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Questions in business

[Answered] A fixed annuity premiums are invested in the insurance company's general account. The minimum interest is set at 2.5%. The investment only drew 2%. What interest rate will the insurer pay? A. 2.5% B. Whatever the company deems appropriate C. 290 D. 0.390

[Answered] Henry earns $68,000 per year, receives 15 days PTO, 8% retirement matching, and receives 70% employer-subsidized health insurance which totals $10,000. Calculate the benefit rate. | Employee Benefits | | --- | | Health Insurance | 70% | | FICA | 7.65% | | Paid Vacation (PTO) | 15 days | | Retirement Matching | 8% | [?] % Round to the nearest percentage point.

[Answered] Briefly describe the term "effective time management."

[Answered] 1. Basic objective of Financial Management is A. Maximization of shareholder's wealth B. Maximization of profit C. Ensuring Financial discipline in the firm. D. All of these. 2. Financial structure refers to A. Short-term resources. B. All the financial resources. C. Long-term resources. D. All of these. 3. The market value of the firm is the result of A. Dividend decisions. B. Working capital decisions. C. Capital budgeting decisions. D. Trade-off between risk and return. 4. Which of the following statements is correct regarding profit maximization as the primary goal of the firm? A. Profit maximization considers the firm's risk level. B. Profit maximization will not lead to increasing short-term profits at the expense of lowering expected future profits. C. Profit maximization does consider the impact on individual shareholder's EPS. D. Profit maximization is concerned more with maximizing net income than the stock 5. Which of the following is not normally a responsibility of the treasurer of the modern corporation but rather the controller? A. Budgets and forecasts. B. Asset management. C. Investment management. D. Financial management 6. The long-run objective of financial management is to A. Maximize earnings per share. B. Maximize the value of the firm's common stock.

[Answered] Mr. Gupta has given his premises on hire to a company for its office. He submits the following particulars: 1. Municipal rent value: 150,000 2. Fair rental value: 166,000 3. Standard rent: 160,000 4. Actual rent: 156,000 5. Municipal taxes: 12,000 per annum 6. Rent on loan purchase of house: 22,000 Compute his income from house property for the previous year 2021-22.

[Answered] | Costs | Cost Classification | |---|---| | Advertising | | | Salesperson smartphone costs | | | Property taxes on factory-building | | | Office building insurance used up | | | Wages to assembly workers | | | Salesperson commissions | | | Steel for cars | | | Depreciation on office equipment | | | Salesperson travel costs | | | Steering wheels used in cars | |

[Answered] Business XYZ has the following projected budget and actual budget for a given month: \begin{tabular}{|l|r|r|} \hline & Budget & Actual \\ \hline Payroll & $30,000 & $29,000 \\ \hline Inventory & $13,000 & $13,800 \\ \hline Rent & $8,000 & $7,700 \\ \hline Services & $5,000 & $4,750 \\ \hline \end{tabular} Calculate the percent change that Payroll is under budget. $\Delta=[?] %$ Answer as a percent rounded to the nearest tenth.

[Answered] On April 5, a customer returns 20 bicycles with a sales price of $250 per bike to Barrio Bikes. Each bike cost Barrio Bikes $100. The customer had yet to pay on their account. The bikes are in sellable condition. Prepare the journal entry or entries to recognize this return if the company uses the perpetual inventory system.

[Answered] In January, Pinnacle Paintball company has 500 units in beginning work-in-process (BWIP), and the company began production on an additional 1,300 units during the month. Ending work-in-process (EWIP) was 250 units. Pinnacle uses the weighted-average method of process costing. How many units were completed during January?

[Answered] Isabelle sees a bright green sticker on a bag of coffee, and it draws her attention to it. As she gets closer, she realizes that the word on the sticker is "NEW," and she decides to buy it. Which factor of salience has impacted her decision? A. Novelty B. Familiarity C. Repetition