1248 EP-CL-35 STUDY XXXV WINDING UP OF COMPANIES NOTE: Wherever the term ‘Court’ is being used in the chapter that will be substituted by ‘Tribunal’ in accordance with vide Companies (Second Amendment) Act‚ 2002 w.e.f. a date yet to be notified. INTRODUCTION -It is the process by which a company’s life is ended and its property administered by liquidator or administrator for the benefit of creditors and members -A company can be wound up even when it is solvent DIFFERENCES BETWEEN
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run a business as a partnership? (2). A and B are in partnership as accountants. Without B’s knowledge‚ A‚ in the name of the partnership‚ entered the following transactions‚ although he had no express authority to do so: (i) (ii) purchased new office stationery and equipment for the firm. purchased shares to the value of $15‚000 in the partnership name in an exploration company soon to be floated on the ASX. (a) (b) Discuss the liability of the partnership. Can B be personally
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(a) “Nemawashi” is an agricultural metaphor. The idea is that before a farmer plants a seed‚ he should prepare the roots and the soil‚ so that the seed has the best chance of survival. It is a political process by which an unofficial understanding is reached before a final decision is made on a particular matter. “Nemawashi” is Bottom-up style decision making (middle management has the greatest influence on decision making). The Japanese are primarily concerned with harmoniously working out problems
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............................................................................ 3 Basic valuation ................................................................................................................................................ 3 Liquidation ...................................................................................................................................................... 5 Dividends ................................................................................
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management. d. capital budgeting. e. capital structure. SECTION: 1.1 TOPIC: WORKING CAPITAL MANAGEMENT TYPE: DEFINITIONS 6. A business owned by a solitary individual is called a: a. corporation. B. sole proprietorship. c. general partnership. d. limited partnership. e. limited liability company. SECTION: 1.2 TOPIC: SOLE PROPRIETORSHIP TYPE: DEFINITIONS 1-2 Chapter 001 Introduction to Corporate Finance 7. A business formed by two or more individuals who each have unlimited liability
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nytimes.com/1984/06/08/business/market-place-analysts-favor-harnischfeger.html Markgraf‚ B. (n.d.). What Is a LIFO Liquidation? The Houston Chronicle. Retrieved from http://http://smallbusiness.chron.com/lifo-liquidation-51049.html Bank‚ E. (n.d.). The Effects of LIFO Liquidation on Balance Sheets. The Houston Chronicle. Retrieved from http://smallbusiness.chron.com/effects-lifo-liquidation-balance-sheets-67480.html
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commercial partnership has a legal personality distinct from that of its member or members‚ and such legal personality shall continue until the name of the commercial partnership is struck off1 the register.2 This separate juridical personality comes into being upon registration of a new company as one of the first legal effects of registration. The position as it had been under the Commercial Partnerships Ordinance has not changed as it too had explicitly stated that a commercial partnership ‘has
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EXAM 2 STUDY GUIDE LIST I. CHAPTER 6 a. SFAS MATRIX (PAGE 176 – 181) b. TOW’S MATRIX c. PORTER’S GENERIC COMPETITIVE STRATEGIES d. COOPERATIVE II. CHAPTER 7 a. 3 MAIN DIRECTIONAL STRATEGIES b. PORTFOLIO ANALYSIS III. CHAPTER 8 a. FUNCTIONAL STRATEGIES a.i. MARKETING STRATEGY a.ii. FINANCIAL STRATEGY a.iii. R&D STRATEGY a.iv. OPERATIONS STRATEGY a.v. PURCHASING STRATEGY a.vi. LOGISTICS STRATEGY a.vii. HR STRATEGY a.viii. IT STRATEGY b. SOURCING DECISION c. CORPORATE SCENARIOS
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steam engines‚ jute and jute products‚ slide rules‚ calculators and wooden toys are some products that have either disappeared or face decline. There are three types of retrenchment strategies – Turnaround Strategies‚ Divestment Strategies and Liquidation strategies. 1. Turnaround Strategies Turn around strategies derives their name from the action involved that is reversing a negative trend. There are certain conditions or indicators which point out that a turnaround is needed for an organization
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We would value Paint pen at$6‚943‚040 at a P/ E Multiple of 8x of the earning in the fiscal year 1996($867‚880*8) Liquidation based Value: We valued Paint Pen at .966 M based on what we would be able to realize if all the of Paint Pen were sold and the company was liquidated assets. Assets for Liquidation Book Value % Recovery in Liquidation Recovery In Liquidation Current Assets Cash 16680 100% 16680 Note Receivables 1118 65% 726.7 Account Receivables (Less
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