A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond. P 1,144.81 P 1,122.70 P 1,133.78 P 1,155.06 TRUE ANSWER : ? YOUR ANSWER : ?
The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______. Dividend Equity Return Share of stock TRUE ANSWER : ? YOUR ANSWER : ?
What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation? Promissory note Bond Stock T-bills TRUE ANSWER : ? YOUR ANSWER : ?
Lands, buildings, plants and machineries are example of what type of asset? Current asset Fixed asset Trade investment asset Intangible asset TRUE ANSWER : ? YOUR ANSWER : ?
A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent? 0.0612 0.0658 0.0665 0.0689 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. 1,040 feet 1,100 feet 1,000 feet 1,120 feet TRUE ANSWER : ? YOUR ANSWER : ?
The more critical (or severe) test of the firm's liquidity can be judged by: Current ratio Liquidity ratio Debts ratio Acid-Test (or Quick) ratio TRUE ANSWER : ? YOUR ANSWER : ?
The functional depreciation is sometimes called ______. Demand depreciation Failure depreciation Adolescence Life depreciation TRUE ANSWER : ? YOUR ANSWER : ?
An association of two or more persons for the purpose of engaging into a business for profit is called ______. Partnership Entrepreneurship Corporation Proprietorship TRUE ANSWER : ? YOUR ANSWER : ?
What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset? Depreciation recovery After-tax recovery Asset recovery Period recovery TRUE ANSWER : ? YOUR ANSWER : ?