Whether the debit-balance account “Cash Discounts” in the Statement of Comprehensive Income should be treated the same way as the “Trade Discounts” account. Background and pertinent facts: Trade discount is allowed by the supplier of the goods to the purchaser when he buys from the supplier in bulk quantities. The purchaser is accountable for the invoice price which is the list price less the trade discount. Whereas‚ cash discount (also known as sales discount) is a decrease granted by supplier from
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Discount Cruises - Save Your Cash - Book Brilliant! Going for a cruise vacation is an extraordinary choice as you can anticipate a stunning time. Not at all like customary vacations‚ has a cruise trip guaranteed a totally unprecedented affair that you are sure to savor for whatever remains of your life. The uplifting news is that few cruise lines are putting forth discount that offer an entire scope of intriguing exercises and administrations on board a noteworthy boat. It is helpful and simple
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Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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Question Presented Whether Sherman‚ under the attractive nuisance doctrine‚ will likely prevail against Carlisle for multiple injuries he sustained in a fall from wooden steps of a tree house in disrepair while trespassing upon Carlisle’s property when: (1) Carlisle was aware that the neighborhood surrounding his property was populated with children; (2) a severe storm had damaged Carlisle’s property and exposed the previously concealed tree house; (3) Sherman was six years of age at the time of
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Attractive Industries Michael Porter’s Five Force Model is one of today’s leading models on how certain forces that arise within industries creates change in both a negative and positive aspects. Many executives use his model to analyze the different industries and see where there may be a potential star performers and utilize their current company’s capabilities and resources to enter that new industry in a successful manner (Daft‚ 2007). His model can also help companies move into other market
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Discount and Hawkins Case Case Synopsis The subject matter of the case is presented as a negotiation between a real estate developer‚ Hawkins‚ and a possible anchor tenant‚ Discount Marketplace. Both parties are represented by professional negotiators: Myra Hart is representing the Hawkins Company and Genia is representing the Discount Marketplace. The Hawkins Company is a real estate developer‚ who is operating across UK‚ offering different types of services‚ such as: Mortgages‚
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The discount rate Main article: Discount rate The rate used to discount future cash flows to their present values is a key variable of this process. A firm’s weighted average cost of capital (after tax) is often used‚ but many people believe that it is appropriate to use higher discount rates to adjust for risk or other factors. A variable discount rate with higher rates applied to cash flows occurring further along the time span might be used to reflect the yield curve premium for long-term
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Johnson 1 Jasmine Johnson Professor Palmer English Comp 1 September 2009 How To Take A Bath Thinking of taking a bath‚ the first thing that may come to mind would be which bubble bath your going to use or if your going to have enough time to soak. Usually you may be on a set schedule. The first step in taking a bath is washing the tub out. Washing the tub out helps cut down on many germs. It is up to the person if he or she cleans it out. Other steps you should follow when taking a bath is
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Preparing To Take Notes *Complete all assigned readings *Review notes from previous class *Gather need materials Preparing Your Paper *Each page of notes should include: -Class -Date -Topic -Guest Speaker‚ any identifying information What to Write Down *Use active listening skills *Listen for cues -Goals‚ purpose of lecture -Signal Statements *"The most important thing to remember" *"Keep in mind" *"Make sure you know" *"I expect you to" *"Listen closely" *Titles *Main
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on to create one of the most successful companies in history. At the time Americans were benefiting from a post war boom with an “era of rising living standards and growing consumption” Adams (2006:214). In order to analyse the attractiveness of discount retailing Porters competitive forces framework can be used. Porter (1980:3) states that “competition in an industry depends on five basic competitive forces”. As seen below in figure 1. Figure 1. Threat of new entrants Porter (1980:7)
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