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Outline two characteristics of a private limited company: (i) __________________________________________________________________________ __________________________________________________________________________ (ii)_____________________________________
(2013)
(a) What do the letters NCA stand for? Write the answer in the space provided. (b) Outline two functions of the NCA:
Using the figures below calculate the Current Ratio for ‘Sentry Ltd’. (Show your workings) Debtors €12,000 Bank Overdraft €20,000 Cash €15,000 Creditors €50,000 Closing Stock € 8,000 _________________________________________________________________
Write True or False after each of these statements.
In break-even analysis a distinction is made between ‘Fixed Costs’ and ‘Variable Costs’. Explain these terms, and give one example in each case.
