Etax Accountants Electrician Interview Questions and Answers

To find the average profit on a given loan, divide the total profit by the number of loans.

• Calculate the total profit earned on the loan

• Determine the number of loans

• Divide the total profit by the number of loans to find the average profit

• Example: If the total profit earned on 10 loans is $1000, the average profit per loan is $100

When choosing between two marketing schemes, it's important to consider the target audience, budget, and goals.

• Consider the target audience and which scheme would be more appealing to them

• Evaluate the budget and determine which scheme is more cost-effective

• Assess the goals of the marketing campaign and choose the scheme that aligns best with those goals

• Conduct market research to gather data on the effectiveness of each...read more

Setting up a new ATM involves various costs and considerations such as location, equipment, maintenance, and security.

• Location is a crucial factor in determining the success of an ATM. It should be easily accessible and visible to potential users.

• Equipment costs include the ATM machine, software, and communication systems.

• Maintenance costs include regular servicing, cash replenishment, and repairs.

• Security measures suc...read more

I asked my peers for help when I was struggling with a project deadline.

• I explained my situation and asked for their input

• They were able to offer suggestions and resources that helped me meet the deadline

• I expressed my gratitude and offered to return the favor in the future

I had to learn a new programming language for a project

• Researched online resources and tutorials

• Practiced coding exercises to gain proficiency

• Collaborated with team members who were experienced in the language

• Implemented the language in the project successfully

I led a team to complete a project in 3 days instead of 5

• Set clear goals and priorities

• Divide tasks among team members based on strengths

• Communicate regularly to ensure progress and address issues

• Worked overtime to meet the deadline

• Received positive feedback from the client

Profitability analysis in the credit cards business involves evaluating the financial performance and returns generated by credit card operations.

• Profitability analysis helps assess the effectiveness of credit card strategies and identify areas for improvement.

• Key metrics for profitability analysis include net interest margin, fee income, credit losses, and operating expenses.

• Comparing profitability across different cu...read more

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events

• Premiums are paid to the insurance company in exchange for coverage

• Types of insurance include health, auto, home, and life insurance

• Insurance policies have terms and conditions that must be followed to receive benefits

• Insurance helps individuals and bu

Types of insurance include life, health, auto, home, and travel.

• Life insurance provides financial support to beneficiaries upon the policyholder's death.

• Health insurance covers medical expenses and treatments.

• Auto insurance covers damages and injuries resulting from car accidents.

• Home insurance covers damages to the home and personal property.

• Travel insurance covers unexpected events while traveling, such as trip cance

A tangible asset is a physical asset that has a measurable value and can be seen or touched.

• Examples include buildings, land, machinery, and inventory.

• Tangible assets are typically depreciated over time.

• They are recorded on a company's balance sheet.

• Tangible assets can be bought, sold, or traded.

• They are different from intangible assets, such as patents or trademarks.

An intangible asset is a non-physical asset that has no intrinsic value but has value due to its legal or intellectual property rights.

• Intangible assets include patents, trademarks, copyrights, and goodwill.

• They cannot be touched or seen but can be owned and traded.

• Their value is based on their ability to generate revenue or provide a competitive advantage.

• Intangible assets are recorded on a company's balance sheet and...read more

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events

• Premiums are paid to the insurance company in exchange for coverage

• Types of insurance include health, auto, home, and life insurance

• Insurance policies have terms and conditions that must be followed to receive benefits

• Insurance companies use actuarial

Accounts payable is the amount of money a company owes to its suppliers or vendors for goods and services received but not yet paid for.

• Accounts payable is a liability on the balance sheet.

• It represents the amount owed to suppliers or vendors for goods or services received.

• Accounts payable is usually paid within a certain period of time, known as the payment terms.

• Examples of accounts payable include bills for utilitie...read more

Account receivables refer to the money owed to a company by its customers for goods or services provided on credit.

• It is a type of asset on a company's balance sheet

• It represents the amount of money owed to the company by its customers

• It is typically collected within a certain period of time, usually 30-90 days

• Examples include unpaid invoices, outstanding bills, and overdue payments