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The current ratio is current assets:current liabilities.
The direct costs are the costs or expenses that can be linked directly to the manufacturing...
The directors' report is compiled by the directors and given to the shareholders of the company...
The four types of fixed costs are as follows: Factory building (e.g. rent or rates and taxes,...
The International Accounting Standard 7 explains the objective of a cash flow statement.
The issued share capital is the number of shares a company has issued to the public at a certain...
The members are the owners of a close corporation.
The projected income statement indicates the expected profitability of the business over the...
The reducing balance method takes the accumulated depreciation into account, so the depreciation...
The retained income is the profit of a company or close corporation that remains after dividends...