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Questions in business

[Terjawab] Complete the following vertical analysis of a balance sheet: Note: Round to the nearest tenth percent \begin{tabular}{lcc} & Amount & Percent \\ Current assets & $15,751 & A \\ Accounts Receivable & $10,888 & B \\ Inventory & $97,125 & C \\ PPD expenses & $11,448 & D \\ Total assets & $135,212 & $100 \% \\ \cline { 2 - 2 } & & \\ \end{tabular} Multiple Choice $11.6 \%, 8.1 \%, 71.8 \%, 8.5 \%$ None of the answer choices are gorrect.

[Terjawab] Which of the following is a practical value that shapes career choices? A. income B. compassion C. knowledge D. democracy

[Terjawab] The closing process is necessary for a merchandising business in order to: A. Calculate net income or net loss for an accounting period by debiting net income and crediting net loss. B. Ensure that all permanent accounts are closed to zero at the end of each accounting period by debiting the assets and crediting liabilities. C. Ensure that the company complies with state laws by debiting and crediting net income. D. Ensure that net income or net loss and owner withdrawals for the period are closed into the owner's capital account by in part crediting the drawing account.

[Terjawab] Which of the following is a technique for accomplishing a work-life balance? A. Being flexible B. Resisting change C. Working as hard as possible for 6 hours D. Planning perfect outcomes

[Terjawab] From the following balances, prepare final accounts of M/s Mangal and Sons for the year ended March 31st, 2022: Opening stock ₹12,500; Bills receivable ₹2,000; Sales ₹70,000; Purchases ₹37,500; Creditors ₹20,000; Salaries ₹3,850; Insurance ₹200; Debtors ₹32,500; Carriage ₹1,450; Commission ₹750; Interest ₹900; Printing ₹250; Bills payable ₹3,150; Returns inward ₹1,300; Returns outward ₹500; Bank ₹5,250; Rent and taxes ₹1,300; Furniture ₹1,000; Capital ₹7,100; Stock on March 31st, 2019 was valued at ₹15,000. [Ans. Gross profit ₹32,750; Net profit ₹25,500; Balance sheet total ₹55,750.]

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

[Terjawab] Sunflower and Pink Rose started a partnership business on April 1, 2014, with capitals of ₹2,59,000 and ₹1,50,000 respectively. On October 1, 2014, they decided that their capitals should be ₹2,00,000 each. The necessary adjustments in the capitals were made by introducing or withdrawing cash. Interest on capital is to be allowed at 10% per annum. Calculate the interest on capital as of March 31, 2015.

[Terjawab] 12. Which of the following tax systems is generally seen as the most equitable, based on the ability to pay principle? A. Regressive B. Proportional C. Progression D. All 13. What is the highest marginal income tax rate for employment income in Ethiopia? A. 25% B. 20% C. 35% D. 45% 14. Who is primarily associated with the formulation of the classic canons of taxation? A. John Maynard Keynes B. Adam Smith C. Karl Marx D. Milton Friedman

[Terjawab] Which of the following is NOT a type of e-commerce? Business-to-consumer (B2C) Retail-to-consumer (R2C)

[Terjawab] MSalah Enterprise is a business selling sports accessories. The following transactions took place in the month of November 2021. | Date | Transactions | |---|---| | Nov 1 | Mohamed, the owner, deposited RM50,000 of his cash savings into the bank account for business use. | | Nov 4 | The business paid RM10,400 rental deposit to Jordan Realtors by cheque. | | Nov 5 | Bought goods on credit from Andy Enterprise worth RM20,000. | | Nov 8 | Bought a computer for office use costs RM4,350 on credit. | | Nov 11 | Sold goods on credit to Jota Trading worth RM11,500. | | Nov 17 | Made a RM6,600 cash sales to Oxlade Supply Sdn Bhd. | | Nov 20 | Returned defective goods worth RM3,700 to Andy Bhd. | | Nov 23 | Paid Andy Enterprise RM5,400 by cheque. | | Nov 26 | Mohamed took goods worth RM1,200 for personal use. | | Nov 30 | Jota Trading returned goods worth RM1,500. Required: Identify the appropriate book of prime entry for all the above transactions.