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Introduction and Definition of Business LawBusiness law can be defined as a regulatory body of law responsible for the simultaneous governance of business and commerce in a standard manner. This body of law is generally considered to be a branch of civil law which deals with the issue covered under the private law as well as public law (Beatty, Samuelson and Abril, 2018). The present study is based on assessment of given business ...
Accounts Receivables1. Revenue for FY2017 was $34,350 million. 2. The net accounts receivables for Nike for the year ending on May 31, 2017 was $ 3,677 million. The gross accounts receivables for Nike for the year ending on May 31, 2017 was $3,696 million 3. The write off during the FY2017 for bad debts was $ 17 million while the actual bed debt expense at $ 13 million was smaller than that written off. 4. The inventory as on May 31, 2...
The Importance of Sustainable EnterprisesA sustainable enterprise refers to the business that strives to minimise the negative impact of its operations over environment, local community and economy. A sustainable corporate entity makes continuous efforts to meet triple bottom line approach, with a constant commitment towards protection and conservation of natural environment. Triple bottom line is a concept which measures an organisation&rsquo...
Explanation of items in Cash Flow Statement and Changes Over the Past YearThis report explains about the financial statement analysis, tax payment and various accounting standards and polices which have been used by the company to record the tax provisions of the company. The Australian economy and the policies of the governance have impacted on the taxation policies of the country to make the effective changes into the corporations of the cou...
Background: Chloe's Intention to set up a Meditation Studio in BurnsideChloe is a naturopath practitioner who has an intention to set up a meditation studio or a centre for meditation in the suburb of Burnside as of late, she has seen a steady increase in her business. In order to set up her business, she found a place but before entering into any agreement, she went to the Burnside Council to ensure and find out if any building work is comi...
Factors to Consider When Choosing a Superannuation FundSUPERANNUATION CONTRIBUTION ANALYSIS ON DEFINED BENEFIT PLAN, TIME VALUE OF MONEY AND TAX ASPECT IN DECISION-MAKING PROCESS Introduction; A tertiary employee in Australian market refers to workers who offer services rather than issuance of goods. They have grouped in a sector referred to as a tertiary sector. Just like any other employee they are protected and gu...
Details of IncidentThe documentation of Max Lionel shows that the organization was founded as a sole proprietorship business. The current chart of the organization mentions the presence of the directors, the chief executive officer and the chief financial officer. This gives an idea of the fact that the organization has become a limited company, on the other hand the documents of the organization include the memorandum of the association and...
Overview of the Company1. Scenario Introduction International business or trading practices can be defined as an operational practice of the organization to commerce across the national borders. Due to rise incompetency in the contemporary business-oriented market, the majority of the organizations adopt globalization in order to seek better business and profitable market accessibility (Hill, 2008). In the simple context, it can be descr...
Implied AuthorityHas Jevan been provided any authority under the meaning of agency law by Jimbo for getting the highly collectible guitar repaired. If authority has been provided is Jivan imposed which any duties to his principle If duties are imposed, are there any liabilities which Jevan is subjected to in relation to the duties Whether the warranty of authority has been breached by Jevan Under the provisions of agency law there ...
Relevant Issue1.Relevant Issue It is required to identify whether there is a valid contract formed between Magda and Avinash. Rule This situation deals with the contract law, therefore all the essentials of the contract law are been examined to determine the contract formation. The contract consists of five important components which are stated below: Legitimacy of the object. The intention for creating a lawful relationship. Offer and...
Facts of the CaseThis paper has the purpose of analyzing the judgement of the court provided in the case of ASIC v Whitlam [2002] NSWSC 591 in the light of duties of directors which are owed to a company. The paper describes in brief the revenant facts of the case. The paper also highlights the duties which potentially may have been breached by the defendant in this case while acting in a way which would contravene the duties. The paper also c...
Cash flow analysis of based on the operating activitiesThe most significant aim of this particular assignment is to analyse in detail the annual report of a company and provide comparative analysis on the cash flow statement for the 3 year period from FY2015 to FY2017. The student then analyse the other comprehensive income aspect of the company, the various particulars included in the OCI of the annual report and last part is to perform a d...
The Production Possibility Frontier1.a) Given the Newland’s production capacity, the PPF (Production Possibility Frontier) for production of bicycles and cars are highlighted in the below diagram; &...
