Answer:
precautionary and speculative
Explanation:
Aggregating the transactional, precautionary and speculative demand for money,
we get the total demand for money. This is sometimes known as the liquidity preference curve, and is inversely related to the rate of interest.
Total demand for money=Transactions demand+precautionary and speculative demand for the money
Therefore, the answer to the question is precautionary and speculative
Auditors would comunicate with the audit committee for critical accounting practices including the significant accounting policies and practices for evaluating certain evidences related to the transaction.
Some of the other communications made to audit committee should be an overall audit strategy with time of the audit and significant risks involved for assessing risks and procedures regarding the transaction.
Auditors are required to solve the financial accounting problems and are not accountable for unusual insignificant transactions and procedures and policies.
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Answer:
2. False
Explanation:
Capacity to a contract refers to whether the person to a contract is legally competent to enter into such a contract.
For instance, lunatics, drunkards, minors, criminals and person of unsound mind are deemed incapable of entering into a contract.
A person diagnosed with dementia, which impairs his decision making would normally be regarded as incapable to signing a contract.
But, capacity is ascertained as per the situation i.e at the time the contract is signed or entered into.
In the given case, Ronald entered a contract while he was sane and in healthy state of mind. His judgement at the time of entering such a contract wasn't impaired by dementia.
Thus, the contract will be legally enforceable as per the law.
Options :
A. utilize their own aircraft.
B. have extensive ground networks.
C. have accurate, real-time tracking systems
D. all of the above
Answer:
D
