A seven business functions that can be found in the
supermarket can namely be the following; human resources, marketing, advertising,
sales, computing, accounting and purchasing as they are important for a
business to be kept going that is why they are named as business functions.
Answer:
The answer is relevance and faithful representation.
Explanation:
Accounting information that is not relevant useful.
Relevance is when the accounting information in timely and use for taking major business and economic decisions.
Another one is faithful representation. Accounting information must be faithfully represented. It must be objective and free from bias.
If Accouting information is to be faithfully represented, it must have the following:
1. Completeness. There must be full disclosure of information. No material item or information must be omitted.
2. Error-free It must be 99percent error free.
3. It must be free from bias. Objectivity is the key.
Answer:
true is the answer I think
Answer:
The correct option is b. a limited liability partnership.
Explanation:
Limited liability partnerships (LLPs) are a type of partnership in which each partner's liability is limited to the amount invested in the company.
Limited liability means that creditors cannot seize a partner's personal assets or income if the partnership fails.
Spreading risk, leveraging individual abilities and knowledge, and establishing a division of labor are all advantages of having business partners.
Some of the professional businesses in which LLPs are common include accounting firms, legal firms, and among others.
Therefore, the correct option is b. a limited liability partnership.
Answer:
At 18,600 pounds, cost of both the machines would be equal
Explanation:
At Indifference point of production amount (pounds), the total cost of each machine will be equal
.
Indifference Point is calculated as: Change in Fixed Costs/Change in Variable Costs
Indifference Point = (8901 - 7599) / (0.52 - 0.45)
= 1302 / 0.07
= 18,600 pounds
At 18,600 pounds, cost of both the machines would be equal