The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as; Present Worth Annuity Capital recovery annuity Compound annuity Sinking fund annuity TRUE ANSWER : ? YOUR ANSWER : ?
What refers to a document that shows proof of legal ownership of a financial security? Check Bond Coupon Bank note 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 Perpetuity Ordinary annuity TRUE ANSWER : ? YOUR ANSWER : ?
Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded. Annually Bimonthly Quarterly Monthly TRUE ANSWER : ? YOUR ANSWER : ?
An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method P 3,729.27 P 3,927.27 P 3,279.27 P 3,792.72 TRUE ANSWER : ? YOUR ANSWER : ?
A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000 1043 1033 1037 1053 TRUE ANSWER : ? YOUR ANSWER : ?
What stock represents ownership and enjoys certain preferences than ordinary stock? Preferred stock Presidential stock Authorized stock Incorporator’s stock TRUE ANSWER : ? YOUR ANSWER : ?
The construction manager uses the estimate of the project To tell the owner of the project to take his/her financial decision All of these To develop bids on the project To control the project during its construction TRUE ANSWER : ? YOUR ANSWER : ?
A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. P1,549.64 P1,459.64 P1,945.64 P1,345.98 TRUE ANSWER : ? YOUR ANSWER : ?
Pick up the method used for project evaluation and selection in capital budgeting from the following: Internal ratio of return Payback period All listed here Net present worth TRUE ANSWER : ? YOUR ANSWER : ?