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Questions in business

📝 Answered - What is the ideal size for a team? A. Three to four members B. Five to six members C. Seven to eight members D. Nine to ten members

📝 Answered - Wyatt earns $[tex]$65,000[/tex] per year, receives 15 days PTO, $[tex]$6 \%[/tex] retirement matching, and receives $[tex]$60 \%[/tex] employer subsidized health insurance which totals $[tex]$10,000[/tex]. Calculate the benefit rate. Employee Benefits Health Insurance: $[tex]$60 \%[/tex] FICA: $[tex]$7.65 \%[/tex] Paid Vacation (PTO): 15 days Retirement Matching: $[tex]$6 \%[/tex] [?] $[tex] \%[/tex] Round to the nearest percentage point.

📝 Answered - Treasury stock transactions: cost method | | | | | :------------------------------------ | :-: | :-: | | Repurchased stock (recorded at cost) | | | | Treasury stock | XXX | | | Cash | | XXX | | Reissued at a price greater than cost | | | | Cash | XXX | | | Treasury stock | | XXX | | APIC-treasury stock | | XXX | | | | | | :------------------ | :-: | :-: | | Reissued at a price less than cost | | Cash | XXX | | | APIC-treasury stock | XXX | | | Retained earnings* | XXX | | | Treasury stock | | XXX | No gain or loss recognized with any treasury stock transaction. | | | | | :-------------------- | :-: | :-: | | Retired the stock | | | | Common stock | XXX | | | APIC-common stock | XXX | | | Treasury stock | | XXX | | APIC-treasury stock** | | XXX | *Only if insufficient APIC-treasury stock. **Only if original issue price is more than the cost of the treasury stock.

📝 Answered - An insured becomes disabled at age 22 and can no longer work. She meets the definition of total disability under Social Security. What other requirement must the insured have met to receive Social Security disability benefits? A. Have accumulated 40 work credits B. Have reached the age of 25. C. Have accumulated 20 work credits in the past 10 years D. Have accumulated 6 work credits in the past 3 years

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

📝 Answered - 1. Which of the following calculates a sole trader's net profit for a period? A. Closing net assets + drawings - capital introduced - opening net assets B. Closing net assets - drawings + capital introduced - opening net assets C. Closing net assets - drawings - capital introduced - opening net assets D. Closing net assets + drawings + capital introduced - opening net assets 2. Which of the following statements is/are correct? (1) A statement of cash flows prepared using the direct method produces a different figure to net cash from operating activities from that produced if the indirect method is used (2) Rights issues of shares do not feature in a statement of cash flows (3) A surplus on revaluation of a non-current asset will not appear as an item in a statement of cash flows (4) A profit on the sale of a non-current asset will appear as an item under cash flows from investing activities in the statement or cash flows A. 1 and 3 only B. 3 and 4 only C. 2 and 4 only D. 3 only 3. Xena has the following working capital ratios: | | 20X9 | 20X8 | |----------|-------|-------| | Current ratio | 1.2:1 | 1.5:1 | | Receivables days | 75 days | 50 days | | Payables days | 30 days | 45 days | | Inventory turnover | 42 days | 35 days | Which of the following statements is correct? A. Xena's liquidity and working capital has improved in 20X9 B. Xena is receiving cash from customers more quickly in 20X9 than in 20X8 C. Xena is suffering from a worsening liquidity position in 20X9 D. Xena is taking longer to pay suppliers in 20X9 than in 20X8 5. If the owner of a business takes goods from inventory for his own personal use, the accounting concept that should be applied to record the transaction is the: A. relevance concept B. capitalisation concept C. money measurement concept D. separate entity concept 6. Retained earnings are: A. accumulated and undistributed profits of a company B. amounts which cannot be distributed as dividends C. amounts set aside out of profits to replace revenue items D. amounts set aside out of profits for a specific purpose

📝 Answered - True or False? Indirect financial interests are financial interests in companies or other entities that are beneficially owned through a collective investment vehicle, estate, trust or other intermediary over which the individual or entity has control or ability to influence investment decisions. • True • False

📝 Answered - Which of the following is NOT one of the Seven Steps for Telephone Etiquette? A. Transfer the call. B. Take complete messages. C. Close the call by thanking the customer. D. Listen to gather information about the callers needs.

📝 Answered - Which of the following strategies are good ways to manage your time? Select all that apply. A. Multitasking on projects B. Limiting entertainment time C. Prioritizing study time first

📝 Answered - Unfortunately, he has made a mistake in adding the numbers and has not allocated all of the paycheck. If he deposits the difference into the two emergency savings accounts, how much total per week can he then put towards emergency savings? a. $40 b. $60 c. $74 d. $55