Question 2. Please research the Internet (eg. Google) on the subjects below and review the coursematerial, then provide comprehensive answers to the following: A TRUSTS a) What is a Unit Trust? b) What is a Discretionary Trust? c) What is a Hybrid Trust? d) What is a Discretionary Family Trust? e) What is a Trustee? f) Define the differences of each type of Trust, including the obligation/s of the Trustee g) Provide an example of when each type of Trust would be used. B COMPANY a) What are the legal requirements of a company? b) What are the personal obligations of directors by law (please summarise)? c) Can anyone be a director of a company? d) What is the minimum number of directors required?

Question 3: From your research in the course and the Internet please provide answers to the following (from a Financial Accounting perspective): a) What is a Balance sheet? b) What is a Profit and Loss statement? c) What is Depreciation? d) What is Liquidity Ratio? e) What is Current Ratio? f) What is Debt to Equity Ratio? g) What is a Cashflow Statement? h) What is an Asset? i) What is Liability? j) How is a Net Profit determined? k) How would you define Equity? l) Under Australian taxation conditions, what are allowable expenses (provide 3 acceptable examples)?

Question 4: From your research in the course and the Internet please provide a definition of the following 4 products and give examples: a) Commercial Bank Bill b) Invoice or Factoring Finance c) Chattel Mortgage d) Asset Finance product or Equipment Finance

Question 5: In the Australian Standard ISO 31000:2018 there are 8 Principles of Risk Management. A) Please list six (6) of them and B) briefly state what each one is about.

Answer rating: 100% (QA)

Question 2 Trusts a What is a Unit Trust A Unit Trust is a type of trust where the beneficial interest in the trust is divided into units similar to shares in a company Investors hold units in the tru... View the full answer