What are the two classifications of goods and services? Local and imported Raw and finished Consumer and producer Ready-made and made-to-order TRUE ANSWER : ? YOUR ANSWER : ?
What do you call a one-time credit against taxes? Credible credit Due credit Tax credit Revenue credit TRUE ANSWER : ? YOUR ANSWER : ?
The project contractor relies on the cost of the estimate: All of these For preparation of a definitive estimate to help negotiate contract For a unit price contract For submission of a competitive bid for a lump-sum contract TRUE ANSWER : ? YOUR ANSWER : ?
Aside from many sellers and many buyers, which one is a characteristic of perfect competition? All of these Homogeneous product Free market entry and exit Perfect information and absence of all economic friction TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment? Yield Return of investment Rate of return Economic return TRUE ANSWER : ? YOUR ANSWER : ?
A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. There will be 400 soldered connections. The cost of soldering a connection on the enameled wire will be P 1.65 on the tinned wire, it will be P 1.15. A 100- pair cable made up with enameled wire cost P 0.55 per linear foot and those made up of tinned wire cost P 0.75 per linear foot. Determine the length of cable run in feet so that the cost of each installation would be the same. 1,100 feet 1,000 feet 1,040 feet 1,120 feet TRUE ANSWER : ? YOUR ANSWER : ?
The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now? 13 months 10 months 12 months 11 months TRUE ANSWER : ? YOUR ANSWER : ?
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note. P18,000 P19,100 P18,900 P19,000 TRUE ANSWER : ? YOUR ANSWER : ?
The ratio obtained by dividing 'quick assets' by current liabilities is called Turnover ratio Solvency ratio Acid test ratio None of these TRUE ANSWER : ? YOUR ANSWER : ?
In computing depreciation of an equipment, which of the following represents the first cost? The original purchase price and freight charges Initial taxes and permit fees All of these Installation expenses TRUE ANSWER : ? YOUR ANSWER : ?