The depletion allowance method of computing depletion is commonly known as ______. Factor method Sinking fund method Unit method Percentage method TRUE ANSWER : ? YOUR ANSWER : ?
Oligopoly exists when there is/are: Few sellers and many buyers One seller and few buyers Many sellers and few buyers Few sellers and few buyers 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 1,033 1,043 1,037 1,053 TRUE ANSWER : ? YOUR ANSWER : ?
It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate? 0.1632 0.1628 0.1647 0.1602 TRUE ANSWER : ? YOUR ANSWER : ?
It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate? 16.02 % 16.32 % 16.28 % 16.47 % TRUE ANSWER : ? YOUR ANSWER : ?
A mathematical expression also known as the present value of annuity of one is called ______. Load factor Sinking fund factor Present worth factor Demand factor TRUE ANSWER : ? YOUR ANSWER : ?
What bond whose security is a mortgage on certain specified assets of the corporation? Mortgage bond Collateral trust bond Registered bond Debenture bond TRUE ANSWER : ? YOUR ANSWER : ?
If there are many sellers and few buyers, the market situation is _________ . Duopsony Oligopoly Monopoly Oligopsony TRUE ANSWER : ? YOUR ANSWER : ?
The ratio obtained by dividing 'quick assets' by current liabilities is called Acid test ratio None of these Turnover ratio Solvency ratio TRUE ANSWER : ? YOUR ANSWER : ?
Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”. 0.1346 0.1332 0.1373 0.1315 TRUE ANSWER : ? YOUR ANSWER : ?