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Questions in business

📝 Answered - Wilbur has $800 to open a checking account. He can maintain a minimum balance of at least $500. He plans to use the ATM twice a month and he maintains a savings account at the same bank. His employer has direct deposit and he sometimes overdrafts his account. Bank Account Terms and Conditions | | A | B | C | D | | :---------------- | :----------------------------------------------- | :------------------------------------------------------------------ | :--------------------- | :--------------------- | | Minimum Balance | $500 | $250 | $300 | $100 | | Interest | 0.2% | 0% | 0.02% | 0% | | Overdraft Fees | $0 if linked with savings account or $40 per overdraft | $35 per overdraft | $25 per overdraft | $25 per overdraft | | ATM Usage/Fees | $0 for all ATMs | $0 for ABC bank ATMs $3 for nonABC bank ATMs | $4 per transaction | $3 per transaction | | | $10 or | | | |

📝 Answered - 2) Capital Adjustment when there is no goodwill adjustment A and B are partners in a firm showing profit equally. Following is their Balance Sheet as on 31.3.2025: Liabilities | ₹ | Assets | ₹ ---------------------|---------|----------------------|--------- Creditors | 20,000 | Cash in hand | 7,000 Bills payable | 4,000 | Stock | 25,000 General Reserve | 6,000 | Buildings | Capitals | | Debtors | 17,000 A | 80,000 | (-) Provision for Doubtful Debts | 1,500 | 15,500 B | 40,000 | Furniture | 14,500 | | Patents | 30,000 | | Plant & Machinery | 18,000 | 1,50,000| | 1,50,000 On 01.4.2025, C is admitted into partnership on the following terms: a) C should bring ₹ 25,000 as Capital b) Stock is to be increased by 8%. c) Provision for doubtful debts is increased to ₹ 2,600. d) Capital accounts of partners are to be adjusted in their new profit sharing ratio of 3:3:1 based on Shiva's Capital. (Adjustments to be made in Cash).

📝 Answered - Planning to finance higher education helps people prepare for their financial future because it teaches them about A. loans and interest. B. savings accounts. C. filing taxes. D. short-term goals.

📝 Answered - According to surveys of companies, an important quality they look for in a job applicant is: A. ability to communicate effectively B. technical skill C. willingness to relocate D. a college degree

📝 Answered - CRA performance is evaluated based on: A. Lending, investment and service tests B. Lending test only C. Size and type of institution and the applicable performance standards D. None of the above

📝 Answered - Applying your knowledge of when each week of class begins and ends, please provide a response to the following discussion scenario: The class discussion for week 5 concluded on Saturday at 11:59 p.m. Eastern Time (ET) and a student provided a reply on that day, which is Sunday. Would the student receive credit for a reply posted on Sunday? A) Yes B) No

📝 Answered - The method of financial analysis, which focuses on the length of time it takes to recover the initial cost of an investment, is: (A) payback (B) internal rate of return (C) cost-volume (D) queuing (E) net present value

📝 Answered - An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?

📝 Answered - Supervisors must be informed of any situation in which a vehicle may break down. TRUE FALSE

📝 Answered - Under what type of insurance plan is the cash value of a permanent policy used to pay the policy premiums through policy loans? A. Value-based B. Minimum deposit C. Back door D. Automatic premium loan