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For a particular component, the re-order quantity is 6,000 units and the average inventory holding is 3,400 units.What is the level of safety inventory (in whole units)?
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Where on the graph would you read off the value for the economic order quantity?
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How is an overhead absorption rate calculated?
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Over-absorption means that the overheads charged to the cost of sales are greater than the overheads actually incurred.
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The lASB's Conceptual Fram are these six characteristics?
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Which one of the following is not a qualitative characteristic of financial information according to the Conceptual framework for Financial Reporting?
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According to the IASB Conceptual framework which of the following is not an objective of financial statements?
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Which one of the following can the accounting equation can be rewritten as?
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A trader's net profit for the year may be computed by using which of the following formulae?
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Which TWO of the following are the parties involved in a civil law case? (1) Accused (2) Defendant (3) Claimant (4) Prosecution
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In the civil law system, cases are allocated to one of three 'tracks' for processing. Which of the following is NOT a 'track' in the civil law system?
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In the criminal law system, an immediate appeal regarding a decision by a Magistrate's Court could be heard by which of the following courts?
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Which of the following courts only has civil jurisdiction?
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The Chancery Division of the High Court hears cases involving which of the following matters?
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Which TWO of the following are types of offences heard by a Magistrate's Court? (1) Indictable (2) Summary (3) Triable either way (4) Hybrid
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In the context of the English legal system, which of the following courts ONLY has civil jurisdiction?
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In the context of the English legal system, which of the following courts ONLY has criminal jurisdiction?
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Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal use?
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Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personaluse?
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According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
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