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A supplier sends you a statement showing a balance outstanding of $14,350. Your own records show a balance outstanding of $14,500.Which one of the following could be the reason for this difference?
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The shadow price of skilled labour for CBV is currently $8 per hour. What does this mean?
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A receivables ledger control account had a closing balance of $8,500. It contained a contra to the payables ledger of $400, but this had been entered on the wrong side of the control account.What should be the correct balance on the control account?
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In tort no previous transaction or contractual relationship need exist.
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The 'neighbour' principle was established by the landmark case
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When the court applies the maxim res ipsa loquitur, it is held that the facts speak for themselves and the defendant does not have to prove anything, since the burden of proof is on the claimant.
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Under which circumstance will a court reduce the award of damages to a claimant?
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'A public company's auditors owe no general duty of care to the public at large who rely on the audit report in deciding to invest.' This is the decision from Caparo.
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Under which of the following circumstances would a multiplicative model be preferred to an additive model in time series analysis?
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A company's annual profits have a trend line given by Y = 20t - 10, where Y is the trend in $'000 and t is the year with t = 0 in 20X0.What are the forecast profits for the year 20X9 using an additive model if the cyclical component for that year is -30?
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In January, the unemployment in Ruritania is 567,800. If the seasonal factor using an additive time series model is +90,100, what is the seasonally-adjusted level of unemployment (to the nearest whole number)?
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A large bag of cement cost $0.80 in 20X3. The price indices are as follows.20X3 9120X4 9520X5 10320X6 106How much does a bag of cement cost in 20X6?
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Four years ago material X cost $5 per kg and the price index most appropriate to the cost of material X stood at 150.The same index now stands at 430.What is the best estimate of the current cost of material X per kg?
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Trade receivables and payables in the financial statements of a sales tax registered trader will appear as described by which of the following?
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Which of the following correctly describe the entry in the sales account for a sale for a sales tax registered trader?
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Which of the following statements in relation to liquidated damages is correct?
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Which of the following is true regarding injunctions?
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Rescission is an equitable remedy, and where available, makes the contract voidable. There are a number of conditions attached to the award of rescission. Which of the following is a condition that must be met for an award of rescission to be made?
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Which of the following remedies for breach of contract involves the injured party claiming the value of the work they have done?
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Based on the last 15 periods the underlying trend of sales is y = 345.12 - 1.35x. If the 16th period has a seasonal factor of -23.62, assuming an additive forecasting model, what is the forecast for that period, in whole units?
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