The owner of the construction company makes use of the estimate: All of these To determine the capital investment costs To determine economic feasibility of the project To assist in financial arrangements TRUE ANSWER : ? YOUR ANSWER : ?
If there are many sellers and few buyers, the market situation is _________ . Oligopsony Monopoly Oligopoly Duopsony TRUE ANSWER : ? YOUR ANSWER : ?
What is an accounting term that represents an inventory account adjustment? Standard cost Cost of goods sold Overhead cost Cost accounting TRUE ANSWER : ? YOUR ANSWER : ?
Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year? P 4,840.00 P 4,820.00 P 4,860.00 P 4,880.00 TRUE ANSWER : ? YOUR ANSWER : ?
What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.? Commodity Necessity Utility Stock TRUE ANSWER : ? YOUR ANSWER : ?
If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is: None of these ni (1 + ni) (ni - 1) TRUE ANSWER : ? YOUR ANSWER : ?
What is the increase in the money value of a capital asset is called? Profit Capital stock Capital expenditure Capital gain TRUE ANSWER : ? YOUR ANSWER : ?
What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents? Depreciation Inflation Deflation Depletion TRUE ANSWER : ? YOUR ANSWER : ?
What is the basic accounting equation? Assets = liability + owner’s equity Owner’s equity = assets + liability Liability = assets + owners’ equity Owner’s equity = liability – assets TRUE ANSWER : ? YOUR ANSWER : ?
All are classified under direct labor expenses EXCEPT one. Which one? Supervision cost Assembly cost Inspection cost Testing cost TRUE ANSWER : ? YOUR ANSWER : ?