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Questions in business

📝 Answered - Two people quit work and begin college at the same time. Their salary and education information is given in the table below | | Salary prior to school | Years attending college | Total cost of college | Salary upon graduating | |----------|-------------------------|-------------------------|-----------------------|------------------------| | Person A | $18,000 | 3 | $45000 | $33,000 | | Person B | $27,000 | 4 | $30,000 | $37,000 | Choose the true statement. 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. Please select the best answer from the choices provided

📝 Answered - Journalize the following transactions in the books of Paramananda Pramanik. 2024 Apr 1 1. Paramananda started business with cash Rs 100000 2. Opened a bank account with SBI Rs 50000 3. Purchased goods Rs 13000 4. Withdrew from bank for personal use Rs 5000 5. Paid rent Rs 12000 6. Sold goods from Pritam for Rs 20000

📝 Answered - In what way can generative AI's data-driven analysis help sales management make strategic sales decisions about territory allocation to optimize sales performance? Choose the option that best answers the question. A. Monitoring supply chain logistics B. Evaluating customer satisfaction surveys C. Forecasting quarterly revenue targets D. Analyzing and summarizing demographic and competitor data

📝 Answered - Name any FOUR pillars of the Broad-Based Black Economic Empowerment Act (BBBEE), 2003 (Act 53 of 2003). Identify the leave provision as stipulated in the Basic Conditions of Employment Act (BCEA), 1997 (Act 75 of 1997) applicable to TD Accountants in EACH statement below. 1. 2.1 Employees receive a maximum of five days leave in the event of the death of a close relative. 2. 2.2 Medical certificates must be submitted by employees when absent from work for more than two consecutive days due to illness. 3. 2.3 Pregnant employees can commence with this type of leave any time from four weeks before the expected date of birth of the unborn child under the advice of a doctor. Read the scenario below and answer the questions that follow. LASS SUPPLIERS (LS) Lass Suppliers implemented the Broad-Based Black Economic Empowerment Act (BBBEE), 2003 (Act 53 of 2003). They promoted Sandile to a senior executive position to serve on their board of directors. 4. 3.1 Name the pillar of the Broad-Based Black Economic Empowerment Act (BBBEE), 2003 (Act 53 of 2003) applied by LS in the scenario above. 5. 3.2 Describe the purpose of the Broad-Based Black Economic Empowerment Act (BBBEE), 2003 (Act 53 of 2003). Read the scenario below and answer the questions that follow. BOTHA ENGINEERING (BE) The management of Botha Engineering encourages their employees to establish a workplace forum so that they can participate in decision-making. The owners are also aware of their rights as employers. 6. 4.1 Identify the Act that is applicable to the scenario above. 7. 4.2 Explain the rights of employers in terms of the Act identified in QUESTION 2.4.1. Advise businesses on the role of SETAS in supporting the Skills Development Act (SDA), 1998 (Act 97 of 1998).

📝 Answered - Illustration 34(C). The partners of a firm, Alia, Bhanu and Chand distributed the profits for the year ended 31st March, 2024, ₹80,000 in the ratio of 3:3:2 without providing for the following adjustments: (a) Alia and Chand were entitled to a salary of ₹1,500 each per month. (b) Bhanu was entitled to a salary of ₹4,000 per annum. Pass the necessary journal entry for the above adjustments in the books of the firm. Show workings clearly. (C.B.S.E., Sample Paper 2019-20-modified)

📝 Answered - Find out the amount of production overhead: | Item | Rs. | |---|---| | Office stationery | 5,000 | | Factory lighting | 10,000 | | Works Manager's Salary | 22,000 | | Indirect Materials | 9,000 | | Audit fees | 13,000 | | Foreman's Salary | 13,000 | Hint: Ignore office stationery and audit fees.

📝 Answered - By examining the spreadsheet below, what part of the financial plan might be missing? | | A | B | |---|----------------------|---------| | 1 | Cash Inflows | | | 2 | Disposable income | $7,350 | | 3 | Interest on deposits | $80 | | 4 | Income from investments | $50 | | 5 | Total Cash Inflow | $7,480 | | 6 | | | | 7 | Cash outflows | | | 8 | Mortgage | $4,500 | | 9 | Cell phone | $125 | | 10 | Car payment | $515 | | 11 | Savings account | $150 | | 12 | Investments | $200 | | 13 | Retirement plan | $1,100 | | 14 | Groceries | $300 | | 15 | Recreation | $200 | | 10 | Total Cash Outflow | $7,090 | A. plan for managing income B. plan for financing C. plan for protecting assets D. plan for retirement

📝 Answered - Aaron is thinking about going to college to get an associate's degree. If he completes his degree in 2 years and college costs total $30,000, how long will it take Aaron to recover his investment, assuming that he earns the median salary and continues to work full time while he is attending school? Median Annual Household Income by Educational Attainment of Householder, 1997

📝 Answered - What is a credit? A. An amount being reimbursed B. Funds paid by a party at closing C. An amount that a party owes and must pay at closing D. When the seller nets a positive amount at closing

📝 Answered - Quantitative theory in management emphasizes: (A) Data and models (B) Supervision (C) Leadership (D) Emotions