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MCQs

Total Questions : 398 | Page 4 of 40 pages
Question 31. Expenditure on research and development (R & D) is categorised as the __________ , while making an estimate of the total product cost for a chemical plant.
  1.    Overhead cost
  2.    Fixed expenses
  3.    General expenses
  4.    Direct production cost
 Discuss Question
Answer: Option C. -> General expenses
Question 32. Pick out the wrong statement.
  1.    Gross margin = net income - net expenditure
  2.    Net sales realisation (NSR) = Gross sales - selling expenses
  3.    At break even point, NSR is more than the total production cost
  4.    Net profit = Gross margin - depreciation - interest
 Discuss Question
Answer: Option C. -> At break even point, NSR is more than the total production cost
Question 33. 'Six-tenth factor' rule is used for estimating the
  1.    Equipment installation cost
  2.    Equipment cost by scaling
  3.    Cost of piping
  4.    Utilities cost
 Discuss Question
Answer: Option B. -> Equipment cost by scaling
Question 34. An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the
  1.    Manufacturing cost
  2.    Depreciation by sinking fund method
  3.    Discrete compound interest
  4.    Cash ratio
 Discuss Question
Answer: Option B. -> Depreciation by sinking fund method
Question 35. The 'total capital investment' for a chemical process plant comprises of the fixed capital investment and the
  1.    Overhead cost
  2.    Working capital
  3.    Indirect production cost
  4.    Direct production cost
 Discuss Question
Answer: Option B. -> Working capital
Question 36. The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the
  1.    Initial cost
  2.    Book value at the end of (n - 1)th year
  3.    Depreciation during the (n - 1)th year
  4.    Difference between initial cost and salvage value
 Discuss Question
Answer: Option B. -> Book value at the end of (n - 1)th year
Question 37. Which of the following is not a current asset of a chemical company?
  1.    Inventories
  2.    Marketable securities
  3.    Chemical equipments
  4.    None of these
 Discuss Question
Answer: Option C. -> Chemical equipments
Question 38. In declining balance method of depreciation calculation, the
  1.    Value of the asset decreases linearly with time
  2.    Annual cost of depreciation is same every year
  3.    Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
  4.    None of these
 Discuss Question
Answer: Option C. -> Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
Question 39. Generally, income taxes are based on the
  1.    Total income
  2.    Gross earning
  3.    Total product cost
  4.    Fixed cost
 Discuss Question
Answer: Option B. -> Gross earning
Question 40. A series of equal payments (e.g., deposit or cost) made at equal intervals of time is known as
  1.    Perpetuity
  2.    Capital charge factor
  3.    Annuity
  4.    Future worth
 Discuss Question
Answer: Option C. -> Annuity

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