other goods or services without the use of money as means of purchase or payment. Barter is the direct exchange of goods between two parties in a transaction. The principal exports are paid for with goods or services supplied from the importing market. A single contract covers both flows, in its simplest form involves no cash. In practice, supply of the principal exports is often held up until sufficient revenues have been earned from the sale of bartered goods. One of the largest barter deals to date
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company does not maintain a certain level of profitability, it could lose investors. •What types of legal barriers to market entry exist? In the case of exclusive dealings contracts, if a pharmaceutical manufacturer has enough marketing power they can stop smaller generic competitors in a couple of ways. If an exclusive contract with CVS for instance made, competing generic suppliers
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BUSN 311 Week 8 Final Exam Answers Week Eight Final Exam Part 1 of 1 – 75.0 Points Question 1 of 16 5.0 Points Joe plans to form Joe’s Plumbing, Inc. He enters into a contract with Mary on Monday and then forms his corporation on Tuesday. Joe breaches the contract. Mary sues Joe and Joe’s Plumbing, Inc. for breach of contract. A.Mary will lose the suit against Joe’s Plumbing, Inc. B.Mary will lose the suit against Joe C.Mary will likely win the suit against Joe. D.Joe is protected from liability
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BUSN 311 Week 8 Final Exam Answers Week Eight Final Exam Part 1 of 1 – 75.0 Points Question 1 of 16 5.0 Points Joe plans to form Joe’s Plumbing, Inc. He enters into a contract with Mary on Monday and then forms his corporation on Tuesday. Joe breaches the contract. Mary sues Joe and Joe’s Plumbing, Inc. for breach of contract. A.Mary will lose the suit against Joe’s Plumbing, Inc. B.Mary will lose the suit against Joe C.Mary will likely win the suit against Joe. D.Joe is protected from liability
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approach (as did Circuit City) to account for extended warranty and service contracts is the most consistent with the actual sales transaction involving products extended warranty contracts. This approach is the most consistent for four reasons as we can see with Circuit City Stores, Inc. First, pricing of the sale of an extended warranty is an integral part of pricing of related products. As we can see with Circuit City the joint sale of products and warranties was indeed an integral part of their corporate
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Purchase Contract and a Mutual Mistake Sheldon Weyland Southern New Hampshire University Purchase Contract and a Mutual Mistake According to the prompt Josh Hartly and a salesperson negotiated an automobile purchase together. As part of the negotiations, Mr. Hartly, expressed concerns that a 3.9 liter V-6 would not be as fuel efficient as the 3.2 liter. After Mr. Hartly concluded negotiations with the salesperson, he signed a contract to purchase a car with a 3.2 liter V-6 engine. Following
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Topic Two Contract Law: Formation of Contracts [A] Introduction Contract law concerns with regulation of the legal relationship of the parties to contracts. A contract is an agreement having legally binding effects on its parties. In other words, generally speaking, the party who broke the contract has to compensate the innocent party for his loss. How to form a contract? All the 4 following elements are needed for forming contracts: - a. Offer b. Acceptance c. Intention
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1. What are the advantages of the re-engineering method of implementing ERP? Advantages of reengineering method of implementing ERP The five reasons why business process reengineering should start before your ERP implementation: • Maintain your competitive advantage. Yes, your current enterprise systems are probably a mess . . . if they even exist. You probably have a ton of spreadsheets, manual workarounds and other inefficiencies that make you wonder how your organization has managed to survive
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they grapple. To keep things simple, we will look at Variable Costs (VC) and Fixed Costs (FC). The combination of VC and FC = TOTAL Costs. In effect, VC + FC = TC. What's a Fixed Cost (FC)? Fixed costs (FC) are costs that do NOT vary as your sales volume increases or decreases. Whether you sell one widget or 50,000 widgets, these are known costs that your company will have to pay regardless of volume of widgets sold. Fixed Costs (FC): These might include fixed staff salaries, lease/rent
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Standards Board The Institute of Chartered Accountants of India 2 Exposure Draft Accounting Standard 9 (Revised 20XX) (Corresponding to IAS 18) Revenue Contents Objective Scope Definitions Measurement of revenue Identification of the transaction Sale of goods Rendering of services Interest, royalties and dividends Disclosure Effective date 1–6 7–8 9–12 13 14–19 20–28 29–34 35–36 37–39 Paragraphs Appendices A Revenue—Barter Transactions Involving Advertising Services (Corresponding to SIC
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