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Questions in business
📝 Answered - Joe is applying for loss-of-time disability coverage and is concerned about how his income affects his benefits. Why does Joe's application for loss-of-time coverage inquire about his income? A. To determine his ability to pay premiums. B. To set benefits so they do not exceed his after-tax income. C. To decide whether to approve his application. D. To calculate his tax obligations.
📝 Answered - A resource has value, and people are willing to pay for it most likely because the resource is
📝 Answered - Following transactions are provided to you: Baisakh 1 Business started with bank balance Rs. 200,000 Baisakh 2 Purchased goods from Prabhu for cash Rs. 30,000 Baisakh 5 Machinery purchased from Gupta and Co. for Rs. 40,000 Baisakh 9 Goods sold to Mrs. Khalida for Rs. 25,000 Baisakh 13 Payment made to Prabhu by a cheque Rs. 30,000 Baisakh 18 Paid to Gupta and Co. by a cheque Baisakh 27 Cash received from Mrs. Khalida Rs. 25,000 Required: Journal Entries Following transactions are provided to you: June 1 Mahesh Duwal started a business with a bank balance of Rs. 500 June 4 Cash withdrawn from the bank Rs. 100,000 June 6 Purchased goods for Rs. 30,000 June 7 Purchased goods from Mr. Ashok Maharjan Rs. 60,000 June 9 Withdrawn from the bank for personal use Rs. 5,000 June 12 Goods sold for Rs. 50,000 June 14 Goods sold to Mrs. Dolma Sherpa Rs. 25,000 June 16 Goods returned to Mr. Maharjan of Rs. 10,000 June 18 Goods returned from Mrs. Sherpa of Rs. 5,000 June 23 Paid to Mr. Maharjan Rs. 50,000 by cheque June 25 A cheque of Rs. 20,000 received from Mrs. Sherpa Required: Journal entries Following transactions are given to you: August 10 Wages paid Rs. 2,000 August 15 Rent paid Rs. 20,000 August 20 Commission received Rs. 9,000 August 25 Interest received Rs. 7,000 August 30 Salary paid to the staff Rs. 50,000 Required: Journal Entries Following transactions are provided to you: Chaitra 1 Borrowed a loan of Rs. 100,000 from the bank Chaitra 2 Cash of Rs. 500 withdrawn from the bank for office use Chaitra 5 Sold old furniture for Rs. 4,000 Chaitra 7 Provided loan to Ranjit Rs. 20,000 cash Chaitra 9 Commission paid Rs. 6,000 cash Chaitra 25 Interest paid on bank loan Rs. 9,000
📝 Answered - An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?
📝 Answered - How do businesses determine the equilibrium price of a good or service? A. They set a price where the demand matches the quantity they are willing to supply. B. They set a price that matches the expenses they take on to create supply. C. They set a price where the demand exceeds the quantity they are willing to supply. D. They set a price where the demand is less than the quantity they are willing to supply.
📝 Answered - Select the correct answer. Which is a feature of permanent insurance? A. It provides protection for a specific period. B. It includes an investment component. C. It is relatively low cost.
📝 Answered - What entry would Harvey's make on April 23, assuming the customer made the correct payment on that date? Option 1: Account Title | Debit | Credit Cash | 45,540 | Sales | 460 | Accounts receivable | | 46,000 Option 2: Account Title | Debit | Credit Cash | 46,000 | Sales discounts | 460 | Accounts receivable | | 46,000 Sales discounts forfeited | | 460 Option 3: Account Title | Debit | Credit Cash | 45,540 | Sales discounts | 460 | Accounts receivable | | 46,000 Option 4: Account Title | Debit | Credit Cash | 45,540 | Accounts receivable | | 45,540
📝 Answered - Explain how the moon and man online influence the ability of meandering management to achieve their marketing objectives?
📝 Answered - The process of evaluating an employee's performance is known as: A) Performance appraisal B) Recruitment C) Training D) Compensation
📝 Answered - How does proximity to suppliers influence facility location decisions? A) It reduces transportation costs and lead times B) It has no impact on production costs C) It increases marketing expenses D) It only affects the quality of raw materials
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