Essential Elements of a Contract “A contract is an agreement that can be enforced in court. It is formed by two or more parties who agree to perform or to refrain from performing some act now or in the future.” (pg 208) Recently I was faced with a situation regarding a contract that was not in writing and I had to explain that as long as a verbal contract contains the four essential elements of a contract it is binding. We are so accustomed to seeing contracts in writing that many people assume
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Paid in Capital vs. Earned Capital Earned capital and paid in capital are two important items for investors. Earned capital comes from any profits the operation gathers. Paid in capital is the amount of investment a shareholder has contributed to the business for use (Business Finance‚ 2008). The following paragraphs will contribute a more detailed definition of what these two components are used for and why they are important. This essay will also touch on diluted earnings per share and basic
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Journal of Accounting and Economics 31 (2001) 105–231 Capital markets research in accounting$ S.P. Kothari* Sloan School of Management‚ Massachusetts Institute of Technology‚ Cambridge‚ MA 02142‚ USA Received 22 November 1999; received in revised form 8 March 2001 Abstract I review empirical research on the relation between capital markets and financial statements. The principal sources of demand for capital markets research in accounting are fundamental analysis and valuation‚ tests of market
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There is more to a story than just literary elements. The meaning and feelings it leaves upon the reader as he or she sets an image in their mind. As the story is read‚ the feelings and morals that are portrayed behind the reasoning of the writer’s purpose. The theme explains what the story is about and the reasoning of why the story was written. (Clugston‚ R.W. Chapter 7) The literary elements help to tell the story that contributes to a reader’s mind of a portrayed theme. The story I chose has
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Case Questions Case #5 – Marriott Corporation: The Cost of Capital 1. Are the four components of Marriott’s financial strategy consistent with its growth objective? 2. How does Marriott use its estimate of its cost of capital? Does this make sense? 3. What is the weighted average cost of capital for Marriott Corporation? a. What risk free rate and risk premium did you use to calculate the cost of equity? b. How did you measure Marriott’s cost of debt? 4. If Marriott used a single corporate
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Elements of Literature Style is the spoken characteristics of a writer‚ as unique as his or her face or voice. Their styles express their individual ways of seeing humanity. Style is an insignia of independence and distinguishes a good writer from a meager or average writer. This is just one of the elements of literature. There are many elements of literature. When we read or hear poetry‚ we hear a speaker’s voice. It is this tone of voice that conveys the poem’s tone‚ its indirect mind-set
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ELEMENTS OF DRAMA A. PLOT: This is the arrangement of events in a play‚ the selection and order of scenes based on a story. A story is different from a plot in a way that a story has full account of events while a plot has a selection of scenes from the story in chronological order for stage presentation. The plot has elements like exposition; this is everything the audience needs to know about a play. Conflict; this is the clash of opposing forces. Climax; this is the point at which one of the
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Capital Goods INTRODUCTION: • Capital goods originally referred to the means of production. Individuals‚ organizations and governments use capital goods in the production of other goods or commodities. Capital goods include factories‚ machinery‚ tools‚ equipment‚ and various buildings which are used to produce other products for consumption. Capital goods‚ then‚ are products which are not produced for immediate consumption; rather‚ they are objects that are used to produce other goods and services
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Financial Management Unit – 4 Capital Structure Capital Structure • It refers to the kinds of securities and the proportionate amounts that make up capitalization. • A decision about the proportion among the three types of securities viz.‚ Equity shares‚ Pref. Shares and Debentures refers to the Capital Structure of an enterprise. What is “Capital Structure”? • Definition The capital structure of a firm is the mix of different securities issued by the firm to finance its operations
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