If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is: (1 + i)(1/2n) (1 + i)n None of these √(n + i) TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the cost of borrowing money or the amount earned by a unit principal per unit time? Rate of interest Rate of return Yield rate Economic return TRUE ANSWER : ? YOUR ANSWER : ?
Under ordinary simple interest, how many days in one year? 360 366 365 300 TRUE ANSWER : ? YOUR ANSWER : ?
Which of these gives the lowest effective rate of interest? 12.35 % compounded annually 11.90 % compounded annually 11.60 % compounded annually 12.20 % compounded annually 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 4,880.00 P 4,840.00 P 4,860.00 P 4,820.00 TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the need, want or desire for a product backed by the money to purchase it? Demand Product Good Supply TRUE ANSWER : ? YOUR ANSWER : ?
Lands, buildings, plants and machineries are example of what type of asset? Current asset Intangible asset Fixed asset Trade investment asset 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? 2.590 2,632 2,890 2,712 TRUE ANSWER : ? YOUR ANSWER : ?
Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following? Cost per linear metre method Cost per function method Base unit method Cost per square metre method 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? T-bills Stock Promissory note Bond TRUE ANSWER : ? YOUR ANSWER : ?