Description : In franchising, which of the following is NOT a benefit that the franchiser gains? A)The franchiser can gain rapid product distribution. B)The franchiser can acquire capital more quickly for expanding ... to be highly motivated to succeed, which in turn leads to higher sales and higher royalties.
Last Answer : C)The franchiser gains a greater amount of control over how the franchisees operate the establishments.
Description : Which of the following is NOT an advantage of franchising for the franchisee? A)The franchisee can capitalise on the business experience of others. B)When problems arise, the franchisee can obtain ... E)The franchisee gives up a certain amount of control when participating in a franchise agreement.
Last Answer : E)The franchisee gives up a certain amount of control when participating in a franchise agreement.
Description : Pick out the wrong statement. (A) Gross revenue is that total amount of capital received as a result of the sale of goods or service (B) Net revenue is the total profit remaining ... indicates surplus capital and shows the relationship among total income, costs & profit over the time interval
Last Answer : (C) Working capital turnover ratio = sales/net working capital
Description : A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the contract progresses 2. a reimbursement of allowable cost of services ... unit rates and the final price is dependent on the quantities needed to carry out the work.
Last Answer : 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the final price is dependent on the quantities needed to carry out the work
Description : BENNIGAN'S ARE CLOSED?! GOD! NO! Also, I hear there are franchisees that are still open. How do we discover said franchises, and how quickly can I get a Big Irish in my stomach?
Last Answer : I’m big and Irish bend over?
Description : Jack gets a shopping list from his wife. On the list are a potted plant, fresh salmon, motor oil, bread, milk, and a birthday cake. To make just one stop to save time, Jack should go to: A)a convenience store. B)an off-price retailer. C)a speciality store. D)a franchiser. E)a supermarket.
Last Answer : E)a supermarket.
Description : As per accrual concept, which of the followings is not true a) revenue –expenditure = profit b) revenue –profit = expenditure c) sales + gross profit = revenue d) revenue = profit + expenditure
Last Answer : c) sales + gross profit = revenue
Description : The CPA should not undertake an engagement if his fee is to be based upon a. A percentage of audited net income. b. Per diem rates plus expenses. c. The findings of a tax authority. d. The complexity of the service rendered
Last Answer : A percentage of audited net income
Description : The most critical consideration in the design of a rolled steel column carrying axial loads is the (a) Percentage elongation at yield and the net cross-sectional area (b) Critical bending ... at ultimate load (d) Compressive strength based on slenderness ratio and gross cross-sectional area.
Last Answer : (d) Compressive strength based on slenderness ratio and gross cross-sectional area.
Description : The tax levied on gross sales revenue from business transactions is called - (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax
Last Answer : (1) Turnover Tax Explanation: A turnover tax is similar to a sales tax or a VAT, with the difference that it taxes intermediate and possibly capital goods. It is charged on gross ... turnover tax is levied on all intermediate transactions between businesses leading to and including the final sale.
Description : Cole Company has sales revenue of $39,000, cost of goods sold of $24,000 and operating expenses of $9,000 for the year ended December 31. Cole's gross profit is a. $30,000. b. $15,000. c. $6,000.
Last Answer : b. $15,000.
Description : Gross profit is calculated by subtracting ________ from _________, a. operating expenses, net income b. sales discounts from sales revenue c. cost of goods sold, net sales revenue d. merchandise inventory, cost of goods sold
Last Answer : c. cost of goods sold, net sales revenue
Description : Ingrid's Fashions sold merchandise for $38,000 cash during the month of July. Returns that month totaled $800. If the company's gross profit rate is 40%, Ingrid's will report monthly net sales revenue and cost of goods ... b. $37,200 and $14,880. c. $37,200 and $22,320. d. $38,000 and $22,320.
Last Answer : c. $37,200 and $22,320.
Description : With respect to the income statement, a. contra-revenue accounts do not appear on the income statement. b. sales discounts increase the amount of sales. c. contra-revenue accounts increase the amount of operating expenses. d. sales discounts are included in the calculation of gross profit.
