Cholamandalam Investment & Finance Finance Intern Interview Questions and Answers

Topic about the financial analysis

Q1. What is the format for budgeting
Ans. 
Budgeting format involves creating a detailed plan for managing and allocating financial resources.
• Budgeting typically involves creating a spreadsheet or financial software program to track income, expenses, and savings goals.

• It is important to categorize expenses, set financial goals, and regularly review and adjust the budget as needed.

• Common budgeting formats include zero-based budgeting, incremental budgeting, and ...read more
Answered by AI
Add your answer
Q2. What is the formula for EBIT
Ans. 
EBIT formula calculates a company's earnings before interest and taxes.
• EBIT = Revenue - Operating Expenses

• Operating expenses include costs like salaries, rent, utilities, and depreciation

• EBIT is a measure of a company's profitability before taking into account interest and taxes

• Example: If a company has $1,000,000 in revenue and $500,000 in operating expenses, EBIT would be $500,000
Answered by AI
Add your answer