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MCQs

Total Questions : 932 | Page 91 of 94 pages
Question 901. What is the change in cost per unit variable change called ?
  1.    Variable cost
  2.    Incremental cost
  3.    Fixed cost
  4.    Supplemental cost
 Discuss Question
Answer: Option B. -> Incremental cost
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 902. All the proceeds which are received by the business as a result of the sale of goods is called _________________?
  1.    Net income
  2.    Gross income
  3.    Net revenue
  4.    Total sales
 Discuss Question
Answer: Option B. -> Gross income
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 903. What is a secondary book of accounts, the information of which is obtained from the journal is called ?
  1.    Balanced sheet
  2.    Ledger
  3.    Worksheet
  4.    Trial balance
 Discuss Question
Answer: Option B. -> Ledger
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 904. The original record of a business transaction is recorded in this book_____________?
  1.    Work book
  2.    Journal
  3.    Ledger
  4.    Account book
 Discuss Question
Answer: Option B. -> Journal
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 905. What do you call a one-time credit against taxes ?
  1.    Due credit
  2.    Tax credit
  3.    Credible credit
  4.    Revenue credit
 Discuss Question
Answer: Option B. -> Tax credit
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 906. All are classified under direct labor expenses EXCEPT one. Which one ?
  1.    Inspection cost
  2.    Testing cost
  3.    Assembly cost
  4.    Supervision cost
 Discuss Question
Answer: Option D. -> Supervision cost
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 907. What is a measure of the average speed with which accounts receivable are collected ?
  1.    Current ratio
  2.    Quick ratio
  3.    Acid test ratio
  4.    Receivable turnover
 Discuss Question
Answer: Option D. -> Receivable turnover
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 908. The ratio of the net income before taxes to net sales is called __________________?
  1.    Current ratio
  2.    Inventory turnover
  3.    Profit margin ratio
  4.    Price-earnings ratio
 Discuss Question
Answer: Option C. -> Profit margin ratio
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 909. What is used when a quick estimate of the doubling time for the invested money is needed ?
  1.    Rule of 48
  2.    Rule of 36
  3.    Rule of 24
  4.    Rule of 72
 Discuss Question
Answer: Option D. -> Rule of 72
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 910. What is the increase in the money value of a capital asset is called?
  1.    Profit
  2.    Capital gain
  3.    Capital expenditure
  4.    Capital stock
 Discuss Question
Answer: Option B. -> Capital gain
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

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