Answer:
Option A is correct
Explanation:
The reason is that the control of the financial asset is not delivered to the investor as the investment is more than one companies and management of investments in a number of companies to diversify the income arising from these investments. Option B is not the definition of foreign direct investment. It is the definition of Portfolio investments. Option C is also incorrect because it is partially correct because the portfolio investment includes selling of financial assets too.
Answer: True
Explanation:
The statement that net income is shown on the end-of-period spreadsheet in the income statement debit column and the balance sheet credit column is true.
It should be noted that a net loss also shows on end-of-period spreadsheet in debit side of balance sheet. The debit side must always be equal to the credit side at the end of the balance sheet.
Answer:
Correct option is (a)
Explanation:
For any venture to be successful, it starts with a vision or idea. In this case, Greg is confident that he will be able to convince US Car manufacturers to purchase his fuel efficient car even though his friends were doubtful if his product will be accepted by car manufacturers.
He also had a clear vision as his goal was to make US economy energy efficient. Vision is to have a positive outlook regarding future.
It can be inferred that Greg has both vision and confidence
Answer:
<u>Ensure accurate reliable accounting records</u>
Explanation:
Internal controls refer to those processes and procedures employed by the management of an entity so as to ensure efficient operations and to keep a check on frauds and compliance with better reporting requirements.
For example, biometric system of recording employee attendance which keeps a check as in who is actually on payroll and elimination of any dummy entries from the records.
The purpose of internal control is to safeguard assets, ensure that employees adhere by company policies, compliance with the law, promote operational efficiency and ensure reliable financial reporting without misrepresentation of facts.
Answer: 21%
Explanation: The developer purchased 3 properties and he can buy each property for $20 per square foot.
Therefore: 75 × 110 =8250 square feet.
8250 × $20 = $165 000 per lot.
Each lot was sold for $200 000. Which means the developer made profits of:
$200 000 - $165 000 = $35 000 per lot.
The percentage of profit on each lot is:
Percentage of profit on cost amount:
=
= 0.2121212 recurring × 100
= 21,21%
Percentage of profit on sale amount:
=
= 0.175 × 100
= 17,5%