The common ratio is the ratio of: Net credit sales to average net receivable Gross profit to net sales Current assets to current liabilities Net income to owner’s equity TRUE ANSWER : ? YOUR ANSWER : ?
A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries. Mortgage bond Collateral trust bond Security bond Joint bond TRUE ANSWER : ? YOUR ANSWER : ?
All the proceeds which are received by the business as a result of the sale of goods is called ______. Total sales Net revenue Net income Gross income TRUE ANSWER : ? YOUR ANSWER : ?
The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected? P 19,122.15 P 19,624.49 P 19,423.69 P 19,518.03 TRUE ANSWER : ? YOUR ANSWER : ?
An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest. 0.1208 0.1232 0.1189 0.12 TRUE ANSWER : ? YOUR ANSWER : ?
Which is true about partnership? Its capitalization must be equal for each partner. It has a perpetual life. It can be handed down from one generation of partners to another. It will be dissolved if one of the partners ceases to be connected with the partnership. TRUE ANSWER : ? YOUR ANSWER : ?
If ‘S’ is the future capital accumulated in ‘n’ years at the rate of interest ‘I’ per annum, then present worth is: S (1 + i)n S/(1 + i)n S (1 + i)1/n None of these TRUE ANSWER : ? YOUR ANSWER : ?
What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc.? Equipment obligation bond Equipment bond Railroad bond Equipment trust bond TRUE ANSWER : ? YOUR ANSWER : ?
What is a measure of the average speed with which accounts receivable are collected? Receivable turnover Quick ratio Acid test ratio Current ratio TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the cost of borrowing money or the amount earned by a unit principal per unit time? Yield rate Rate of return Rate of interest Economic return TRUE ANSWER : ? YOUR ANSWER : ?