Liability

economic activities and their major concerns remain their survival and profitability. On the asset side of the balance sheet, banks guarantee the smooth flow of funds by lending to deficit spending units while providing liquidity to savers on the liability side. In addition, banks provide payment and settlement systems which facilitate trade. However, by ensuring the productive investment of capital and the profitability of other varied functions…

The case deals with delict, part of the law of obligations. Although delict deals with wrongdoings it is not part of criminal law but civil law (Scottish Courts and Tribunals, 2016), sourced from common law such as Judicial Precedent, “Donoghue v Stevenson, 1932” (Wylie and Crossan 2010:305). Therefore, in cases involving delict, burden of proof is judged on the balance of probability. The procedure for civil cases in Scottish courts starts at a Sherriff Court, if appealed goes to the Court of…

According to the 2015 April’s balance sheet (see Table 2), the total current assets are 124,195,000 dollar, but the total current liabilities are 153,092,000 dollar. Based on the ratio: Quick Ratio = (Current Assets - Inventories)/Current Liabilities The Bob Evans quick ratio is 0.65, which is lower than 1. That means Bob Evans cannot afford the short term liabilities. Bob Evans should try to negotiate with obligations to pay credit or borrow money from the bank to solve this dilemma.…

accepted accounting principles GAAP (Generally Accepted Accounting Principles). After reviewing the auditor’s report, Marry Ann evaluated financial statements (Losano, 1979). The evaluation showed that the recent balance sheet of the business had more liabilities than assets. The main reason that led the owner to get out of business was the following: the business had assets that were not sufficient to pay off all debts that resulted in…

ratio tells more about the total liabilities over assets. One should invest when a company’s short-term debts are lower than short-term assets since that is an indication of financial fitness (Berk & DeMarzo, 2017). Lastly, an investor should consider information concerning the credit rating of a company. Some ventures have long-standing debts that put them at negative ratings by the credit-rating agencies. A firm’s ability to offset principal and interest on its liability obligations signifies…

Judicial immunity, as defined by Duhaime’s Law Dictionary, is the absolute immunity from civil liability for official decisions or acts . In Robert Klingman’s article, he defined the immunity as ‘almost anything that transpires in a judicial preoceeding’ . Judicial immunity is granted to judges and court officers for tortious acts or omissions done within the scope of jurisdiction or authority . An example of judicial immunity is that a judge is not liable for a slander or liberal suit when…

up-to-date credentials, steer clear! An unlicensed contractor may not know how to do the job properly, leaving you with a faulty roof and even more bills in order to fix their mistakes. What’s worse, an unlicensed contract is likely not covered under the liability insurance, meaning that any damage they cause in your home is uncovered; this means that you will be responsible for recouping any damages through small claims court, a time-intensive and difficult process. Experience An experienced…

these three reports, any business manager will get a view of the company’s financial standing, the income and outgoing funds, and a breakdown of incoming funds. The purpose of a balance sheet is to show the current status of a company’s assets, liabilities, and its owners’ equity. The assets part of the balance sheet shows the company how much money they have, how much…

Coco-Cola and Pepsi are the world’s largest beverage company. Although both the companies are known in the market presence for a huge number of products starting from Non- Alcoholic Beverages , Sparkling water , water , juices , and Juice Drinks , ready to drink tea’s and coffee ,sports drink & Snacks. We will deep dive into their Product line of each of these companies. Primary Product Line Coco-Cola Pepsi Co Non Alcoholic Beverage Snacks Water Global Beverages Beverages Global Nutrition…

management looks at the relationship between a firm's short-term assets and its short-term liabilities. The main goal of working capital management is to ensure that a firm has adequate cash flow for their operations and has the most productive use of their resources. Net working capital is the excess of current assets over current liabilities. Since current assets can be financed by either current liabilities or long term funds, the excess of current assets must be financed by long term funds. …