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The legal definition of a share - Correct Answer Under the companies Act 71 of 2008, a share is defined as 'one of the units into which the proprietary interest in a profit company is divided". A share is a unit of the contribution made to the share capital. It is thus property and can be traded granting it incorporeal, moveable property. A share is also seen as a measure of a shareholders interest in a company, the interest consists of certain personal rights of the shareholder, which may be ...

Types and Forms of Companies - Correct Answer 1. Profit Company 2. Non - profit company Profit companies 4 tipes - Correct Answer 1. Sate owned - schedule 2/3 of PFMA -Municipality - National government business 2. Public - can sell shares to public & freely transferable -Can be listed on JSE 3. Personal - Professional association e.g Attorneys - Directer jointly and severely liable 4. Private - Cant sell shares to public MOI forbids it. - Not freely transferable - Fu...

What info must be contained in a compromise proposal? - Correct Answer - any proposals made "informally" by a company creditor - details of all assets and creditors - treatment of ongoing contracts - order of preference, proceeds apply - conditions precedent - number of employees - t&c of employment - projected balance sheet - income and expenses for 3 years - certificate by authorized director stating info is factual, accurate, up to date When will compromise be adopted and bindin...

Exchange Traded Funds ("ETF") provide all the following investment features except: Dividends Diversification Net asset value You Answered Liquidity - Correct Answer Net asset value According to the current tax code, you can give the following without having to pay a gift tax $15,000 a year to as many people as you want the above Pay hospital bills for a student directly to the hospital Pay student tuition directly to the institution - Correct Answer All the above The "bid...

It has been suggested that tax policy favors deductions for AGI compared to itemized deductions. Describe two ways in which deductions for AGI are treated more favorably than itemized deductions. - Correct Answer Itemized deductions must exceed the standard deduction before taxpayers receive any tax benefit from the deductions (this is equivalent to an overall floor limit). In contrast, business deductions that are deductible for AGI (above the line) reduce taxable income without being subject t...

The nurse is caring for a client who has as a son with a streptococcus throat infection. Which nurse recommendation would be best to advise the client to do in order to prevent acquiring the infection? - Correct Answer Frequently wash her hands and surfaces of the home. The nurse is caring for a client infected with Rocky Mountain spotted fever. The nurse should ask if the client has experienced which of the following? - Correct Answer Was bitten by a tick The nurse is caring for a client ...

cash is ___ - Correct Answer king Free cash flows - Correct Answer money that is available for distribution to all investors from the company's recurring core-business operations- amount of money leftover after firm spends money required for operations Are FCF the same as net income? - Correct Answer NO Types of investors - Correct Answer debt, common equity, preferred What does the income statement measure - Correct Answer profitability Net income equation - Correct Answer Reven...

Chapter 5 Summary - Correct Answer valuation: the time value of money what is the time value of money? - Correct Answer -a dollar received today is worth more than a similar amount to be received sometime in the future; prefer current availability to future availability -$1 > $1 why we prefer current availability to future availability? - Correct Answer 1. inflation 2. potential earning capacity -time allows us the opportunity to postpone consumption and earn interest applicat...

corporate governance - Correct Answer the procedures designed to ensure that the company is managed in the interests of the shareholders -For apple, it is aimed at ensuring integrity in the financial reporting process -If done well, it leads to an ease in the company's access to capital, lowering both the costs of borrowing (interest rates) and perceived riskiness of the stock what would happen to the stock of a company if it were to disclose a fraud - Correct Answer it would drop 20% in v...

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