Answer: Specialty product
Explanation: Specialty product are those product which carry a certain brand name or have some special quality in it that the customers in the market are willing to make some extra efforts to purchase it. In this case study Burberry makes rain coats and other items that carry high quality and strong brand name thus its products will be considered specialty products.
The Internal auditor is the person who reviews the operating and accounting control procedures adopted by management to make sure the controls are adequate.
Internal audit within the company is not only done to review operating and accounting control procedures but to recommend ways that will further operation and accounting control within the company.
Answer:There will be no direct tax implications for these transactions
Explanation:
This transactions are only part of a whole his other business activities especially the core business activities will be added up to this transactions in order to determine his stand in relation to tax for the year.
entrepreneurs are people who start businesses in its simplest definition. A successful entrepreneur must see an opportunity and take advantage of that opportunity. Not all entrepreneurs have extensive education of market experience. Good entrepreneurs rely on business plans and venture capital (which can sometimes be their own money.) Also, entrepreneurs can hire outside help to solve problems, running a business does not have to be a one-man show.
Ready Repair Service enters into a contract to fix washers and dryers in Scrub n' Dry Company's coin-operated laundries. If Ready Repair breaches by only partially performing the contract, Scrub n' Dry can C. sue Ready Repair for compensatory and consequential damages.
Scrub n' Dry can sue Ready Repair if they do not hold up the full contract that was agreed on. Consequential damages are a type of compensatory damage. Since Scrub n' Dry did not receive all of the compensation they were entitled to based on their initial agreement they can sue to be awarded the funds that were lost. Compensatory damages are only meant to compensate a person for what they lost not punish the other company/individual.