Legally, pre-incorporation contracts cannot be ratified by the company....
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Which one of the following would help a company with high gearing to reduce its gearing ratio?
Issuing further loan notes and paying dividends will increase gearing. A bonus issue simply capitalises reserves, so has noeffect...
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Which of the following is usually classed as a step cost?
Supervisor's wages are usually classified as a step cost because a supervisor may be responsible for supervising up to a specific number of workers. However, if output increases such that additional di...
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Which of the following is not a disadvantage of using market value as a transfer price?
The external market might be perfect....
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Which of the following describes a 'basic standard' within the context of budgeting?
A basic standard is a long-term standard which remains unchanged over the years and is used to show trends. The descriptions given in B, C, and D describe a current standard, an ideal standard, and a...
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Identify four reasons why environmental costs are important to management accountants.
(a) Environmental costing can help to produce more accurate product or service pricing, leading to increased profitability. (b) Poor environmental behaviour can result in fines and damage to reputa...
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State whether Tim has any liability for insider dealing
Tim did not receive inside information, this is because the information that Slye told him was neither precise nor specific, so he has committed no offence....
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A company must keep a register of directors. What details must be revealed? Select all that apply.
All of them....
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For unfair dismissal purposes, which of the following is a fair reason for dismissal?
Capability or qualifications is a fair reason for dismissal. The other options are unfair reasons for dismissal....
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To establish a case of 'passing-off', what must the claimant prove?
'Passing-off' involves the use of a business name, trademark or description that is similar enough to another business so that the consumer is misled into believing that one business is that of another...
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