What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset? Depreciation recovery Asset recovery After-tax recovery Period recovery TRUE ANSWER : ? YOUR ANSWER : ?
What is a government bond which has an indefinite life rather than a specific maturity? Debenture Coupon T-bill Consol TRUE ANSWER : ? YOUR ANSWER : ?
The interest calculated on the basis of 365 days a year, is known as: Ordinary simple interest Exact simple interest Interest None of these TRUE ANSWER : ? YOUR ANSWER : ?
______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations. Status company Known owners Goodwill Big income TRUE ANSWER : ? YOUR ANSWER : ?
All the proceeds which are received by the business as a result of the sale of goods is called ______. Gross income Net revenue Total sales Net income TRUE ANSWER : ? YOUR ANSWER : ?
Current assets less inventories divided by current liabilities is known as Debts ratio Liquidity ratio Current ratio Acid-Test (or Quick) ratio TRUE ANSWER : ? YOUR ANSWER : ?
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities. Entrepreneurship Partnership Corporation Sole proprietorship TRUE ANSWER : ? YOUR ANSWER : ?
What is the simplest form of business organization? Sole proprietorship Enterprise Partnership Corporation TRUE ANSWER : ? YOUR ANSWER : ?
Pick up the ratio which gives us sufficient information by which to judge the financial condition and performance of the firm, from the following: Financial leverage ratio None of these Liquidity ratio Activity ratio TRUE ANSWER : ? YOUR ANSWER : ?
The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______. Expected return Effective interest Nominal interest Economic return TRUE ANSWER : ? YOUR ANSWER : ?