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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protect consumer interest. Monopolistic trade practice is that which represents abuse of market power in the production and marketing of goods and services by eliminating potential competitors from market and taking advantage of the control over the market by charging unreasonably high prices‚ preventing or reducing competition‚ limiting technical development‚ deteriorating product quality or by adopting unfair ordeceptive trade practices. MRTP Act repealed and is replaced by the Competition
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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 the invoice price of the
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Advantages and Disadvantages of Plea Bargaining Cherese Murphy CJA/224 May 17‚ 2012 Maxine Craig Advantages and Disadvantages of Plea Bargaining The history of plea bargaining go back to the 19th century; by the second half of the 19th century plea bargaining was somewhat a common practice. (Siegel‚ Schmalleger‚ Worrall 2011‚ 320) However‚ plea bargaining became more common in the early and mid-1900’s. From 1916 to 1921 the Georgia Department of Public Welfare advised that guilty plea rates
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Throughout history‚ religions have been created and still today continue to be created. Most people have a common faith that they have inherited from their ancestors; they have and always will practice their religion as long as it seems to be in their favor. Some people go to church to cleanse their conscious of the naughty things they’ve been doing and fear the wrath of their god. Others may have a lot of things going their way and they want to thank their faith in religion for these blessings.
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a freighter Slade steels whiskey Outline: A. Bargain tells the story of a man named Slade who could not read. Mr. Baumer ‚ a store owner‚ hires Slade to deliver his goods for him. Slade is found dead. B. Details: 1. Mr. Baumer tries to deliver a bill to Slade 2. Slade causes a scene 3. Slade beats up Mr. Baumer 4. Mr. Baumer hires Slade 5. Slade found dead 6. Barral reads deadly poison Rough copy: Bargain tells the story of a man named Slade and a store owner
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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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Accounting for Uncertainty in Discounted Cash Flow Valuation of Upstream Oil and Gas Investments∗ by William H. Knull‚ III‚ Scott T. Jones‚ Timothy J. Tyler & Richard D. Deutsch∗∗ Valuing future income streams from the production of oil and gas is a welldeveloped discipline within the industry and among sophisticated investors. Valuations drive companies’ investment decisions and market transactions every day. In the context of resolving disputes‚ especially international ones‚ arbitral tribunals
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“Julius Caesar” Act II Brutus’ Behavior Brutus’ unusual behavior can be contributed to several things. Brutus and Caesar have been life-long friends. Brutus feels loyalty toward Caesar‚ but he is torn because he feels that Caesar is abusing his power and has risen far too quickly. The letter from Cassius makes Brutus think that the Roman people want Caesar dead so that Rome can be restored. Brutus is a vain man and is easily manipulated by Cassius’ letter. Brutus twists the letter’s meaning
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Defense of Plea Bargaining article‚ “a plea bargain is a contract with the state. The defense agrees to plead guilty to a lesser crime and receive a lesser sentence‚ rather than go to trial on a more severe charge where he faces the possibility of a harsher sentence.” We are also told in The New York Times Article; Federal Law on Sentencing is Unjust‚ Judge Rules that “about 97 percent of federal criminal convictions nationwide were the result of plea bargains.” In a Frontline Program- The Plea we watched
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