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Questions in business

📝 Answered - An annuitant received $12,500 from his $25,000 straight life annuity. He was insured under a $50,000 paid-up whole life policy that named his wife beneficiary. Considering the contracts, how much will the annuitant's spouse receive in benefits? A. $50,000 B. $62,500 C. $75,000 D. Nothing

📝 Answered - Read the table and choose the true statement. | Person | Investment | Years | Revenue | Value | |---|---|---|---|---| | A | $18,000 | 3 | $45,000 | $38,000 | | B | $27,000 | 4 | $30,000 | $37,000 | A. Person A recovers their investment in a shorter amount of time. B. Person B recovers their investment in a shorter amount of time. C. They recover their investments in the same amount of time. D. There is too little information to compare the time to recover their investments.

📝 Answered - Use the data provided to calculate gross margin for 2019. | Account | Amount | | ----------------------------- | -------- | | Sales | $696,134 | | Merchandise Inventory | 535,142 | | Sales Discounts | 57,083 | | Interest Expense | 3,023 | | Sales Returns and Allowances | 83,899 | | Interest Revenue | 10,317 | | Cost of Goods Sold | 240,581 | | Rent Expense | 14,590 | | Depreciation Expense: Office Equipment | 3,282 | | Insurance Expense | 2,235 | | Advertising Expense | 12,734 | | Accounts Receivable | 96,530 | | Office Supplies Expense | | | Rent Revenue | 23,419 | | Sales Salaries Expense | 25,556 | | Accounts payable | 136,041 | | Common Stock | 54,644 | | Marketing expense | 31.452 |

📝 Answered - Select one option from below. The billwise feature is a/an: A. Accounting Feature B. Inventory Feature C. Taxation Feature D. Other Feature

📝 Answered - Kayla plans to reduce her spending by $70 a month. Calculate the future value of this increase in savings over the next 10 years. (Assume an annual deposit to her savings account and an annual interest rate of 2 percent.)

📝 Answered - Explain how GreenTech can apply sensitivity analysis and simulation to improve its investment decision.

📝 Answered - How does an equity investor make money? A. selling many investments at the same time B. selling an investment for more than they paid for it C. lending money and charging interest D. depositing money in compounding accounts

📝 Answered - Give journal entries of the following transactions and post them into the ledger: July, 2009 1 Started business with cash (₹) 10,000 7 Bought goods from Patwardhan 9,000 10 Returned goods to Patwardhan 200 18 Sold goods for Cash 3,000 20 Sold goods to Kumar 5,000 25 Received from Kumar 4,900 Allowed him discount 100

📝 Answered - Which step is first in the decision-making process? A. taking action B. weighing the evidence C. identifying the decision D. considering the alternatives

📝 Answered - 3.1 Which statement is true below? A. All businesses must be registered as VAT vendors. B. A business with a turnover of R1m and above must be registered as a VAT vendor. C. Only retailers must register for VAT. D. A business with a turnover of R600,000 and above must be registered as a VAT vendor. 3.2 Which item is zero-rated on the list below? A. Bread B. Heater C. Cooldrink D. Meat 3.3 The total of Steve's cash slip at the supermarket was R249.80 (inclusive of VAT on vatable goods). This amount includes R19 worth of zero-rated items. Calculate the amount on which VAT was calculated. A. R230.60 B. R229.80 C. R230.80 D. R268.80 3.4 Refer to 3.3 above. Assume that none of the items are zero rated, and calculate the amount of VAT that was paid. A. R32.58 B. R33.68 C. R37.47 D. R32.08