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Discuss the significance of Carlill v.Carbolic Smoke Ball Co. ,[1893] 1 Q.B.256 (text p.65)for modern-day marketing practice.Give some examples to illustrate your points.
Fixed Assets
Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash in the short term.
Long-Term Liabilities
Financial obligations of a company not due for more than one year, including bonds payable, long-term leases, and pension obligations.
Times Interest Earned
A ratio that measures creditor margin of safety for interest payments, calculated as income before interest and taxes divided by interest expense.
Income Tax Expense
The total amount of income tax a company reports as an expense in its income statement for a given period.
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