Product Liability Essay

Beverage Co. will sell soft drinks as its primary product in addition to juices. Its products will be the tastier than it’s competitors. Because all the new flavors and new technology for producing soft drinks and juices will be required in this company. Slanta’s products will much different than normal because it will follow special and attractive packaging process and attractive show rooms. It will also control quality consciously for products. Slanta Beverage will also hold many marketing

_________ 1. Some liabilities are not contractual obligations and may not be payable in cash. True False 2. Amounts withheld from employees in connection with payroll often represent liabilities to third parties. True False 3. A customer advance produces a liability that is satisfied when the product or service is provided. True False 4. Long-term debt that is callable by the creditor in the upcoming year should be classified as a current liability only if the debt is expected

specialist for everyone ' 'it is quite advanced. The Constant focus lies in the freshness and value of the products but also exceptional service to more people. Objectives The strategic objectives are

11 Current Liabilities, Contingencies & Provisions Required Reading: Alfredson – Chap 5, Keiso – Chaps 13, IAS 37 Learning Objectives 1. CURRENT LIABILITIES: – Define and explain types of current liabilities. – Account for the major types 2. IAS 37 PROVISIONS & CONTINGENCIES – Define Provisions and answer the following questions: • • • Why do them When to provide How much to provide – Calculate and account for Restructuring Provisions – Define Contingent Assets & Liabilities and apply

Classifying Assets Let’s look at the balance sheet for Tootsie Roll in more detail. First, the assets on a balance sheet are listed by how easy it is for the asset to be converted into cash. The easiest asset to convert to cash is listed first and the hardest to convert is listed last. The ease which an asset can be converted to cash is called liquidity. Current Assets Current assets are assets that can be easily converted to cash or will be used within one year. Tootsie Roll 's balance sheet lists

collecting their receivables and converting it into cash, which also impact revenues. Amazon current ratio (current assets/current liabilities) for the past fiscal year 2015 was 1.07. The current ratio shows that the company is able to meet its short-term debts when due. However, there is room for improvement, as the goal should be more than twice the current liabilities to enhance the company’s strength. This will guarantee that the company has adequate amount of cash for payroll and other expenses

It is projected that cash reserve for the business will rise in future due to growth in sales and therefore the cash dividend is likely to rise in future. The new equipment has been fitted and with this new equipment, a new streak of paint products are anticipated to be announced. This shall be the new line of paint specially made for the newlyweds. This will be announced as environment friendly, easily removable paints which can be used by the newlyweds to decorate their room in different

and that is; companies want to survive. Small companies to huge companies all have to fight to extend their life cycles. A company’s longevity can reside solely on their ability to manage their assets, liabilities, revenue, and expenses. If a company can control and understand their assets, liabilities, revenue, and expenses than they are able to produce data statements like balance sheets and income statements. Assets is a company’s best friend, they provide the stability and resources needed to keep

world-class business. Which student is correct? A. Both B. Student A only C. Neither D. Student B only 3. Which of the following represents the basic accounting equation? A. Owners ' Equity − Liabilities = Assets B. Liabilities = Assets + Owners ' Equity C. Assets = Liabilities + Owners ' Equity D. Assets + Liabilities = Owners ' Equity 4. Nearly a week before Hurricane Katrina reached New Orleans, Wal-Mart began moving trucks and supplies into position, as

c) cash ratio = cash / short-term liabilities What is measured: How many Euros of cash cover 1 EUR of short-term liabilities. 2) Leverage ratios a) debt to total assets ratio = total debt / total assets What is measured: How many percents of total funds (capital) are provided by creditors b) debt to equity ratio = total debt / equity equity = total liabilities – liabilities What is measured: The percentage of total funds provided by creditors versus