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- QUESTION 19 An apprenticeship contract is one whereby a firm owner undertakes to provide full vocational training to another person who has completed at least: O a. 14 years of age O b. 16 years of age O c. 18 years of age Od. 12 years of age QUESTION 20 Which of the following clauses is not included in the (MOA) of a company? Oa Capital clause Ob. Object clause c. Registered office clause d. General meetings clause QUESTION 21 The minimum amount of capital for an LLC is 5 million AED. ( ) True False QUESTION 22 Which of the following clauses is included in the (AOA) of a company? O a Capital clause b.Object clause c. Registered office clause- Od. General meetings clause27. William has a bakery with total assets of P4,000,000 inclusive of a lot with a book value of P1,200,000. Gross income from sales of bread P300,000 Interest on promissory notes of retail store clients 12,000 Royalties on sale of recipe books 36,000 Dividend income from domestic stocks 10,000 Note that William's total asset i s P2,800,000, excluding the lot. Hence, William's business qualifies as a BMBE. If William obtained a certificate of authority to operate as a BMBE, the following items of operating income are exempt from income tax а. Р 300,000 О Б.Р346,000 О с. Р312,000 O d. P 358,000Q 1. Mr Anil, Mr Babloo and Ms Chetna wish to setup an export unit registered in India exporting Fast Moving Consumer Goods to Latin American Countries. They hired you as a consultant in Company affairs. Point out the process to establishing Company, what rights and privileges this company acquires after incorporation?
- Q 3. Two companies, ABC and XYZ were incorporated in year 2020 as public (ABC Ltd. Co.) and private (XYZ Pvt. Ltd Co.) company respectively. Give a brief description of privileges enjoyed and restrictions imposed on these companies. If you wish to start any business what type of company you would choose to incorporate. Explain the reason behind your decision.9.10. Agroup of dpvelopers is building a new shopping center. A con- sultant for the detelopers has constructed the CPM/PERT network above and assigned activity times in weeks. Determine the earliest start and finish times, latest start and finish times, activity slack, crit- Ical path, and duration for the project.Question 24:
- Factual Information on Seven Eleven Japan (SEJ) Largest convenience store in Japan with market value of $95 B. The third largest retail company in the world after Wal-Mart and Home Established in Stock value increased by 3000 times from 1974 to 2000. In 2000, total sales $18,000 M, profit $620 Sales: Products 9% Processed food: drinks, noodles, bread and snacks 6% Fast food: rice ball, box lunch and hamburgers 0% Fresh food: diary products 3% Non-food: magazines, ladies stockings and batteries. Services: Utility bill paying, installment payments for credit companies, ATMs, photocopying More on SEJ Japanese Images of Seven Eleven: Convenient Cheerful and lively stores Famous for its great boxed lunch and dinner A SEJ store is about the half the size of a US 7-eleven store, that is about 110 m2. Average sales about twice of an average US store. Virtually no storage In 1985, there were 2000 stores in Japan, increasing by 400-500 per SKU’s offered in store: Over 3,000…A 55. Subject:- financeBill Lewis, manager of the Thomas Electronics Division, called a meeting with his controller, Brindon Peterson, and his marketing manager, Patty Fritz. The following is a transcript of the conversation that took place during the meeting: Bill: Brindon, the variable costing system that you developed has proved to be a big plus for our division. Our success in winning bids has increased, and as a result our revenues have increased by 25%. However, if we intend to meet this year’s profit targets, we are going to need something extra—am I right, Patty? Patty: Absolutely. While we have been able to win more bids, we still are losing too many, particularly to our major competitor, Kilborn Electronics. If we knew more about their bidding strategy, we could be more successful at competing with them. Brindon: Would knowing their variable costs help? Patty: Certainly. It would give me their minimum price. With that knowledge, I’m sure that we could find a way to beat them on several jobs,…
- DEFINE Bowman (1956)5 examples of obligation?Q.9. What would be an advantage of choosing a sole proprietorship over other legal structures of business? The sole proprietorship can live long after its founder moves on The sole proprietorship is protected from all liability The sole proprietorship pays no taxes 4. The sole proprietorship would be cheaper to set up Select one and explain?
