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Define the term Limited company- business ownership
Limited companies can range in size from quite small to very large. Number of individuals who subscribe capital and become owners may be unlimited that provides the opportunity to create a very large-scale business. Liability of owners, though, is limited (thus 'limited' company), that means those individuals subscribing capital to company are liable only for debts incurred by company up to the amount which they have agreed to invest. This cap on the liability of owners is designed to limit risk and to produce greater confidence to invest. Without such limits on owner liability, it's difficult to see how a modern capitalist economy could operate. In numerous cases, owners of a limited company aren't involved in day-to-day running of the business and would, hence, invest in a business only if there is a clear limit set on the level of investment risk.
Chambers plc imports household equipment from Germany. On 1 July 2011, the company acquired 60% of the ordinary shares of Court Ltd, which owns a chain of retail shops selling hous
An item of plant was purchased for $100,000 on 1 January 2009. At that time its estimated residual value was $5,000. At 31 December 2009 prices, the residual value was estimated at
D1=$0.65, D2=$0.74, D3=$0.79, D4=$0.84.Dividen grow continually at rate of 3% per year stating from year 5 onward.assuming the required rate of return to this stock is 12%.what wil
Given information: Offered a $20 million commercial loan priced using a 3month LIBOR index+100bp. After some preliminary research, using a money center bank''s swap trading desk
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how do you record this transaction? May 18 Issues 30,000 additional shares of $2 common stock for $75 per share. May 25 Issue 8,000 shares of preferred stock for $125 per sha
O'Neill Co. has $298,106 in accounts receivable on January 1. Budgeted sales for January are $840,001. O'Neill expects to sell 20% of its merchandise for cash. Of the remaining 80%
A small airline company called Mancunian Airways (MA) is considering purchasing a new jet, which will be used solely on the new route: Manchester, Paris, Madrid and back to Manch
A company does not need to record the receipt of a bill for utilities used during this year if they will not pay for it until next year. True or False
Fund accounting and preparation of financial statements) The scenario: At the start of the year beginning January 1, 2013, Coco City's General Fund had a cash balance of $40,000, v
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