Chapter 8 Discussion 2 Week 5 Receivables Assignment

Chapter 8 Discussion 2 Week 5 Receivables - Assignment Example This would mean that a firm may either have to abandon its plan for a liberal credit policy or it may end up having cash flow crisis if it continues with the plan. Competitors’ actions and reactions of customers to a change in the credit policy are important. It is possible that customers may shift their business in favor of a competitor who offers the best credit terms. Credit controllers in firms should take a competitors and customers analysis to determine possible effects to a change in credit policy. The management should ensure that it adopts a policy that poses minimal risk of lost customer goodwill as well as providing a sustainable competitive advantage (Bartels, 1967). Probability of bad debts and the managements risk appetite are also a major influence of a credit policy. If the management of a company determines that there is a high risk of their credit sales becoming bad, they would probably set up a tight credit policy. Companies whose management is risk averse do not favor loose credit policies. Impact of the credit policy on turnover, profitability and liquidity should also be considered. The management should seek to maintain a balance between increasing sales and profits and maintaining liquidity at appropriate levels (Talekar, 2005). This trade-off dictates the credit policy of a firm. The company may opt to reduce the credit limits of clients who are perceived to pose a high risk. The management should carry out customer due diligence and analyses so as to assess the credit worthiness of their clients. This should be done periodically, and the management should ensure that credit limits are lowered for high risk clients. This should be done carefully so that the customer’s loyalty is not eroded. The amount of $ credit sales should be capped to a certain limit depending on the credit worthiness assessment. The management may seek to use third parties

Land Law Essay Example | Topics and Well Written Essays - 1500 words - 7

Land Law - Essay Example Land law looks after people’s conflicting and competing interest to the land. There are circumstances that people share title to the land. Sometimes people have rights over land that is owned by another. A freeholder may have the legal right to the land however he does not have the legal right to posses or use or even access the land (FindLaw ____). Land law in England can sometimes be complex and so are the scenario presented with this paper. According to Land Registry Practice Guide 8, a deed is very important when it comes to dealing with land. There are only few exemptions to this, but in general a legal interest over a land cannot be established or conveyed without a deed (s.52 (1), LPA 1925). A deed has to have the following elements in order to be accepted legally as Deed: It must be very clear on its face that it is a deed that the person or parties that are making it are indeed making it to be a deed. This can be done by calling, entitling, or describing the document as it is and to be executed as a deed. A signature must be properly affixed to a document executed as deed (s.1 (4), LP (MP) A 1989). The name of the person to whom the deed is being executed must appear on the document, and the signature must properly be affixed to it. The same should be true with the person or parties executing the deed with names appearing on the document indicating all the signatories of the said document. Attestation – a deed should show proper attestation or witnessing. A deed must be signed in front of a witness who attests the signature (s.1 (3), LP (MP) A 1989). The address of the witness must be provided in order for the witness to be located in case the need arises. There are two kinds of a leasehold title: the absolute and the good leasehold. To be able to hold a leasehold title, the person must first own the lease and second, it must be rewarded or

The Porters Five Forces Competition Model Essay

The Porters Five Forces Competition Model - Essay Example Since the government is protecting the industry because of the high tax rate imposed on fine fragrances, it would be harder for the consumers to have a bargaining power over the price of related products. The local consumers are left with no choice but to avail these items at a high price or simply use non-branded perfumes or colognes. Therefore, the bargaining power of the buyers on fine fragrances is low. Â  The bargaining power of suppliers is also low because there are a lot of suppliers available in the area competing to supply the raw materials for the big producers of Fine Fragrances like Channel, YSL, Givenchy, etc. Since there are a large number of suppliers in the area plus the option of finding a supplier in other countries, the competition among the suppliers of raw ingredients is very high. (See Chart I – Fine Fragrance Industry on page 4) Â  Buyers have a medium bargaining power over the retailers of fine fragrance products because the local consumers have the choice of paying high prices from a legal distributor and/or to buy the same product from grey market traders at a lower price. Â  There is a high threat of substitute because of the grey market traders. These people are selling the overproduction of fine fragrances at relatively low prices than those being sold from an authorized dealer. Â  The suppliers have a medium bargaining power. This is because they have the option to sell their products directly to the authorized dealers and/or the overproduction of fine fragrances are sold in grey markets at a lower price. (See Chart II – Retailing Fine Fragrance Industry on page 6) Â  Jennifer Lopez was very successful in launching a perfume that was designed to capture the market for young women between 15 to 24 years old back in September 2002. (Wagner, 2006; Lloyd-Jones, 2005)

