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Questions in business

📝 Answered - Pass journal entries for the following transactions in the books of Bholanath Internationals, a dealer of Computer: Date: 18.4.2025 Transactions: Purchased goods from Raj ₹ 50,000 and sold to Mayank for ₹ 65,000; Mayank returned goods of ₹ 13,000 which were returned to Raj. Pass entries for returns only.

📝 Answered - Every SIDA badged employee is required to monitor restricted areas for any individual who does not have a SIDA badge displayed on the outermost garment above the waist. A. False B. True

📝 Answered - AB Bros. purchased a fixed asset for ₹87,000 which is expected to last for seven years. Depreciation is calculated using the straight line method. The scrap value of the asset is ₹3,000. 1. How will the asset be shown in the balance sheet after the end of the 3rd year? 2. Calculate the amount of profit or loss on sale if: (a) The asset is sold for ₹45,000 at the end of the 4th year. (b) The asset is sold for ₹25,000 at the end of the 5th year.

📝 Answered - To qualify for a resident producer license in this state, a producer must be a resident and be present in the state for at least how many months each year? A. 6 months B. 1 month C. 3 months D. 10 months

📝 Answered - An Elimination Period is a period between the commencement of coverage and: A. A standard period of time, usually 4 months B. The insured's next birthday C. The date benefits become payable D. The beginning of the next open enrollment

📝 Answered - A project contingency is included to cover potential increases in indirect costs only. A. True B. False

📝 Answered - If a customer provides false or unreliable information, what should this indicate? A. The customer needs more assistance B. There may be underlying suspicious activity C. The customer is trustworthy D. The transaction is likely legitimate

📝 Answered - Capacity cushion can be determined by: A. capacity - actual demand B. capacity - estimated demand C. capacity - strategic demand D. capacity - predicted demand E. capacity - expected demand

📝 Answered - Find the beginning inventory for April. | | Beginning Inventory | Purchases | Units Sold | |---|---|---|---| | April | | 1,800 | 3,100 | | May | 1,000 | 3,100 | 2,600 | The ending inventory for April is the beginning inventory for May.

📝 Answered - Which of the following is something you would not expect to see on a basic loan application? A. employer's name and address B. doctor's name and address C. annual or monthly income D. current monthly rent or mortgage payment