3/100 x = 60 3x=60×100=6000 X = 6000÷3 X = 2000.

In capital budgeting, term of bond which has great sensitivity to interest rates is long-term bonds. Bond with a maturity period of more than 15 years. Long bonds pay higher interest rates but have greater credit and inflation risk. Also called long bond.

A sole proprietor will be responsible for business debts, as will most partners in a partnership. By contrast, the purpose of a corporate structure is to shield those with an ownership interest from personal liability.

In independent projects evaluation, results of internal rate of return and net present value lead to cost decision. An Independent Project Evaluation is the evaluation of an individual project designed to achieve specific objectives within specified resources, in an adopted time span and following an established plan of action, often within the framework of a broader programme.

 Gross profit is the profit a company makes after deducting the costs associated with making and selling its products.

Cash and cash equivalent are the asset from the following. Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet. Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount".

Future economic benefits is the most important characteristic that all assets of a business have.

Drawings accounts will be debited if the business's owner withdraws cash from business for personal use.

Goods withdrawn for personal use by the owner of a business reduce inventory and are recorded on a drawings account.

Nominal accounts in accounting are the temporary accounts, Revenue or Expense are transferred to profit and loss account and closed at the end of each accounting year.

In accounting, the controlling account  is an account in the general ledger for which a corresponding subsidiary ledger has been created.