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Q:

What items would you verify when processing an expense report /invoice for payment?

Answer

Employee Travel and Expense Report (ETER ) / Direct Pay / Unencumbered Goods and Services

- The ETER is examined for compliance with Travel policy by the accounting clerk prior to submission to Accounts payable

- Accounts Payable enters ETER Information into Banner as a Direct pay, generates a Banner invoice number, and records invoice information

- Reimbursement checks for ETERs will be processed within five business days after a completed and correct ETER is received by Accounts payable and scheduled for payment in the payment cycle following.

- ETERs should be submitted within 60 calendar days of incurring the expenses. TEARs submitted for expenses older than two months will not be processed nor reimbursed.

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Subject: Accounts Payable

Q:

A sum is being lent at 20 % per annum compound interest.what is the ratio of increase in amount of 4th year to 5th year?

A) 4:5	B) 5:4
C) 5:6	D) can't be determined

Answer & Explanation Answer: C) 5:6

Explanation:

$\frac{P {(1 + \frac{r}{100})}^{4}}{P {(1 + \frac{r}{100})}^{5}} = \frac{1}{(1 + \frac{r}{100})} = \frac{100}{100 + r} = \frac{100}{120} = \frac{5}{6}$

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Filed Under: Compound Interest

Q:

Rs 1000 is being charged at 50% per annum. what is the interest for 3rd year at compound interest?

A) 1122	B) 1025
C) 1125	D) 625

Answer & Explanation Answer: C) 1125

Explanation:

Total amount for two years = $1000 \times {(1.5)}^{2} = 2250$

Now , interest for third year = $\frac{2250 \times 50 \times 1}{100} = 1125$

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Filed Under: Compound Interest

Q:

A watch which gains uniformly is 2 minutes low at noon on monday and is 4 min.48 sec fast at 2 p.m on the following monday. when was it correct ?

A) 2 p.m on Tuesday	B) 2 p.m on Wednesday
C) 3 p.m on Thursday	D) 1 p.m on Friday

Answer & Explanation Answer: B) 2 p.m on Wednesday

Explanation:

Time from 12 p.m on monday to 2 p.m on the following monday = 7 days 2 hours = 170 hours

Therefore, The watch gains $(2 + 4 \frac{4}{5})$ min. or 34/5 min. in 170 hrs.

Now, 34/5 min. are gained in 170 hrs.

Therefore, 2 min are gained in $(170 \times \frac{5}{34} \times 2)$ hrs = 50 hrs

Therefore, Watch is correct 2 days 2 hrs. after 12 p.m on monday i.e it will be correct at 2 p.m on wednesday.

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Filed Under: Clocks

Q:

The angle between the minute hand and the hour hand of a clock when the time is 8:30

A) 80 Degrees	B) 75 Degrees
C) 60 Degrees	D) 105 Degrees

Answer & Explanation Answer: B) 75 Degrees

Explanation:

Angle traced by hour hand in 17/2 hrs = ${(\frac{360}{12} \times \frac{17}{2})}^{o}$ = 255

Angle traced by min hand in 30 min = ${(\frac{360}{60} \times 30)}^{o}$ = 180

Therefore, Required angle = (255 - 180) = $75^{o}$

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Filed Under: Clocks

Q:

4 kg of a metal contains 1/5 copper and rest in Zinc. Another 5 kg of metal contains 1/6 copper and rest in Zinc.The ratio of Copper and Zinc into the mixture of these two metals:

A) 49 : 221	B) 39:231
C) 94:181	D) None of these

Answer & Explanation Answer: A) 49 : 221

Explanation:

Copper in 4 kg = 4/5 kg and Zinc in 4 kg = 4 x (4/5) kg

Copper in 5 kg = 5/6 kg and Zinc in 5 kg = 5 x (5/6) kg

Therefore, Copper in mixture = $\frac{4}{5} + \frac{5}{6} = \frac{49}{30}$ kg

and Zinc in the mixture = $\frac{16}{5} + \frac{25}{6} = \frac{221}{30}$ kg

Therefore the required ratio = 49 : 221

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Filed Under: Alligation or Mixture

Q:

A milk man sells the milk at the cost price but he mixes the water in it and thus he gains 9.09%. The quantity of water in the mixture of 1 liter is :

A) 83.33 ml	B) 90.90 ml
C) 99.09 ml	D) can't be determined

Answer & Explanation Answer: A) 83.33 ml

Explanation:

Profit (%) = 9.09 % = 1/11

Since the ratio of water and milk is 1 : 11,

Therefore the ratio of water is to mixture = 1:12

Thus the quantity of water in mixture of 1 liter = 1000 x (1/12) = 83.33 ml

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Filed Under: Alligation or Mixture

Q:

What is the maximum running land speed of Crocodile ?

A) 5 KMPL	B) 12 KMPL
C) 15 KMPL	D) 17 KMPL

Answer & Explanation Answer: D) 17 KMPL

Explanation:

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Filed Under: Animals and Birds

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