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Questions in business

📝 Answered - What is the correct order for the business development life cycle?

📝 Answered - Lauryn's wages were not as much as she had budgeted. How can her budget be modified so there will be a positive actual net income? | Monthly Budget | Budgeted Amount | Actual Amount | | :------------- | :-------------: | :------------ | | Income Wages | $1050 | $775 | | Expenses | | | | Car - gas, insurance | $250 | $ | | | $150 | $ | | Food | $120 | $ | | Clothes | $300 | $ | | College Savings| $75 | $ | | Recreation | $25 | | | Net Income | $130 | $ |

📝 Answered - Are banks and credit unions the only types of financial institutions? True False

📝 Answered - Using Table 19-1 and Table 19-2, calculate the annual, semiannual, quarterly, and monthly premiums (in $) for life insurance policy. Round your answers to the nearest cent. | Face Value of Policy | Sex and Age of Insured | Type of Policy | Annual Premium | Semiannual Premium | Quarterly Premium | Monthly Premium | |---|---|---|---|---|---|---| | 70,000 | female 35 | 10-year term | $$\square$$ | $$\square$$ | $$\square$$ | $$\square$$ |

📝 Answered - Question 8: On September 22, we purchased supplies on account for $1,150. What account would we credit when we journalize this entry? - Supplies - Cash - Accounts Payable - Supplies Expense Question 9: Which of the following types of accounts have a normal debit balance? - Assets and Dividends - Liabilities and Expenses - Revenues and Liabilities - Liabilities and Dividends Question 10: On December 31, we determined that $6,850 in revenue had been earned. We have not received any cash to date for this job and have not billed the client. What account would we credit when we record this adjusting entry in the general journal? - Service Revenue - Unearned Fees - Accounts Receivable - Retained Earnings Question 11: Our unearned revenue account had a credit balance of $5,000 before adjusting entries were recorded. On December 31, $2,000 in service revenue had been earned during the current year. What account and amount would we debit when we record this adjusting entry in the general journal? - Unearned Revenue, $2,000 - Service Revenue, $2,000 - Unearned Revenue, $3,000 - Service Revenue, $3,000

📝 Answered - Assets such as intellectual property, brand recognition, and reputation are known as what? A. Going concern B. Intangible assets C. Physical assets D. Tangible assets

📝 Answered - The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 13 percent. The project being analyzed is as follows ($32,000 investment): Year Cash Flow 1 $19,000 2 $15,000 3 $10,000 What is the modified internal rate of return? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

📝 Answered - Rate the effectiveness of the following actions that you could take. 1. Explain to your colleague that you have already completed your review and the deadline for the recommendation is today. Say you are unable to include the extra information. Options: Counterproductive, Ineffective, Fairly Effective, Effective 2. Explain the situation to your manager. Ask if you could have an extension to the deadline for the recommendation, so you can consider the extra information. Options: Counterproductive, Ineffective, Fairly Effective, Effective 3. Briefly scan through the additional information. Add a few details into your recommendation to cover the main additional points provided by the extra information, before the deadline. Options: Counterproductive, Ineffective, Fairly Effective, Effective 4. Read through the information quickly. Try to include as much of the extra information as possible in your recommendation. Submit your recommendation on the deadline. Options: Counterproductive, Ineffective, Fairly Effective, Effective

📝 Answered - What is the primary goal of performance management? A. Improve organizational performance B. Increase product variety C. Enhance financial outcomes D. Develop new products

📝 Answered - James wants an account with the lowest fees. Which checking account would be best for James? | Monthly Fee | $10 or $0 with direct deposit | $0 | $10 | $12 | | --------------------------------- | ----------------------------- | ---- | ---- | --------------------------------- | | Annual Fee | $0 | $36 | $0 | $0 | | Online Bill Payment | free | free | free | $0.50 per transaction | | Deposit to open | $50 | $50 | $500 | $1,000 | | Check Limits | unlimited | 50 per month | unlimited | unlimited | A. Account A B. Account B C. Account C D. Account D