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Questions in business

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

📝 Answered - From the following information calculate any two of the following ratios: (i) Net Profit Ratio (ii) Debt Equity Ratio (iii) Quick Ratio. Information: Paid up Capital ₹20,00,000 Capital Reserve ₹2,00,000 9% Debentures ₹8,00,000 Revenue from Operations ₹14,00,000 Gross Profit ₹8,00,000 Indirect Expenses ₹2,00,000 Current Assets ₹4,00,000 Current Liabilities ₹3,00,000 Opening Inventory ₹50,000 Closing Inventory 20% more than opening Inventory.

📝 Answered - You have three potential solutions: 1. An abandoned and rundown warehouse, located 3 blocks away, offers 1000m² of space at a rate of R15 per m² per month for a year. The estimated cost of renovating this warehouse is R239,000.00. 2. A fully equipped bonded storage facility of 1200m² is available at R25 per m², also for a year. Transport costs will be R530 per load of 10 pallets. 3. Another warehouse, situated 2 blocks away, has an immediately available space of 400m². Setting it up as a bonded store will cost R127,000.00 and take three days. Currently, 350m² of space is occupied by freight in bond at your existing premises. Moving this stock will take one day and cost R27,750.00. Both Options 1 and 2 require four weeks (28 days) before any stock can be stored, with a demurrage charge of R19.24 per pallet per day. Task 1: Working in groups of six (6), your task is to carefully evaluate these options and justify your decision in a report to management.

📝 Answered - From the following particulars, construct a sales ledger adjustment account as it will appear in the nominal ledger of a business: Balances on 30.6.22 (Dr.): 65,290 Balances on 30.6.22 (Cr.): 250 Sales as per sales day book: 120,500 Sales as per cash book: 10,000 Purchases as per purchase day book: 75,300 Purchases as per cash book: 5,000 Cash received from debtors as per cash book: 89,730 Bills receivable as per bill book: 20,500 Bills receivable dishonoured as per bill book: 3,500 Bills receivable discounted as per bill book: 7,800 Returns as per returns inward day book: 5,700 Discounts allowed as per cash book: 4,200 Trade discount allowed: 300 Credit balance on 31.12.22: 340

📝 Answered - Describe the ideal qualities of time management goals.

📝 Answered - Wilbur has $800 to open a checking account. He can maintain a minimum balance of at least $500. He plans to use the ATM twice a month and he maintains a savings account at the same bank. His employer has direct deposit and he sometimes overdrafts his account. Bank Account Terms and Conditions | | A | B | C | D | | :---------------- | :----------------------------------------------- | :------------------------------------------------------------------ | :--------------------- | :--------------------- | | Minimum Balance | $500 | $250 | $300 | $100 | | Interest | 0.2% | 0% | 0.02% | 0% | | Overdraft Fees | $0 if linked with savings account or $40 per overdraft | $35 per overdraft | $25 per overdraft | $25 per overdraft | | ATM Usage/Fees | $0 for all ATMs | $0 for ABC bank ATMs $3 for nonABC bank ATMs | $4 per transaction | $3 per transaction | | | $10 or | | | |

📝 Answered - 2) Capital Adjustment when there is no goodwill adjustment A and B are partners in a firm showing profit equally. Following is their Balance Sheet as on 31.3.2025: Liabilities | ₹ | Assets | ₹ ---------------------|---------|----------------------|--------- Creditors | 20,000 | Cash in hand | 7,000 Bills payable | 4,000 | Stock | 25,000 General Reserve | 6,000 | Buildings | Capitals | | Debtors | 17,000 A | 80,000 | (-) Provision for Doubtful Debts | 1,500 | 15,500 B | 40,000 | Furniture | 14,500 | | Patents | 30,000 | | Plant & Machinery | 18,000 | 1,50,000| | 1,50,000 On 01.4.2025, C is admitted into partnership on the following terms: a) C should bring ₹ 25,000 as Capital b) Stock is to be increased by 8%. c) Provision for doubtful debts is increased to ₹ 2,600. d) Capital accounts of partners are to be adjusted in their new profit sharing ratio of 3:3:1 based on Shiva's Capital. (Adjustments to be made in Cash).

📝 Answered - Planning to finance higher education helps people prepare for their financial future because it teaches them about A. loans and interest. B. savings accounts. C. filing taxes. D. short-term goals.

📝 Answered - According to surveys of companies, an important quality they look for in a job applicant is: A. ability to communicate effectively B. technical skill C. willingness to relocate D. a college degree

📝 Answered - CRA performance is evaluated based on: A. Lending, investment and service tests B. Lending test only C. Size and type of institution and the applicable performance standards D. None of the above