Organization and planning assumptions for the Community Disaster Essay

Organization and planning assumptions for the Community Disaster Relief Plan.M1S - Essay Example Some trade goes on, as does logging in the expansive forest, lying in its outskirts. The people in Chloe-land live mainly off the logging and the timber factories, with lumberjacks being the town’s most treasured people. Many residents have no formal employment and work in the timber industry, and it is a very religious town. There are two major disasters that these people are most vulnerable to, wild fires in the forests and massive landslides for those who live on the hill-slopes (David & Cleland, 2006). The plan is to allow one to modify effects of the disaster. Therefore, it is imperative to use social units in an effort aimed at disaster reduction. How successful these efforts are will rely on the level of understanding of the social structure of Chloe-land (David & Cleland, 2006). Social assumptions are important, especially three underlying ones. Presuppositions that steady emergency planning contemporarily, the issues that relate to institutionalizing of measures against forest fires in Chloe-land and the evacuation and temporary settlement of the inhabitants of Chloe-land as a way of reducing future risk ((Dewar, 2002). The community organization structure would include the local police department, the local pastor and priest as well as the head of the lumberjack umbrella body. The captain of the local baseball team, a well-respected young man, would be a help with the younger generation. This would support the CDRP well enough until the authorities come in to join

Equity and Trusts Essay Example | Topics and Well Written Essays - 2000 words

Equity and Trusts - Essay Example The further disposition of that property will operate as a secret trust requiring that the person to whom the bequest is granted to comply with the wishes of the donor provided he agrees to hold the property for the benefit of another or by virtue of his silence he acquiesces.1 There is evidence that Tom acquiesced in Vito’s request because when Vito made the bequest of 100,000 pounds and pointed out that the proceeds were to be disbursed between Lucy and Santino. Tom did not respond. Therefore his silence will be construed as consent to Vito’s wishes. The case of Gold and Gilbert v Hill provides some guidance for the validity of secret trust of 100,000 to Tom to be held upon trust for Santino and Lucy. Gilbert designated Gold as his beneficiary for an insurance policy in the sum of 350,000 by virtue of a non-testamentary disposition. When executing the necessary insurance policy form, Gilbert provided information that defined Gold as the executor of his estate. At a later time Gilbert executed a Will, in which he named his solicitor the executor of his estate with his wife designated as the only beneficiary.2 Thereafter Gilbert became involved in an intimate relationship with Carol following which he informed Gold of the particulars contained in his bequest of 350,000 via the insurance policy. He pointedly advised Gold that ‘if anything happens to me you will have to sort things out. You know what to do - look after Carol and the kids. Dont let that bitch get anything.’3 Following Gilbert’s death Gold and Carol took the matter to court seeking declarative relief on the grounds that Gold held the insurance policy proceeds in the terms of a secret trust for the benefit of Carol. The court held that based on the evidence which consisted of the information contained in Gilbert’s insurance application form together with his communication to Gold, on a balance of probabilities, operated to

Philosophical assignment 4 Essay Example | Topics and Well Written Essays - 250 words

Philosophical assignment 4 - Essay Example â€Å"Things†, on the other hand, implies the object of experience. However, in the historical context, it is profoundly imperative to comprehend what type of function the meaning of Protagoras’s statement plays as well as the influence that it has on the contemporary society. In addition, the statement advocates subjectivistic individualism, which concerns the sense perception, as well as the general truth (Ophuijsen, Raalte, and Stork 198). Plato argues that values such as morality cannot be objective but subjective similar to the matter of taste. Protagoras’ thesis offered a profound philosophical basis for the sophistic understanding of wisdom. This Protagoras epistemology disapproves the statement that if information is knowledgeable, then it should be true universally and not to a particular individual irrespective of the societal background. Additionally, Protagoras and his followers did not agree that ethical duties and morality must be universal. Thus, if it is true that knowledge is relative to a particular person, then the wisdom must be

IB Biology Substrate Specificity of Digestive Enzymes Planning Essay

IB Biology Substrate Specificity of Digestive Enzymes Planning Investigation - Essay Example There are two proposed mechanisms by which enzymes specificity can be put forward, 1) Lock and key model; where substrate act as key for enzyme as lock or in other words enzyme possess specific grooves where only specific substrate can be fixed 2) Induced fix model; where enzyme creates site for substrate when it comes in contact with it. In the given experiment we will investigate the substrate specificity of enzyme amylase towards its substrate Starch. We will also investigate the effect of various physical parameters like temperature, pH, enzyme concentration etc. 3. Hypothesis: Amylase has absolute specificity toward starch and will not act on any other polysaccharides. Similarly rate of conversion of starch to glucose is highly influenced by various factors like temperature, enzyme concentration and pH. The tubes were arranged and 5ml of Starch, Cellulose and glycogen solution was added to them and incubated at 37C in water bath for 2-3min to allow the temperature of solution reach to 37C (water bath was switch on before experiment was started and was at set temperature). Tubes were observed for red to brick red color indicating liberation of glucose. Appropriate blanks were kept to validate overall experimental procedure that includes Starch solution without amylase, tubes without starch or substrate etc. Development of red color indicates activity of Amylase and thus generation of glucose. 7. Control variables: Temperature: Test tubes were arranged as mentioned earlier and 5ml of starch solution was added to them. Three different temperatures were used in this experiment. The water baths were set at 20C, 37C and 45C. When the substrate attained the temperature, 1ml of saliva was added to each tube and further incubated for 15min. After incubation few drops of benedict's reagents were added to each and further incubated for 5 min. Color development was observed as above and noted.