UDC Satellite Laboratory Interview Questions and Answers

Private equity is a type of investment where funds are raised from investors to acquire and invest in private companies.

• Private equity firms typically buy a controlling stake in a company and then work to improve its operations and profitability before selling it for a profit.

• Private equity investments are typically made in companies that are not publicly traded.

• Private equity can be used to finance growth, acquisitions, or to restructure a company's operations.

• Examples of pr...read more

Types of fees in mutual funds include management fees, administrative fees, and distribution fees.

• Management fees are charged for managing the fund's investments.

• Administrative fees cover the operational costs of running the fund.

• Distribution fees are paid to brokers and financial advisors for selling the fund to investors.

GP catch up refers to the process of a general practitioner reviewing and addressing any missed or overdue healthcare appointments or screenings with a patient.

• GP catch up involves scheduling appointments for patients who have missed regular check-ups or screenings.

• It ensures that patients receive necessary medical care and monitoring in a timely manner.

• Examples include catching up on vaccinations, cancer screenings, or chronic disease management appointments.

Prepaid entry for expenses refers to recording expenses paid in advance as assets until they are used or consumed.

• Prepaid expenses are initially recorded as assets on the balance sheet

• They are gradually expensed over time as they are used or consumed

• Common examples include prepaid rent, insurance, and supplies

Accrual entries for expenses are recorded when expenses are incurred but not yet paid.

• Accrual entries are made to match expenses with the revenue they generate in the same accounting period.

• These entries are necessary for accurate financial reporting.

• Examples of accrual entries for expenses include salaries payable, rent payable, and utilities payable.