As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ______. Amortization Annuity Annuity factor Capital recovery TRUE ANSWER : ? YOUR ANSWER : ?
What is the ordinary interest on P1,500.50 for 182 days at 5.2%? P39.01 P39.99 P39.45 P39.82 TRUE ANSWER : ? YOUR ANSWER : ?
A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even? 2890 2632 2.59 2712 TRUE ANSWER : ? YOUR ANSWER : ?
A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan? P 6,292.93 P 6,922.93 P 6,222.39 P 6,999.39 TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the present worth of the probable future net earnings? Earning value Going concern value Total fair value Total market value TRUE ANSWER : ? YOUR ANSWER : ?
Each financial ratio is generally compared by A past ratio calculated from the past financial standard of the firm All of these A ratio of some selected firms most progressive and successful at the point of consideration A ratio developed by using the projected financial statement of the firm TRUE ANSWER : ? YOUR ANSWER : ?
The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion. 5010000 5000000 5025000 5050000 TRUE ANSWER : ? YOUR ANSWER : ?
What is the type of annuity where the first payment does not begin until some later date in the cash flow? Deferred annuity Perpetuity Ordinary annuity Annuity due 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? Deferred annuity Annuity due Ordinary annuity Perpetuity TRUE ANSWER : ? YOUR ANSWER : ?
Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest? 0.258 0.25 0.235 0.247 TRUE ANSWER : ? YOUR ANSWER : ?