

Strengths of the business

The business makes good profits The firm’s equity state is well above the initial status when it was acquired The business maintains a balance of $15, ...

This 1787 essay by James Madison, originally a letter written to a New York newspaper in support of ratification of the Constitution, has long since become the most famous of the Federalist Papers and one of the most frequently quoted documents in U.S. political history. Although Madison published it anonymously, under the pretense that he was simply a concerned citizen, Federalist No. 10 can be taken as a definite statement by the principal architect of the Constitution on why he did not regard it as a democratic document but rather one designed to guard against the rule of the majority, particularly when it threatened ...

Amazon.com Inc.

Description

Amazon.com Inc. is a worldwide online retailer company that has an international presence. It was started in 1994 in the state of Washington and later reincorporated in Delaware in 1996. The operations of Amazon are premised on retail through online orders and follow up by physical deliveries for goods and online service delivery for services transferable online. Amazon.com Inc. specializes in four broad categories of consumers; retail consumers, sellers, content creators and enterprises. The company has a number of services aimed at diversifying their investment through an expansive portfolio. Other than retail sales, revenue generating sources include marketing and ...

Ratio refers to a comparison between two variables, ratios is an important component in day to day business as it enables the shareholders and other stakeholders to check the performance of business in comparison to the previous year’s which refers to trend analysis it can also be used for cross sectional analysis which involves comparing the performance of business with other business within the same industry. Other financial ratios such as liquidity ratio plays a very important part in managing working capital in that a business will be able to predict the cash required to manage day to day transactions, in ...

Introduction

Bankruptcy is the state of being unable to repay debts owed. This is a legal status that can affect an individual or an organization. In the United States, there are laws set to help debtors through liquidation process. Alternatively, the individuals can create a repayment plan (Federal Courts, 2011).

Bankruptcy Basics is a publication of the Bankruptcy Judges Division of the Administrative Office of the United States’ Courts. Its major role is the provision of relevant information to creditors, debtors, courts, the media and individuals on bankruptcy and existing federal bankruptcy laws. It contains detailed information on the processes involved, discharge in ...

Introduction

Rolls Royce is the one of the world known leading company in the manufacture of the prestigious vehicles, the rolls Royce, it’s also accredited for being the leading manufacturer of aircrafts engines and part of the combustion and driving components components of ships manufacture of aircrafts engine as well as driving parts of ships. Over its existence the company has been leading in this industry with prospects of even rejuvenated domination due to its ever growing reputation due its innovation and production of high quality products that far much surpass the international standards,. The parent country for the ...

Executive summary

Special purpose financial statements that are conventionally provided by small businesses usually offer limited information in both quality and quantity. The main reason behind this is the freedom in reporting that small businesses have. Consequently, lenders have to be careful when using these statements in lending decisions. As a small business, Boat Builders Pty Ltd’s financial statements may not be in a good state as provided to be used in a lending decision. A critical evaluation of whether they represent the true status and performance of this business is necessary before a detailed financial analysis is done. A number of concerns arise ...

Bankruptcy is a legal situation that organizations or individuals may fall into when the current assets in the organization are not able to pay for the debts as they become due. The individuals or organizations that are not able to meet their debt payment obligations may be forced to file for bankruptcy. The debtors also may file for the same if the individuals who owe them have failed to pay the debt and a specified period of time that vary from one country to another has expired. Both individuals who are owed by the bankrupt and those being declared bankrupt ...

Competition Bikes Inc. Storyline

Horizontal Analysis In horizontal analysis, analyses of the performance of the company over a given duration of time is done. The intent of this paper is to analyze Competition bike's performance in the given period by using various methods. From the analysis of the financial statements of Competition Bikes Inc, there is a commendable performance in the company. Although there is a decrease in sales in the year 7 and the year 8 of 15 percent, a rise in the net sales is observed in the year 6 and 7, with an increase of 33 percent. This reduction in sales in the ...

i) Relationship between People, Information, and Information Technology in Thineline Trading Company People are important in any trade as they play various roles starting from business case development to distribution of the product or service to the consumer. Communication between various stakeholders is enhanced by the effective delivery of information from the company to employees, creditors, debtors and customers. Even the people who relate to the employees see themselves as part of ThineLine Trading Inc. as they daily associate and interact with products and information of the company. It is the employees of the firm who assist in articulating ...

Accounting

Revenue recognition: The recognition of revenue is an important aspect because they dictate the financial position of a company. Under this principle, the revenues are recognised in the period whether or not they are paid up in the same time. The transaction that raises the revenue is recognised as the driver of the revenue. In that case, once the transaction occurs, the revenue is recognised. This means that the transaction for delivery of services or goods leads to the revenue falling due immediately. The revenue is recognised once the product is delivered. The arrival of the revenue is assumed ...

INTRODUCTION

Tantalizers Plc is a leading Fast Food company established in May 1997 with a promise to deliver full value for money to an increasingly discerning target audience. The company pioneered the integration of African menu into fast food operations. In order to evaluate how tantalizers’ plc has improved in its financial performance in terms of profitability, efficiency and stability, its financial statement in 2008 and 2009 would be analyzed and interpreted using some basic financial ratios. Profitability, efficiency and financial risk ratios will be used to evaluate the company’s performance in 2008 and 2009 respectively.

Financial Ratios

Turnover Growth

Net profit ...

(a) The two articles “Debt is Good for You" and “Debtors’ Prison" explore the use of debt financing by corporations and contrast it to equity financing, as well as investigate the implications of excess borrowing.

“Debt is Good for You" discusses debt and equity financing by providing a brief overview of the scientific research in this area. It uses the paper by Modigliani and Miller, who claimed that the proportions of equity and debt have no effect on the firm’s value, as a reference point for further discussion and shows the evolution of the theory related to company financing. In ...

Comparison and Contrast of Franklin D. Roosevelt’s responses to the Great Depression and Barack Obama’s responses to the Great Depression

Efforts undertaken by the US government to save itself from the effects of the Great Recession have been compared to similar policy measures undertaken during the Great Depression. Undeniably, Obama’s inauguration in early 2009 is comparable to Franklin D. Roosevelt’s infamous one hundred days in presidency. While the later offered a package of New Deal policies aimed at digging the US economy out of the Great Depression, the former’s economic policies were aimed at saving ...

Introduction

Throughout the whole Colonial History of American, there were a total of 13 settlements, which the Europeans called colonies (Reich, 2011). Technically, people who live in different colonies have different lifestyles and one factor that contributed to this is each region’s geography and access to natural resources. One of the important functions of Colonies is to provide the raw materials and other things that are needed in waging war and improving the economic and financial stability of a mother country or state. In Britain’s case for example, their American colonies are supposed to supplement Britain in their other ...

Introduction

Charities and companies have different reporting requirements. The reporting requirements for charities depend on whether they are registered as companies or not and the annual earnings of the organisation. Companies have more legal requirements on the preparation of the financial statements especially the companies that are trading in the stock exchange. There are guidelines and principles that have to be adhered to in the preparation of the financial statements. There are differences between the reporting requirements of companies and charities when it comes to the format of the income statements and the auditing requirements.

Mitigating Risk in Advance Payments

The charity organization is concerned ...