Liability

capital in this concept. The qualitative concept gives an idea regarding source of financing capital. According to qualitative concept the amount of working capital refers to “excess of current assets over current liabilities (Abuzayed, 2012). The excess of current assets over current liabilities is termed as Net working…

Part 1 Because the real world accounting net income does not actually exist, the resulting measurement requires a lot of judgment and estimates. Different parties may differ in their preferred accounting policies. Therefore, it lay down criteria for these policies to determine net income. Due process is essential if investors are to get a reasonable compromise between the interests of the development of standards and managers. Here I will use 3 outside textbook references which relates to due…

accounting/financial knowledge. One way to simplify information is to develop a chart of accounts. The chart of accounts is the foundation of the nonprofit accounting system. It is a set of categories to organize the description of assets, liabilities, net assets, income, and expenses…

highway. Choosing automobile (auto) insurance is a lot like choosing the car it covers-- the task requires thoughtful analysis based on price, individual need and personal taste. A basic auto insurance policy safeguards against property damage, liability and medical costs by offering an ala carte menu of separately priced coverage. Collision- While not mandatory, this reimburses damage to your car that results from an accident. Collision generally comes with a deductible, as much as $1,000,…

They have implemented a $500 clause that limits their liability during the system monitoring effort and have implemented response clauses which gives them the ability to decide if alarm responses are needed. As a stakeholder do you know if you have given an installation/monitoring company the ability to make…

It is the most widely used test of liquidity of a business and measures the ability of a business to repay its debts over the period of next 12 months. Current Ratio = Current Assets Current Liabilities Apple Inc has a Ratio of 1.08 which means that has enough assets to pay debt in short term, and an additional 0.08 cents, when this indicator is below 1 it means that is critically low and represents liquidity problems. Making a horizontal analysis…

The case of Brian Dailey and Ruth Garratt is a good example to demonstrate the concepts that we have learned in this week’s reading and assignments regarding torts. It involves the liability of a minor for an intentional tort. According to the article published by Lawnix, a five-year-old boy, Brian Dailey, was accused of a battery when he pulled a chair out from under Ruth Garratt just as she was going to sit down and caused her to fall and broke her hip. Ruth brought a tort claim against Dailey…

The three companies I have chosen are Wendy's (WEN), Burger king (BKW), and McDonalds (MCD). They are three of the most prominent fast food franchises in North America (when it comes to sandwich and fries). I presume McDonald to be the best investment because it seem to be a larger company, with consumers and franchises worldwide. The gross profit ratio (also called the gross margin) measures profitability. It is calculated by dividing the gross profit by the net sales revenue. It shows…

the other hand, a local and notable manufacturing company Coleman Co. remained namely, due to its own self-interest. To illustrate, Coleman Co. had previously discovered and acknowledged lead contributor to liability to another Wichita area named to the potential for contamination liability more than two years prior to the soil results being forwarded onto the Environmental Protection agency (EPA). However, chose to remain quiet as the cost for clean-up and potential loss of human life where…

Additionally, authorized student drivers can use the school’s insurance when driving fleet vehicles. Nonetheless, the risk management plan does not address other insurance that may reduce liability exposure. For instance, club teams use both campus and off-site facilities for competitions with other colleges but the plan does not state whether the school’s insurance will cover any injuries to participants or spectators that happen at competitions…