In year zero, you invest P 10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much in terms of year zero pesos will be in the account at maturity? P 18,289.05 P 16,892.34 P 15,030.03 P 20,113.57 TRUE ANSWER : ? YOUR ANSWER : ?
What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually? P 7,731.29 P 7,420.89 P 7,590.12 P 7,654.04 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? Bond Promissory note T-bills Stock TRUE ANSWER : ? YOUR ANSWER : ?
Return on investment ratio is the ratio of the: Net income to owner’s equity Net credit sales to average net receivable Market price per share to earnings per share Cost of goods sold to average cost of inventory at hand TRUE ANSWER : ? YOUR ANSWER : ?
The ratio of the net income before taxes to net sales is called ______. Current ratio Price-earnings ratio Inventory turnover Profit margin ratio TRUE ANSWER : ? YOUR ANSWER : ?
Oligopoly exists when there is/are: One seller and few buyers Few sellers and few buyers Few sellers and many buyers Many sellers and few buyers 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. 5050000 5010000 5000000 5025000 TRUE ANSWER : ? YOUR ANSWER : ?
What are the common methods of computing depletion charge? Conservative method and conventional method Unit method and percentage method Rational method and irrational method Discrete method and depletion allowance method TRUE ANSWER : ? YOUR ANSWER : ?
What is a measure of the average speed with which accounts receivable are collected? Receivable turnover Current ratio Acid test ratio Quick ratio TRUE ANSWER : ? YOUR ANSWER : ?
What is another term for “current assets”? Liquid assets Ccash Fixed assets Non-liquid assets TRUE ANSWER : ? YOUR ANSWER : ?