1. explain operating gearing and its relationship to contribution. 2. explain what is meant by...
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Accounting
1. explain operating gearing and its relationship to contribution.
2. explain what is meant by corporate social responsibility. Provide two examples.
3. explain (i) why liquidity analysis of a company is important and (ii) why inventory and/or prepayments are excluded in the calculation of the acid test ratio.
4. explain, from your perspective, whether you think limited liability is a good thing.
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