Period costs include which of the following?

Related Mcqs:

1. Product costs include which of the following?

   A. Selling expenses
   B. General expenses
   C. Manufacturing overhead
   D. Administrative expenses

2. Which of the following set of ratios is used to assess a business’s ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time?

   A. Liquidity Ratios
   B. Leverage Ratios
   C. Profitability Ratios
   D. Market Value Ratios

   Updated by: Anwar Ishfaq

3. During the accounting period, sales revenue is Rs. 25,000 and accounts receivable increases by Rs. 8,000. What will be the amount of cash received from customers for the period?

   A. Rs. 33,000
   B. Rs. 25,000
   C. Rs. 17,000
   D. Rs. 8,000

4. Which of the following costs are reported on the income statement as the cost of goods sold?

   A. Product cost
   B. Period cost
   C. Both product cost and period cost
   D. Neither product cost nor period cost

5. Which of the following is a series of constant cash flows that occur at the end of each period for some fixed number of periods?

   A. Ordinary annuity
   B. Annuity due
   C. Perpetuity
   D. None of the given options

6. In which of the following type of annuity, cash flows occur at the beginning of each period?

   A. Ordinary annuity
   B. Annuity due
   C. Perpetuity
   D. None of the given options

7. Stakeholders include:

   A. Stakeholders
   B. Creditors and customs
   C. Employees and suppliers
   D. All of Them

8. The techniques which are used to identify financial statements trends include __________?

   A. common size analysis
   B. percent change analysis
   C. returning ratios analysis
   D. Both A and B

9. Cash outflows are costs of project and are represented by___________?

   A. Negative numbers
   B. Positive numbers
   C. Hurdle number
   D. Relative number

10. A modified internal rate of return is considered as present value of costs and is equal to ________?

    A. p.v of hurdle rate
    B. fv of hurdle rate
    C. p.v of terminal value
    D. fv of terminal value