____________ taxes are based on gross earnings ?

Related Mcqs:

1. Generally, income taxes are based on the____________________?

   A. Total income
   B. Gross earning
   C. Total product cost
   D. Fixed cost

2. The ratio of gross annual sales to the fixed capital investment is termed as the ________________ ratio?

   A. Cash reserve
   B. Capital
   C. Turnover
   D. Investment

3. Gross earning is equal to the total income minus___________________?

   A. Total product cost
   B. Fixed cost
   C. Income tax
   D. None of these

4. The ratio of working capital to total capital investment for most chemical plants (except for non-seasonal based products) is in the range of _____________ percent ?

   A. 0.1 to 1
   B. 1 to 2
   C. 10 to 20
   D. 50 to 60

5. The amount of simple interest during ‘n’ interest period is (where, i = interest rate based on the length of one interest period, p = principal) ?

   A. p.i.n.
   B. p(1 + i.n)
   C. p(1 + i)n
   D. p(1 – i.n)

6. Optimum number of effects in a multiple effect evaporator is decided by the____________________?

   A. Cost benefit analysis
   B. Floor area availability
   C. Terminal parameters
   D. Evaporation capacity required

7. Which of the following is not a component of the fixed capital for a chemical plant facility ?

   A. Raw materials inventory
   B. Utilities plants
   C. Process equipment
   D. Emergency facilities

8. In a manufacturing industry, breakeven point occurs, when the___________________?

   A. Total annual rate of production equals the assigned value
   B. Total annual product cost equals the total annual sales
   C. Annual profit equals the expected value
   D. Annual sales equals the fixed cost

9. The depreciation during the year ‘n’, in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage ‘N’ to the ?

   A. Initial cost
   B. Book value at the end of (n – 1)th year
   C. Depreciation during the (n – 1)th year
   D. Difference between initial cost and salvage value

10. Fixed charges for a chemical plant does not include the____________________?

    A. Interest on borrowed money
    B. Rent of land and buildings
    C. Property tax, insurance and depreciation
    D. Repair and maintenance charges