Explanation

A contract is a type of legally binding written or spoken agreement.

A valid contract will create a mutual obligation.

This means that each of the parties is obligated, or required, to perform a duty under the contract.

The contract conditions determine the parties' obligations.

ND5-09-2023

Explanation

current ratio = current assets (C.A)/ Current 

Liabilities (C.L) = 2/1 

s, CA = 2 CL

Now working capital = current assets (CA) minus Current Liabilities (C.L) = Rs 60000

So, C.A - C.L = 60000

2 C.L - CL = 60000

C.L = Rs. 60000

Now C.A = 2 x 60000

C.A = Rs. 120000

ND5-09-2023ma

Explanation

The primary forms of business that have unlimited liability are:

• Sole Proprietorship 
• Owner is personally responsible for all business debts
• Personal assets can be used to settle business obligations
• General Partnership
• All partners share unlimited joint and several liability
• In these structures, owners' personal assets are at risk beyond their business investment.

Explanation

Ethnography is a method that is commonly used in qualitative research.

This type of research involves the study of a culture or group of people, usually through fieldwork.

ND5-09-2023

Explanation

The first and the most important function of management is Planning.

Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time.

ND5-09-2023

Explanation

The trade-off theory of capital structure tells us that:

Managers should seek an optimal mix of equity and debt that minimizes the firm's weighted average cost of capital,

which in turn maximizes company value

ND4-09-2023