areas: ▪ Cost-plus contracts. If you have a contract with a customer under which the customer pays you for your costs incurred, plus a profit (known as a cost-plus contract), then you must use actual costs, as per the terms of the contract. Standard costing is not allowed. ▪ Drives inappropriate activities. A number of the variances reported under a standard costing system will drive management to take incorrect actions to create favorable variances. For example, they may buy raw materials
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A STUDY ON INVESTMENT MANAGEMENT ACTIVITIES OF ISLAMI BANK BANGLADESH LIMITED PREFACE Bank is a part and parcel of the modern economy of any country. Like any other countries in the world banks play the most crucial role not in the economic but also the social, political environment in Bangladesh. Even it is wise to say that the financial sector of Bangladesh is solely dominated by the banking sector, because the non bank financial sector of Bangladesh
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Supply-chain management involves contracts between buyers and suppliers that specify contract, delivery, and payment terms. In some cases, such as Wal-Mart, suppliers retain title to the goods until they are sold to the buyer’s customers. Wal-Mart’s suppliers have access to Wal-Mart’s inventory records and automatically restock inventory according to that contract. Wal-Mart pays their suppliers when the products are sold to its customers. General Motors has contracts with its suppliers that call for
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original British Reebok, and Reebok International went public. Reebok in 2003 had total revenues of $ 3,485 M and realized income from operations of $157 M. Paul Fireman continues to be the chairman and CEO. In December 2000 Reebok signed a 10-year contract with the National Football League (NFL) that granted an exclusive license to Reebok to manufacture, market, and sell NFL licensed merchandise including on-field uniforms,
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John M. Olin School of Business ACCOUNTING 3610 - FALL 2008 INTERMEDIATE FINANCIAL ACCOUNTING THEORY I EXAM # 1 (100 Points) There are a total of 100 points on this exam. There are five problems, and the total amount of points allocated to each problem is as follows: Points Earned Problem 1 – 20 Points _______ Problem 2 – 30 Points _______ Problem 3 – 25 Points _______
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Substantive unconscionability deals with unfairness in the result of the bargaining process, the contract itself and its terms (Egan, 1993, p.304). Tommy must argue that there is a business necessity for his prices and fees, that his customers are on equal footing during the bargaining process, and the contract itself is fair. Of the three areas that result in a charge, the purchase, the processing fee, and the interests, two are “overly harsh and one sided (Adverse claims and the consumer: Is
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legal status: Sole trader * Legal liability: Unlimited liability * Trading terms and conditions: Being owner of the business this means that I can do as I wish and go against the terms and conditions which I have set for my business, for example of a term would be the closure of the shop at 9pm A sole trader owned company is a business which is owned just by one person. There are several disadvantages and advantages when being a sole trader. Being a sole trader will mean that a lot of the
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nations is known as countertrade. Countertrade is an association between two parties in which goods and/or services are traded for goods and/or services as an alternative to money. These parties can be between companies as well as countries. For example, a large company in Europe can trade a local product as a form of payment to another company in the United States for a particular American product. If a nation’s currency is not exchangeable or no good overseas, they may offer a commodity or other
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ACH – Automatic Clearing House Electronic method of making routine payments, replacing traditional cheques. (Source: www.cips.org) Acquisition Often interchangeably with Purchasing. Acquisition involves all the processes from confirming the contract/order to the payment of the invoice. Act of God An extraordinary circumstance which could not have been foreseen and which could not have been guarded against.
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you could be bullish or bearish. Depending on whether you are bullish or bearish on the underlying stock, you could purchase either a call option or a put option. Buying a call Option When you buy a call option, you hold the right to buy a specified quantity of the underlying stock at the strike price on or before the expiration date. If you are bullish on a stock you could purchase a call option at a predetermine (Called it as the strike price) that is lower than the appreciation you expect then
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