Salvage value is sometimes known as ______. Scrap value Junk value Second-hand value Going value TRUE ANSWER : ? YOUR ANSWER : ?
What is used to record historical financial transactions? Balance check Ledger system General journal system Bookkeeping system TRUE ANSWER : ? YOUR ANSWER : ?
What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents? Depreciation Deflation Inflation Depletion TRUE ANSWER : ? YOUR ANSWER : ?
The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected? P 19,624.49 P 19,518.03 P 19,122.15 P 19,423.69 TRUE ANSWER : ? YOUR ANSWER : ?
If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is: (1 + i/n)1/m (1 + i/m)1/n (1 + i/m)n (1 + i/n)m TRUE ANSWER : ? YOUR ANSWER : ?
A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually? P 142,999.08 P 143,104.89 P 143,999.08 P 142,189.67 TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied? Luxury Consumer products Necessity Producer products TRUE ANSWER : ? YOUR ANSWER : ?
Pick up the correct statement regarding financial statement analysis from the following. The income statement is the summary of revenues and expenses of a firm over a particular period of time All listed here Final analysis always involves the use of various financial statements i.e., balance sheet and income statement The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time TRUE ANSWER : ? YOUR ANSWER : ?
Which one of the following questions is relevant to the construction estimates? Did the estimators use short cut methods which may be unrealistic in their situation How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost Did the estimators precisely evaluate site conditions All of these TRUE ANSWER : ? YOUR ANSWER : ?
What type of bond which can be redeemed before maturity date? Callable bond Preferred bond Registered bond Incorporators bond TRUE ANSWER : ? YOUR ANSWER : ?