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Which ONE of the following would serve to increase the Throughput Accounting Ratio?
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Which of the following is a statement by a judge that is the basis for their decision and is what becomes binding on future judges?
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Which of the following types of court decision occurs when a court higher in the hierarchy overturns the verdict of a lower court in the same case?
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Which one of the following statements about traditional (unlimited) partnerships is incorrect?
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An LLP dissolves when a member leaves.
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Advertising an auction is an offer to sell
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As a general rule, silence cannot constitute acceptance.
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Under which circumstance would a member of a limited company have to contribute funds on winding up?
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The minimum share capital of a public limited company is:
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Past consideration, as a general rule, is not sufficient to make a promise binding.
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Which of the following statements regarding the adequacy and sufficiency of consideration is correct?
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A company can confirm a pre-incorporation contract by performing it or obtaining benefits from it.
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If a public company does business or borrows before obtaining a trading certificate from the Registrar, the transaction is:
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A business has compiled the following information for the year endedOpening inventory Purchases Closing inventoryThe gross profit as a percentage of sales is always 40%Based on these figures, what is the sales revenue for the year?
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Which of the following calculations could produce an acceptable figure for a trader's net profit for a period if no accounting records had been kept?
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Terms implied by custom cannot be overridden.
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A business is classed as a consumer if it does not make the contract in the course of its business.
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A court will never enforce a liquidated damages clause, as any attempt to discourage breach is void.
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Which of the following describes liquidated damages?
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Working for a number of different people is an automatic sign of self employment?
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