Complete psc financial Study guides, Class notes & Summaries

Complete exam guide for University of Law PSC Financial and Business skills. Provides a step by step structure for each questions and example questions. I received a distinction.

Complete PSC financial and business skills exam Distinction achieved (ULaw)! RATED A+

for the holidays, one of your contractor employees gives you a book on Navy history. the book retails for $24.95, but since his company bought it in bulk, it only cost them $19.95. May you keep it? - answer no unless you pay the contractor the fair market price of $24.95 rob and Margaret have been friends for over 10 years. for their birthdays, they each treat each other to a special steak dinner. Rob works for NAVSEA... - answer yes, because the gift is motivated by personal relationship...

NFE Scenario: Ms. Smith DASA (Widgetry) (DASA(W)) is the vice- president of the American Society of Military Widgeteers (ASMW), an NFE. The ASMW offered her this position the day she was appointed DASA(W). The previous two DASA(W)s held this position before ASMW offered her this position. May she accept this position without running afoul of ethics provisions? No NFE Scenario: COL Jones is the vice-president of the local chapter of the Association of the Army of the United States (A...

PARTNERSHIPS: What is a partnership? s.1(1) Partnership Act 1890 Partnership = persons carrying on business with a view to profit. – May form a partnership irrespective of contrary intention. A partnership is formed once the definition is satisfied, not when a decision to form a partnership is made. Existence of partnerships: s.1(1) PA 1890 No formality is needed to establish a partnership so a partnership can be formed without the specific intent of the parties to form one. s.2(3) ...

Approximate Problem Topic Time E-I Long-Term Contracts. 15 min. E-II Installment Sales Method. 20 min. E-III Deferred Income Taxes. 25 min. E-IV Pensions. 15 min. E-V Leases. 25 min. 100 min. Problem E-I — Long-Term Contracts. Edwards Company contracted on 4/1/12 to construct a building for $2,300,000. The project was completed in 2014. Additional data follow: 2012 2013 2014 Costs incurred to date $ 560,000 $1,350,000 $1,900,000 Estimated cost...