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? Stock pile Buffer stock Withheld stock Hoard stock TRUE ANSWER : ? YOUR ANSWER : ?
What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry? Rate of interest cannot be exactly determined The initial depreciation is low The initial deprecation is high Unstable economy 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 % 16.47 % 16.28 % TRUE ANSWER : ? YOUR ANSWER : ?
The sunk costs include: All of these An invested capital that cannot be retrieved An unrecovered balance A past expenditure 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 1043 1037 1053 1033 TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the value of an intangible item which arises from the exclusive right of a company to provide a specified product and service in a certain region of the country? Goodwill value Franchise value Company value Going value TRUE ANSWER : ? YOUR ANSWER : ?
What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled? Preferred stock Incorporator stock Authorized capital stock Common stock TRUE ANSWER : ? YOUR ANSWER : ?
A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries. Collateral trust bond Mortgage bond Security bond Joint bond TRUE ANSWER : ? YOUR ANSWER : ?
The ability to meet debts as they become due is known as ______. Leverage Insolvency Liquidity Solvency 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 1,043 1,053 1,037 1,033 TRUE ANSWER : ? YOUR ANSWER : ?