Schaeffer & Sam Senior Associate Analyst Interview Questions and Answers

Q1. Petty cash usage and purpose
Ans. 
Petty cash is a small amount of cash kept on hand for minor expenses.
• Petty cash is used for small, everyday expenses that are impractical to pay for with a check or credit card.

• It is typically managed by a designated custodian who is responsible for tracking expenses and replenishing the fund.

• Examples of petty cash expenses include office supplies, postage, and employee reimbursements.

• Petty cash should be reconciled re...read more
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Q1. Recruitment, HR Operations,
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Q1. Culture, problem solving skills. Competency
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Q1. Career overview and background queations
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Q1. Be strog in fundamentals
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Q2. Prepare what you update on resume
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Q1. Last job place and why did I left
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Q1. Experience years
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Q1. Costing related
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Q2. Resume based questions asked
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Q3. About my strenght
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Q1. Inventory analysis
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Q2. Defination of Break even point
Ans. 
Break even point is the point at which total revenue equals total costs, resulting in neither profit nor loss.
• Break even point is where total revenue equals total costs.

• It is the point where a company neither makes a profit nor incurs a loss.

• It helps in determining the level of sales needed to cover all costs.

• Formula: Break Even Point = Fixed Costs / (Selling Price per Unit - Variable Costs per Unit)

• Example: A company ...read more
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Confidence level
Pressure handling
Team building attitude
Identification of Goal