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Questions in business

📝 Answered - Question 9 The process of estimating profits under different scenarios is called: (A) Regression (B) Scenario analysis (C) Clustering (D) Multiplier effect

📝 Answered - What does an ideal work environment enable you to be? A. motivated, anxious, and overworked B. clean, comfortable, and disorganized C. wealthy, irresponsible, and lazy D. comfortable, motivated, and productive

📝 Answered - 1.1.1 The process of planning production, pricing, promotion and offering goods and services to customers: A) Selling B) Business C) Marketing D) Buying 1.1.2 ONE of the following factors will influence both the supply of and the demand for an agricultural product: A) Increased supply of a product B) Price of a product C) Range of products available D) Cost of producing a product 1.1.3 ONE of the following is NOT a requirement for a container used in the packaging of agricultural produce: The container must... A) be strong and rigid to protect the produce from physical damage. B) be free from visible signs of foreign growth. C) transmit foreign tastes and odours to the product. D) be clean and undamaged. 1.1.4 Which of the following statements apply to marketing if the supply of produce decreases? (i) The product offered for sale decreases and the price increases (ii) The product offered increases and the price decreases (iii) The price increases and the demand decreases (iv) The producer is prepared to offer the product at an increased price Choose the CORRECT combination: A) (ii), (iii) and (iv) B) (i), (iii) and (iv) C) (i), (ii) and (iv) D) (i), (ii) and (iii)

📝 Answered - Summer Company has been working on creating a new tablet to compete with existing tablets. The entity is confident it has the ability to sell the asset and show an income. The entity spent P2,000,000 during the first quarter of the current year studying alternatives. 2,000,000/5 = 400,000 During the second quarter, the entity spent an additional P250,000 improving one alternative at which point it became technologically and economically feasible. During the third quarter, the entity spent another P750,000 on the tablet to make it ready for use and sale by the end of the year. What total amount should be capitalized? a. 3,000,000 b. 1,000,000 c. 750,000 d. 0

📝 Answered - Explain a company's corporate social responsibility when they find out a customer (spelled 'sibling' in the original question) has been stealing customers' credit cards for about three months.

📝 Answered - Which of the following elements is included in organizational motivation? (A) Policies (B) Procedures (C) Mission (D) Rules

📝 Answered - January \begin{tabular}{|l|r|r|} \hline Income & \multicolumn{1}{|c|}{ Goal } & \multicolumn{1}{c|}{ Actual } \ \hline Job & 41000.00 & 41000.00 \ \hline Other & 0.00 & 750.00 \ \hline \multicolumn{2}{|r|}{ Total Income: } & 41000.00 \ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Expenses & Goal & Actual \ \hline Tithing & 4100.00 & 4175.00 \ \hline Fast Offering & 300.00 & 300.00 \ \hline Taxes & 3933.31 & 3933.31 \ \hline Tuition & 680.00 & 680.00 \ \hline Housing & 10500.00 & 10500.00 \ \hline Utilities & 3300.00 & 3474.18 \ \hline Cell Phone & 3626.64 & 3345.97 \ \hline Internet & 5400.00 & 5565.13 \ \hline Transportation & 2500.00 & \ \hline Groceries & 5000.00 & \ \hline Other & 1500.00 & \ \hline Emergency Fund & 160.00 & 181.00 \ \hline Total Expenses: & 40999.95 & 32154.59 \ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Cash Flow Summa & \multicolumn{1}{|c|}{ Goal } & \multicolumn{1}{c|}{ Actual } \ \hline Total Income & 41000.00 & 41750.00 \ \hline Total Expenses & 40999.95 & 32154.59 \ \hline Monthly Cash Flow: & 0.05 & 9595.41 \ \hline \end{tabular}

📝 Answered - On 1st April, 2021, 'Nitu' and 'Ranu' are partners with capital of ₹20,000 and ₹30,000 respectively. On the same day, Nitu gave a loan of ₹4,000 to the firm. The profit for that year is ₹5,240. Prepare a profit and loss appropriation account in the absence of a partnership agreement, while the year ends on March 31, 2022.

📝 Answered - Which of the following makes Precycle a retailer? (A) It has a physical presence. (B) It is environmentally conscious. (C) Its location. (D) It sells products directly to consumers.

📝 Answered - QUESTION 1 Mr Jacobs, a 52-year-old resident at Pretoria North, earned a monthly taxable income of R35 357.00 during the 2021/22 tax year. During this time, Mr Jacobs was a member of a medical fund for himself, his wife, and his two children. TABLE 1: TAX RATES FOR 2021/22 TAX YEAR | TAX BRACKET | TAXABLE INCOME | TAX RATES (in R) | |---|---|---| | 1 | 1 - 216 200 | 18% of taxable income | | 2 | 216 201-337 800 | 38 916 + 26% of taxable income above 216 200 | | 3 | 337 801-467 500 | 70 632 + 31% of taxable income above 337 800 | | 4 | 467 501-633 600 | 110 739 + 36% of taxable income above 467 500 | | 5 | 633 601-782 200 | 166 395 + 39% of taxable income above 633 600 | | 6 | 782 201-1 656 600 | 229 089 + 41% of taxable income above 782 200 | | 7 | 1 656 600 and above | 587 519 + 45% of taxable income above 1 656 600 | TABLE 2: TAX REBATES MEDICAL TAX CREDITS FOR 2021/22 TAX YEAR | YEAR | TAX REBATES | |---|---| | Primary | R15 714 | | Secondary (65 and older) | R8 603 | | Tertiary (75 and older) | R2 871 | | | MEDICAL TAX CREDITS PER MONTH | | Main member | R332 | | First member | R332 | | For each additional dependant | R224 | Use the information above to answer the questions that follow: 1.1 Determine Mr Malinga's annual taxable income. 1.2 Show with calculations that Mr Malinga will receive R334 medical tax credits for the 2021/22 tax year.