unexpected introduction of foreign exchange control restrictions by their country’s government during the credit period (i.e. if they are trading internationally). They are dead. In these circumstances‚ a business might decide to give up expecting payment and to write the debt off as a lost cause. Businesses normally make provisions for such cases. Provisions are those amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation
Premium Debt Generally Accepted Accounting Principles
Discuss the business strategy adopted by eBay in the evolution of its internationalization efforts? eBay is an online peer to peer auctioning platform that allows people from all over the world to sell and trade goods. eBay was setup nearly 13 years ago and has seen its net revenues grow into the billions ever since. eBay acts an intermediary between sellers and buyers to provide a safe and secure environment for people to browse‚ buy or sell products that are new‚ used or hard to find. The system
Premium Peer-to-peer Market File sharing
‘Mobile phones are more of a nuisance than a benefit.’ Discuss The mobile phone is a device which has revolutionized the world of technology. In fact the mobile phone started with the keypad buttons and has now attained the ‘touch screen’ system. Nowadays three persons out of five possess a mobile phone. It is a tool which is used everyday and is sometimes essential for someone depending on the type of job‚ one does. For instance‚ businessmen use their mobile phones much for transactions or for
Premium Mobile phone Bluetooth
The American Flag is the most widespread symbol Americans have. It took a disaster to make me realize how important it is. I would always wave the flag in a parade or on the Fourth of July‚ but I never really stopped to think about what I was doing. The terrorist attacks on September 11‚ 2001 are what changed my view. They caused me to reflect about our country and the value of saying‚ “I am an American.” After September 11th‚ there was an explosion of patriotism. Flags were bought and hung everywhere
Premium United States High school United States Declaration of Independence
Strategic Planning for Profit and Non-Profit Organizations Name School Table of Contents Abstract 3 Introduction 4 Discussion 4 Role of government in regulation of non-profit fundraising 4 Demanding of disclosure statements 4 Provision of more funding 5 Appointment of external auditors 5 Role of states in regulating non-profit fundraising 6 Sarbanes-Oxley-type legislation in non-profit fundraising 8 Importance of Sarbanes-Oxley type legislation 8
Premium Non-profit organization Fundraising
2) Explain why a profit maximizing firm produces the output that equates marginal revenues to marginal costs (MR=MC). In a perfectly competitive market‚ producers are price-takers and consumers are price-takers. There are many producers‚ none having a large market share and the industry produces a standardized product‚ also free entry and exit of the industry. They produce using the optimal output rule: produce where marginal revenue equals marginal cost as Smith (1904) demonstrated. Figure
Free Economics Perfect competition Monopoly
I was praised for my accomplishments at an early age and I believe that the satisfaction I gained from impressing others was motivation that impacted my future. I continued to do the best I could in school. My mother was very strict and tough on me when reviewing my work‚ ripping my essays if I wrote in sloppy handwriting and erasing all of my math problems if I got more than one wrong. It was emotionally difficult but I eventually toughened up‚ and her training made me a more diligent student. The
Premium High school Education Teacher
being‚ to make profit and then in turn grow and expand as a business in the hope that they increase profits. After all‚ not many people want to be in the business of losing money‚ it is simply the function of a business ... to make money. However‚ in saying that‚ I would disagree in saying that this is entirely a “social” responsibility. Businesses have a responsibility to their stakeholders and/or their shareholders to increase profits‚ but socially they are required to do so much more. In terms
Premium
sport. Rugby is above all a dangerous one. However rugby men don’t earn so much money. I don’t think that football players’ salary should be reduced but‚ I rather think that their salaries should be equivalent. Firstly‚ injuries are more serious in rugby than in football. You are going to tell me that football players are sometimes wounded. Though‚ lots of them simulate‚ with the intention of cheating. I know that it’s not their wish‚ that they’re paid for it.
Premium Football American football United States
Milton Friedman‚ “The Social Responsibility of Business is to Increase Profits” In the article‚ “The Social Responsibility of Business Is to Increase Profits‚” Friedman states that “businessmen believe that they are defending free enterprise when they proclaim that business is not concerned merely with profit but also with promoting desirable social ends.” This social responsibility is defined as Corporate Social Responsibility (CSR)‚ which is the belief that “corporations owe a greater duty
Premium Social responsibility Sociological terms Corporate social responsibility