In the case of Keller v. Inland Metals All Weather Conditioning‚ Inc. Inland Metals did have an express warranty with the humidifier it sold to Keller. According to NOLO (2015) “an express warranty is a verbal or written statement that guarantees that a product is of a certain quality or will work in a certain way or for a certain amount of time.” In the case of Keller v. Inland Metal‚ Inland Metals provided both verbal and written statements about the quality of the humidifier they sold the
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Week 1 assignment 1 1CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify astrue or false. If false‚ explain why the statement is false. 1. GAAP is the term used to indicate the whole body of FASB authoritative literature. 2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements. 3. The primary governmental body that has influence over the FASB is the SEC.
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Investment Trusts Trading At Discount TOPIC # 3 Introduction According to Cheng et al. (1994‚ p.813)‚ ‘an investment trust company (ITC) is a UK public limited company‚ the business of which consists of investing its funds mainly in securities‚ with the aim of spreading investment risk and giving members of the company the benefit of the results of the management of its funds.’ In the UK‚ investment trusts started to form as early as the mid 1800s and helped small investors to diversify
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Brailsford 4e: Solutions Manual Chapter 1 The investment decision Learning objectives After the completion of this chapter‚ the reader should be able to: ● understand the nature of an investment ● describe the key steps in the investment process ● recognise the major investment asset classes ● understand the role and function of financial markets ● understand the concept of return‚ and be able to distinguish between realised returns and expected returns ● understand the relationship between
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QUESTION 1: Image you were a director of MTSB in 2006‚ what would be the steps you would taken to fulfill your fiduciary duties as a director. The steps MTSB have taken to fulfill the fiduciary duties as a director according section 6 of Companies Act‚ fiduciary duties of a director. Step 1 : Understanding about duties of director To carry out your duties as a director well‚ it is necessary for you to be fully aware of the duties and responsibilities expected of directors. Directors are fiduciaries
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2010 Any two should be completed and submitted individually. MGM 713 C A S E 2 ASSIGNMENT QUESTIONS 1. What is Costco’s business model? Is the company’s business model appealing? Why or why not? 2. What are the chief elements of Costco’s strategy? How good is the strategy? 3. Do you think Jim Sinegal is an effective CEO? What grades would you give him in leading the process of crafting and executing Costco’s strategy? What support can you offer for these grades? Refer to Figure 2.1 in Chapter
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PENSION FUNDS A pension plan fund is established for the eventual payment of retirement benefits. A plan sponsor is the entity that establishes the pension plan. A plan sponsor can be: • A private business entity on behalf of its employees‚ called a corporate plan or private plan. • A federal‚ state‚ and local government on behalf of its employees‚ called a public plan. • A union on behalf of its called a Taft-Hartley plan. • An individual‚ called an individually sponsored plan. Two
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Option Valuation Chapter 21 Intrinsic and Time Value intrinsic value of in-the-money options = the payoff that could be obtained from the immediate exercise of the option for a call option: stock price – exercise price for a put option: exercise price – stock price the intrinsic value for out-the-money or at-themoney options is equal to 0 time value of an option = difference between actual call price and intrinsic value as time approaches expiration date‚ time value goes to zero 21-2
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Derivatives Market. In the financial world‚ we find various investment instruments called derivatives. It is defined as financial derivative or derivative financial products to those whose value is based on the price of another asset. This means that financial derivatives are instruments whose price or value is not determined directly but depend on the price of another asset which we call the underlying asset. The underlying asset can be a stock‚ a stock index‚ a commodity or any other financial
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information processing services; it is stable income for the company in the past 15 years. Other than that‚ the company wants to use industrial life cycle and business cycle to show that how their businesses living in the big market and use their pricing strategies to set their product’s price to make sure it is suitable for the big market in the United States. The industry’s life cycle has different life stages in a particular industry. There are stages in everybody’s life like childhood‚ adult‚ middle age
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