A. Due credit
B. Tax credit
C. Credible credit
D. Revenue credit
Related Mcqs:
- A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified ?
A. 12.07 %
B. 12.34 %
C. 12.67 %
D. 12.87 % - The ratio of the net income before taxes to net sales is called __________________?
A. Current ratio
B. Inventory turnover
C. Profit margin ratio
D. Price-earnings ratio - First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes ?
A. 21 %
B. 20 %
C. 19 %
D. 18 % - Cash money and credit necessary to establish and operate an enterprise are generally called _____________________?
A. Capital
B. Funds
C. Assets
D. Liabilities - What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?
A. Utility
B. Necessity
C. Commodity
D. Stock - What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset ?
A. Asset recovery
B. Depreciation recovery
C. Period recovery
D. After-tax recovery - What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?
A. Perfect competition
B. Oligopoly
C. Oligopsony
D. Monopoly - What refers to the claim of anyone to ownership ?
A. Proprietorship
B. Assets
C. Equity
D. Liability - What is used when a quick estimate of the doubling time for the invested money is needed ?
A. Rule of 48
B. Rule of 36
C. Rule of 24
D. Rule of 72 - The ability to convert assets to cash quickly is known as ________________?
A. Solvency
B. Liquidity
C. Leverage
D. Insolvency
