Landry's Restaurant's Essay Example | Topics and Well Written Essays - 1250 words

Landry's Restaurant's - Essay Example The government would interfere with the operations of the business if the financial statements show that the company violated environmental laws such as throwing factory wastes into the pristine rivers beside the factory. The following paragraphs will explain the different components of these financial statements with explanations where needed. The data on page 22 show that the company generated net income of $18,112 for the year 2007. It also generated the amount of $ 21,770 in net loss for the year 2006. It also generated the amount of $ 44,815 in net income for the year 2005. It also generated the amount of $ 66,7521 in net income for the year 2004. Lastly, It also generated the amount of $ 44,914 in net income for the year 2003. Another term for the net income is the bottom line. The net incomes generated for the years 2007, 2005, 2004, and 2003 show that the companys managers did well during these accounting periods. On the other hand, the company did badly during the year 2006 because the income statement shows it generated the failing grade of net loss. This financial information was taken from the Income statement on page 24 of the voluminous data studied. This one of the three financial statements companies are required to produce in one accounting period. It shows how the business operations did in terms of revenues, costs and expenses. The other two financial statements are the balance sheet and the statement of cash flows. The components of this financial statement include the revenues. This account title represents that the total amount generated from cash revenues and accounts receivable revenues during one accounting period. Cash revenues are revenues generated where the customers pay cash for eating in the restaurant and /or using its facilities for business or personal use. The accounts receivable

ENGLISH LEGAL SYSTEM Essay Example | Topics and Well Written Essays - 2500 words - 3

ENGLISH LEGAL SYSTEM - Essay Example Solicitors were more concerned with office work such as the preparation of contracts for clients. Since 1991, solicitors with a little extra qualification have been allowed to act as advocates before the highest courts. On the other hand, barristers can now deal directly with professional clients without the intervention of a Solicitor. Many commentators believe that the two legal professions, once almost entirely separate, are slowly entering a state of gradual fusion as both are training and qualifying themselves to serve in the capacity of the other. Solicitors require a practicing certificate if they are to be involved in legal work. An exception is made for those in local government, commerce and industry. In 1996 there were 8702 firms of solicitors in England and Wales which earned at least  £15,000 per annum, with 4,377 of those firms classified as sole practitioners.1 There are also Legal Executives who qualify separately from both Barristers and Solicitors. Legal Executives carry out lower-level procedural or transactional work and must work under the supervision of a Solicitor. These functionaries are classified as paralegals in other countries. The practice of having Licensed Conveyancers started in 1986. They work separately from solicitors and are focused on domestic property transactions. The profession has its own system of qualification. The legal profession is largely self-regulated. The chief methods of regulation are; restrictions on entry, restrictions on advertising and other means of promoting a competitive process within the profession and restrictions on fee competition. The associations that regulate the practice of legal professionals are largely independent of government control. The main tool for regulation of the legal profession comprises the limitations imposed on who may enter into the legal profession. To become a solicitor one must take one of two degree routes or,