Part A: Summary of the Tribe Constitution and Comparison with Australian Legal System 1. Part A This section of the paper discuss summary of the task 1. Firstly it discusses the proposal developed by the tribe elders for resolving different issues: Previous rulings of similar cases must be considered by the judges while deciding the cases which include similar facts and issue. Judges must make sure that they consider the principle of equal...
Operating Activities of QantasThe Cashflow statement of Qantas is segregated in three different segments, which contains financing activities, investing activities, and operating activities. The identified activities mainly help in understanding the cash outflow and inflow of the organisation during the fiscal year. The operating activities mainly comprises interest received, interest paid, divided received, income tax paid, cash generated f...
Background of the CaseLondon & Amsterdam Properties v Waterman Partnership Ltd is a case where Waterman Partnership was involved in a deed appointment to act as consultants for a structure and consult in traffic maters for a shopping centre development for LAP. LAP asserted that there was a critical delay of the work because of Waterman's delay in releasing substantial information by specific dates. Therefore, LAP claimed that Water...
Duty of Care in Negligent MisstatementsWhether Chloe can be imposed with duty of care against Peter? The law of negligence is a tort law that imposes duty on the defendant to act so that no damage/loss is incurred to the plaintiff because of his acts (Donoghue v. Stevenson [1932]). Negligent misstatements A statement is considered to be negligently made when a statement is made by the defendant in good faith but without adequate...
BackgroundIssue The issue in this case is to determine the rights of Author in relation to then goods purchased by him under the Consumer Rights Act 2015 (CRA) Rule The Consumer Rights Act 2015 deals which rules and regulations relating to consumer contracts in UK. According to section 3 of the Act it is applicable on sales contracts, contract for hiring goods and contract for transfer of goods. The application of section is not done in relat...
Analysis of the Cash flow StatementWith the increasing complexity of the taxation rules and regulation, each and every organization needs to implement proper strategic program and effective taxation compliance. In this report, JB Hi-Fi Company has been taken to evaluate the cash flow statement; deferred tax implication and implemented strategic program have been taken into consideration. The JB HI-FI Company is listed Company which has been ru...
Question OneAnswer to question 1: Issue: In this case two issues have been cropped up: Whether Liam and Peta have any liabilities under the Corporation Act 2001 or not Whether any penalty provisions could be applied on the directors or not Rules: The present case deals with the function and role of the directors regarding the insolvency of a company. Directors are possessed a higher position in an Australian company and it certain dut...
Cash Flow Statement1. On analysis of the cash flow statement of Rio Tinto, the third largest mining company in the world, some important constituents of the cash flow statements were brought into the lime light. The company’s cash operations, like any other company is broadly classified into three categories, operating, financing and investing. Operating activities included payment of interest and taxes. Investing activities included pu...
Cash Flows StatementSelected company – BCI or BC Iron Limited The cash flow extracts from financial statements of FY2017 are pasted as follows (BCI, 2017). There are two main items as listed below. “Receipts from Customers” – This indicates the cash that the customers pay to the company for purchase of iron ore and other minerals. In FY2017, this has witnessed a significant drop upto 60% over FY2016. ...
Strategic and General Management of Simon ConstructionThis research paper seeks to articulate and describe the principles of strategic and general management of Simon Construction Limited Company. This report paper seeks to assess the processes involved in developing a new company strategy, evaluate and analyze Simon Company information and make informed decisions concerning the future success of the company, and to summarize the principles ...
1. Magda's Offer and AcceptanceIssues In the given case, Magda given some time to Avinash to accept the offer, but in the meanwhile she sold the subject matter of relevant offer to a third party named Elton, Further, Avinash has accepted the offer maid to him after the prescribed time. Now the issue is to decide that is there any binding contract has made in between Magda and Avinash in the discussed transaction? Rule As per A...
Floor Cycle Time and Learning Curve a). Floor cycle time and learning curve In construction of high-rise buildings, floor cycle time is the time duration taken to complete operations or activities of constructing one floor of the building, from start to finish. It therefore means that the total time duration taken or needed to complete all the floors of the building is the aggregated floor cycle times (i.e. time taken or needed to complete o...
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