What refers to the amount of money paid for the use of borrowed capital? Rate of interest Interest Simple interest Principal 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%. P1,459.64 P1,945.64 P1,549.64 P1,345.98 TRUE ANSWER : ? YOUR ANSWER : ?
“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of supply and demand Law of demand Law of supply Law of diminishing return TRUE ANSWER : ? YOUR ANSWER : ?
A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method? P 2,100.00 P 2,300.00 P 2,000.00 P 2,200.00 TRUE ANSWER : ? YOUR ANSWER : ?
What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Manufacturer Buyer or consumer Seller Producer TRUE ANSWER : ? YOUR ANSWER : ?
Current ratio is: Current assets/Current liabilities (Current assets + loans)/Current liabilities (Current assets + loans advances)/Current liabilities None of these TRUE ANSWER : ? YOUR ANSWER : ?
Which is NOT an essential element of an ordinary annuity? The first payment is made at the beginning of the first period. Compound interest is paid on all amounts in the annuity. The amounts of all payments are equal. The payments are made at equal interval of time. 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 1,037 1,053 1,043 1,033 TRUE ANSWER : ? YOUR ANSWER : ?
Which one of the following is not a construction estimate? Initial feasibility estimate Definite estimate None of these Conceptual preliminary budget TRUE ANSWER : ? YOUR ANSWER : ?
A feasibility study shows that a fixed capital investment of P10,000,000 is required for a proposed construction firm and an estimated working capital of P2,000,000. Annual depreciation is estimated to be10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P3,500,000. 0.3078 0.2833 0.2917 0.3012 TRUE ANSWER : ? YOUR ANSWER : ?