Last Answer : d. sales discounts are included in the calculation of gross profit.
Description : Sales revenue less cost of goods sold is called a. gross profit. b. net profit. c. net income. d. marginal income.
Last Answer : a. gross profit.
Description : The tax levied on gross sales revenue from business transactions is called (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax
Last Answer : Turnover Tax
Description : Assertion A: Depth and width required at the entrance to a harbour are more than those required in the channel. Reason R: The entrance to a harbour is usually more exposed to waves as compared to the harbour itself. ... explanation of A (C) A is true but R is false (D) A is false but R is true
Last Answer : (A) Both A and R is true and R is the correct explanation of A
Description : The core of political democracy lies in the basic axiom of electoral democracy which is based on - (1) Right to education (2) Freedom of speech (3) Right to equality (4) Universal adult franchise
Last Answer : (4) Universal adult franchise Explanation: The core of political democracy is based on Universal adult Franchise. pertaining to civil matters in India.
Description : The prepayment of all charges on insured articles namely postage, registration and insurance fee is compulsory Above statement is a) True b) False
Last Answer : a) True
Description : Security fee for availing registered newspaper facility is daily newspaper- 1 month cost, weekly- 10 week cost, fortnightly- 21/2 moth cost, monthly- 2 month cost. a) Above statement is true b) Above statement is false
Last Answer : a) Above statement is true
Description : How often must a service initation fee be paid?
Last Answer : Feel Free to Answer
Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000
Last Answer : Answer: Rs. 13,200
Description : A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax
Last Answer : A. Redemption fee Explanation: A mutual fund redemption fee, also referred to as a -market timing fee , or -short-term trading fee , is a charge by a mutual fund company to discourage investors from ... (i.e. a purchase, typically a transfer, followed by a sale within a short period of time).
Description : The SCSS account transferred one Post office to another post office a) Rs 5/- per lac will be charged where the deposit is Rs 1 lac and above b) Rs 10/- per lac will be charged where the deposit is Rs 1 ... No fee will be charged d) Both the A and B( The fee will be paid by cash through pay in slip
Last Answer : d) Both the A and B( The fee will be paid by cash through pay in slip
Description : In what manner the fee for issue of duplicate pass book of savings account is paid by the depositor? a) By cash b) By crediting to UCR c) Postage stamp equa
Last Answer : c) Postage stamp equal to the value of the fee to be affixed on the application
Description : In what manner fee for getting the nomination cancelled in a Savings account is to be paid? a) In shape of cash b) By deposit to UCR c) In shape of stamp affixed on the application d) None of these
Last Answer : c) In shape of stamp affixed on the application
Description : The charges to be collected when a registred letter already delivered is presented with a revised address for registration. a) Cannot be registered b) Fresh postage and registration charges to be paid c) Postage alone to be collected d) Fresh registration fee is to be collected
Last Answer : d) Fresh registration fee is to be collected
Description : Because an external auditor is paid a fee by a client company, he a. Is absolutely independent and may conduct an audit. b. May be sufficiently independent to conduct an audit. c. Is ... to be independent. d. Must receive approval of the Securities and Exchange Commission before conducting an audit.
Last Answer : May be sufficiently independent to conduct an audit.
Description : Mark the correct option: a) Rate applicable for recall of foreign article in case letter 10gm & Telegraph 15 words b) The fee paid for the recall will not be refunded under any circumstances c) Weight ... , shall be collected from the addressee at the time of delivery. d) All the above are correct
Last Answer : d) All the above are correct
Description : Mark the correct option a) In case of inward Foreign article if postage stamps which are not cancelled by the o/o origin received, it should be cancelled by a thick stroke in ink. b) UR articles ... which postage due should be impressed on the back with the PMs unpaid stamp only e) All the above
Last Answer : e) All the above
Description : Letter posted in the Night post office without payment of late feed will be a) Impressed with the remarks ‘Detained late fee not paid’ and included on the next day dispatch b) Returned to the sender with the remarks ‘late fee not paid’ c) Detained without any remarks d) None of these
Last Answer : a) Impressed with the remarks ‘Detained late fee not paid’ and included on the next day dispatch
Description : One time company registration fee can be paid through a) demand draft c) both a) and b) b) online d) None of above
Last Answer : both a) and b)
Description : What do all of the following have in common: tuition, fee, premium, retainer, dues? A)They all must be paid in cash. B)They are forms of exchange similar to, but not identical with money. ... of exchange similar to, but not identical with barter. D)They are different terms for the concept of price.
