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Clinton, Joseph and Elizabeth are the directors of BTN Pty Ltd, a mobile phone company. Joseph had known that the company was in financial difficulties in December 2009 but had assured his fellow directors it was just a temporary cash-flow issue and that the company could trade out of its difficulties and pay all of its creditors by February 2010. However it was unable to do so. Joseph admits that the company's difficulties began when the directors made a decision, after careful research and an independent consultant's report, to invest heavily in technology that was quickly rendered obsolete by the introduction of the "tablet" technology.
In March 2010 Elizabeth and Clinton became concerned about the increasing number of "final demand" notices from suppliers and asked to see the actual accounts rather than continuing to rely on the assurances of Joseph. It was only then Elizabeth and Clinton realised that the company was insolvent and they immediately filed an application to wind-up the company. It went into liquidation in April 2010, owing large sums of money to its creditors.
has joseph breached s181 or s182 in the corporactions act 2001
Discuss the importance of lifelong learning and is it possible to develop any individual into a leader? Explain
Can it be possible to include all stakeholders during the communication process? Do you feel that organizations exclude many stakeholders
Anne wants $15,000 in 5 years. If her savings account earns 6% a year, how much does she need to deposit now? a. $9,725.75 b. $11,208.87 c. $10,500 d. $12,317.51
If the tax rate is 34 percent & the discount rate is 10 percent, what is the NPV of this project?
The debt and equity mix is an example of a financial leverage ratio and indicates the extent to which borrowed funds are used to finance assets.
1. What is the importance of effective communication within an organization?
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An audit of the key insights to the implementation strategy
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This question is related to emerging economic issues; How has economics participated in making the world a global village?
Determine what information sources are available to any organization in order to perform an environmental examine and how reliable is this information?
Are the current unemployment and inflations rates high or low compared to the historical averages of the United States?
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