GuideFoot - Learn Together, Grow Smarter. Logo

Questions in business

📝 Answered - XYZ Corporation invests $11,000 into 91-day treasury bills with an interest rate of 2.7%. If the broker charges a $25 commission, what is the yield? yield = [?]% yield = (amount invested * interest rate * (days invested / 360 days)) / (amount invested * (days invested / 360 days) + commission) Give your answer as a percent rounded to the nearest hundredth.

📝 Answered - When does the budget become a part of the business's financial plan? A. After it's drafted B. Once it is approved and everyone knows their financial targets C. After the first round of adjustments D. As soon as financial goals are set

📝 Answered - The following trial balance of Reyansh ExoGear Shop was prepared by an inexperienced accountant as at 31 March 20x5. | Account | Debit | Credit | |-----------------------|---------|---------| | Trade receivables | 6,600 | | | Trade payables | | 6,900 | | Capital | | 10,000 | | Charges from bank | 250 | | | Repairs expense | 1,050 | | | Cash at bank | 10,200 | | | Commission income | | 1,500 | | Wages expense | 5,400 | | | Rent expense | 4,800 | | | Drawings | 7,000 | | | Inventory | 21,500 | | | Sales revenue | | 56,000 | | Delivery expense | 2,500 | | | Cost of sales | 18,200 | | | Discount received | | 3,300 | There are mistakes in the trial balance. Prepare an amended trial balance for Reyansh ExoGear Shop as at 31 March 20x5.

📝 Answered - Complete the horizontal analysis below (round to the nearest tenth percent if applicable): Year 2 & Year 1 & Amount & Percent Change $88,338 & $92,147 & ? & ? Multiple Choice A. $8,300, 15% B. $3,809, 4.1% C. $180,485, 51.1%

📝 Answered - Based on this information, what is the bad debts expense for the year? A. P247,000 B. P227,000 C. P157,000 D. P187,000 The following accounts were extracted from COLORADO Company's unadjusted trial balance at December 31, 2023: | Account | Debit | Credit | |-------------------------|-------------|-------------| | Accounts receivable | P5,250,000 | | | Allowance for bad debts | P42,000 | | | Net credit sales | | P18,500,000 | The Company estimates that 3.50% of the gross accounts receivable will become uncollectible. What is the bad debts expense for 2023? A. P245,750 B. P647,550 C. P141,750 D. P225,750

📝 Answered - Enter the above transactions in his books of account. | Date | Description | Amount (₹) | |---|---|---| | 2025 Jan. 2 | Bought goods for cash | 20,000 | | 2025 Jan. 3 | Sold goods for cash | 7,000 | | 2025 Jan. 15 | Sold goods to Shravan | 6,000 | | 2025 Jan. 18 | Bought goods on credit from Anurag | 50,000 | | 2025 Jan. 19 | Goods returned to Anurag | 5,000 | | 2025 Jan. 20 | Sold goods for cash | 30,000 | | 2025 Jan. 22 | Paid electricity bill | 1,000 | | 2025 Jan. 28 | Paid for telephone bill | 500 | | 2025 Jan. 31 | Paid rent | 3,800 |

📝 Answered - What does the acronym SMARTS stand for? Select one: A. Subjective, marketable, actionable, recorded, tangible, and simple B. Specific, measurable, action-oriented, realistic, timely, and self-dete C. Small, micro, areas, radius, territory, and short-term D. Special, magical, aim-high, robustly, togetherness, and satisfying

📝 Answered - During the accumulation period, who can surrender an annuity? A. Payor B. Policyowner C. Annuitant D. Beneficiary

📝 Answered - If a multinational has difficulty reintegrating repatriates, what HR intervention is most effective? (A) Salary increase (B) Pre-return career planning and mentoring (C) Regional transfer (D) Contract shortening

📝 Answered - In a Joint Venture, unsold stock at the end is usually treated as: (A) Closing stock in trading account (B) Personal use (C) Normal loss (D) Joint asset