Last Answer : D)They are different terms for the concept of price.
Description : A professional accountant may be associated with a tax return that a. Contains a false or misleading statement. b. Contains statements or information furnished recklessly or without any real ... use is generally acceptable or if it is impractical under the circumstances to obtain exact data
Last Answer : Uses of estimates if such use is generally acceptable or if it is impractical under the circumstances to obtain exact data
Description : Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .
Last Answer : Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .
Description : The operation of flywheel is continuous. a) True b) False
Description : In air, the tangential component of flux density is continuous at the boundary. State True/False. a) True b) False
Description : The tangential component of the magnetic field intensity is continuous at the boundary of separation of two media. State True/False. a) True b) False
Description : The tangential component of electric field intensity is always continuous at the interface. State True/False. a) True b) False
Description : Membership function defines the fuzziness in a fuzzy set irrespective of the elements in the set, which are discrete or continuous. A. True B. False
Last Answer : B. False
Description : What is the renewal fees paid for a patent right ? (A) Capital expenditure (B) Revenue expenditure (C) Deferred revenue expenditure (D) Development expenditure
Last Answer : Answer: Revenue expenditure
Description : As per Schedule VI of the Companies’ Act, 1956, Forfeited Share Account will be– (A) Added to paid up capital (B) Deducted from called up capital (C) Added to capital reserve (D) Shown as a revenue reserve
Last Answer : Answer: Deducted from called up capital
Description : Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.
Last Answer : B. Wages paid for the erection of plant and machinery.
Description : Gross national product (GNP) means the total value of __________ in a country. (A) Goods produced (B) Gold reserve (C) Earning of the citizens (D) Taxes paid
Last Answer : (A) Goods produced
Description : Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully ... . The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20
Last Answer : Rs.10.70
Description : Which of the following statements concerning monitoring techniques in the intensive care unit are true? A. Pulmonary artery and pulmonary capillary wedge pressure readings should be made ... clinical conditions not associated with tissue hypoxia, including liver disease and hypermetabolic states.
Last Answer : Answer: BD DISCUSSION: Many different monitoring techniques may be used to assess the adequacy of therapy for shock. The pulmonary artery catheter can provide important hemodynamic and oxygen ... also be seen with liver disease, toxin ingestion, and hypermetabolic states not associated with shock
Description : Law of diminishing marginal utility is based on the assumption that a. Tastes change over time b. Consumption is continuous c. Different units of goods consumed are homogeneous Of these statements: A.Only a is true B.a and c are true C.b and c are true D.All are true
Last Answer : D.All are true
Description : Do all states charge a motor fuel fee (tax) as a flat rate or do some charge fuel tax as a percentage of purchase like sales tax?
Last Answer : The standard tax imposed on motor fuel is a flat tax per gallon. You can check any state’s tax rate with a motor club. These taxes are relatively stable, and may not change for years.
Description : Normally a performance bond, depending upon the state, only stipulates that the contractor will guarantee the work for a certain period of time. Answer: D (8)Which contract type places the most risk on ... fee 3. Cost plus fixed fee 4. Fixed price plus incentive fee 5. Firm fixed price
Last Answer : 5. Firm fixed price
Description : Ethically, the auditor could: a. Advertise only as to his expertise in preparing income tax returns. b. Base his audit fee on a percentage of the proceeds of his client's stock issue. c. Perform ... at less than his customary fees. d. Own preferred stock in a corporation which is an audit client.
Last Answer : Perform an examination for a financially distressed client at less than his customary fees.