A VOM has a selling price of P 400. If its selling price is expected to decline at a rate of 10% per annum due to obsolescence, what will be its selling price after 5 years? P 222.67 P 231.56 P 236.20 P 212.90 TRUE ANSWER : ? YOUR ANSWER : ?
The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______. Expected return Effective interest Nominal interest Economic return TRUE ANSWER : ? YOUR ANSWER : ?
Current ratio is: Current assets/Current liabilities (Current assets + loans advances)/Current liabilities (Current assets + loans)/Current liabilities None of these TRUE ANSWER : ? YOUR ANSWER : ?
A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually. 0.1175 0.1232 0.115 0.1195 TRUE ANSWER : ? YOUR ANSWER : ?
What is a secondary book of accounts, the information of which is obtained from the journal is called? Ledger Worksheet Balanced sheet Trial balance 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 Ordinary annuity Perpetuity Annuity due TRUE ANSWER : ? YOUR ANSWER : ?
Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence. Organization Property Corporation Partnership TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the goods and services that are required to support human life, needs and activities? Luxury Consumer products Producer products Necessity TRUE ANSWER : ? YOUR ANSWER : ?
The owner of the construction company makes use of the estimate: To determine the capital investment costs To determine economic feasibility of the project All of these To assist in financial arrangements TRUE ANSWER : ? YOUR ANSWER : ?
What is another term for “acid-test ratio”? Quick ratio Current ratio Profit margin ratio Price-earnings ratio TRUE ANSWER : ? YOUR ANSWER : ?