Questions from General Accounting

Q: List the principles espoused by the United Nations Division for Sustainable Development

List the principles espoused by the United Nations Division for Sustainable Development when designing an environmental performance system.

Q: The following table illustrates key figures from Robertson Ltd’s statement of profit

The following table illustrates key figures from Robertson Ltd’s statement of profit or loss and statement of financial position for the five-year period ending 30 June 2020. Calcul...

Q: Which of the following entities do you think would have the greatest

Which of the following entities do you think would have the greatest proportion of working capital held as inventory? Why? (a) Local butcher (b) Hardware store (c) Stallholder at a weekend market sell...

Q: As production manager for a hoodie manufacturing company, how would you

As production manager for a hoodie manufacturing company, how would you react regarding your inventory levels in the following circumstances? (a) Continual breakdowns in the machine used to weave the...

Q: As inventory manager in a retail-chain warehouse, how would

As inventory manager in a retail-chain warehouse, how would you react regarding your inventory levels in the following circumstances? (a) Sudden volatility in sales. (b) Continual short deliveries by...

Q: If you had just started a business and were in the early

If you had just started a business and were in the early development phase, which forms of short-term credit would you try to maximise? Why?

Q: What is a novated lease? How is it markedly different from

What is a novated lease? How is it markedly different from other leases?

Q: Summarise the advantages and disadvantages of owning ordinary shares in a company

Summarise the advantages and disadvantages of owning ordinary shares in a company compared with financing the company through a loan.

Q: Distinguish between rights and options.

Distinguish between rights and options.

Q: Mike and Andy is a clothing store for teenagers. It is

Mike and Andy is a clothing store for teenagers. It is chronically short of cash, so arranges a 120-day commercial bill (BAB). According to the theory of management of assets, what use should it put t...