Limited

Question 1: (i) If we look at the consolidated income statement of Brambles Limited we can clearly understand that they have implemented the function of expense method in order to classify their expenses. This method requires the company to relocate its expenses among functions of the company such as its selling expense, administrative expense, cost of goods sold etc. For instance depreciation of administrative building could be presented as administrative expense by using the function of…

Pros. • You don’t have any worry about having to pay the business overheads like rent, taxes, or utility bills. You don’t have ultimate responsibility for the business, and that can be liberating • You gain incredible experience. You learn from your mistakes • You are immersed in an established business. You will get to see first-hand how that business runs - whether you work in a salon or as a mobile groomer for somebody else • You will meet lots of dogs. You will develop your dog handling…

Television news refers to advertising current events, whether it is local, national or international, easy and efficiently through the use of sound and visual elements. In the news you will discover segments which people find either important or entertaining, such as sports coverage, weather forecasts, finance updates and traffic reports. Due to there being different audiences, news networks report the same news they just tell it differently to fit the requirements of their selected target…

1) The best metaphor for a corporation is an “apple within a barrel where most apples are good and just a few bad”. It takes one apple to ruin it for the rest or spoil its companion. Corporations can often be seen as “bad apple's” bent on taking control of public power and only focused on making money, regardless of the consequences. Corporations are trying to engage themselves in as much profit as possible at anyone’s expense without realizing how unsustainable they are being towards the…

the veil of incorporation is permitted when the person of the company are using the incorporation of the company to deliberately frustrate a legal obligation. A veil was described as a wall between the company and its shareholders. Hence, once a limited liability company is created as of the separate legal entity principle, the veil of incorporation will be created between the personal assets of the members and the assets of the company. There are three exception circumstances which the veil of…

1) Current organizational structure Wesfarmers Limited is listed company indulged in retail, chemical, fertilizer, coal mining as well as industrial safety products. The company is the largest company by revenues size in Australia. The company has been majorly present in retail store however it has recently started to shift to e-commerce. The organizational structure of the company is of two types. One for the division in the organization and other is one for the human resources of the…

Business and Organisation Structures TASK 1 There are different types of businesses. Some of them are Sole Traders, Partnership businesses and Limited companies. Sole Traders are the types of organization which is run by a sole owner. There is one person in charge. The sole trader takes the decision of expanding the business, how to operate and what kind of service to provide. The benefits of sole traders is that the owner gets all the profit and have total control on how to run the business.…

,( A) KALLESI MACTAVISH V MAYA STORK In this case Kallesi Mctavish who is the owner of establishment is the principle and Maya Stork the manager of the hotel is the Agent who orders supplies to the hotel. The suppliers are known as the third party. Maya stock as an agent is not allowed to order any expensive shampoo and shower gels as well as any supplies that are over £150 without kallesi’s approval since she is the principle. All the standard suppliers to the hotel are mindful of this…

Discuss the significance of the case AG Seurities v Vaughan. In the two cases tried together, the House of Lords reasoned that having exclusive possession of a bedroom is not enough to form a tenancy and in addition a tenancy cannot be treated as a license in relation to a section which disputes the nature of the agreement. In AG Securities v Vaughan four people were to share a flat with three other people in favour of the landlord after they had signed the lease. The lease agreement was…

Aristocrat Leisure Limited company is the world's second largest gambling machine manufacturer in Australia, and Ainsworth Game Technology Limited is also a manufacturer and supplier of gaming consoles, software and other related equipment in Australia. Aristocrat Leisure Limited company is the largest gambling machine manufacturer in Australia and it is the leader of the Australian economy, which accounts for nearly sixty percent of the market. The company produced the first machine in 1953,…