A. Utility
B. Necessity
C. Commodity
D. Stock
Related Mcqs:
- 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 - What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc ?
A. Railroad bond
B. Equipment obligation bond
C. Equipment bond
D. Equipment trust bond - 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 ?
A. Depletion
B. Inflation
C. Depreciation
D. Deflation - 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 ?
A. Stock pile
B. Hoard stock
C. Buffer stock
D. Withheld 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 do you call a one-time credit against taxes ?
A. Due credit
B. Tax credit
C. Credible credit
D. Revenue credit - What refers to an imaginary cost representing what will not be received if a particular strategy is rejected ?
A. Opportunity cost
B. Ghost cost
C. Horizon cost
D. Null cost - 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 _________________?
A. 1,033
B. 1,037
C. 1,043
D. 1,053 - A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even ?
A. 2.590
B. 2,632
C. 2,712
D. 2,890 - 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 ?
A. Company value
B. Going value
C. Goodwill value
D. Franchise value
