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Define the term- How are businesses organised
Nearly all businesses which involve more than a few owners and/or employees are set up as limited companies. This means that finance would come from the owners (shareholders) both in the form of a direct cash investment to purchase shares (in the ownership of business) and through owners allowing past profits, which belong to them, to be reinvested in business. Finance will also come from lenders (banks, for instance), who earn interest on their loans and from suppliers of services and goods being prepared to supply on credit, with payment occurring a month or so after the date of supply, generally on an interest-free basis. In larger limited companies, owners (shareholders) aren't involved in daily running of the business; In its place they appoint a board of directors to manage business on their behalf. Board is charged with three major tasks:
? Setting the overall strategy and direction for business;
? Monitoring and controlling its activities;
? communicating with owners and others connected with business.
Rescission of receiving order The order may be rescinded by the court if: The court has sanctioned a composition or scheme of arrangement; The debts have been paid in
Q. Non-financial factors for non-financial considerations? There are several non-financial factors which possibly relevant to a decision to contract out and the type of factors
XYZ Municipality purifies water before it enters the reticulation network. There are presently 3 purification processes available to the municipality. These processes sre referred
Illustration of Corporate tax During the year ended31/12/2003, A Ltd. had estimated the corporation tax for the year to be £100,000. The amount was still outstanding as at 31/1
The Partnership Deed It is the agreement that regulates the partner’s actions in undertaking the partnership business. This may or may not have been drawn up. It usually conta
The following details are taken from the accounting records of the company as at 30 June 2010: Debit Credit Sales revenue 49,950,000
Which of the following procedures involves transferring amounts recorded in the general journal to ledger accounts? Answer a. preparing a tria
profit and loss account
A quick glance at the trend in the Operating and Net Profit Margin figure indicates an improvement in the margins over the 2 year period. As is evident from the graph above HAIL du
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