The ratio obtained by dividing 'quick assets' by current liabilities is called None of these Acid test ratio Solvency ratio Turnover ratio TRUE ANSWER : ? YOUR ANSWER : ?
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note. P18,900 P18,000 P19,100 P19,000 TRUE ANSWER : ? YOUR ANSWER : ?
The ability to meet debts as they become due is known as ______. Leverage Solvency Liquidity Insolvency TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the goods and services that are required to support human life, needs and activities? Luxury Producer products Consumer products Necessity TRUE ANSWER : ? YOUR ANSWER : ?
Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest? 0.247 0.258 0.25 0.235 TRUE ANSWER : ? YOUR ANSWER : ?
What market situation exists where there is only one buyer and only one seller? Bilateral monopoly Bilateral monopsony Monopsony Monopoly 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%. P1,345.98 P1,459.64 P1,549.64 P1,945.64 TRUE ANSWER : ? YOUR ANSWER : ?
What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product? Buffer stock Withheld stock Hoard stock Stock pile TRUE ANSWER : ? YOUR ANSWER : ?
What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.? Stock Commodity Utility Necessity TRUE ANSWER : ? YOUR ANSWER : ?
Using factor method, the depletion at any given year is equal to: Initial cost of property divided by the number of units sold during the year Initial cost of property divided by the total units in property Initial cost of property times number of units sold during the year Initial cost of property times number of unit sold during the year divided by the total units in property TRUE ANSWER : ? YOUR ANSWER : ?