Now That the Competition and Consumer Act 2010 (Cth)contains the Major

question 18

Essay

Now that the Competition and Consumer Act 2010 (Cth)contains the major consumer protection provisions,what do you perceive to be the major benefits in a contract for the sale of goods of the various state Sale of Goods acts?

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Definitions:

Inventory Turnover

A ratio showing how many times a company has sold and replaced inventory over a period.

Allowance For Doubtful Accounts

A contra-asset account that reduces the total receivables on the balance sheet by the amount expected not to be collected.

ROCE

Return on Capital Employed; a financial ratio that measures a company's profitability and the efficiency with which its capital is employed.

Operating Profit Margin

A profitability ratio calculated by dividing operating profit by total revenue, reflecting the percentage of revenue that is left over after paying for variable costs of production.