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Differences in working capital for different industries
Manufacturing
Retail
Service
Inventories
High volume.
WIP and finished goods
Goods for re-sale only,
usually low volume
No or very little
inventories
Trade
Receivables
High levels of debtors, as dependant on a few customers
Very low levels as most
goods bought by cash
Usually low levels as services are paid for immediately
Payables
Low to medium levels of Payables
Very high levels of trade
payables due to the huge
purchases of inventory
Low levels of
payables
Global Equity Indexes: As described earlier in this chapter, there are several stock market indexes available which depict the performance of particular sectors and a country a
Flex budget
types of working managment policies
Q. Show the Accountable Plan? Accountable Plan - An accountable plan is any reimbursement or other expense allowancearrangement of an employer which meets all of the subseque
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Question 1: (a) Explain fully the following financial accounting techniques: i. Cash accounting ii. Accrual accounting iii. Fund accounting iv. B
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