What type of bond is issued jointly by two or more corporations? Tie-up bond Trust bond Joint bond Mortgage bond TRUE ANSWER : ? YOUR ANSWER : ?
What is used to record historical financial transactions? Ledger system Balance check Bookkeeping system General journal system TRUE ANSWER : ? YOUR ANSWER : ?
Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest. 0.1219 0.1154 0.1029 0.1203 TRUE ANSWER : ? YOUR ANSWER : ?
A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year? P702.15 P693.12 P700.12 P705.42 TRUE ANSWER : ? YOUR ANSWER : ?
What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal? Compound interest Simple interest Effective rate of interest Nominal rate of interest 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 : ?
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? 2,632 2,712 2.590 2,890 TRUE ANSWER : ? YOUR ANSWER : ?
Which of these gives the lowest effective rate of interest? 12.35 % compounded annually 11.60 % compounded annually 12.20 % compounded annually 11.90 % compounded annually TRUE ANSWER : ? YOUR ANSWER : ?
The financial health of the company is measured in terms of: All of these Relative risk Solvency Liquidity TRUE ANSWER : ? YOUR ANSWER : ?
ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method. 8 years 9 years 7 eyars 10 years TRUE ANSWER : ? YOUR ANSWER : ?