What refers to the negotiable claim issued by a bank in lien of a term deposit? Capital gain certificate Bond Time deposit Certificate of deposit TRUE ANSWER : ? YOUR ANSWER : ?
The ratio of current assets to current liabilities is known as Debts ratio Liquidity ratio Acid-Test (or Quick) ratio Current ratio TRUE ANSWER : ? YOUR ANSWER : ?
Using factor method, the depletion at any given year is equal to: Initial cost of property times number of units sold during the year Initial cost of property divided by the total units in property Initial cost of property divided by the number of units sold during the year Initial cost of property times number of unit sold during the year divided by the total units in property TRUE ANSWER : ? YOUR ANSWER : ?
What type of bond where the corporation’s owner name are recorded and the interest is paid periodically to the owners with their asking for it? Callable bond Preferred bond Incorporators bond Registered bond TRUE ANSWER : ? YOUR ANSWER : ?
A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ______. Enterprise Corporation Cooperative Partnership TRUE ANSWER : ? YOUR ANSWER : ?
A project construction cost estimate includes: The profit of the contractor The labour and material cost All of these The equipment and over head cost TRUE ANSWER : ? YOUR ANSWER : ?
The financial health of the company is measured in terms of: All of these Relative risk Solvency Liquidity TRUE ANSWER : ? YOUR ANSWER : ?
What is a secondary book of accounts, the information of which is obtained from the journal is called? Ledger Trial balance Worksheet Balanced sheet TRUE ANSWER : ? YOUR ANSWER : ?
What is the type of annuity where the payments are made at the beginning of the each period starting from the first period? Ordinary annuity Deferred annuity Perpetuity Annuity due TRUE ANSWER : ? YOUR ANSWER : ?
What is the factor name of the formula [i(1+i)^n]/[((1+i)^n)-1]? Uniform gradient future worth Capital recovery Uniform series sinking fund Single payment present worth TRUE ANSWER : ? YOUR ANSWER : ?