A. Net sale
B. Owner’s equity
C. Inventory turnover
D. Quick assets
Related Mcqs:
- 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 % - Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%?
A. P 9,358.41
B. P 9,228.45
C. P 9,250.00
D. P 9,308.45 - The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________?
A. Yield
B. Economic return
C. Earning value
D. Gain - Return on investment ratio is the ratio of the_____________?
A. Net income to owner’s equity
B. Market price per share to earnings per share
C. Cost of goods sold to average cost of inventory at hand
D. Net credit sales to average net receivable - The common ratio is the ratio of_______________?
A. Net credit sales to average net receivable
B. Current assets to current liabilities
C. Gross profit to net sales
D. Net income to owner’s equity - An association of two or more persons for the purpose of engaging into a business for profit is called ____________________?
A. Entrepreneurship
B. Partnership
C. Proprietorship
D. Corporation - The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ___________________?
A. Dividend
B. Return
C. Share of stock
D. Equity - The flow back of profit plus depreciation form a given project is called ___________________?
A. Capital recovery
B. Cash flow
C. Economic return
D. Earning value - A feasibility study shows that a fixed capital investment of P10,000,000 is required for a proposed construction firm and an estimated working capital of P2,000,000. Annual depreciation is estimated to be10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P3,500,000?
A. 28.33 %
B. 29.17 %
C. 30.12 %
D. 30.78 % - A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation
