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Engineering Economics MCQs1. First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes? electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now? A. 10 months A. 21 % B. 11 months B. 20 % C. 12 months C. 19 % D. 13 months D. 18 % 2. A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent? 5. Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest? A. 6.89 % B. 6.65 % A. 23.5 % C. 6.58 % B. 24.7 % D. 6.12 % C. 25.0 % D. 25.8 % 3. A feasibility study shows that a fixed capital investment of P10,000,000 is required for a proposed construction firm and an estimated working capital of P2,000,000. Annual depreciation is estimated to be10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P3,500,000. 6. A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period? C. 11.54 % D. 10.29 % 8. A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount? A. 3.67 % B. 4.00 % C. 4.15 % D. 4.25 % 9. It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate? A. 16.02 % B. 16.28 % A. 5,937.50 C. 16.32 % B. 5,873.20 D. 16.47 % A. 28.33 % C. 5,712.40 B. 29.17 % D. 5,690.12 C. 30.12 % D. 30.78 % 4. The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An 7. Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest. A. 12.19 % B. 12.03 % 10. A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually. A. 11.50 % B. 11.75 % C. 11.95 % D. 12.32 % 11. A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified? A. 3.90 % B. 3.92 % C. 3.95 % D. 3.98 % A. 12.07 % B. 12.34 % C. 12.67 % A. P39.01 D. 12.87 % B. P39.82 C. P39.45 D. P39.99 12. Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note. 15. What is the ordinary interest on P1,500.50 for 182 days at 5.2%? 16. A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money? A. 9.01 % B. 9.14 % A. P18,000 C. 9.31 % B. P18,900 D. 9.41 % C. P19,000 D. P19,100 13. Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”. A. 13.15 % B. 13.32 % C. 13.46 % D. 13.73 % 14. The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest? 17. What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. A. 19.61 % B. 19.44 % C. 19.31 % D. 19.72 % 18. What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly? A. 8.07 % B. 8.12 % C. 8.16 % D. 8.24 % 19. Which of these gives the lowest effective rate of interest? A. 12.35 % compounded annually B. 11.90 % compounded annually C. 12.20 % compounded annually D. 11.60 % compounded annually 20. An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest. A. 11.89 % B. 12.00 % C. 12.08 % D. 12.32 % 21. How long will it take money to double itself if invested at 5% compounded annually? A. 13.7 years B. 14.7 years C. 14.2 years D. 15.3 years 22. By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly? A. 11.23 years B. 11.46 years C. 11.57 years D. 11.87 years 23. A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year? D. P37.56 27. What is the present worth of two P 100 payments at the end of the third year and fourth year? The annual interest rate is 8%. B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000. C. P 2,540.56 D. P 2,504.57 34. What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually? A. P693.12 B. P700.12 A. P 150.56 C. P702.15 B. P 152.88 A. P 19,122.15 A. P 7,654.04 D. P705.42 C. P 153.89 B. P 19,423.69 B. P 7,731.29 D. P 151.09 C. P 19,518.03 C. P 7,420.89 D. P 19,624.49 D. P 7,590.12 24. Mandarin Bank advertises 9.5% account that yields 9.84% annually. Find how often the interest is compounded. 28. A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due? A. Monthly B. Bimonthly C. Quarterly A. P 3,260.34 D. Annually B. P 3,280.34 C. P 3,270.34 D. P 3,250.34 25. A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. A. P1,549.64 B. P1,459.64 C. P1,345.98 D. P1,945.64 26. You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank? A. P 62.44 B. P44.55 C. P54.66 29. In year zero, you invest P 10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much in terms of year zero pesos will be in the account at maturity? A. P 15,030.03 B. P 20,113.57 C. P 18,289.05 D. P 16,892.34 30. The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are: A. The construction of the building now to cost P 400,000 By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected? 31. What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %? 35. A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments. A. P 727.17 B. P 717.17 A. P 43,600.10 C. P 714.71 B. P 43,489.47 D. P 731.17 C. P 43,263.91 D. P 43,763.20 32. What annuity is required over 12 years to equate with a future amount of P 20,000? Assume i= 6% annually. A. P 1,290.34 B. P 1,185.54 C. P 1,107.34 D. P 1,205.74 33. A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment? A. P 2,500.57 B. P 2,544.45 36. A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semiannually? A. P 142,999.08 B. P 143,104.89 C. P 142,189.67 D. P 143,999.08 37. A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan? A. P 6,999.39 B. P 212.90 B. P 6,292.93 C. P 236.20 C. P 6,222.39 D. P 231.56 D. P 6,922.93 38. Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year? 42. A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method? A. P 2,000.00 A. P 4,880.00 B. P 2,100.00 B. P 4,820.00 C. P 2,200.00 C. P 4,860.00 D. P 2,300.00 D. P 4,840.00 39. A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment? 43. ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method. A. 3.0% B. 3.4% C. 3.7% B. 8 years D. 4.0% C. 9 years D. 10 years 40. A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond. A. Economic Analysis B. 1.2 hours per unit B. Engineering cost analysis A. P 9,358.41 C. 1.4 hours per unit C. Engineering economy B. P 9,228.45 D. 1.6 hours per unit D. Design cost analysis C. P 9,250.00 D. P 9,308.45 46. The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion. 49. A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. There will be 400 soldered connections. The cost of soldering a connection on the enameled wire will be P 1.65 on the tinned wire, it will be P 1.15. A 100- pair cable made up with enameled wire cost P 0.55 per linear foot and those made up of tinned wire cost P 0.75 per linear foot. Determine the length of cable run in feet so that the cost of each installation would be the same. D. Cash or check 53. What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want? B. 1,040 feet A. Services C. $ 5,025,000.00 C. 1,100 feet B. Goods D. $ 5,050,000.00 D. 1,120 feet C. Commodities D. Goods or commodities 47. 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 50. 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. P 3,927.27 D. 1,053 B. 2,632 C. P 3,729.27 C. 2,712 D. P 3,792.72 D. 2,890 45. 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. C. Foreign exchange D. P 1,155.06 A. 1,000 feet C. 1,043 B. Currency C. P 1,133.78 B. $ 5,010,000.00 A. P 3,279.27 A. Monetary unit B. 1,037 A. $ 5,000,000.00 B. P 1,144.81 52. What is considered as the standard unit which forms the basis of a country’s domestic money supply? A. 1,033 A. P 222.67 A. 1.0 hour per unit A. P 1,122.70 A. 7 eyars 44. An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method 41. A VOM has a selling price of P 400. If its selling price is expected to decline at a rate of 10% per annum due to obsolescence, what will be its selling price after 5 years? What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%. 48. A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand? 51. What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects? 54. What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want? A. Services B. Goods C. Commodities D. Goods or commodities 55. What are the two classifications of goods and services? A. Local and imported B. Raw and finished C. Consumer and producer D. Ready-made and made-toorder 56. What refers to the goods and services that are required to support human life, needs and activities? 61. What is a market situation whereby there is only one buyer of an item for which there is no goods substitute? A. Producer products B. Consumer products C. Luxury D. Necessity 57. What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied? D. Buyer or consumer A. Duopsony A. Monopsony B. Oligopoly A. Perfect competition B. Monopoly C. Oligopsony B. Oligopoly C. Oligopoly D. Monopoly C. Oligopsony D. Oligopsony D. Monopoly 62. What market situation exists where there are few sellers and few buyers? A. Producer products A. Oligopoly B. Consumer products B. Oligopsony C. Luxury C. Bilateral oligopoly D. Necessity D. Bilateral Oligopsony 63. What market situation exists where there is only one buyer and only one seller? A. Monopsony A. Mall B. Monopoly B. Market C. Bilateral monopsony C. Store D. Bilateral monopoly D. Office 59. What is considered as the basic consuming or demanding unit of a commodity? 64. What is the market situation exist when there are many buyers and many sellers? A. Perfect competition A. Seller B. Oligopoly B. Manufacturer C. Oligopsony C. Producer D. Monopoly D. Buyer or consumer 60. What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? 71. What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market? 58. What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security? 66. If there are many sellers and few buyers, the market situation is _________ . 65. If there is only one seller and many buyers, the market situation is ________ . 67. Oligopoly exists when there is/are: A. Few sellers and few buyers B. Few sellers and many buyers C. Many sellers and few buyers D. One seller and few buyers 72. Aside from many sellers and many buyers, which one is a characteristic of perfect competition? A. Few sellers and few buyers B. Few sellers and many buyers C. Many sellers and few buyers B. Law of supply C. Law of demand D. All of the above D. Law of supply and demand 73. What is the opposite of perfect competition? D. Monopoly D. One seller and few buyers 70. What is another term for “perfect competition”? A. Duopsony B. Oligopoly A. Atomistic competition A. Seller C. Oligopsony B. No-limit competition B. Manufacturer D. Monopoly C. Free-for-all competition C. Producer D. Heterogeneous market 76. “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: 69. Duopoly is a market situation where there is/are: D. Ordinary monopoly C. Perfect information and absence of all economic friction C. Oligopsony C. Many sellers and few buyers C. Natural monopoly A. Law of diminishing return D. One seller and few buyers B. Few sellers and many buyers B. Oligopoly B. Bilateral monopoly B. Free market entry and exit A. Few sellers and few buyers A. Monopsony A. Perfect monopoly A. Homogeneous product 68. Duopsony is a market situation where there is/are: output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition. 74. Perfect monopoly exists only if: A. the single vendor can prevent the entry of all other vendors in the market 77. What refers to the need, want or desire for a product backed by the money to purchase it? A. Supply B. Demand C. Product D. Good 78. What refers to the amount of a product made available for sale? A. Supply B. the single vendor gets the absolute franchise of the product B. Demand C. Product C. the single vendor is the only one who has the permit to sell D. Good D. the single vendor is the only one who has the knowledge of the product 75. A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire 79. “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the: A. Law of diminishing return Total fair value B. Ordinary annuity B. T-bills 94. What is the term for an annuity with a fixed time span? A. Annuity C. based on the earning power of equivalent invested funds capital should or will earn? A. The first payment is made at the beginning of the first period. Annuity certain D. Earning value C. A uniform series of payment occurring at equal interval of time is called ______. C.? A. 360 C. Rate of interest D. D. Amortization D. Compound interest is paid on all amounts in the annuity. 365 D. Return of investment B. Annuity due C. What refers to the present worth of all the amount the bondholder will receive through his possession of the bond? D. Ordinary annuity C. Effective rate of interest 93. Rate of return C. A. Tie-up bond D. Compound interest D. Bond D. What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal? A. 300 B. Nominal rate of interest C. Equipment obligation bond C. Necessity C. Stock D. What refers to the cumulative effect of elapsed time on the money value of an event. Joint bond C. Simple interest B. Deferred annuity 97. Stock 81. A. Par value of bond C. 366 83. What type of bond whose guaranty is in lien on railroad equipment. What bond whose security is a mortgage on certain specified assets of the corporation? . A. etc. The difference between the present and future worth of money at some time in the future is called ______. Equipment trust bond 104. Coupon D. Ordinary annuity 100. Annuity due D. B. Mortgage bond B. Annuity due A. flour. Time value of money B. Yield D. Effective rate of interest B. Perpetuity D. Under ordinary simple interest. Securities C. What refers to a document that shows proof of legal ownership of a financial security? A. Annuity due 88. A. Inflation B. What is the type of annuity that does not have a fixed time span but continues indefinitely or forever? C. Bond 92. Economic return 96. Total market value A. wool. Which is NOT an essential element of an ordinary annuity? A. Yield C. Bank notes A. Mortgage bond D. Interest B. What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest? A. What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund? 99. Law of supply and demand D. Compound interest D. how many days in one year? A. Perpetuity 98. Annuity due D. Check 102. A type of bond to which are attached coupons indicating the interest due and the date when such interest is to be paid is called ______. Present worth factor B. Depreciation 87. Deferred annuity A. Trust bond 103. Rate of interest A. Redeemed value of bond D. Interest rate 86. Going concern value B. What is the type of annuity where the payments are made at the end of each period starting from the first period? A. Simple interest 95. etc. What type of bond is issued jointly by two or more corporations? A. Railroad bond B. Registered bond B. Principal C. What refers to the cost of borrowing money or the amount earned by a unit principal per unit time? A. Value of bond 80. What do you call any particular raw material or primary product such as cloth. What refers to the present worth of the probable future net earnings? 91. Rate of return 89. Perpetuity B. 360 C. Bank note C. Utility B. Interest rate C. Deduction A. locomotives. Deferred annuity B. Perpetuity C. 365 D. The payments are made at equal interval of time. Equipment bond D. Nominal rate of interest C. Promissory note 101. Yield rate B. Bond D. A. What is the type of annuity where the first payment does not begin until some later date in the cash flow? B. What refers to the amount of money paid for the use of borrowed capital? D. Ordinary annuity B. Deferred annuity A. T-bills C. One banker’s year is equivalent to ______ days. Depletion C. Face value of bond D. Collateral trust bond 105. What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal? A. Commodity D. The amounts of all payments are equal. What is the type of annuity where the payments are made at the beginning of the each period starting from the first period? B. Bond B. 300 B. Ordinary annuity B. Perpetuity C. coffee. 366 84. such as freight and passenger cars.? 85. Simple interest 82. Law of demand D. Coupon bond C. What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation? A. Discount 90. B. Law of supply C. In SYD method of computing depreciation. A. Failure depreciation 121. C. Call value C. Fair value D. What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset? A. Going value C. Load factor B. which of the following represents the first cost? A. Physical depreciation D. A. Modified sinking fund method D. Depletion B. A. Depreciation D. Sinking fund factor D. In-place value 134. Demand factor C. A bond without any security behind them except a promise to pay by the issuing corporation is called ______. What is defined as the reduction or fall of the value of an asset due to constant use and passage of time? A. the depletion charge is equal to either ______ whichever is smaller. Unit method and percentage method D. Market value C. Franchise value 132. Joint bond B. Collateral trust bond 108. Sinking fund method C. In computing depreciation of an equipment. Fixed percentage of gross income or 50% of the net taxable income C. Initial cost of property divided by the number of units sold during the year C. What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results? A. A. Demand depreciation 119. Material cost B. What refers to the value of an asset which a disinterested third party. D. In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes? A. Sinking fund method 126. Initial cost of property times number of unit sold during the year divided by the total units in property B. due to the gradual extraction of its contents? A. Sum-of-year digit method D. A. The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called ______. Fixed cost C. Discrete method and depletion allowance method 123. 50% of the fixed percentage of gross income or the net taxable income 124. which of the following is the formula in finding the sum of years’ digits? A. Declining balance method 116. different from the buyer and seller. What is another term for “unit method” for computing depletion? A. will determine in order to establish a price acceptable to both parties? A. Straight line method B. Debenture bond C. Mortgage bond D. Initial cost of property times number of units sold during the year D. 117. Debenture bond 106. After-tax recovery 128. Market value C. In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year? A. The price at which the callable bond will be redeemed from the bondholder is called ______. Declining balance method 115. The depletion allowance method of computing depletion is commonly known as ______. Registered bond C. Incorporators bond D. Junk value D. Design depreciation C. Callability C. Good will value D. What type of bond which can be redeemed before maturity date? A. Period recovery D. A. Par value B. etc. Company value B. Book value 130. A. A. Straight line method B. First cost D. Second-hand value 131. Double percentage method B. Under the depletion allowance method in computing depreciation. Recall clause D. Franchise value 133. Demand depreciation 120. quarries. The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______. A. Percentage method C. What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render? A. Modified SYD method 118. Functional depreciation B. Mortgage bond B. Present worth factor 129. A. The functional depreciation is sometimes called ______. What are the common methods of computing depletion charge? A. 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. Security bond D. Declining balance method 114. What is defined as the reduction of the value of certain natural resources such as mines. Registered bond C. Going value C. Functional depreciation B. A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries. Sinking fund method 125. Depletion B. Return clause B. Callable bond 109. Fair value B. Rational method and irrational method B. Book value B. Inflation C. Face value D. B. Fixed percentage of gross income or the net taxable income B. Registered bond B. Callable bond 110. The declining balance method is also known as ______. Physical depreciation D. Preferred bond B. Design depreciation C. timber. Initial cost of property divided by the total units in property 127. 50% of the fixed percentage of gross income or 50% of the net taxable income D. Using factor method. Redemption value 112. What is the feature of some bonds whereby the issuer can redeem it before it matures? A. Joint bond C. The original purchase price and freight charges . Collateral trust bond C. Straight line method B. Factor method D. Goodwill value D. oil. Factor method D. A. Depreciation D. What type of bond where the corporation’s owner name are recorded and the interest is paid periodically to the owners with their asking for it? A. Preferred bond B. Salvage value is sometimes known as ______. In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset? A. Incorporators bond D. A. Deflation 122. Unit method B. Adolescence C. Initial cost method B. the depletion at any given year is equal to: A. Sinking fund method C. Depreciation recovery C. Trust bond D. Sum-of-year digit method D. Call class 111. Conservative method and conventional method C. Demand depreciation B. Percentage method C. Constant percentage method C. A mathematical expression also known as the present value of annuity of one is called ______. Common bond 107. Life depreciation D. Scrap value B. Deflation 113. Sum-of-year digit method D. Inflation C. Asset recovery B. Sinking fund method C. Investment in subsidiary companies C. A. Equity 157. Fixed asset D. buildings. A. Intangible asset 165. Enterprise 149. A. Corporation 146. Enterprise D. The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities C. A. Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ______. Initial taxes and permit fees D. Common stock 155. Corporation 161. Preferred stock C. Presidential stock 156. Trade investment asset C. Lands. The initial deprecation is high D. What is the simplest form of business organization? A. Corporation 148. What is the factor name of the formula [i(1+i)^n]/[((1+i)^n)-1]? A. Partnership D. A. Is an artificial being created by operation of law. Capital recovery C. Corporation D. Sole proprietorship B. Uniform series sinking fund B. What refers to the present worth of cost associated with an asset for an infinite period of time? A. What stock represents ownership and enjoys certain preferences than ordinary stock? A. Annual cost method B. What represents the share of participation in business organizations? A. D. Project cost 139. Yield B. What method is often used in municipal project evaluations where benefits and costs accrue to different segments of the community? A. Which is true about partnership? A. Status company B. A. What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled? A. The partners personal assets are attached to the debt of the partnership D. The initial depreciation is low 143. Present worth method C. Assets D. Corporation D. Sunk cost B. Installation expenses C. Entrepreneurship C. Benefit-cost ratio C. Partnership B. C. Incorporator stock D. Sole proprietorship B. Equity D. In-place value D. The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as ______. Rate of interest cannot be exactly determined C. All of the above 135. Goodwill 163. MARR 140. Capital recovery C. A. The process of determining the value or worth of a physical property for specific reason is called ______. Incorporator’s stock D. The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______. It has a perpetual life. Single payment present worth D. Increment cost C. Entrepreneurship B. Partnership D. Depletion 136. Partnership C. Which is true about corporation? A. Capital B. Funds C. A. What is normally used to compare alternatives that accomplish the same purpose but have unequal lives? A. Double taxation is a disadvantage of which business organization? A. D. Liability 159. Big income C. Known owners D. A. An association of two or more persons for the purpose of engaging into a business for profit is called ______. It will be dissolved if one of the partners ceases to be connected with the partnership. Investment B. Annuity 137. A. being solely responsible for all its activities and liabilities. It is worse type of business organization. Uniform gradient future worth B. What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry? A. Uniform gradient future worth 145. Capitalized cost method B. Furnitures D. Return C. C. Stockholders 153. Which of the following is an example of intangible asset? A. Its life is dependent on the lives of the incorporators. What refers to an imaginary cost representing what will not be received if a particular strategy is rejected? A. plants and machineries are example of what type of asset? A. Single payment compound amount 144. Cash B. Life cycle cost C. Horizon cost D. It can be handed down from one generation of partners to another. Proprietorship B. In case of bankruptcy of a partnership. A. Annual cost method D. Par value 158. Dividend B. Investors C. Valuation C. Assets C. having the right of succession and the process. Franchise B. Economy D. Opportunity cost B. The partners are not liable for the liabilities of the partnership B. Its capitalization must be equal for each partner. B. Preferred stock C. The stock holders of the corporation are only liable to the extent of their investments. Null cost 142. Organization 147. EUAC 141. What is the factor name of the formula (1+i)^-n? A. The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called ______. Partnership C. The partners nay sell stock to generate additional capital 150. A form of business organization in which a person conducts his business alone and entirely for his own profit. The minimum number of incorporators to start a corporation is three. Ghost cost C. Patents 164. Authorized capital stock B. Partnership C. Rate of return method D. Capitalized cost D. What refers to the interest rate at which the present work of the cash flow . Current asset B. Economic return C. B. Infinite cost B. Corporation B. ______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations. Single payment present worth D. A. 151. attributes and properties expressly authorized by the law or incident to its existence. Return D. What refers to the claim of anyone to ownership? A. Equity C. Annual cost B. Life cost D. Partnership C. Property C. Authorized stock B. Liabilities 160. B. Unstable economy B. Dividend B. 152. Earning value D. Cash money and credit necessary to establish and operate an enterprise are generally called ______. Stock D. Sole proprietorship B. Economic life C. Capitalized cost of a project is also known as ______. Proprietorship D. What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for? A. Gain 162. Corporation 154. Share of stock D. Operating cost 138. Net credit sales to average net receivable 189. Amortization C. Insolvency D. Owner’s equity = assets + liability D. All of the above 198. First cost + cost of perpetual maintenance D. Owner’s equity C. Cost of goods sold B. Ledger D. Current assets to current liabilities C. The ability to convert assets to cash quickly is known as ______. the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ______. Net revenue D. Current ratio B. Yield C. Buffer stock D. Capital recovery D. Coupon B. Currency devaluation D. Currency float 183. Ledger system C. Liquidity 195. A. Supplemental cost 169. A. Time deposit B. Compulsory saving B. Capital expenditure B. Insolvency 196. Fixed assets B. Solvency C. Current ratio B. A. Capital recovery B. Variable cost B. What is the basic accounting equation? A. Enterprise D. Testing cost C. Price-earnings ratio 176. What is the change in cost per unit variable change called? A. Stock pile B. First cost + salvage value 187. Overhead cost 168. A. Cash flow C. Capital loss C. What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate. Loss D. Currency devaluation D. Ledger C. All of the above 184. Capital expenditure D. Price-earnings ratio B. Rule of 72 178. Profit margin ratio D. Credible credit D. The financial health of the company is measured in terms of: A. What is an accounting term that represents an inventory account adjustment? A. What is another term for “acid-test ratio”? A. Cooperative B. General journal system 170. A. What is used to record historical financial transactions? A. Nominal interest C. Deficit 180. Economic return 188. Acid test ratio D. The ratio of the net income before taxes to net sales is called ______. Withheld stock 194. Current ratio C. Currency appreciation B. A. Solvency B. What is the reduction in the money value of capital asset is called? A. The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold. Incremental cost C. T-bill C. Annuity factor 186. Effective interest D. What is another term for “current assets”? A. Quick ratio C. A. Quick assets 190. Gross margin 199. Liquid assets D. Profit margin ratio D. Return of investment 166. A. Rule of 24 D. Assets = liability + owner’s equity B. Supervision cost 174. Which one? A. Due credit B. Earning value 185. Gross margin is the ratio of the gross profit to ______. All are classified under direct labor expenses EXCEPT one. Leverage D. Annual cost – interest of first cost C. What refers to the negotiable claim issued by a bank in lien of a term deposit? A. What is a measure of the average speed with which accounts receivable are collected? A. A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ______. The flow back of profit plus depreciation form a given project is called ______. Relative risk D. The ability to meet debts as they become due is known as ______. Worksheet D. Economic return B. Currency appreciation B. Assembly cost D. Capital gain certificate D. American dollar or the British pound) is known as ______. All the proceeds which are received by the business as a result of the sale of goods is called ______. Economic return D. Currency float 182. Partnership 193. What is a government bond which has an indefinite life rather than a specific maturity? A. Capital gain C. Annuity B. Market price per share to earnings per share C. The common ratio is the ratio of: A. 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. Inspection cost B. The original record of a business transaction is recorded in this book. As applied to capitalized asset. Profit margin ratio D. Total sales 173. Cost of goods sold to average cost of inventory at hand D. Receivable turnover 175. Net sale B. Net income B. Hoard stock C. Account book 172. Gross income C. Net income to owner’s equity B. Liquidity B. Revenue credit 177. A. What is the increase in the money value of a capital asset is called? A. Non-liquid assets C. Return on investment ratio is the ratio of the: A. The true value of interest rate computed by equations for compound interest for a 1 year period is known as ______. Current ratio B. Capitalized cost of any structure or property is computed by which formula? A. Rule of 48 B. What is used when a quick estimate of the doubling time for the invested money is needed? A. Ccash 167. Liability = assets + owners’ equity C. Fixed cost D. Journal C. Liquidity C. Trial balance 171. Consol 192. What is an index of short-term paying ability? A. Currency depreciation C. A. Inventory turnover C. Inventory turnover D. Profit B. Work book B. Bookkeeping system B. Price-earnings ratio 191. Quick ratio C. Consumer saving C. Expected return B. Balance check D. Corporation C. Rule of 36 C. Forced saving D. Cost accounting C. A. A. Certificate of deposit 181. Leverage C. Tax credit C. What do you call a one-time credit against taxes? A.on a project is zero of the interest earned by an investment? A. Balanced sheet B. Standard cost D. Currency depreciation C. Solvency B. Gross profit to net sales . What is a secondary book of accounts. Capital stock 179. Owner’s equity = liability – assets 197. What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save? A. First cost + interest of first cost B. Debenture D. Net credit sales to average net receivable B. the information of which is obtained from the journal is called? A. Rate of return D. Bond C. Return on investment B. Return of an investment B. The ratio of cost goods sold to average cost of inventory on hand 207. The ratio of cost of goods sold to average cost of inventory on hand 210. What is defined as the length of time usually in years. The ratio of common shareholders’ equity to the number of outstanding shares D. What is a method of determining when the value of one alternative becomes equal to the value of another? A. Cost of goods sold to average cost of inventory on hand D. What is an inventory turnover? A. Book value per share of common stock D. Check D. Profit margin ratio B. What is the profit margin ratio? A. Ordinary annuity b. Corporation D. An annuity whereby the payment is postponed for a certain period of time is? a. Law of supply C. 365 / inventory turnover D. Gross margin B. The discount of one unit of principal for one unit of time. It is one that calculates a depreciation amount lesser than a straight line amount C. Profit margin 224. Law of supply and demand 221. Coupon 220. Which of the following is an accelerated depreciation method? A. Gross margin B. The ratio of gross profit to net sales C. Acid test ratio C. a. A. 365 / inventory turnover D. The ratio of the net income before taxes to net sales B. What is the ratio of the net income to owner’s equity? A. Profit margin ratio B. for cumulative net annual profit to equal the initial investment? A. Sales discount 227. Specific identification method B. The days supply of inventory on hand is calculated using which formula? A. Price-earnings ratio C. Return of investment ratio D. Incremental value method 212. Cartel C. A. The ratio of gross profit to net sales C. Nominal discount c. Average cost method C. Inventory turnover 205. Quick ratio 201. 365 / average cost of inventory on hand 213. The ratio of common shareholders’ equity to the number of outstanding shares D. Black market D. Straight line method and sinking fund method B. Price-earnings ratio C. Inventory turnover 206. What is the ratio of the market price per share to the earnings per share? A. Competitors 219. 365 / receivable turnovers B. Return of investment ratio C. Return on investment D. Numeraire D. Effective interest 229. increasing the other factors of production will result in a less than proportionate increase in output”. Depreciation 218. Cartel B. The paper currency issued by the central bank which forms part of the country’s money supply is called ______. Which of the following is a book value share of common stock? A. Deferred annuity d. Average age of receivables 203. Nominal interest c. Debenture b. 365 / average cost of inventory on hand 211. Value of an investment C. Law of demand D. The ratio of cost of goods sold to average cost of inventory on hand 209. A. The ratio of net income before taxes to net sales B. Actual discount d. Price-earnings 223. Porcupine 226. What is an accelerated depreciation method? A. The ratio of gross profit to net sales C. The ratio of cost of goods sold to average cost of inventory on hand 208. Receivable turnover B. Payback period 214. Market price per share to earnings per share C. a. Moratorium B. Term of an investment 215. D. What refers to the ration of the net income before taxes to net sales? A. Break-even period D. Receivables turnover C. Net credit sales to average net receivables B. The ratio of common shareholders’ equity to the number of outstanding shares D. Profit margin 222. What is a measure of the average speed with which accounts receivable are collected? A. It is one that calculates a depreciation not in any way related to straight line amount 217. Deflation B. Quick ratio 202. Book value per share of common stock D. Arbitrage C. Return of investment period B. A. Collateral d. 365 / average net receivable C. What refers to the buying or selling of goods between two or more markers in order to take profitable advantage of any differences in the prices quoted in these markets? A. Profit margin D. Straight line method and double declining balance method C. Suspended annuity c. It is one that calculates a depreciation amount equal to straight line amount D. Turnover period C. “When one of the factors of production is fixed in quantity or is difficult to increase. Return of investment ratio D. Double declining balance method and SYD method D. Inflation C. Rate discount b. Profit margin ratio B. Break-even analysis D. Escrow C. Inventory turnover C. What is the ratio of the net income to owner’s equity? A. 365 / receivable turnovers B. Net income to owner’s equity 200. Inventory turnover B. Simple interest d. The ratio of net income before taxes to net sales B. Price-earnings C. A bond where the security behind it are the equipment of the issuing corporation. What is the ratio of the quick assets to current liabilities? A. SYD method and sinking fund method 216. T-bills B. Price-earnings ratio C. 365 / average net receivable C. It is one that calculates a depreciation amount greater than a straight line amount B. Bank notes C. Devaluation D. Breakeven point of an investment D. What is the ratio of the market price per share to earnings per share called? A. Common shareholders’ equity to number of outstanding shares 204. Compounded interest b. A priori 225. Book value per share of common stock D. The average age of receivables is computed using which formula? A. What refers to the reduction in the level of a national income and output usually accompanied by a fall in the general price level? A. Annuity due 228. Return of investment ratio D. What is a gross margin? A. Monopoly B. What is defined as the current assets minus inventories and prepaid expenses? A. The ratio of net income before taxes to net sales B. Receivable turnover is the ratio of: A. The actual interest earned by a given principal is known as? a. Law of diminishing return B. A formal organization of producers within an industry forming a perfect collusion purposely formed to increase profit and block new comers form the industry is called ______. What is defined as ratio of its return to its cost? A. Mortgage c. The ratio of common shareholders’ equity to the number of outstanding shares D. The ratio of gross profit to net sales C. Lien . The suspension of repayment of debt or interest for a specified period of time is called ______. a.00 after the bank collected the advance interest and an additional amount of P85. P 1. P 1000 is deposited in a bank at 7% interest. 000. Competition d.000 C. P 765 c.43% C.50 b. Straight line method D. What was the rate of interest that the bank collected in advance? A. P5124. He received only the amount of P21. a.60 d. 000 with i=5% a. P 220. How much will be due at the end of 75days? A. a. Determine the yield at this price. P 1. 720. Which of the following depreciation methods cannot have a salvage value of zero? A. Bautista will receive at the end of the month? . P4186.18.62 c.325. Rate of return b. Determine the simple interest rate and the corresponding discount rate or often referred to as the “Banker’s Discount”. Fair value b. 13. Utility value b. The amounts of all payments are equal.64% B.28% .50 242.340. Bautista made a money market placement of P1. P18.51 243. 219. Straight line method B. P 5. Variable cost 236. Karen was granted a loan of P20. 17. Resale value b. Oligopoly c.73% B. The exclusive right of a company to provide a specific product or services in a given region of the country. Annuity is required over 10 years to equate to a future amount of P 15.800 B. Law of supply and demand 239. Capital cost 240. 39. a. P 242. The payments are made at equal interval of time. What is the equivalent uniform periodic payment if interest is 5%? A.33% 254.915.43 257.25% .000 on the third year.00 for notarial and inspection fees. 912.00 for a period of 1year. Annual cost pattern c. Compound interest is paid on all amounts in the annuity.000 by her employer CPM Industrial Fabricator and Construction Corporation with an interest at 6% for 180days on the principal collected in advance. A.000 D.54 D. It is the worth of a property as shown on the accounting records. Sinking fund method C. P 1. 7.37% D.000 for 30 days at 7. He received from the bank P1.000 on the first year. J. assuming that nothing was deposited after the initial deposit? a. 437.00 and promised to pay P1.230. An amortization of a debt is in a form of a gradient series of P5.68 D.63 b.11% B. Mr. D. Sinking fund method C. if it bears 12% ordinary simple interest? a.47 B. a. Market value c. 12. P4. P 5. A method of depreciation where a fixed sum of money is regularly deposited at compound interest in a real or imaginary fund in order to accumulate an amount equal to the total depreciation of an asset at the end of the asset’s estimated life.12 248.31% 252.259. Devaluation d. The corporation would accept a promissory note for P20. Sinking fund method C. P4133. Present value c. If discounted at once. If the fund earns 9% compounded annually. P4. A. 427. Resale value 238. It is the sum of the first cost and the present worth of all costs or replacement. 39. Declining balance method D. 7. 13. It is usually determined by a disinterested third party to establish a price good enough to both the seller and the buyer. Salvage value d.95% .30% C.000 each year as a fund for expansion. determine how long will it take before a building costing P 3. 37. Declining balance method B. Monopoly b. P3. The decrease in the value of a property due to gradual extraction of its contents. B. Since you have to pay the amount of P80000 one year after. Face value c.92% . What is the value of the money after 25 years.61 d. Depletion c.400 256. 4. A. 000 can be built? a. P 675 d. It is the practice of almost all bank in the Philippines that when they grant a loan. P18. Perfect competition c.51% D. what then will be the effective interest rate? A. P 5.33% C.32% 255.500 on the second year. Find the rate of interest. 10. P5625. 40. Franchise 235. 247. 7. 19. Depreciation b.43 B. P 576 244. P 222. Written value 232. Open market d. Occurs when a commodity or service is supplied by a number of vendors and there is nothing to prevent additional vendors entering the market. P19.48 % c. operation and maintenance.68 % b. Present worth pattern d. Book value d.51% D. Deviation 233. a. 921. Safe value 234. the interest for 1 year is automatically deducted from the principal amount upon release of money to a borrower. A debt of P 1000 is to be paid off in 5 equal yearly payments.43 d.46 % 245. P 224. SYD method 250. What should be the amount of each payment? a.34 years b. 247. Free market b. 192. 16. a. P4000 is borrowed for 75days at 16% per annum simple interest. If it is sold now at P 1. A. a. P4. Total cost b. Branch c.75 c.280. In making economy studies a minimum required profit on the invested capital is included as a cost. A P 1000-bond which will mature in 10 years and with a bond rate of 10% payable annually is to be redeemed at P 1040 at the end of this period. 8. Declining balance method D. find the proceeds in the note.500. SYD method 249. P4. 17. P 756 b. Mr. 38. A method called as __________. A. P 1.18. Outlet b. The first payment is made at the beginning of each period.31% 253. P4. Characterized by a few supplies of a product/services that the action by one will almost inevitably result in the similar action by the other. 16. A method of depreciation whereby the amount to recover is spread uniformly over the estimated life of the asset in terms of the periods or units of output. Common value d. Straight line method B.21% C.17 C.33 C. If withholding tax is 20%. A company sets aside P 300. C. Collateral b. P 5.378. 13. 6. a. Extension d. P4.28% B. 8.44 years c.12% D. Mortgage d. Capitalized cost c. Necessity 231. Let us therefore assume that you applied for a loan with the bank and the P80000 was approved at an interest rate of 14% of which P11200 was deducted and you were given ac check of P68800. Dela Cruz borrowed money from the bank.000. Bond c.65 241. what is the net interest that Mr. What is the interest due on a P 1500 note for 4 years and 3 month.5% per year. 7.120. 38. 13.000 non-interest for 180days. P18. A certificate of indebtedness of a corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of the corporation or its subsidiaries.57 b. SYD method 251.54 years 246. A man borrowed from the bank under a promissory note that he signed in the amount of P25000. Which is NOT an essential element of an ordinary annuity? A.64 % d. 15.20 years d. What the property is worth to the owner as an operating unit.00 at the end of 9 months.500 on the fourth year. A price tag of P1200 is specified if paid within 60 days but offers a 3% discount for cash in 30 days. a. a. each combining an amortization installment and interest at 4% on the previously unpaid balance of the debt. Initial cost d.34 c. Contract 237. 25% 260. P163.4% B. What is the rate of interest if it is compounded quarterly? A. A man borrowed P2000 from a bank and promise to pay the amount for 1year. P76.83 272. P200. A man borrows money from a bank which uses a simple discount rate of 14%.498. What was the rate of discount and the rate of interest that the bank collected in advance? A. P13.90% 282. P178.000 at the end of 90days. 9.6% D. P200.28% C.000 D. P14.311. P938. P1102. 12.675. P260. Determine the amount of money that he received from the bank. 64.000 B. P7500 C.000 in 8 years.28 269.36 years 283. A. P92.123. 21.20% C.68 B. 18.200 B. How many years will P100.97 years B. He received only the amount of P1. 15. compute the equivalent nominal annual interest compounded continuously. and 7th month respectively.75 C. P13.439. 16. P46.60 C. 10.000 258.000 was made for 31days.40% D.03% C. 277.17% D. 12.56 C. How much should he invest in a fund that will pay 6% compounded continuously? A. 19.000 B.893 D.25% D.33 268. Find the rate of interest. A. P29. P6. 3. 12. compute the effective annual rate if interest. A.34986? A. P67. P183.000 earn a compound interest of P50.270. He was offered a 10% discount if he pays in 30 days.2 years D.37 B.2 years B.000 which is due at the end of 7months.513.34 years D.362. P6750 D.37 273. 7% B. A nominal interest of 3% compounded continuously is given on the account. charges 1. P45. P36. 20. 65. 3. 2.75% .789 263. Find the rate of return annually.36 C.318. At what rate is the buyer paying simple interest if he agree to pay at the end of 120days? A.26 C.5% interest per month. 23.8% C. 19. 8.10% D.785.28% D. P13. A. American Express Corp. A man is required to pay P200 at the end of 160 days or P190 at the end of 40 days.71% C. Find the time required for a sum of money to triple itself at 5% per annum compounded continuously.23 years C. What is the equivalent rate if it is compounded quarterly? A. P180.10 B. 7. A.34 years D. 12.421.4% B. 4% D. Avila discounts the note at the bank whose discount rate is 6%.37 C. A certain amount was deposited 5 years and 9 months ago at an interest of 8% compounded quarterly. 14. P500. How will it take a money to double itself if invested at 5% compounded annually? A. the sum of P2000 is left to a girl to be held in trust fund by her guardian until it amount to P50000. P15.17% B.614.00 per month at the end of 4th. 18. 9. What does he receive? A. 1996. how much was the amount deposited? A. 4% .86 years C.28% B. A man wishes to have P40. If the effective annual interest rate is 4%.34 B. 4. 10% 278.859.76 267.29 D.75 D. What is the highest rate. 21. P3. P30. Avila and signs a note promising to pay the principal and accumulated simple interest at the rate of 5% at the end of 120days. P44. The amount of P12800 in 4years at 5% compounded quarterly is _____. P1403.958.000 For Problems 277-279: When compounded Bi-monthly. find the present worth of P50.80% C.6% B.000 was deposited at an interest of 6% compounded quarterly. A. 11.265.500. 7. 25.200 due at the end of 100days but offers a 4% discount for cash in 30days. 3% . 3% B.42 284. 5% 275. 7. If the nominal interest is 12% compounded continuously. 10. A man expects to receive P25.751. P13. P13. What is the nominal rate of interest? A.03% B. P28.38 D.6% 265. 3. simple interest at which the buyer can afford to borrow money in order to take advantage of the discount? A.000 D. A deposit of P110. P6350 274. 8% B.6% D. On May 15.03% 279. If the sum now is P315.28% 280. 3. P240. BY the condition of a will.45 years 271.25. P1030.25 years B.379. What is the nominal rate of interest compounded continuously for 10 years if the compound amount factor is equal to 1. On March 1. A. 4. A. A. P1340. compounded continuously on the unpaid balance purchases made on this credit card. P158.10 D.29 D. If the nominal interest rate is 3%.92 C. 4.95 262. 3% . 20. 15. 5. 1996 Mr. 67. A.847. Compute the effective annual interest rate which is equivalent to 5% nominal annual interest compounded continuously. P13.57 years C.33 D. Sarmiento obtains a loan of P1500 from Mr.20 261. 19. Compute the compound interest after 4 years and 9 months. P1.71% 264.36.37 C.59 D.92% B.2 years C.4% 259. 6th. 9% C. If you borrowed money from your friend with simple interest of 12%.468.000 C. In buying a computer disk. 3.16 270.729 C. 32% B. P24. P46. 13.67 B. P1.864. 4. P13.48 B.610. P16.25 B. Compute the effective rate of interest. 21. Determine the rate of interest. 6% D. P4. P5. 5.4% 266. 11.000 if the interest rate is 9% compounded quarterly? A. 4.90% 287.72% B. A.920 after the bank collected an advance interest of P80.85.9% C. 19.000 was deposited for a period of 4 years and 6 months and bears on interest of P85649.00. An engineer promised to pay P36. A. What is the effective rate if it is compounded quarterly? A.44 D. 8% D. The net interest after deducting 20% withholding tax is P890.201. 7% C. 18. the buyer was offered the options of paying P250 cash at the end of 30days or P270 at the end of 120days.11 years 276.09% 285. 4. He signs a promissory note promising to pay P500. how much is P5000 worth in 10 years in a continuously compounded account? A. Mr.37 D.94% D. 5% C. A. P13. What is the accumulated amount of P10. 4.000 after 10 years? A.34 B.6% C. P15000 becomes P22.23 C.000 in a certain fund at the end of 8 years.12 B. 5. P5750 B. When will the girl receive the money of the fund is invested at 8% compounded quarterly? A.26% C. 10.000 C. 66.475. A. 10. A bill for motorboat specifies the cost as P1. 8. 28% C. Compute the discount if P2000 is discounted for 6 months at 8% simple interest.03% D.30 after 5years.2years 281.98 years B.55 years D.13% B. 4% . 11. 6% 286.6% D.327. P15. P2. How much is that worth now considering interest at 8% compounded quarterly? A. y) if P/F compounded bi-monthly is equal to 0.40% C. 6% 302. B. 11. A.18 years D.267.00% C. P274.15 For Problems 315 .55% 288.42 D. and the equivalent rate of interest if it is compounded quarterly. 11.90% 290.28 B. 0. If it was made at 16% compounded continuously.24% D. P519. P705.92 B. 15. P17. 4 years 303. 1. 12. A. 7 years B. P459. What is the difference of the amount 3 years from now for a 10% simple interest and 10% compound interest per year? (P5000 accumulated) A.000 D.55 yrs D.25 289.492.283. P507. 6% 304.962 294. 11.06% D.25 years B. P14.67 yrs .6187835? A. 11. P5.24 D.242. 8.2 yrs . How long would it take in years for the amount of the loan and interest to equal P3280 if it was made at 8% simple interest.616783 307. P17. 5 years C.00 C. How long would it take in years if it was made at 8% compounded quarterly. The interest has an accrued left for another 8 years. P6.25. 5% C. A. 6% C. 5.51% B.94 D. Compute the equivalent present worth factor if it is compounded continuously.242.242.616% .95 301. A.292 C.000. 16.24245 306.42% B. 1. P155 B.60844 B.00 B.6 yrs . 1. P247.724% C.42 293.242. 7. 11.67 yrs . P17. 6% 305.70241 C.46 C. P14.96% 317. 7% D.000.00 C. 7.623% . 315. P78.01 C.96% 316.21 D. If the effective rate is 24%. What is the nearest value of the interest rate? A. 312. 7. (F/P. P524. 1.96 D. 8 years D. If money is worth 8% compounded quarterly.25% C. A.48 C. 7.314: An amount of P50.233.00% B.612226000 319.24% D. 298.33% if it is compounded continuously.26% D. 5.214359 D. P750. 7. What is the actual rate of interest? A. 5% C.62172 D. 1. A man loan P2000 from the bank. P425. 8. 7% 291. And 6 months and bears on interest of P85.000 299. compute the nearest value of the rate of interest for that period.00% C.000 is discounted for 6 months at 8% compounded quarterly.25 years D. and compounded continuously? A.00 C. 8. 7. Find the value of y. P16. A.35% D. 3. 1.492. What is the nominal rate of interest if it is compounded quarterly? A. A. 6) if F/P compounded quarterly is equal to 1. same C. 8% B. 4% B.787566. 0.06% . 6) if it is compounded semi-quarterly. 8% D.24282 D. 11. 10. What is the nominal rate of interest compounded continuously for 8 years if the present worth factor is equal to 0. 11. what nominal rate of interest is charged for a continuously compounded loan? A. Find the discount if P2. 7% B. 6. 0. 11.787566127 D. P15. 18. Compute for its compound interest if it is invested at 10% compounded annually. An amount of P1000 becomes P1608.24% D. 0.53162 297. P15. 23.487887. 21.00 D. 8% D.87 B. 8% D. 6 years 308.64 B.94 D. 8. 0. 8%. P507.000.00% B. Find the rate of interest if compound amount factor compounded bi-monthly for 5 years is equal to 1. 8.000 D. How long would it take your money to double itself if it is invested at 6% simple interest. 4) if it is compounded bi-monthly.000 was deposited for a period of 4 yrs. 12.00 B. 7% B.15 313. P14.44 after 4 years compounded bi-monthly. 1. 12. P16.249347 B. A.317: P200. 8. Find the nominal rate of interest. 6%.44 300.67 yrs . P507. A. A.94 D. 7% D. the effective rate of interest.333 B.000 B. 1. Compute its interest if it is invested at 10% compounded continuously. (P/F. Compute the difference in the future amount of P500 compounded annually at nominal rate of 5% and if it is compounded continuously for 5 years at the same rate. What is the value of (P/F. P76.6 yrs . x.000 C.612226. 21. 7. 7% B. If a sum of money triples in a certain period of time at a given rate interest.42 C. at which time the principal is withdrawn. 6. 8% 296. A man loan P2000 from the bank. what will be the withdrawn amount at the end of the 16th year? A. 6% 295. P265. 0. 12% . A. P407.923. 0. A.300: Compute the interest for an amount of P200.00% C.24532 C. If it was made at 16% compounded bi-monthly.93% 311. A.664% . If the single payment amount factor for a period of 5 years is 1. If the effective annual interest is 5%.61607 B.462. 11. How long would it take in years if it was made at 8% compounded continuously.365. What is the equivalent nominal rate if it is compounded semi-quarterly? A. 5% C.45 yrs For problems 312 . compounded semiquarterly. Compute its interest at the end of 3 years if it is invested at 10% simple interest. P50 292. 11.550. Find the value of x. P3.18 years C. 1. 7. 5 years C. A sum of P1.550. If it was made at a simple interest rate of 16% . 8. P80. A. 1.524273541 B.96% 318. 5% D. P100 D. 8.18 years 310.659. 6 years D. Compute the equivalent compound amount factor if it is compounded continuously. A.07 For problems 298 .15 314. 12. 5% D. A. A.243248 C.000 for a period of 8 years. 5% C. What is the value of (F/P. Compute the nominal rate for a period of 6 years for an effective rate of 8.33822. 17. compute the single payment amount factor for a period of 6 years. P4. 6%. A man loan P2000 from the bank. A. .42 B. 0.000 was invested for 3 years. A.000 is invested now and left for 8 years. 11% .492. 11.327. P15. 1. A. 11.25 years 309. A.67 yrs .24 yrs C.66 C. P77.487886717 C.05 yrs B. 7 years B. P507. compute the value of the single payment present worth factor. 12. P16.2 yrs . P256.550. P422. 22.00% B.18 years B.00 B.58201. 12% . 11% . 12. If the single payment present worth factor for a period of 8 years is equal to 0. 6% B.25 years C. A. 14.21% D. A. 5. A. P30.00 for one year from a friend at an interest rate of 1. 9. 8.87% 329. Money was invested at x% compounded quarterly. 330. 6% D. After exactly 5 years.23 years D.214.24 B.8% 341. How much is he going to pay at the end of 5 years if it was made at 12% compound continuously? A. 7. 327? A. 8. pay P85 more if you borrowed from the bank D. 7. 14.24% B.36% D.12% 336. Money was invested at x % compounded quarterly.243. 321. P72. It takes 20. What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. P907.) What is the effective rate if it is compounded continuously? A. 11. The effective rate of interest of 14% compounded semi-annually is: A.64 years 335.475.059. 1.60 334. 8. 324? A.5% per month instead of taking a loan from a bank at a rate of 18% per year. 0.5 years.374. A.) What is the value of the compound amount factor if it is compounded continuously? A. P823.424231 C. 6. 7. 18.12% B.43% D. 18.000 was placed in a time deposit which earned 9% compounded quarterly tax free. 7. 8% B. 1. 1. A.01 343. 12.09 D.536.00% B.00 B. 4.33% B.46% C.726419 D.88% 345. if the principal and interest were not withdrawn during the period.000? A. 0.242. Which of these gives the lowest effective rate of interest? A. P44.370. 5. 3. 6.39% D. tax free for 9 years and 3 months.612226000 For Problems 321 .000.000. 4.2% compounded quarterly C.122416 323.059. 6% D. P200. If P1. P907.00 B. 19. find the value of x.21 332. It takes 13.086. Convert 12% semi-annually to compounded quarterly. 3. 4. Fifteen years ago P1. 0.726149 324.655. P30.00% B.02% B. 6. If it takes money to quadruple in 17. 4. 5% 338.24 D.78% 328. P71. P44.20 C.5% B.000 in a certain bank earns 6% interest per annum compounded monthly. what is the nominal rate of interest? A. 5% B.009. 9. How much is he going to pay at the end of 5 years if it was made at 12% simple interest? A.21 333. 8% 339.059. A.500.23% B. The amount of P50. You borrow P3. 8. what would the net value of the deposit be after three quarters? A. What is the equivalent nominal rate if it is compounded quarterly of problem no. An initial savings deposit of P80.000. 4. 5.5% per annum.000 becomes P1.5 years. 19. P800. 7% C.72% 347. What is the value of x? A.56 years B. 5% 340. P95. P800.126. How much is he going to pay at the end of 5 years if it was made at 12% compound semi-quarterly? A. 1.000 was deposited at 6% compounded quarterly. What is the corresponding effective interest rate of 18% compounded semiquarterly? A.612226000 320. 8% B. 9.000 from a local bank that charges an interest rate of 12%.00 B.94% C.24 C. 7. 11.444.35% C. How much interest was earned at the end of the period? A.92% D.00% C.97% and 3.09 D. 3.) What is the equivalent rate if problem no. save P55 by borrowing from your friend C. P800. 19.000.487886717 C.49% B.32% D.332: A businessman loaned P500. Compute the value of x.20 C.243.272441 C. P911. P56244. What was the interest rate paid on this account? A. P78.324.33822. 0.30% and 2. 7.92% C.23% B. 9. 7% C.68 C.67% C. P68743.377128 B. 1.15 years to quadruple your money if it is invested at x% compounded semi-annually.) What is the actual interest rate of problem no.00% and 3.214212 D.546.92% C. If the single payment amount factor for a period of 5 years is 1. 0.60 C.21 331. P823. 0. determine the nominal rate and the corresponding effective rate.87 years to treble the money at the rate of x% compounded quarterly. 3. 0.524273541 B.9% B.23 D.243.24% B. 8. 14. If the earnings from the deposit are subject to a 20% tax. 1. pay P155 more if you borrowed from the bank B.29% and 4. P82938.6% compounded monthly 337. 5. 19. 14. P30.9% compounded semiannually D.75 344.09 D. Compare how much money you will save or lose on the transaction. 7. If it takes the money into quadruple in 17.0% C.009.24% C. find the value of x.95% .49 after 4 years when invested at a certain nominal rate of interest compounded semiannually.009.95 B.787566127 D.35% B. P33.781.524273541 B.00 was deposited in a bank account. 8. What is the single payment compound amount factor for 8% compounded bi-monthly for 5 years. A. Find the present worth of a future payment of P1000.000 to be made in 10 years with an interest of 12% compounded quarterly. A. A.25% B.8% D. After how many years would it be able to earn a total interest of P50. 6.35% compounded annually B. 6. P907. P100. P823.92% 325.90 C.48% D. 327 is compounded daily? A. P60.56% D.24% D. A. 6% D. 7. A. P911.92% D.83% 349.93% 322. 5.93% D. 0. 11.000 was deposited in a bank earning an interest of 7. What is the value of the present worth factor if it is compounded continuously? A.92% D. 7% C. 1. 18.00% C. 272441 B. 2. 14.787566127 D.323: If money is invested at a nominal rate of interest of 8% for a period of 4 years. P43.28 D. 5. Determine the total amount at the end of 5 years.09% 326.215.00 D.76% C.20 C.33% C. save P95 by borrowing from your friend 342. the total interest earned was P120.87% 327. P43. A.45 years C. P911.44 B. What is the effective rate of interest if it is compounded semi-annually of problem no.24% C. 6.000. 8. P70.487886717 C.87% For Problems 330 . 18.24% D. 3. 23. 1. and today it is worth P2.10% C.95% 348. A. Find the value of x.000. 19. 324? A.00. 8. 6. The bank pays interest semi-annually. 12.000 was placed in a time deposit at x% compounded quarterly and was free of taxes.34 346.47 B. P15. A machine has been purchased and installed at a total cost of P18. At the end of its estimated useful life of 10 years. He spent an additional amount of P30. P291. The book value at the end of x years is equal to P38.000 D.382.000. P4. P15.) The inflated present worth of P2000 in two years is equal to P1471.355.15 years 153. P3. P110.712. If the book value at the end of 5 years will be P291.000 370. P16. How much would the sum be on Jan. If the book value of the equipment at the end of the 3rd year is P242. The cost of the printing equipment is P500. P1. 12% rate of interest can take care of the cost of money and inflation.84% annually. P900. P6000 B.653.000 at the end of its useful life of 6 years. P132. 5. determine the compounded interest after 7 years and 9 months.00 C.400. A man bought a government bond which cost P1000 and will pay P50 interest each year for 20 years. P1.000. P7000 D.170 D. 16.7% C. what interest rate will take care of inflation and the cost of money? A.289. What is the value of x using the straight line method depreciation? A.500 at the end of its life. P6.250. P125.00 360.350. P15. P700. 15. Other expenses including installations amounted to P30. P1.000 D. A certain equipment worth P570. it renews the loan for the amount due plus P4. P421.00. A marketing company established a program to replace the cars of its sales representatives at the end of every 5 years. If the present price of the approved type of car is P520. Its estimated economic life is 10 years after which it will be sold for P1. 10 years B. 5% D.94% B.769.39 D.00 B.432.300.40 B. P8000 C. the average annual inflation is 6%. P242.16% D.686 C. compute the useful life of the equipment in years. P15.00 in a 15% security for 5 years. solve for the value of x. 6% B.833.what is the first cost of the machine? A.185.242 D.005.27 C. quarterly C. The bond will mature at the end of 20 years and he will receive the original P1000. P155. Determine the total depreciation after 3 years. P13. P670.170? A.000 and the cost of installation is P30.030. P125.000. 15 years 371.000 C. P53. P50.25% compounded monthly. 6 years C. P12.33.51 B.53 C. If an average annual rate of inflation of 3% is anticipated. 5.000 more for 3 years at 12%. If the salvage value is 10% of the cost of equipment at the end of 5 years.000. A couple borrowed P4.30 B. An engineer bought an equipment for P500. A.024.15 years C. 26. The cost of equipment is P500.1988 at an interest rate of 24% compounded semi-annually. A machine has a salvage value of P12. determine the salvage value of this equipment at the end of 5 years. A. P1. Using straight line method of depreciation.000 C.000 C. How often is the interest compounded? A.20 C. P18. A bank is advertising 9. at which time it is expected to have a scrap value of P2.010. In year zero.000 from a lending company for 6 years at 12%. P9000 366. A manufacturing plant was built at a cost of P5M and is estimated to have a life of 20 years with a salvage value of P1M.000 B. P135. 3 years D. what is the rate of inflation? A.5% accounts that yields 9.000 and the cost of handling and installation is P30. Use straight line method. Using Constant Percentage Method A. What is the rate of inflation if the interest rate is equal to 10%? A.07. A.76 D.4% 361. you invest P10. How much. daily 357.64% 364.000.6% B.750. A small machine costing P80. A printing equipment costs P73. A. cost of money is 10%. 1993? A. If P500.600 For Problems 172-174: The first cost of a machine is P1. 7% C.400 .24 B.386. The book value at the end of the 4th year is P22.000. A.000 for installation and other expenses. 3. P14.16% 362.30 years D. 5 years C. 372. A.00. If the nominal rate of interest is 6%.) If P5000 shall accumulate for 10 years at 8% compounded quarterly. The machine will be retired at the end of 5 years.592 355. P800. 1.000. If the inflation rate is 6%. determine the book value at the end of the fourth year. Using straight line method of depreciation. P214.000.) P200.00 C. how much capital must be accumulated? A. P15.00 based on current prices. Using Sum of Years Digit Method A. P3.84 375.000 was deposited on Jan. P1.000 B.500. P120. The machine will then be replaced with an exact duplicate.000 was installed at a cost of P80. P6. How long (in years) will it take the money to quadruple if it earns 7% compounded semi-annually? A. A. What is thelump sum due? A. 14.500. If there is 2% annual inflation during this period. An engineer bought an equipment for P500. During that time. P4.000 C.03 D.500 B.150.00 359.00 B.40 C. what rate of return will the investor receive after considering the effect of inflation? A.170 354.00.000 D. 3 years 369. The book value at the end of 5 years is P30.000 has a salvage value of x at the end of its life of 5 years.000 with a salvage value of P300.030.38 D.69 358.297.62% B.350.000 B.500 using straight line method of depreciation.00 D. how much money must the company accumulate for 5 years if inflation annually is 10%.000.600 374. Using Straight Line Method A.67% C. 7.30 years B.386. P60. 6 years C. P600. 1. P6.250.040.242 365.000 C. the salvage value will be 10% of the first cost. Find the depreciation in the first three years using straight line method.624. P12. monthly B. The company plans to establish a reserve fund to accumulate the capital needed to replace the machine.000.849 B. P1. The salvage value is 10% of the first cost. 20.382. 5 years B.500 has a life expectancy of 8 years and has a salvage value of P3.20 351.000 and the life of the equipment is assumed to be 5 years.000 at the end of its life of 5 years. 6 years 356.60 352. An asset is purchased for P9. P146.548.000 is deposited at a rate of 11. After how many years will the sum be P621. 8 years D.000 was deposited at an interest rate of 24% compounded semiannually.000.241 C. P1. Determine the book value of the plant and equipment after 10 years.5% D.500 B.000 C. A.00 with a resale value at the end of 5 years of 60% its present value. find the compounded interest at the end of 10 years.246. 17. in terms of year zero will be in the account atmaturity? A. what is the book value after 5 years? A. P16.500 B. P2.000 C.265.000 D. P140.316. 4% 363.000 B.000.000 B.000. P660. P282. P129.842. bi-monthly D. P3. P135. 40. use straight line depreciation method. 4 years D. At the end of 6 years.800. 4.25% C.00 D. Using a straight line method of depreciation. 2.66% D. 4 years B.170 B. A. P621.170 C. 4.382.000 is expected to operate economically for 15 years with a salvage value of P50.500 D. P2.200. P680.000 D. P64.000 367. 6.000 368. P1. P401. 33.382.422. P521. P200. Release value will also appreciate at 10% yearly. P122. P690.258 D.000 373. P6. 000 will have an estimated salvage value of P18. A certain equipment costs P7.000 and a salvage of P2. In the first year.000 D. 8 years C.56 D. A. An equipment which cost P200.632. it was used for 4.85 per hour for fuel and related cost. what is thedepreciation charge during the 8th year using the sum of year digits method? A.169.00.420. P15. 10% B. A machine has an initial cost of P50. A. D. P190. P957. Sinking Fund D. P74. P35.875. A.000 operating hours.45 D. the annual depreciation should not exceed 20% of the first cost at any time without salvage value.00 and a salvage value of P10.557. Straight Line B.000 at the end of 8 years.00 B.500 C. P15.476. P764. Declining Balance C. P845.58 B. what method is used in the calculation of depreciation? A. If the depreciation of the first year is equal to P44. P33.00 after 10 years. Sinking Fund D.000.33 390.357. This amount includes freight and installation charges at 10% of the above total contract price. P34.000 and a life of 8 years with a salvage value of P10.688.000 operating hours in a period of 5 years. P160. Declining Balance C.830. Straight Line B.633% of the first cost at the end of 10 years. 935. A machine has an initial cost of P50. A consortium of international communications companies contracted for the purchase and installation of a fiber optic cable linking two major Asian cities at a total cost of P960M. determine the total depreciation using a constant percentage of the declining balance method. Straight Line C. Double Declining Balance B. P150. P380. P24.000 389.000 at the end of its life of 10 years.454.637. If the salvage value is zero at the end of the 20th year. P2. A hydraulic machine cost P180. 11 years 385.680 C. compute for the economic life of the equipment using the sum of years digit method.98 381.000. how much is the first cost of the machine if the constant percentage of declining value is used in the computation for its depreciation.22. Find the book value at the end of the 6th year using straight line method of depreciation. P5.545. Determine its book value at the end of the first year. A.000 C.720 B. If the book value at the end of 4 years is equal to P2197. P594 B. P21.455.902. it was used for 12.259. An earth moving equipment that cost P90. P938 C.00.710 B. If the cable depreciated over a period of 15 years with zero salvage value. A machine costing P720.33 C.914 at the end of the 6thyear. A company purchased an asset for P10000 and plans to keep it for 20 years. P10. P376. (Matheson’s Method) A.000 and has a salvage value of 10% of its cost at the end of its economic life of 35.442. Find the book value during the first year if Sum of the Years Digits(SYD) depreciation is used. P532. An asset is purchased for P90. If at the end of the 2nd year it was used for 15. P756.52 C.000 hours. If it has a book value of P58.24 D.48 . 10 years D.000 at the end of 10 years.300 C. P65.780. P80 M C. determine the depreciation charge during the 5th year using the Sum of Year Digit Method. P2. P12. Sum of Years Digit 393. A.000 hours. P600. Declining Balance D. P900.000 D.000 . The maintenance cost is P300 per year.000 and has a salvage value of P15.000 D.44 D. P180.73 C. P747 386.480 D.000 hours. Its estimated life is 10 years after which it will be sold for P1. P30.00 and a salvage value of P10. The service will operate for 1600 hours per year for 10 years. P68. 9 years B. A. 12 years C. 16 years D.90 B. P2. what method is used in computing the depreciation. and cost to operate is P0.000 has a useful life of 8 years with a salvage value of P25.000 376. A. P857 D. P2.629. Declining Balance C.630 C. Determine its book value at the end of 4 years using sum years digit method.642. What is the straight line method depreciation rate as a percentage of the initial cost? A. P100. find the depreciation at the second year.000. P300.000 has an economic life of 8 years and salvage value of P400 at the end of 8 years. 19 years 388. what method is used in the calculation of depreciation? A. Straight Line B. A machine having a certain first cost has a life of 10 years and a salvage value of 6. P11. what method is used in the calculation of the depreciation? A.420. A certain office equipment has a first cost of P20.980. P350 C. A. Sum of Years Digit 395.000 and has a salvage value of 10% of its cost at the end of its economic life of 36. P70.66 D. ABC Corporation makes it policy that for every new equipment purchased. P76 M 383.00 C. A.89. If the depreciation at the first year is P21.000 B.670 377. A.000.00.000 379. compute the salvage value x using the sum of years digit method. Determine the length of service if the depreciation used is the SYD Method. The original cost of a certain machine is P150. P679. P652. P32. P3.76 382. 10 years B. A. what is the depreciation in the third year? Use sum of years digit method.78 B.000 and has an economic life of 8 years with a salvage value of P9.200 B.00 D.000 at the end of its useful life.000 at that time.294.000 has an economic life of n years and a salvage value P350 at the end of n years. If the book value of the equipment at the 4th year is equal to P2197. P2. 12% C.34 .21 C. Using double-declining balance method. A machine cost P7. Freight and installation charges amounted to 3% of the purchased price.22. Declining Balance C.92 C. what is the annual cost for the operation? There is a P400 salvage value for the system at the end of 10 year. If the annual rate of depreciation is 25%. A machine has a first cost of P140.900 380. Sum of Years Digit 396.475.000 is estimated to have a life of 10 years.00 after 10 years.00. Sum of Years Digit 397. compute the book value and the total depreciation at the end of the 5th year. P2. If the equipment shall be depreciated over a period of 8 years with a salvage value of 5%. 9% 378.22 391.01 384. A machine has a first of P80.000 and has a salvage value of P1. P35. The first year depreciation amounts to P1. A.543. A. P6. What is the book value after 5 years using straight line method depreciation rate? A. P25. A telephone company purchased a microwave radio equipment for P6M. 8% D. Sinking Fund D. Determine the depreciation at the end of the 6th year using Sinking fund method at 3% interest. P430 D. P6. The configuration can be assembled for P500. Using straight line depreciation.71. P19.27 B.42 . P1000 B. P290 387. An equipment costs P480.420 D.725.245. Assume money is worth 6% annually.000 at the end of its useful life which is 12 years. Sinking Fund D. P430. Sum of Years Digit 394. P432.243. If the depreciation at the first year is P9. An equipment costs P7000 and has a life of 8 years and salvage value of x after 8 years. P23 M D.350 has a life of 8 years and has a salvage value of P350 at the end of 8 years. A.00 398. P418.360. What method is used in the calculation of the depreciation? A. The purchase of a motor for P6000 and a generator for P4000 will allow the company to produce its own energy.840 392.78 . An equipment costs P480. P2.400 D.000 B. If the depreciation at the first year amounts to P35. P64 M B. An equipment costs P8.45 B.333.000.362.825. P9. Straight Line B. P7. P5.000 C. In the first year of service. A.000 B.000 at the end of its useful life. Bonds 414. Bonds 415. A certain machine cost P40. A. The production output of this machine in units per year is 1000 units for the first year. The amount which has been spent or capital invested which for some reasons cannot be retrieved. If the book value at the end of the first year is P220. Construction cost C. Book value D. A. A. Monopoly C.000 D. The difference between the present value and the worth of money at some time in the future is called A.000. Depreciation D. Salvage value C. Monosony B. It is an amount which a willing buyer will pay to a willing seller for the property where each has equal advantage and is under no compulsion to buy or sell. Voting stock C. Non par value stock 403. A. Inflation C. A market situation in which two powerful groups or organizations dominate commerce in one business market or commodity. Necessity B. Determination of the actual quantity of the materials on hand as of a given date. A. A. Fixed costs C. Use value D. P14. Depreciation C. Book value 426. Personal B. Net value C. Depreciation 409. Duopoly C. Differential cost D. A. Monopsony C. Fair value 404. after the beginning of the payment. Annuity B. Monopoly D. In the first year of service it was used for 8000 hours.399. The amount received from the sale of an addition unit of a product. The condition in which the total income equals the total operating expenses. A. Ordinary annuity C. A.000 brand new with a salvage value of x pesos. Annuity D. Cartel B. Common stock B. Salvage value B. Deferred annuity 420. Market value B. A.000 and has a life of 4 years and a salvage value of P5000. Competitors 410. A formal organization of producers within industry forming a perfect collusion purposely formed to increase profit and block new comers from the industry.000 401. A. Bond C. A. Prime cost 425. A. 2000 units for the second year. Maintenance cost C. Market value 427. It usually does not bring voting right to the owners and the dividend is fixed and cannot be higher than the specified amount. The place where buyers and sellers come together. Oligopoly D. 3000 units for the third year. Annuity due D. Scrap value D. Operation costs B. Interest 429. Oligopoly D. Extracted D. A. Store C. A. Reduction in the level of nation income and output usually accompanied by a fall in the general price level. The sum of all the costs necessary to prepare a construction project for operation. A. It is defined to be the capacity of a commodity to satisfy human want A.000 400. The worth of the property which is equal to the original cost less the amount which has been charged to depreciation. Gratuitous C. P12. Interest B. Prime cost B. Book value D. Marginal cost C. Inflation D. Production cost 424. It is the worth of a property as recorded in the book of an enterprise. Depreciation 413. Perfect competition 406.000 C. A. The sum of the direct labor cost incurred in the factory and the direct material cost of all materials that go into production is called A. P13. Bilateral monopoly B. A. P18. Extra profit D. Monopoly B. A. Oligopoly C. Marginal cost B. Check and balance D. Salvage value C. Depletion cost D. A. Monopoly C. Marginal revenue C. The addition cost of producing one more unit is A. The money paid for the use of borrowed capital. A written contract by a debtor to pay final redemption value on an indicated date or maturity date and pay a certain sum periodically. Book value 432. ____ is the loss of value of the equipment with use over a period of time. Par value C. Market value C. Oligopoly B. Oligopsony 407. duopoly 419. Discount D. The machine is expected to last for 28500 hours in a period of 5 years. Duopoly 418. An obligation with no condition attach is called A. A. Monopoly C. Junk value B. It is the stock that has prior to dividends. Physical inventory .000 C. P15. and 4000 units for the fourth year. Reduction in the level of national income and output usually accompanied by a fall in the general price level. Pretend stock D. Sunk cost B. If the units produced are in uniform quality. what is the depreciation charge at the end of the fourth year. Amortization D. A. Perpetuity B. Interest D. A lathe machine costs P300. P20.000 D. Price C. Bilateral Monopoly 412. Maturity value 417. A. Construction cost 422. P15. Discount 402. Market value B. Sunk cost 430. A. Luxuries D. Gain 405. Prime cost D. A. Bilateral monopoly B. Stock value B. Port 416. Duopsony D. Oligopoly B. Devaluation D. Deflation B. Operating cost 428. Utility C. Depletion cost D. P16. Perfect competition 411. The value of the stock as stated on the stocks certificate A. Corporation D. A market whereby there is only one buyer of an item for when there are no goods substitute. A market situation in which two competing buyers exert controlling influence over many sellers. Amortization C. Fair value C. A market situation where there is one seller and buyer. The amount that the property would give if sold for junk. Loss B. Private 423. Oligopoly D. It could mean a difference in value between a new asset and the use asset currently in a service. An economic condition in which there are so few suppliers of a particular product that one supplier’s actions significantly affect prices and supply.000 B. Monophony C. Concealed D. Amortization C. Scrap value 408. A market situation where there is only one seller with many buyer. Devaluation B. A series of equal payments made at equal interval of time. Duopsony D. Annuity B. Scrap value B. Break even 421. A. Book value B. Collateral 431. Salvage value D. Maker B. The type of annuity where the first payment is made after several periods.000 B. A. Net cost B. compute for the salvage value x in pesos. Estimated value of the property at the useful life. Bargain center D. A. Deflation C. Tally B. Par value C. These are products or services that are desired by human and will be purchased if money is available after the required necessities have been obtained.00. Permit B. Depletion B. It is defined as the capacity of a commodity to satisfy human want. P31. how much money would he save with the additional workers? A. 6.30 per unit Direct labor . Luxury 437. Investment 447. Utility B. Supply C. 6. A. If the liquidated damages is P5. Spreadsheet C. When her monthly sales go up to P12. An equipment installation job in the completion stage can be completed in 50 days of 8 hour/day work. P3. Market value D. Partnership B. A Mechanical Engineer who was awarded a P450. Tort C.000 459. what minimum rate of return. Utility 444. B. Parties whose consent or signature in a contract is not considered intelligent. 38. Minors C. What is the maximum production time per unit in hours required of the line to meet the demand? A. the following data have been gathered: Direct material .00 C.00.5% B. Necessities C.000 C. her monthly salary goes up to P1. The simplest form of business organization where in the business is own entirely by one person.P0. Periodic material update 433. With the contract expiring in 40 days.12% 457. Paid off capital C. Jojo bought a second-hand Betamax VCR and then sold it to Rudy at a profit of 40%. P400. P4. In a certain department store. 13. A.00. A.750 C. P3. Capitalized cost C.00? A. This consists of a cash and account receivable during the next period or any other material which will be sold. 10. As provided for in the contract.00 C. P4.58% D. Franchise 450. Profitable life 449.00 452. It is where the original record of a business transaction is recorded. P4. Book value 451. P44. Operating expenses such as sales and administration are 15% of sales. Perfect competition B. a vendor gains 20%. A series of uniform payment over an infinite period of time A. Partnership 441. If Noel paid P2. Fixed assets B.000 D. 18% 455. the profit is 30%. Subscribed capital D. This occurs in a situation where a commodity or service is supplied by a number of vendors and there is nothing to prevent additional vendors entering the market.20 456. what is the cost per unit that is acceptable to the company? A. A.07% C.000 contract to install the machineries of an oil mill failed to finish the work on time. Necessity D. P44. Fair value B. P200. 1 hour B.00 B. overtime not being permitted. 37.000 D. The quantity of a certain commodity that is offered for sale at a certain price at a given place and time. It is sometimes called the second hand value A. Commodities B. A. P33.67% C. must the investment offer to be justified? A. how much did Jojo pay for the unit? A.00 per set-up It is decided to subcontract the manufacturing of assembly B to an outside company. A. A wrong act that causes injury to a person or property and for which allows a claim by the injured party to recover damages. The right and privilege granted to an individual or corporation to do business in a certain region. the mechanical engineer contractor decided to add 15 men on the job. Deferred charges C. Single proprietorship B. Stocks D. A. 6. Luxury C.10 D.00. Necessities C. 12.50 per unit Testing set-up . find his new gain in %. Royalty C. 5 days per week. Joint venture 442. Authorized capital B. A bookstore purchased a best-selling book at P200. A. Luxuries D.9% C.80 B. P4. P4. Deflation B. 19% D.250 D. Grand total of the assets and operational capability of a corporation.5% per . Party C. In determining the cost involved in fabricating sub-assembly B within a company. Corporation D. P300. Inflation 436. Fraud B. The length of time which the property may be operated at a profit. 20% C. A businessman wishes to earn 7% on his capital after payment of taxes.856 more than it costs Jojo. Monophony C. Froyd Corporation’s gross margin is 45% of sales. Par value C.5%. Logbook 448. P4. Journal D. When the value of her sales for the month is P10. 1 hour and 10 minutes C. Par value 439. before payment of taxes.450 B. Weekly demand for the generators is 35 units. how much discount was given to the customer? A.89% B. A. P43.200 460. An association of two or more individuals for the purpose of engaging business for profit. Scrap value B. Froyd Corporation is in 40% tax bracket.P0. Book value D. A. P30. 1 hour and 15 minutes D. What percent of sales is their profit after taxes? A. If the income from an available investment will be taxed at an average of 42%. Demands D. Economic life C. 37. What must be the value of her sales so that her salary for the month will be P2. A. Libel D. 38. the monthly salary of a saleslady is partly constant and partly varies as the value of her sales for the month. For an order of 100 units.750 458. A. The worth of an asset as shown in the accounting records of an enterprise. A. 1 hour and 30 minutes 454. P500. If the TV set is sold to a customer at a profit of 25% of the net cost.000 B.2% D.89% D. At what price should this book be sold so that by giving a 20% discount. Proprietorship C. Ledger B.100 B. The line operates for 7 hours per day. Monopoly D. Commodities B. A manufacturing firm maintains one product assembly line to produce signal generators. Convict 443.000.000.P300. Counting principle C. Depletion C. he has to pay a daily penalty equivalent to one fourth of one per cent per day for the first 10 days and 0. License D. Demented persons D. Life span B. Supplies 446. Stock assessment D. 21% B. P43. Goods 438. By selling balut at P5 per dozen.08% 453. 11. P32. with 50 men working. A. Decreases in the value of a physical property due to the passage of time. Operating life D. The selling price of a TV set is double that of its net cost. Dummy person B.00 per copy. Perpetuity D. Satisfaction B. These are products or services that are required to support human life and activities that will be purchased in somewhat the same quantity event though the price varies considerably. A. The cost of the eggs rises by 12. her salary for the month is P900. A.000. and the men are paid P150 per day.000. Salvage value C. Current asset D. Corporation D. 6. A.5% 461.02% B.000 per day of delay. Declination D.00 D. Scam 435. A.900 C. Rudy then sold the VCR to Noel at a profit of 20%. Liability 434. If he sells at the same price as before. Depreciation 440. Cartel 445. 750. P473.120. 29. Mrs. but guarantees an output of 120 liters per hour and full replenishment of media in 3 months.24 C. The monthly demand for ice cans being manufactured by Mr. P829. Different methods of processing are tabulated as follows: Processing Method Cost per ton A P5. how many months will Mr. P1. P817. P840 Installing and dismantling of machine D.300. a 500 cubic meters of sand km of haul.5 % of grossm.000 per cubic meter C.856. A. At what average rate per mini-hydroelectric power plant to the kw-hr should this energy be sold to break substation which is 5. how many days was the completion of the contract delayed? A. P4. Sand fill. Processing method A B. regardless of whether or not the container is completely filled with engines. If the engines are crated so that they can be shipped at the rate of P3. it would be necessary to hire 2 465. 26 days B. will pay freight on container load of 40 tons. P860 At Site A.50 per hundred kilograms with the freight bill computed only on the actual weight shipped.000 in government bonds and stocks that will give an overall annual return of about 5%. 13 months 472. P1.250.208. Electric wire cost set-up the asphalt-mixing machine.90 data: B.23 B. 28. 35% in money market placement earning 14% C.50 per kw-hr is reached.500.670 road.000 12 inches in diameter at the butt.500 C. has been shipping its Suzuki engines in containers to avoid the necessary crating of the engines. If the asphalt mix is to be hauled In order to put the subgrade on an even by a contractor at P42 per cubic meter per level grade.790. P949. P1. 30% in T-bills earning 12% interest B.592. P2. With a manual operated guillotine. A 220 V 2 hp motor has an efficiency of 80%.78% 2. P12.000. P15. A paint manufacturing company uses a sand mill for fine grinding of paint with an output of 100 liters per hour using glass beads as grinding media. Annual How much will the project cost allowing depreciation is estimated to be 10% of the 15% for contingency? fixed capital investment. The money to be invested in government bonds will give an annual return of 4.807 = P100 per cubic meter D. Processing method C D.207.208. JRT Motors Inc.000 B.000 per cubic meter 463.80 for the third kw-hr and so on until a minimum of P2.000 per cubic meter B. P462.34% D. Electrician at P250 per day and 4 confronted with a problem of choosing electricians can strung wires complete between two possible sites on which to 150 meters per day. JRT Motors Inc. P1. 35% in blue chip stock earning 13% If her annual earnings from the T-bills. P4.12% 466. Processing method B C.revenue The electrical posts must be 30 feet Salaries P750. 167 D. together with the necessary cubic meter of asphalt mix per kilometre concrete curbs and gutters on both sides. The Interest P700. The tanalized timber electrical expenses in its operation: posts must be placed at an interval of 50 Taxes 2. How much is site B more filling is necessary.645 Assume the following data: B. determine how many stocks should be purchased.000 long. As a hedge against inflation.00 per kw-hr for the first 50 kw-hr.274. Alarde is 3200 pieces. P1. 28 days D. 10 months B. 30. If profit on paint reduction is P15 per liter how much is a difference in profit between the two media? A. which method of processing yield the biggest return? A. 8 inches in diameter at the tip and Depreciation P2.90 long is P5. JRT Motors Inc. Concrete pavement.53 D.000.000 C. A call to bid was advertised in the at P2. P6. P630 per engine C. The job 500 meters long is desired to be can be completed in 32 weeks working 6 constructed over a well-compacted gravel days a week. P5.90 per kw-hr for the second 50 kw-hr. Contingency is 10% and profit is 25%. 30. P13.000 per cubic meter D. Meter P10.00 and which cuts by 30% the unit cuffing cost.000 . An engineer bidding on the laborers can dig and erect 3 posts per asphalting of 7 km stretch of road is day. Disregarding the cost of money. The cost of crating would be P50 per engine and would increase the shipping weight from 1500 kg to 1520 kg per engine. 166 C. In a new gold mining area in Southern Leyte the ore contains on the average of ten ounces of gold per ton. The investments are in units of P100.00.day for the next 10 days and one per cent per day for everyday thereafter. Processing cost of marble into tile is P200. Freight of container cost P3. An electric utility purchases D. Media load in the mill is 25 kg costing P200. the unit cuffing cost is P25. 25 days a month. Considering all other costs to be the same.00 per kw-hr and sells all this to Philippine Daily Inquirer for the consumers after deducting distribution construction of a transmission line from a losses of 20%. P962.00. P670 per engine B.500 A. Labourer at P180 per day and 5 467.500 C P400 If gold can be sold at P4. the granite is more profitable than the marble by how much? A. P2.000. including rolling and watering C.035 kilometers even if the following are other monthly away. P436. If he desires to keep his stock investment to minimum in order to reduce his risk.400.20 Cost of one tanalized timber post 30 feet C.207. How much did she invests in real estate? A. has shipped only 30 tons per container.33% C.5% and the stocks of about 6%. Record shows that due to engine size. she decided to use a part of it invested in real state at Pagadian City and the remainder were invested as follows: A.639.916. Upon the retirement after 44 years in government service. P800 Average hauling distance B. Compute the estimated cost for the project using the following A.00 C. A fixed capital investment of per sq.000 post and the substation is 20 m from the Miscellaneous P200.091. costing P400 per kg and needs 30 kg load in the sand mill. Salud Araoarao was able to get a retirement lump sum of P2.50 470. P789. P745.000 per ounce.000 last electric post.858. The project requires 16. B.00 per kilograms. 2.890.000 including delivery to the D.000 is required for a proposed C. An 8-meter concrete road pavement flagmen at P150 per working day. P1. P1. P650 per engine D. The quarrying cost of marble and granite blocks plus delivery cost to the processing plant each is P2.692. P14. If marble has a net yield of 40 square meters of tile per cubic meter of block and sells P400 per square meter. 10 in thick (labor and materials) including curing = P220 468. An electrically operated hydraulic guillotine was offered to Mr. A man would like to invest P50. P820 Monthly rental C.00 per meter. money market and stock is P50.120. and granite gives a net yield of 50 square meters of tiles per cubic meter of block and sells at P1000 per square meter.000.090 B.00 per kg and is fully replenished in 2 months time at 8 hours per day operation. A. 27 days C. How much more economical shipping the engine in crates than in containers? A. 168 464.00 per cubic meter.000 annual profit is P2.78 471. over which the 10 inch expensive than site A? concrete pavement will be placed? A. P610 per engine 474. If power costs P3. Curbs and gutters = P12 per linear manufacturing plant and an estimated meter working capital of P2. 11 months C.30 site.00 per square meter.00 per square meter and that of the granite into tiles also is P600. If the total penalty was P60.000 power house is 15 m from the first electric Maintenance P300.12 B. Alarde be able to recover the cost of the machine if he decides to buy now? A.300.101 A.000. Determine the rate of return on the total investment if the A. P974. 12 months D. A ceramic grinding media is offered to this paint company. How much does it cost to run this motor continuously for 7 days? A. 165 B. Alarde at a price of P275. P956.80 D.00 each. Either of the processing methods B or C 473. P5. of road. Use only 5 laborers and 4 electricians for the project and is supervised by a foreman which is paid at P400 per day.000 kw-hr per month of electric energy from National Power Corporation 469.000.000.900 B.500 B P2. 29 days 462. P5. What is the cash price? A. 16.25% 484.900 B. A man borrowed P2.95% D.33 C. He receives only the amount of P21. P4.03% C. He receives from the bank P1.000. A man borrowed from a bank under a promissory note that he signed in the amount of P25.289.67% B. 24.690. 4.250 486. J.17% D. Annie wishes to pay immediately and the merchant offers to compute the cash price on the assumption that money is worth 8% simple interest.00% B.00 for notarial and inspection fees.23 B.800 B. P1. If discounted at once. 12. P1.000 was made for 31 days. Let us therefore assume that you applied for a loan with a bank and the P80.00 at the end of 3 quarters. If at the end of one year. Annie buys a television set from a merchant who ask P1.50 B.87% 491. A man borrowed money from a loan shark.166.900 C. Since you have to pay the amount of P80. 16.000 from a bank with 18% interest per annum. 4.090.67 498. P19. P12. the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. 4. P5. P48. P5.000 from a bank and promised to pay the amount for one year. A price tag of P1. The net interest after deducting 20% withholding tax is P890.” A. P18.000 was approved at an interest rate of 14% of which P11.920 after the bank collected an advance interest of P80. P664.12 478.712.000. A. What was the rate of interest that the bank collected in advance? A.1996. must the investment offer to be justified? A. 12.90% B. 15.15% B. .000 B.32% C. 3.25% 483. A. Find the rate of interest.992.67 B. 12. He received only the amount of P1.34% C. 10. 19. 15. 15.05% B. P18.08% 496.302. Mr.1995 to December 25. 12. 19. If you borrowed money from your friend with simple interest at 12%.33 C.133.873.67% D.67 489.20 C.54% D. P18.12 C. You loan from a loan firm an amount of P100. If you borrowed P10.67% D.02% B. P28.00 D. what future amount is due at the end of the loan period? A.80% D. 13.133. 16. A businessman wishes to earn 7% on his capital after payment of taxes.89% C.050. He received only the amount of P1.00 and promised to pay P1.842 and promised to repay P2. Determine the corresponding discount rate or often referred to as the “banker’s discount.000 by her employer CPM Industrial Fabricator and Construction Corporation with an interest rate of 6% for 180 days on the principal collected in advance.289 D. P25.73% 497.50% B.87% 490. P47.46% D. 3.000 from a local commercial bank which has a simple interest of 16% but the interest is to be deducted from the loan at the time that the money was borrowed and the loan is payable at the end of one year. 19. 13.00 at the end of 9 months. P47. Determine the rate of simple interest.066.000 is borrowed for 75 days at 16% per annum simple interest. if the rate interest is 18%. P25.000 is invested today at simple interest rate of 1% per year? A.000 D.22% C. A man borrowed P2.915. P4.11% 482.64% 495.45 494.100 493.00% C.36.32% D.07% B.000 one year after.00 and promised to pay P1. 4.920 after the bank collected an advance interest of P80. 16. what is the actual rate of interest? A.19% B.333.728. How much is the actual rate of interest? A. P5.098.40 D.47% 487. 16. He received from the bank P1.000 invested for the period from January 15. which is due at the end of 7 months.95% D. 35.200 475.168 B. 12. 13. 19.89% C.000 481.32% 488. 15. P5.47% B.92% C.29% 480.175 C. what minimum rate of return.55 C. 15. 15. 12. A. Determine the exact simple interest on P5.33 D. P5.782.67% D.000 from a bank and promised to pay the amount for one year.00 for a period of one year. P28.000 non-interest for 180 days. 35.7% C. P664.33 B. 36.1995 is P100.666. He received from the bank P1.340.00. 3. P18.39 500.96% 499.000 is borrowed for 75 days at 16% per annum simple interest. Dela Cruz borrowed money from a bank.000 invested from June 21. 15. find the proceeds of the note. 13. P1. P46.000 is invested today at simple interest rate of 1% per month? A.000 at the end of 10 months.1996 to October 12. 3. 11.97% 476.189 D.033.97 B.18 C. A loan of P5. find the present worth of P50. P25. at a simple interest rate of 15%. What will be the future worth of money after 12 months if the sum of P25. A deposit of P110. Agnes Abanilla was granted a loan of P20.200 C.18% D. 480 It is the practice of almost all banks in the Philippines that when they grant a loan. what then will be the effective interest rate? A.0% D.00 at the end of 9 months. 11. Mr.124.348. Reyes borrowed money from the bank. P665.000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. P10. 13.75% C.000 is made for a period of 15 months. Danilo Conde borrowed money from a bank. P11. How much will be due at the end of 75 days? A. Find the rate of return annually.200 was deducted and you were given a check of P68. P11. 16. P1. P25.62 D. J. 25. P19.500. What was the rate of discount? A. 4. What was the rate of interest that the bank collected in advance? A.34% C.5% B.21 D.500. what is the rate of interest? A.250. A.800. The corporation would accept a promissory note for P20. 11.28% C.05% B. 13.15% D. P666. 14. 37. P5.00 at the end of 60 days.00.12% B.342. D. 4. P4.46% D. P5.250 485.000 which is due at the end of nine months. How much will be due at the end of 75 days? A.12 D. Determine rate of simple interest. He receives from the loan shark and amount of P1. 4.800 D. A.67 B. P28.000. P498. If P1000 accumulates to P1500 when invested at a simple interest for three years.45% D.69% C. If you borrow money from your friend with simple interest of 12%.937. 13. P28.89 C.67 492. A.500. Mr. 3. you have to pay the full amount of P100. If the income from an available investment will be taxed at an average rate of 42%. P18.21 479. 12. 25.98% Choose the letter of the best answer in each questions.200 is payable in 60 days but if paid within 30 days it will have a 3% discount.00 and promised to repay P1. 15.75% C.340. 15. P4. what is the total amount to be repaid at the end of one year? A.890.8% 477. P5. 23.00 after the bank collected the advance interest and an additional of P85. find the present worth of P20.120. before payment of taxes. 11. A. A man borrowed P20.07% C. P4.08 D. What is the rate of interest? A.08 B. The exact simple interest of P5.45% B. What is the simple interest rate? A.165 C. What will be the future worth of money after 12 months if the sum of P25.233.92% B. 13. P18. A. 86 D.656.7 years D. 5.24% B. 11. 7.450.655. Find the nominal rate. 2006 at 7% interest.12 D. 19.95 B.87 D. If the account will mature on Christmas day at an amount of P10.40 C.501.32 D. A.47 B.69% D. 12.980. if the principal and interest were not withdrawn during the period. P970.500 is invested at 8% compounded quarterly for 5 years and 6 months. How much is that money worth now considering interest at 8% compounded quarterly? A. 19.000 if interest at 12% compounded semi-annually? A.000 is left to a girl to be held in trust fund by her guardian until it amounts to P50. 11. Determine the total amount at the end of 5 years.344. Determine the total amount at the end of 7 years if the principal and interest were not withdrawn during this period? A. A. An amount of P1.20 516. About how many years will P100. 11. P30. P693. The amount of P150.47 D. How much is the interest using the Banker’s Rule? A.179.32 530. At an interest rate of 10% compounded annually.42 531. If the effective annual interest rate is 5%.443.57 years D.2%? A. P15. find the compounded interest at the end of 10 years. The interest has accrued is left for another eight years. 13.864.000 if the interest rate is 9% compounded quarterly? A.78% D.40 D.83% B. P15. A man expects to receive P25.20 D. P6. P234. Interest is paid semi-annually.95 514.92% 517.500.827. P71. P39.32 C. P3. 11.641. P971. A. 19. 15. In how many years is required for P2. 2006 to November 1. the sum of P20. When will the girl receive the money if the fund is invested at 8% compounded quarterly? A.555. what will be the withdrawal amount at the end of the 16th year. 16.59 B. 8. What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly? A.73 D. P2. P6. Find the present worth of a future payment of P100.00 was deposited in a bank account.47 507. at which time the principal is withdrawn.652.000 shall accumulate for 10 years at 4% compounded quarterly.781.333. A.17 D.060. 11.48% C. 5 years C. 8.00% C. 19. P6. 19.68 B. P71. P40.56 C.608. P31. P30. A. P13.87 years 529.000 to be made in 10 years with an interest of 12% compounded quarterly.44% C. P973. P705. 14.72% 509. P30. Determine the total amount at the end of 5 years. 8.32 B. P2.32% C. She decided to invest the said amount on 20% exact simple interest. P30.12% 527.78 524.5% per annum. P39. P30. 14. Compute the equivalent rate of 6% compounded semi-annually to a rate compounded quarterly. P3.12 C. it is worth P3. 12.000 to be made in six years with an interest of 12% compounded annually. 9. What is the ordinary interest on P1.000.000 becomes P1.846.35% B. P8.146. 14.14% C.889.23 years D.807. compounded semi-annually.16% D. 9. 5.41% 506.40 C.92 B. April 22.09% B.2 years C.540.59 D. P31. Find the compound amount if P2. 20 years ago.32% 515.78 C.400 in cash.22 C. Today. Which of these gives the lowest effective rate of interest? A. P71.000. P700. 12.65 years C. P8.23 years B.000 in 8 years. If P50. P40.48% D.9% . P8. how much will a deposit of P1. 16.49 508.61% B.31% D. 14. If P5.500 be in 15 years? A.83 B. P213. how much did Nicole receive from her mother on her birthday? A.15 D.59% C.49 B.12 years 519. 11.60% compounded monthly 513. 5.12% C. P13. A.000 shall accumulate for 10 years at 8% compounded quarterly.22 B.5% per annum. P13.7 years B.44 after 4 years compounded bimonthly.544. The amount of P20.000 earn a compound interest of P50. 9.666. 7 years 526.080.01% B. 6.07% B.265. P39.84% D. 11. 7. A.10 520.86 C. P2.40 B. 6 years D.500.20% compounded quarterly D.28 C.47 C. P3.59 C. The amount of P50.817.5% per annum. She invested it at 7% from March 1.000 was deposited in a bank earning an interest of 6.78 502.83 504. P3.153.01 B.45 C.96% C.09% C. 19.35% compounded annually B. A. A sum of P1.90% compounded semiannually C. On her recent birthday.526. 19.625.187. 19.95 D.40 B. P255. A.12% B.079. By the condition of a will. 7. 19. P40. P15.65% D. What nominal rate. P972.24% 511.59 528.82 D.95 C.350. P2. 19.000. P8.555. P215.00. P30. Nicole has P20.256.655. P702.08% D. 11.78% 510. P6.256.25% 512. P71.845. Find the nominal interest.86 years B. 16. P13.12 B. P1. yields the same amount as 16% compounded quarterly? A. 14.530. How long will it take money to double itself if invested at 5% compounded annually? A.45% D.000 is to be paid in 3 years at the amount of P65.89% B. 11.50 for 182 days at 5.99 503.000 was deposited in the bank earning an interest of 7.832. 8. 2. 4 years B.84% C.37 505. P39.844. 19. 16. A loan for P50. then what is the compound interest at the end of 10 years? A. Nicole was given by her mother a certain sum of money as birthday present.020.31% D. 12. P6.890. P6.718. A. 2001. P15. Find the present worth of a future payment of P80.83 D. What is the corresponding effective rate of 18% compounded semi-quarterly? A.000 was deposited in the bank earning an interest of 7. if the principal and interest were not withdrawn during the period.64% 522.49 D.000 to increase by P3.12 B.614. 19. What is the effective rate of money? A.444. P6.87 B. P40.265. A. What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days.49% B.800 in 4 years at 5% compounded quarterly? A. A.83 525.461.78 C. which if converted quarterly could be used instead of 12% compounded semi-annually.000 is invested now and left for eight years.040. Determine the interest rate paid on this account. What is the effective rate of 14% compounded semi-annually? A.68 518. 14. 12. P6.3 years 521.46 years C.00. What is the amount of P12.000. 11. 8.556.79% 523.49 C. 9. 11. What is the corresponding effective interest rate of 18% compounded semimonthly? A. 500.52 538. P6.57 C.498.000.000 for 6 years at 8 %.789.494. How much would the sum be on January 1.187.59 B.033. A man expects to receive P20. 9 years B. what should be the initial deposit? A.30 B. 17.42 556.000.216.56%? A. and today it is worth P2.761. P153. What is the present worth of two P100 payments at the end of the third year and fourth year? The annual interest rate is 8%. P7.25 542. 5. how much capital must be accumulated? A.000. 16.34 B.626.89 B. A merchant puts in his P2. P685. 21 years D. How long (in nearest years) will it take money to quadruple if it earns 7% compounded semi-annually? A. P6.000. Funds are deposited in a savings account at an interest of 8% per annum. determine the compounded interest after 7 years and 9 months. P680. When will the girl receive the money if the fund is invested at 8% compounded quarterly? A.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much is that money worth now considering interest at 6% compounded quarterly? A.12 D.262.65% 552.000 is deposited at a rate of 11. P18. P500.035.67% 549.00.84% annually. 3. 7. P690. P18. How much.212.25 D.945.002.000. P1.75% B.98 D.5% 532. The company plans to establish a reserve funds to accumulate the capital needed to replace the machine.145.00. P6.00 in the bank now and another P3. P15. P7. P670. P631. the sum of P25.00 based on current prices.84% D.169. P53. 12.45% C.25% compounded monthly.280. The machine will retire at the end of 5 years. P3.000.498.98 years 553. The bank pays interest semi-annually. P13.370. A mechanical engineer wishes to accumulate a total of P10. P7.649.000 was deposited at an interest rate of 24% compounded semiannually.000. What is the effective rate? A. 7. A man borrowed P100.92 545. A.31% 543. P1.64 C.39 C.289.03 B.651.00.000 after 10 years? A.03 D.34 C. compounded quarterly. in terms of year zero pesos will be in the account at maturity? A. 12.55% D.249.459.35% B. P2.91% B.627.500. A. P11. A. A.64 D. A. P20. During that time.35% 534.000 was deposited 20.5% compounded quarterly. 12.52 539.00 for one year from a friend at an interest rate of 1. P1.67 years C. P13.848. P1.5% account that yields 9. 7.000 at the interest rate of 12% per annum.21 D.00 in a 15% security for 5 years. 20 years B. What is the lump sum due? A. P2. P4. If an average annual rate of inflation of 3% is anticipated.378.563.78 C.00 three years from after his last deposit for the purpose of buying shoes. P2.489.72% B. You borrow P3. Bimonthly C.35 C. 7.12 B. A deposit of P1. P2. By the condition of a will. P16.34 D.23 D.270. A nominal interest of 3% compounded continuously is given on the account.113.892.166. the average annual inflation is 6%. 3.88 C.383.000 in a savings account at the end of 10 years. B. P621. If the bank pays only 4% compounded quarterly. Consider a deposit of P600. P3.39 B. 7. How much lesser you will pay by borrowing the money from the bank? A. What is the accumulated amount of P10.000 today to be repaid in 5 years in one lump sum at 12% compounded annually. P13. How much profit in present day pesos is realized? A.45 D.721.001. What is the effective rate corresponding to 16% compounding daily? Take 1 year = 360 days.52 559. P53.260. 7.21 B.458. A company invests P10. P18.00 to be paid back in one year by P700.98 544. P4.494. 12.12 533.28 C. 2003? Money is worth 6%.00 to a small business for a period of six years. 17.98 D. P6.042. 6 years D.000 in 10 years.196. How much is the sum now? A.00 for the next 2 years.89 B.000. P11.158. If he plans to withdraw P5. P7. What is the rate of interest.34 550. A student plans to deposit P1.548. 5 years C.012. 5.0% C. Quarterly D.89 D.42 years B.78 D. In year zero.38 B.672.12 D.45% D. 1988 at an interest rate of 24% compounded semi-annually. P1.29 B.78 B. When will an amount be tripled with an interest of 11. Find how often the interest is compounded.66 C. P612.33 B. 11 years D.000 on January 1. P150. P4.64 B.890. What is the initial amount that must be deposited to yield a total of P10.820.23 C.90% 546. 18 years C. P6. P4. at which time it is expected to have a scrap value of P2.50% B.75% C. How much should you put into a 10% savings account in order to have P10. 5. Annually 535. P152.218. P200. P1.631. P3.000. Fifteen years ago P1.35 B. 10 years C. A.38 C. P4.12 C.000.716.78% C.85 years D. P4. you invest P10. 5. P2. 17. 3.845.35 540. P4.176. compounded annually. P6. 4 years B.250. A firm borrows P2.59 C. 16. Mandarin Bank advertises 9.030. P4. How much must be invested on January 1.12 C.34 555. 19 years 557.000 more for 2 years at 8%. If P500. What is the effective annual interest rate? A.98 D.15 years ago at an interest rate of 7% compounded semi-annually.209.854.000 is made in a bank account that pays 8% interest compounded annually. What was the interest rate paid in this account? A. P6.000 was deposited on January 1. The machine will then be replaced with an exact duplicate.38 551. P2.345.09 548.64 537. P54. P3.76 C.71% D. P1.18 547. P18. 1998 in order to accumulate P2.450.340. A machine has been purchased and installed at a total cost of P18. At the end of 6 years.2% D. P54.38 D.00 in five years? A. i% per year compounded annually such that the net present worth of the investment is positive? Assume i ≥ 0. 1993? A.00 was deposited in a bank account. Monthly B.781.549.509. P1. An interest rate is quoted as being 7. P11.34 B.167.444.000 is left to a girl to be held in a trust fund by her guardian until it amounts to P45. P611.170? A.176.000 in 10 years? A. 16. 7. P18.55% C.33% D.56 B.64 C. it renews the loan for the amount due plus P2. 17. 7.73 B. 16.000. After how many years will the sum be P621. what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%.53 D.025. 12 years 536.20 C.796. P2. P151. P2. how much will he collect at the end of the sixth year? A. P13.56 D.51% C.93 541. Approximately how much money will be in the account after 10 years? A. With a given interest rate on the investment of 15% per year. A. P200. P11.12 C.623.05 D.21 558.12 . P6. 7 years 554. 21 B.549.65% 572. A. The construction of the building now to cost P400.61 B.25 573. 4.81% C. For a loan acquired six years ago.06% B.000 is invested at a certain rate of interest compounded annually for 2 years. 10.21% B. when will the child receive the money? A.12 C. An investment of P20. 14.69 C.500 on June 1995. P2.000 and at the end of 5 years. the bank notified you that you are the sole heir to this account.000 at the end of the fourth year. P2. P1.98 years 576.32% 581.530.739.00.67% 583.64 B.25 C.25 C.000.302. what will be the value of the account at maturity in terms of today’s peso. P2.13 C. 5. Five years ago.00% C.41% D.12% C.15 B.92 C. 10.795. P78. 4.57% 571. great grandfather deposited P1 in a savings account. P201.949.58 D. 8. P79.000 now. how much deposit will the couple have to make on the birth of a child to them? A. if money is worth 10% compounded annually. The interest was computed at 18% compounded annually.552.64 566. P5. P15. whose maturity value is P3.23 B. Two years later. 40.122. 41.120. P2. Gary Sy invests P50.530 C.000. If the inflation rate is 5%.000 for a residential lot. P1.00 D. A deposit of P1.00 today and the balance in 2 years.000. P27. P5.43% C. JM borrowed again from DJ an amount of P5.12 D.000 will be required at the end of the year. how much will the man have at the end of 10 years when his son will be starting his college education? A.000 on June 1993 and discharged his balance by paying P7.621.000 at 10% per annum for 3 years.45 577. A credit plan charges interest rate of 36% compounded monthly.000 at that time. P77.72 years 564.000 at the end of the second year. based on an interest rate of 7%? A. JM borrowed a certain amount on June 1990 from DJ. due in 2 years hence.91 C.888. 42.00 584.10 B.96 D.056.28 B. P11.64 years C.91 . P201.000 is deposited in an account earning 4% per annum compounded quarterly. By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation is to be neglected? A. What is the effective interest rate per year? A.108. A.79% D.560.200.49 570. find the equated time for paying a loan of P150.63 567. 19. Find the rate of interest. 5.510 B.000 on his 21st birthday.571.450.27 years B. how much is it worth today? A.85 575.45% 580.24 years 574. 4. A. P2. 19. P11.00 is made in a bank account that pays 8% interest compounded annually.36 D.759. If the amount is invested and earns 8% compounded quarterly.734. A man who won P300.45% C. 4. A. P1. the child will receive the amount of P300. P11. your great. Microsoft CEO. P76.63 565. 41. P27.000 in a lottery decided to place 50% of his winning in a trust fund for the college education of his son.91 B.32% 582. What is the discount value of this note. P2. 5.405.90 years C. P4.717.12 D.31 585. If the money will earn 14% per year compounded quarterly. What is the rate of interest for this project to break even? A. what will be the deposited amount at the end of 5 years? A. What is the present value of the inheritance as of the boy’s 6th birthday. 1. How much money will be in the account after 10 years? A.838. P15.29 569.000 in 10 years. 42.12% B. P11.78 B.36 C. 7.51 C.16 D. P39. P18.85 B.711. P1.511. 7. Find the present value of installment payments of P1. 7.21 B.249.015.582.872.638.00 B. If the bank will pay an interest of 18% compounded yearly. If interest is computed at 6% compounded quarterly.400. Robin Padilla possesses a promissory note. an extension to be added to cost P200.000. 5. What nominal rate compounded annually would quadruple the principal in 4 years? A.41 D.367. P4. P19. P4.52 years B.83 D.000 at the end of the third year and P5. Two hundred years ago. If money is worth 5% compounded quarterly. A.452. P1.96 568.570 563.689.42% B.25 D. P18. P15.782. 1. P592.10 C. A bank pays one percent interest on savings accounts four times a year.74% B. If the accumulated interest at the end of 2 years is P21. 10. The construction of a smaller building now to cost P300. 1.367. On his 6th birthday a boy is left an inheritance. The Philippine Society of Mechanical Engineers is planning to put up its own building.025. Alexander Michael owes P25. b. 14. P19.78 years D. How much must he pay at the end of two years if money is worth 5% compounded semi-annually? A.579.69 years D.901.000 due in 2 years. 40. 42. The inheritance will be paid in a lump sum of P10.089/78 562. What is the effective annual interest rate? A.000. A couple decided that for every child that will be born to them they will place a deposit in the bank so that on the child’s 18th birthday.16% D.5% per month. Find its effective rate.512. A man expects to receive P20.32 578.624. P11. 42. P201. Suppose that P100. 19.278. P3. P593. P2. P27.21 D. 7. A. P1. P4. 14. 1. P19. P11.667.66 C.90 C. 8. P593.89 C. The project would terminate at the end of the 5th year and the assets are estimated to have a salvage value of P25.450. What is the present worth of a future payment of P200. 8.550 D. P11.00 due in 1 year and P75.482.000 due in 4 years.12 579.518.811.00.000.56% D. P1.91 D. billionaire Bill Gates willed that a sum of $25 million be given to a child but will be held in trust by the child’s mother until it amounts to $45 million.30% C. P5. P39. P593. 14.000 to be made in 10 years with an interest of 10% compounded annually? A. A master card compounds monthly and charges an interest of 1.000.92% D.00 C.92% D.12% B. 19. Dr. What is your annual rate of appreciation? A.000.03 D.423.109. a man paid out the amount of P75.000 at the end of the first year.98 C. P15.909.002. How long will it take money to triple itself if invested at 8% compounded annually? A.91% D. P5.055. A.345.869.411. Find the difference between simple interest and compound interest on a savings deposit of P50. P27.000. P2.42 years D. Today.045. P2.026. 8. P19. P18. P11.102.158. He agrees to pay P50.611. great. you paid P34.035. if the interest is compounded annually? Assume i = 4%.11 years B. P201. P4.374. P39.000.000 in a time deposit that yields 10% for his retirement 30 years from now. JM paid P1. P18.00% C. Today you sell it at P50.23% B.56 years C.289. Two proposals being considered are: a.28% 561. P39.25 B.67 D. How much is the account today if it earns 8% per annum? A. P1. How much was the borrowed amount? A. If the sum of P15.18 B. 10.12 B.32 D. What was the amount borrowed by JM on June 1990 if the interest is 8% compounded annually? A.522.975.722.000 due in 1 year and P280. 000. P2. 6 D. What will be the total Model B: P152.000 at the end of established a fund starting in 1995 with useful life.11% January 1.) On January 1.88% 599.800 United States planned of returning to the He estimates that his equipment will have Philippines at the end of 2001. P2. P147. Analytic .95 600. She then received the following semiannual dividends: P4. On June 1.P13.323.200 D. how much will be in the account on April 1.87% D.000 at the end of 5th year appreciate at the rate of 15% and 4% per P80.000 due 2 years hence D. Jimenez owes Mr. T-bills B. is equivalent to a 10% effective His fund earned interest at the rate of rate? 3. P146.10% July 1. It is a series of equal payments occurring at equal interval of time. John Bongat working in the 7 P8.65% the fund at the end of 2001? D.73% per annum. P156. find the value of “n. This expense will be partially defrayed by the sale of the old machine as scrap for P30.000 due 3 years hence P72.7% 598. 11.170. A.200. Check D. P14.000 at the end of 2001 What cash disbursement will be necessary at the end of 2002 to purchase the new machine? A.000 at the end of 9th year cost of the land and structure 3 years The two models are alike in all other hence? respects. 3. P2.700 B.95 C. Bank note C. Annuity B.760 in cash Having won the lottery. An investment indicates a single compound amount factor of 1.000. D. P147. 1997 Withdrawal of P12.000.12 D. JRT Publishers is contemplating of considering whether it should purchase installing a labor-saving printing this land and build the building now or equipment. 4.000. 4. P61. Angel Locsin opened an account at Bank of Philippine Islands with an initial deposit of P1.00. 5 C. The paper currency issued by the Central Bank which forms part of the country’s money supply.000 today to be repaid in five years in one lump sum at 12% compounded annually.89 B. Padua the B. Several years later. It is a series of equal payments occurring at equal interval of time where the first payment is made after several periods. Inflation D.452. 4.” A.00.520. how much profit. 10. Kind of obligation which has no condition attached. Deferred annuity 606.890.500 596. 3.) Mr. 1998 Deposit of P64. 1999 P4.95 D. 1998 P4. At that date. Break even – no gain no loss 607. P61. receiving P152. 2000? A.23 following amounts: C.021. 4.902.715. withdrawals.000 + P1.000.769.200 + P1.068 accrued if the publisher will purchase the C.968. the firm will deposit the following sum in an account earning interest at 5% compounded quarterly: P60.5% compounded semiannually until the end of 1997.91% 589. What is the future amount of P50.846. Coupon 601.460.08 591.89 5 P6. she opened an additional P1.000.54% C. P153.000. If the balance doubles in 6 years. P147. 1999 P4. decided to liquidate the debts at the His estimates of the year-by-year receipts present time.000 590. The place where buyers and sellers come together. 9.000 if the single payment compound amount factor of this investment is 1. what sum must Mr. A. P44. Money is deposited in a certain account for which the interest is compounded continuously.95 B. What is the single payment present worth factor of this investment? If the amount was invested for 5 years.53 P40. is realized over the five-year period? A.26% semiannually.900 C. 2000 After receiving the last dividend.992. 11.000 at the end of 2000 P80. after the beginning of the payment.1% B. If the rate of inflation is 4% compounded annually. P44. Marcial sold her stock. Mr.10 C.400 on June 1.20 0 0 .520.400 on December 1.32 if invested for “n” years. Brenda Marcial purchased stock of San Miguel Corporation at a total cost of P144. A. If the interest rate is 4. The new machine to replace the existing one will have an estimated cost of P400. the interest was A.851.56% A. Debt C. Monopoly D. P14. P61. 11.500 593. 10.000 C.189 more economical model? D. invests P100. 11.760 B.000 after deduction of brokerage fees. A. Engr. Recreation center D.160. Ms.512.021. Deflation C. Find the rate of return of the the following recorded deposits and prospective equipment.000 due 4 years hence 595. it becomes P60.11 P60.180.000.800 + P1. plans to B.968.000 at the end of 10th year annum.000 Building: P12. which model should A. Oligopoly C.085. 1998.672. P147. 1997 Deposit of P80. If the bank pays 12% interest compounded monthly. Annuity due D.000 monthly.000 D. P155.66% C. 2000. Amortization D. 9. Ms.3% C. P44. The total income equals the total operating cost. What semiannual rate did this dividend realize on her investment? A. Business C. Narito has P13.022.82 since the school building is not an immediate requirement.968.23% A.781 A.012. If the two parties agree on a and disbursements for all purposes are 5% interest rate. 3.77% D.23 587. He a salvage value of P2. What will be the principal in C. P14. Froyd Wess Network Inc. The current different models. Mr. Ordinary annuity C. Jimenez and he would like to invest it in business. 9.000 today.586.341. 11. A. A. First Benchmark Publisher Inc.930.200 D. Model A will cost costs are as follows: P1. Reduction in the level of national income and output usually accompanied by the fall in the general price level. A manufacturing firm contemplates retiring an existing machine at the end of 2002. It has a choice between two defer this action for 3 years.000 P1.000 C. P8. Market B.902.200 on December 1. the institute is 594. Devaluation B. Deposit 603.26% B. Oligopsony 605.81 6 P7. Depreciation 602. 3. P9. P146. Perpetuity B. To accumulate the balance of the required capital. P146.80% January 1. P9. 4 B. If the publisher is earning a 7% return of its capital. shown in the tabulation below: Jimenez pay? Year Receipts Disbursements A.5% D. 9.99 purchase a piece of land and to build a C.000 while model B will cost Land: P800. 1995 Deposit of P40.901. P61. A market whereby there is only one buyer of an item for which there are no goods substitute A.190.38 588.918. P146. What interest rate. 1999. Monopsony B.000 at the end of 1999 P60. 1999 Withdrawal of P48. respectively.000 B.55% B.346.51% July 1. P44. P8. P2.45% augmented to 4% compounded B.000 on June 1.000.500 + P1.120 be purchased? How much savings will be B. 7 597.64 D. A. P154. Mondragon invests P50. compounded January 1. 11. Check and balance D.12 B. Mr. what is the annual percentage rate? A. in today’s pesos. On March 1.18 592. Balanced sheet B. A. In-place value C. Buy and sell section 604. what is the rate of interest? A. P15.56 C.92 school building on this land.02 4 P5. The anticipated repair costs The purchase price of the land and the for each model are as follows: cost of the school building are expected to Model A: P60.968. However.000. Ms. P8. If money is worth 14% compounded annually. P38. year 1.04 B.000. P1. P2. Compute the amount of the monthly payment. B. P5. Find the annual payment to extinguish a debt of P10. He agrees to pay his obligations by paying 8 equal annual payments.09 C. P42.100. Market value B. Operating and maintenance costs C.778. redeemable at par at the end of 15 years to accumulate the funds required for redemption. Delict B.29 D.107. A piece of machinery can be bought for P10.34 617. The firm established a sinking fund consisting of annual deposits.000 on the date of the last deposit.89 C.00 face value each.000 each.681.71% C.000 downpayment and 10 deferred semi-annual payments of P8. P10.672.59 630. P8. hence? A.08 B.205. What was the principal in the fund at the end of the 12th year? A. 19th. P8.92 634.34 D. If the interest is 12% compounded quarterly.000 cash or for P2.662. Sinking fund C. A. Pure C. Salvage value D.61% B.12 C. Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters. A. What annuity is required over 12 years to equate with a future amount of P20.000. Inflation 615. year 6? A. P40. GS and A expenses B.604. P17.32 B.02 B. P37. Depreciation B. P8.540.13 D. P40.10 624. Operating cost per year = P500. P1. Find the annual payments.22 620.000? Assume i = 6% annually.00 Salvage value of dye = P600.000 with 10% interest compounded semi-annually is to be amortized by semi-annual payment over the next 5 years. in order to accumulate P5.504. What is the annual payment? A. P2.590.26 619. Determine the sum of money that must be provided. a businessman borrowed money to be paid in 10 equal payments for 10 quarters.562. P5. 4.56 D.162. What is the accumulated amount of five-year annuity paying P6. Book value 612.90 C.234.190. A factory operator bought a diesel generator set for P10.12 C. If the interest rate is 10% compounded quarterly and the quarterly payment is P2.74 618.454. Technological assessment D.255. P10. P2.666. The first due in 6 months. how much was initially borrowed if quarterly payment is P2. starting at the end of 5 years from the date of purchase. A.275. Physical inventory B. A man loans P187. Artificial expenses that spread the purchase price of an asset or another property over a number of years. Consists of the actual counting or determination of the actual quantity of the materials on hand as of a given date. The sum of these two direct costs is known as: A. P10. P1. P806. Private 608. P808. P1.78 B.185. Determine the semi-annual payment.000 for a house and lot and agreed to pay the 90% balance on monthly installment for 60 months at an interest rate of 15% compounded monthly.99 B.000 each on the child’s 18th. P40.500. A. the first being due at the end of 10 years.71 D. A.54 C. What is the present worth of a 3 year annuity paying P3.821. P7. P42.89 C.12 623.519.290. P143. A parent on the day the child is born wishes to determine what lump sum would have to be paid into an account bearing interest at 5% compounded annually. Today. Estimated value at the end of the useful life.835.00 The money will be deposited in a savings account which earns 6% interest.00 B.12 D.520.17 B. What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year. P17. P1. P1. how much did he borrow? A.000 at the end of each year. starting three years from now. A man borrowed P300. P702. P142.489. Acid-test ratio 610.34 C.26 C.47 C.404. P143. P43.67 C. Annuity C. Material update C.33 B.81 D. A.00 at the end of each year.218.899. A. P807. P17. P42. P1.45 C.29 C.194.834. P10. P2. Material count 613.600. How much must you invest today in order to withdraw P2. with interest at 15% compounded annually? A.174.00 633. P1.12 C.400 from a bank with interest at 5% compounded annually.000 and a yearly payment of P100. Perpetuity D. A person buys a piece of lot for P100. P2. 20th and 21st birthdays.544.000 at the end of each year for a period of 10 years. P37. What is the present value of the investment if the rate of interest is 12% compounded semiannually? A.38 B.278.450. P7. the interest rate of the fund being 4%. Gratuitous D. in order to withdraw P20.17 C.91 D.67 D. How much is the lump sum amount? . P43. A house and lot can be acquired by a downpayment of P500. what is the cash price of the property? A.20 627. Amnesty D. P731. Bond 611. An index of short term paying ability is called: A. including the cost of the initial dye. 4.000 payable for 6 years at 12% interest annually.000.09 D.000 down and payments of P750 per year for 15 years. P2.00? A. with interest at 8% compounded annually? A.57 B. O and M costs 609.00 Cost of dye = P1.68 622. If money is worth 8% per annum.26 D. P40.295. P12.68 D.234.324. A. P2. P727. Fair value C. A man paid 10% downpayment of P200. A. P7.23 626. A company issued 50 bonds of P1. P2. P17.02 D. Profit margin ratio C. Current ratio D. Receivable turn-over B. 4. P7. P807.342. Direct labor costs incurred in the factory and direct material costs are the costs of all materials that go into production.128. P728.504.835.654.004. P12. P12.57 D.420.992. January 1.08 629. how much should he deposit to a bank monthly in order to discharge his debt 10 yrs. P742. P714.731.90 628. P12.200.626.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually.999. A debt of P10. Technological assessment D.89 D. P5.000.10 B. P43.263. P43.21 B.226. P142.329.00 631.57 621.250. Depreciation B.34 B.12 D.120. Prime cost D.104.02 C. that the final payment will cancel the debt for principal and interest. Bid bulletin 614.62 B. P717. P5.22 C.09 B. A. Additional information of prospective bidders on contract documents issued prior to bidding date.000 annually for 10 years if the interest rate is 9%? A. How much must be deposited at 6% each year beginning on January 1. P42.000. P37. 4.00 D. A series of uniform accounts over an infinite period of time.432.002.29 C.999. Escalatory C. A manufacturer desires to set aside a certain sum of money to provide funds to cover the yearly operating expenses and the cost of replacing every year the dyes of a stamping machine used in making radio chassis as model changes for a period of 10 years. A. if the annual interest rate is 10%? A.304.000 from a lending institution which will be paid after 10 years at an interest rate of 12% compounded annually.41% D. What is the annual interest rate for the time payments? A. P716.34 D.86 B.17 616.05 625.812.189.23 B.51% 632.763. P500 at the end of each month for 10 years at 12% annual interest compounded monthly. If the interest rate is 6%.29 for 5 years.801. The president of a growing engineering firm wishes to give each of 50 employees a holiday bonus. P7. P13. How much principal does he still owe? A.178.645.000 worth of land. P12.44 B.86 B.000 and a life of 10 years. P807.000 is made today and is equivalent to payments of P200.08 C.75 652. A man paid 10% down payment of P200.573.486.000. P12. 23% C. 1. Mr. Cruz plans to deposit for the education of his 5 years old son. Inflation is 2% per year.73 C.08 D. 33. P840. P30.63 D.1% D.67 D.23 D. 24.404.77 C.000 for 2 years. P1.52 647. P7. What uniform annual amount should be deposited each year in order to . P850. P13.271. P3. P13.38 C. A manufacturing firm wishes to give each 80 employees a holiday bonus.00 at 10% effective annual interest. so that each employee will receive a P2.000 bonus? A.080.245. 4 C.15 B. P1.22 636.000 per year for four years to go to college. An investment of P350. P6.00 B.00 today and has an estimated scrap value of P2. 25.942. Given the effective annual interest rate of 18%. the machine will generate a savings of P15. what is the approximate rate of return (ROR) on the investment? A. Assuming a 6% annual effective interest rate.303. P10.292.12 B.510. P1.100.32 D.34 B. P30. P10.611.489. What does Mr.699. What will be the amount that will be available in 2 years? A.000 at the end of your 17th.87.149.80 D. P3.08 638. an engineering firm has decided to take out a 10-year P1. P1.000.221.73 D.205. P3. 33.8% C.44 B. P10. P3.202. P13.874. A machine is under consideration for investment. P7.6% 640. on the investment of the machine? A.98 B.000.000.7% B. How much is needed to invest monthly for a year at 12% nominal rate compounded monthly.80 D. P13.101.000 each year for 3 years.19 B.119. A young engineer borrowed P10. P13.2% B.389.231.60 B.799. Each year it operates.516. P6. 32.000.589.16 D.16 C.39 B.00 bonus? A. What does Engr.500 and your revenues per year is P9.200. Compute the semi-annual amount that will be set aside for this equipment. he decides to discount all 5 sum. P3. P6.000 a year for the next 15 years. He must pay back the loan over 30 years with uniform monthly payments due on the first day of each month. 5 D. P1. Padilla plans a deposit of P500 at the end of each month for 10 years at 12% annual interest. how much will be left in the account at the end of the 21st year? A.000 was bought with a downpayment of P162.00 loan for a new building at 6% interest.12 D. The cost of the machine is P25. A.608.000 every end of 3 months for 10 years.13 C. 18th.75 C. A.000 and monthly installment of P10.32 645. P1. what is the discounted payback period.345. P7. The amount that will be available in two years is: A. a salvage value of P2.000 at the end of 8 years.67 650.80 C. 3.22 C.12 C.22 C. The interest rate is 12% nominal and payable in 20 years.425. Your father invested P5.000. 6 649. What is the annual rate of return on investment for the project? A.09 C.210.702.67 C. A man inherited a regular endowment of P100. One year prior to the receipt of the first sum. Mr.12 D.590. P1. Ayala pay each month? A. P13. He just made his second annual payment. what proceeds will he obtain? A. so that each employee will receive a P1.000.56 655.62 D. 24% A.99 656. The firm will invest P100.89 D.75 651. he may choose to get a single lump sum payment at the end of 4 years. The effective annual interest rate earned on money invested is 8%. P814.215. P3. P40.22 C.329.15 D. P13. P242. Santos pay each month? A.000 per annum for the last 4 years. P12.86 C.939.73 B.37 D.623.615.680.486.000 two years ago.000.22 B. Maintenance cost of an equipment is P200. P242. If you withdraw P4. 2.00 at the end of each year for 5 years. P13. P3. 33.841.666.12 648.000. What does he have to pay at the end of the fifth year in order to pay off his loan? A. What was the rate of interest if compounded 5monthly? A.806. Mr.000 at the end of 4 years and P80.73 635. find the value of x? A.821.71 644.70 642. P3. An instructor plans to retire in exactly one year and want an account that will pay him P25. A small machine has an initial cost of P20. 25.000. You need P4. in years. P839.39 D.4% 643. what is the amount he would need to deposit now? (The fund will be depleted after 15 years). P6. P1. P849. P838.263. What is the monthly amortization? A.72 B.00. P1.000.472.00 after 8 years.000 in 7% account for your education when you were born. P1. P10.80 637.676.000 for a house and lot and agreed to pay the balance on monthly installments for “x” years at an interest rate of 15% compounded monthly.941. P842.222.860.32 646. P242.600. P13.11 D. The terms of the loan are 10% interest for 10 years with uniform payments.941. He must pay back the loan over 30 years with uniform monthly payment due on the first day of each month.22 D. P30. P3. Engr. A man purchased on monthly installment a P100.000 at 10% effective annual interest. 2. If your cost of operation per year is P3. If the monthly installment was P42. Ramirez borrowed P15.999.089. How much is needed to invest monthly for a year at 12% nominal interest rate compounded monthly. P3. How much money needs to be set aside each year to replace the machine with an identical model 8 years from now? 653. P3. Ayala borrows P100. Mr. Money worth 10% compounded annually.607. 24. P13.80 B.419.023. However. P12. P3.298. compounded monthly. Santos borrows P100.89 D. A. 3 B.00 in annual rent for office space at the beginning of each year for the next 10 years.73 B. P1. Instead of paying P100.2% D.21 654.922.982.93 C. P242.286. 19th and 20th birthday. An employee is about to receive the sum of P300.272. How much is this lump sum of the cost of money is 14% compounded quarterly? A.50 C.93 639. A machine costs P20. P30.22 C.00. P1.562.08 B.000 at 12% interest and paid P2.000. 21% B.8% C.89 641.00 of the rent saved and earn 18% annual interest on that amount. 20% B. What will be the difference between the firm’s annual revenue and expenses? A. P13. A service car whose cash price was P540. To provide the required capital expense.802. A car dealer advertises the sale of a car model for a cash price of P280. Once the day he paid the 20th installment.225.17 B.702. How much yearly deposit must the company deposit in a sinking fund that will pay 18% interest. P371.560.089.00 C. P1. P5.00 from Social Security System.980. Rej Averion borrowed P50.078. How much is his monthly payment? A.939.37 B. what is the equivalently lump sum that he could get? A. 11 C. P196. P100.00 C. P14.5% interest per month.701. P1.008.17 D. P100.22 D.24 B. Once the day he paid the 20th installment. P5.78 B. P197. If purchased on installment. P187.780. at an annual interest rate of 7%. He was able to negotiate with the seller to allow him to pay only a downpayment of 20% and the balance payable in equal 48 end of the month installment at 1.78 A.801.590.900.79 665. A man purchased a car with a cash price of P350. However.00 a machine which is estimated to have a salvage value of P50.58 D. a fabrication company purchased an adjacent lot for its expansion program where it hopes to put up a building projected to cost P4.927. trustworthy and efficient. P14.199. instead. If you obtain a loan of P1M at the rate of 12% compounded annually in order to build a house.289.00 for 10 years with the first payment to be made one year after his retirement. the company has offered a supervisor a yearly gratuity pay of P20. Find the quarterly payments. For tax purposes.12 D. P16. for cash purchase.12 C.00 every end of 3 months for x years. no further payment will be made after three years.890.576.000. a sinking fund consisting of three annual payments is established now. P371. The supervisor.450. In five years.12 661. If P500.074. P13.821. P195. P35.12 657. P188. P185. What is the remaining balance that he paid? A. how much must 664.18 B. P42. P3. P43. with interest at 8% compounded quarterly payable in equal quarterly installments for 10 years. P1. If interest is 15%.12 658.871. P15.000.827.632.000. What payments are necessary if money worth 15% per annum? C.778. in the form of calamity loan.00 is invested at the end of each year for 6 years.720.357. requested that he be paid a lump sum on the date of his retirement less interact that the company would have earned if the gratuity is to be paid on the yearly basis.12 C. compounded yearly.23 C. what is the value of x? A. P3. he may choose to get a single lump sum of P3.609. Under this arrangement. to accumulate the needed fund to purchase the new machine at the end of the 10th year economic life of the machine it purchased if a new machine will cost 75% more by that time? A. P34.000.467.29 B.000.83 B.287.074. what is the total peso amount available upon the deposit of the sixth payment? A. P15.781.00 at the end of its 10 years economic life.002. P3. A man inherited a regular endowment of P100.185. P8. However.52 B. For having been loyal. A man purchased a car with a cash price of P350.000. P3. P35. 13 663.801.25 667.85 670. it plans to put up a sinking fund for the purpose.670.000. the machine would only cost P195. P15.63 659.52 B.22 C. A man paid a 10% down payment of P200.000. P8.00 when it will be constructed 10 years after. P3. P371. P3.52 B. In order to generate this sum.71 B. .17 B.87 D. P194.26 D.000.75 D.00 at the end of the 5th annual deposit if money earns 10% interest? A.32 A.23 D.780.5% interest per month.23 C.000. P15.37 666.225.15 D. How many years must you invest today in order to withdraw P1. P13. P18.13 C. P8.102.929. P15.34 D. P43. A company purchased for a cash price of P500.5% per month. What was the monthly installment in pesos? A.890. P5.03 A.735. P100. P186. Find the present value in pesos. P3.12 C.980. 10 B. In anticipation of a much bigger volume of business after 10 years. A machinery supplier is offering a certain machinery on a 10% downpayment and the balance payable in equal end of the year payments without interest for 2 years.00 D.64 660.671. of a perpetuity of P15.000 payable semiannually if money is worth 8% compounded quarterly.20 669.783.00 per year for 10 years if the interest rate is 12%? B. P371.537.37 D. P100. you pay monthly to amortize the loan within a period of 10 years? 662. P34.000. P16.189.87 A.000.859.20 668. the regular downpayment is 15% and balance payable in 18 equal monthly installments at an interest rate of 1.375.919. P1.12 C.78 B.12 C. If the rate of interest was 14% compounded quarterly. 12 D. P8. P15.000 for a house and lot and agreed to pay the balance on monthly installments for 5 years at an interest rate of 15% compounded monthly.11 671. he decided to pay monthly payment.994. He was able to negotiate with the seller to allow him to pay only a downpayment of 20% and the balance payable in equal 48 end of the month installment at 1.80 at the end of 4 years.000 will be needed to pay for a building renovation.73 C. How much must the company deposit each year if interest to be earned is computed at 15%? A.00 C. How much will be required monthly payments? A.000.90 D. the price is pegged to be P250.379.650.56 D. P42.008. P3.719. A. he decided to pay monthly payment. P5.accumulate P100.712.000.552. 4.775.917.04 D.0492% D.000.74% B.23% 681. P34.492% B.173.000 at 10% compounded annually.000 B. 35. P34. 49.000.48 D.000 684. P2. P6. P6.710.523. Believing in the good potential of the company. The average annual cost of damages caused by floods at Dona Rosario Village located along Butuanon river is estimated at P700.5% per month.000 is deposited each year for 9 years. P6. How much shares of stocks will he be able to purchase at the end of the fifth year of his yearly deposits? B. The stock has a par value of P100. Bacolongan of Main Engineering decided to purchase a machine which is to be used for their refrigeration and air-conditioning works at an amount of P1.601.44 677. 4.56 B.675.00 from a bank at 12% interest. 19.54 C.000.5 years D.000 were offered at 10% downpayment and P500 per month for 25 years. P280. 4.00 per annum for the first 4 years. Narito is borrowing from the bank? A. The machine will be replaced with a duplicate and the firm will accumulate the necessary capital by making equal end-of-year deposits in a reserve fund that earns 6% per annum.00 per share. P270. compounded annually.507. P7.00 and the balance payable in 24 equal monthly installments. 482 C. P2. 5.0 years C. P72. P250. Determine the annual deposit.311.662.000. what is the amount of the donation? A. P277.00 D. and paid P2. 476 B. P2. P6.180. If the fund earns 8% interest.00 and a monthly amortization of not more than 30% of his monthly salary. P99. when the company’s thought to have gained stability already.35 A. She made a downpayment of P5. P280.What is the equivalent interest rate that is being charged on the 2-year payment plan if interest is compounded quarterly? of a car he can purchase if the seller will agree to a downpayment of P10.000.00 a month and he can afford to purchase a car which will require a downpayment of P10.90 D.200. P99. Rodel Narito agreed to pay the loan he is borrowing from a development bank in six annual end-of-the-year payments of P71.2% 680.22 C.890.71% B. Interest is 18% per annum compounded annually and is included in the yearly amount he will be paying the bank. 19. The useful life of the machine is estimated to be 5 years with a salvage value of P80.190. P7. P7.000 each year thereafter. P34. P72.89% D.673. What should be the maximum cash value 676.660.000. The scholarship will start one year after the fund is established. A company has approved a car plan for its six senior officers in which the company will shoulder 25% of the cost and the difference payable by each officer to a financing company in 48 equal end of the month installments at an interest rate of 1. P99. 36.664.21 D. A debt of P12.490.21% C. 19. 0. Juan dela Cruz borrows P100.70. 18.000.94 673. P34. P135. A. If a low cost house and lot worth P87.37 674. how much annuity can a person get annually from the bank every year for 8 years starting 1 year after the 9th deposit is made. P135.000. Engr. The average annual rate of inflation during the next 5 years will be 7%.619. 675. How much of the original principal is still unpaid after he has made the tenth payment? A.467. To build a gravity dam to protect the area from the floods.92% C.72 D. 35.507.50 B.567.54 A.782.409.12 685.89 C. agreeing to repay the loan in twenty equal annual payments.0 years A.000.807.47% B. P278. P7.81 D.189. If P10. An employee is earning P12. With interest at 8% compounded annually. what is the effective monthly interest rate on the diminishing balance? D. P135.000 A. an employee decided to save in a bank the amount of P8.000 as based on current prices. 5. P69.000 for the next five years and P10. P2. how many years will it take for the dam to pay for itself? 683.78 678. Engr.000.00 B.90 B. Rona wishes to purchase a 29-inch flat-screened colored TV at Bodega Appliance Center an amount of P20.00.47% A.000 C. The fund will grant P5.000 with an interest of 20% compounded quarterly is to be amortized by equal semi-annual payments over the next three years. determine the amount each officer has to pay the financing company per month? A. 0.21 C. Bacolongan of Main Engineering decided to purchase a machine which is to be used for their refrigeration and airconditioning works at an amount of P1. If financing charge is 12% for each year computed on the total balance to be paid by installment and interest rate 12%. P279.54 B. would cost P2. P99. P135.5 years B.00 at the end of every year which will earn for him 9% interest.000. 480 B. Cost of money is 14%.000. If the cost of each car is P350.200. P260.867.18 D. A businessman borrowed P10.267.30 672.723. the first due in 6 months. Engr.500.71 D. A fund donated by a benefactor to PICE to provide annual scholarships to deserving CE students.00 D. 478 C.812.000 for each of the first five years. The useful life of the machine is estimated to be 5 years . How much money Engr. how much would Rona pay every month for the colored TV? What will be the actual cost of the money? A.000. P72.21% C.590.42 C.605. What does he pay at the end of the fifth year in order to pay-off the loan? A.31 C. How much is the semi-annual payments? A.477. Mr.80 C.00 and the balance payable in four years at 18% per year payable on monthly basis? The first payment will be due at the end of the first month? A.000.000 and would involve an annual maintenance cost of P20.90 682. A new company developed a program in which the employees will be allowed to purchase shares of stocks of the company at the end of its fifth year of operation. 36.42 679. P8. P34. If money is worth 6% per annum. 34.890. A. John Smith plans to purchase a new house costing P1.710. P347.89% D.29 C. He estimates that the average receipts from the rental during this period to be P350. he will hold it for about 10 years. Because of the peso devaluation.490. P367.74 694. what is the effective interest rate on the diminishing balance? B. P216.20 D. P233.61 Cash Price: Discount of 10% of the marked price B. The product will generate cash proceeds of P20.12 A. The program requires the following estimated expenditures: P1. The cost of money for the company is 10%.000.000. Instead of buying the new building. The cost of money for the company is 10%. the balance payable P1. Bicol Hardware Inc is considering two alternative strategies for a new power tool. P234. Froyd Review & Training Center Inc. Bicol Hardware Inc is considering two alternative strategies for a new power tool. P2.000 at the end of 2002 P1. If interest .000 semi-annually for 7 years. A.200.000 with a low price strategy. P33.54 D. There were two interested buyers submitting their respective bids for the heavy equipments.089.27 689.05 B.000.76 D.189. P45.000. Engr. P2. determine the annual deposit. P2.062. D.12 A. Ignoring effects on income tax.00 and the average expenses for all purpose in connection with its ownership and operation (maintenance and repairs.733.490. Calculate the annual deposit.000.980.200.43 686.34 D.000 payable P2. 690. P2.165. According to Jun Ramos who is introducing the power tool. Lim Bon Fing Y Hermanos Inc has offered for sale its two-storey building in the commercial district of Cebu City.230. A.000.56 If you are buying a necklace with a marked price of P5.000 but will have a life of only one year. the first deposit has been made at the end of 1992. Calculate the balance in the fund on January 1. P33. P40.500.000 interest per year and repay the face amount at maturity.000 as downpayment and P4.000 interest per year and repay the face amount at maturity.000. A prospective buyer estimates that if he buys this property.733.779. Determine the net present value of the low price strategy. The machine will be replaced with a duplicate and the firm will accumulate the necessary capital by making equal end-of-year deposits in a reserve fund.185. 35.747. P2. Jan Michael has an option of leasing it for P140. If the buyer is required to pay P40.33 C. 20-year bond that would pay P150. Buyer B offers P9.34 B. Froyd Review & Training Center Inc.000 down payment.000 with a low price strategy. how much is the difference between buying in cash and 693. The building has an expected life of 20 years.399. Instead of buying the new house. what is the difference between buying the building and leasing the building? A.11 B.82% D. If the rate of return on this type of investment is 7%.90 C. P233. The average annual rate of inflation during the next 5 years will be 7%. P41. P2. Padilla Pawnshop sells jewelries on either of the following arrangements: buying in installment? Assume that money is worth 5%. The product will generate cash proceeds of P20.000 at the end of 2002 P1. Determine the net present value of the high price strategy. Edwin Astorga plans to purchase a new office building costing P1.) to be P135.05 C. With a high price strategy.000. he can least it for P140. With a high price strategy. 34.000 is to be purchased through a finance company instead of paying cash.526. P346. P365.27 B.380. P217.45 B.000.520.95 688.000 at the end of 2001 P1. is expanding its school facilities starting 2001. P34.737.12 B. it establish a sinking fund constituting of 15 uniform annual deposits.34 C. He can raise the building by issuing a 10%.000. P217. 35. etc.000 per year and will have a life to two years.000 payable 20% downpayment. The program requires the following estimated expenditures: P1.019.980.000. Triple J Construction Firm had put up for sale of some of their heavy equipments for construction works.000 annually for 8 years.902.01 A.768. the balance payable P500. the first deposit has been made at the end of 1992.00 691.518.000 as based on current prices. P33.000 at the end of 2003 To accumulate the required funds. He believes that the property can be sold for a net of P2. The building contains two stores on the ground floor and a number of offices on the second floor.679. The interest rate of the fund is 2% per annum. the new product will require an outlay of P30. P32. 692. P2.29% 687. insurance.757. P216.000.000 at the end of the 10th year.520.070. it establish a sinking fund constituting of 15 uniform annual deposits. He can raise the building by issuing 10%. P43. the product will generate cash proceeds of P36.000 at the end of 2001 P1.000. a car costing P150.727.000 each month for 4 years. P366.54 D.000 but will have a life of only one year.12 C. the first payment due one year from now.156.120. P2. the product will generate cash proceeds of P36. janitorial services.600.89 D. is expanding its school facilities starting 2001. P234. The bids are as follows: Buyer A offers P10.03 C.89 695.175. P34.00.560.000 per year and will have a life to two years. the new product will require an outlay of P30. How much is the difference between the two bids if money is worth 10% effective? A. According to Jun Ramos who is introducing the power tool.000 per year.000 at the end of 2003 To accumulate the required funds. A. 2002.with a salvage value of P80.500. P34.12 B.34 C.390. The building has an expected life of 20 years.389. A.12 D. P346. P347.29 B.10 C.00 Installment: Downpayment of 20% of the marked price and the balance payable in equal annual installments for the next 4 years.000 per year.28% C. first payment being due one year from now.000. determine the cash price of this property for the buyer to recover his investment with a 7% return before income taxes. The interest rate of the fund is 2% per annum. P364. 20 year old bond that would pay P150.070.195.890. P738.617.843. The quantity of a certain commodity that is offered for sale at a certain price at a given place and time.000 will be required which must be recovered in 15 years. P280. He promised to repay the loan with interest at 4. P60. P815. A housewife bought a brand new washing machine costing P12. Domestic and foreign operations yield the same rate of return.67 C. running through the end of the 10th year. the physical assets.000 cash.12 702.000. 697. material cost by P7. Supply C. could be sold at P5. P52. P846. An expenses D. A. A group of Filipino Mechanical Engineers formed a corporation and the opportunity to invest P8.000 + 10% of sales Materials Labor Overhead Selling expenses Engr.34 D. but it is believed that.000 per year and overhead cost by P8.86 707.90 D.010. being paid. P67. NSN Builders plans to construct an additional building at the end of 10 years for an estimated cost of P5. After that time.000 B.65 B. This operation would involve no net cash flow during the first 3 years.charge for leasing is 12%. P66. it will have equal year end deposits in a fund earning 13%. beginning with the end of the fourth year. P52. Demand B. Depletion . A house costs P400.000 annually at the start of each year for the renewal period. Neither yes nor no because it simply breakeven C. A.000 per year. P273. This will result in decreasing labor cost by P10. P51. The first is to expand a domestic operation. if any. P2.000 payment to be made 3 years after the date of the loan.5% in 10 equal semi-annual installments. an annual flow of P4. it is believed that the operation and facilities might be expropriated. Domestic operation has double the rate of return of the foreign operation.391. Lease is more economical than borrow and buy. An investment of P100.000 each year for 10 years and at the end of that time. with option to renew the rent for another years by payment of P15. D. A Civil Engineering student borrowed P40.000. Board of Directors C. P742. P740. P830.000 if paid in cash. What is the highest position in the corporation? A. the rental for the use of equipment and facilities as paid 5 years in advance.890.000 per year.94 699. If money is worth 8% compounded annually.000. D. To accumulate the amount. A father wishes to provide P40.900.000. she can purchase it on installment basis to be paid within 5 years.589. P252. Yes. A. P51. Now. If the lessee will consider the request. An owner’s equity 706.000 cash. P261. which of the following is true? A. Private D.10 D.20 D.900. Which of the following is true? A. A. Goods 705. Borrow and buy is half the value than lease.000 P2. Work-in process is classified as: A.000. P2. compensation.901. However. Stocks D. at the end of the 5th year.00. It depends on the current demand of the market.000 in either of the two situations. C.93 C.002. Inflation B.000 for his son on his son’s 21st birthday.740. Pure 708.13 D.10 C.00.80 C. it is not a sound idea B. P65. with little. if the first deposit was made when the son was 3 ½ years old? A.000.346. is investing in this business a sound idea? A. If he expects to earn at least 20% of his capital.00 to meet college expenses during his senior year. Foreign operation yields bigger rate of return.58 B. what would be the fair prepayment to be made to the lessor if interest is now figured at 8 %? 704.000. P2. Two years ago.12 P5.48 B. Foreign operation yields approximately 3% less rate of return than domestic operation. it is a sound idea A.000.890. what is her yearly amortization if all payments are to be made at the beginning of each year? A.701. The alternative opportunity would involve building and operating a plant in a foreign country. Stockholders 703. Edward Zuela is considering establishing his own business.90 698. the first P70. to discharge all his liabilities as to the principal and interest at 7% compounded annually. P734. It is estimated that sales will be P150.000 per year and that annual operating expenses will be as follows: B.000 would be received.782.45 C.000. P68. the lessor asks the lessee if it could be possible to prepay the rental that will be paid annually in the renewed 5 years period. C. What should be the annual deposit for the last 5 years? A. Engr. P829. 696. An asset B.000 at the end of 2 years and a sequence of 6 equal annual payments starting with one at the end of 4 years.204. However.45 D. Decrease in the value of a physical property due to the passage of time. Public C.000 per year and devote full time to the operation of the business. It is estimated that this investment would return a net year end cash flow of P2. Find the annual payment which must be made for 6 years.000.89 C. Equitable B.12 D. Zuela will give up his regular job paying P15. B.68 700. which would no longer be needed. P2.90 A. How much will this payment be? P10. No. A liability C. President B. it was decided to have a larger building that originally intended to an estimated cost of P8. Borrow and buy is economical by almost a hundred thousand than lease. Chairman of the Board D. A purchaser will pay P90. How much should he deposit every 6 months in a savings account which pays 3% compounded semi-annually. B.14 B. Type of ownership in business where individuals exercise and enjoy the right in their own interest. Lease has same result with borrow and buy. 701. A market situation where there are few sellers and few buyers. Economic life C. Bilateral oligopsony 724. Bilateral monopsony 725. Those funds that are required to make the enterprise or project a going concern. Monopoly A. Partnership D. which specifies the actual rate of interest on the principal for one year as: A. Interest D. This occurs in a situation where a commodity or service is supplied by a number of vendors and there is nothing to prevent additional vendors entering the market. and other assets that can be converted quickly into cash. Duopoly D. Luxuries D. An association of two or more individuals for the purpose of operating a business as co-owners for profit. Effective rate 711. that will be purchased in somewhat the same quantity even though the price varies considerably. A condition where only few individuals produce a certain product and that any action of one will lead to almost the same action of the others. It is the amount which a willing buyer will pay to a willing seller for a property where each has equal advantage and is under no compulsion to buy or sell. Depreciation 709. A. Monopsony C. Authorized capital B. Face value C. Oligopsony 723. A market situation where there are only two buyers with many sellers. 726. Necessities C. Semi-monopoly C. Necessities C. such as accounts receivable and merchandise are called: A. Money market 718. Monopoly D. Book value B. Total assets B. Investment C. Products. Subscribed capital A. Money paid for the use of borrowed capital. Discount B. Exact interest rate D. Gross margin C. Monopsony C. Market value C. A. Discount B. Current accounts C. 714. Sinking fund B. Salvage value 716. Utilities D. Bilateral monopoly D. Luxury C. The worth of the property equals to the original cost less depreciation. Escalatory clause C. A. We may classify an interest rate. Perfect competition B. Luxuries D. goods and services 715. Perfect competition A. A. These are products or services that are required to support human life and activities. A. Current assets D. Worth of the property as shown in the accounting records of an enterprise. C. Initial investment B. Fixed assets C. Capital recovery C. All of the above 717. Rate of return B. Working capital D. Physical life D. sales less cost of goods sold. Utility B. Recession D. Depreciation recovery A. Secondary cause B. Sole proprietorship B. Profit 720. Oligopoly D. Subscribed capital D. A. A. The provision in the contract that indicates the possible adjustment of material cost and labor cost. A. A. 729. . Oligopsony C. A market situation where there is one seller and one buyer. The present worth of all depreciation over the economic life of the item is called 727. Gross profit. Rate of return C. 713. Fair value B. Profit margin B. A. Nominal rate B. Corporation 710. Scrap value B. Necessity A. A. Oligopoly B. Oligopoly D. The length of time which the property may be considered at a profit. Net income A. Market value D. Salvage value A. Operating life D. Company C. These are products or services that are desired by human and will be purchased if money is available after the required necessities have been obtained. Bilateral oligopoly D. Credit C. Fair value B. Products. It is defined to be the capacity of a commodity to satisfy human want. Oligopoly B. None of the above 721. Elastic demand D. Book value 719. A market situation where there is only one seller with many buyer. Liquid assets such as cash. Book value B. A. Monopoly C. Monopoly D. Grand total of the assets and operational capability of a corporation. Main clause B. goods and services 712. Market value C. Oligopoly 730. Utilities B. 722. Contingency clause A. Book value D. as a percentage of sales is called: 728. Engr.500 on the second year.030.000. playing for Los Angeles Lakers is earning an average annual salary of $5.325. B.500 on the fourth year.129.000 at the end of the 2nd year. P690. Jocelyn decided to save by just making an equal deposit of P1. P660. P17.00 5 $2. Who has more savings at the end of 10 years and by how much bigger compared to the other sister? A.000.18 B. P1.450 742. P15.000. What is the equivalent uniform deposit for the uniform gradient only? A. P3.289. 3rd year and 4th year.000 plus 4% of the movie’s gross receipts for the next 5 years which is forecasted as follows: End of year 1 Gross receipt $10.12 736. P17.500. Rate of return C.000 on the first year.000 but is increasing at the rate of $400.000.500 on the fourth year. P3. What is the equivalent uniform periodic payment if interest is 5%? A.00 3 $6. P3.12 737.890.621.00 C.840.00 4 $4.100 on the second year.12 C. offered him an initial annual salary of $3. Joan.12 740. P1.53 D. P18.00 B.000 at the end of the 2nd year. P4.18 D.45 C. P4. P1. P4. Grisham’s has options between the following Warner Bros.500 on the fourth year. P1. Defined as the future value minus the present value. P4.27 C. based on the earning power of equivalent invested funds capital should or will learn.81 B. An investment consisting of deposits of P1.500 and P2.390. C. P4. P4.000. believing that life begins at 40.532. P3.000.000 for 10 years.500 and P2. Capital 733.000. Jocelyn. P3. Interest rate B.478.000.630 B.000.82 738. P1. How much is in the account at the end of the 4th year? A.37 739. Oligopsony 731. P17.389.33 C. If he can still play in the NBA for 10 years and money is worth 10%. P4. P670. P18. An NBA Basketball superstar.000. Two sisters. Chicago Bulls’ offer is just few dollars more per year than that of LA Lakers’ A. Determine future amount of the amortization if interest is 5%.17 C.860. P671.89 B. Economic return D.21 744. What is the equivalent present worth of the debt if interest is 5%? A.000 on the third year. respectively in a savings account which earned 10% per annum.000 annually.000.449.000 on the third year.47 B.500 on the second year. If money is worth 10%.000.000.000 on the first year. P680.400 annually for 10 years. A.000.000 on the third year and P3. Miss Marcial deposited P1. An amortization of a debt is in a form of a gradient series of P5. Duopsony D.56 B. Jocelyn. Chicago Bulls ball club would like to acquire his services as a replacement of the retired Michael Jordan.58 C.000 on the first years.000. Earning value 734.000 per year than that of LA Lakers’ C. how much was his initial deposit? A.500 on the second year. P15.290. P4.89 D.27 743. D. Capital recovery B.259. A newly-acquired equipment requires an annual maintenance costs of P10.00 D.18 B.880. P4. what is the equivalent present worth of the investment? A.253. P4. Maragat. respectively. for the rights to make it into a motion picture.178.68 D. 3rd year and 4th year. An amortization of a debt is in a form of a gradient series of P5.000 are made at the end of the 2nd year. 3rd year and 4th year. P1. If the annual maintenance cost is increased by 20% each year every year .09 735. he deposited a certain amount and increased his deposit by 15% each year until he will be 40. Joan decided to save by making an end-of-year deposit of P1. Grisham will not receive any royalty after the fifth year of exhibition of the movie.490. P1.820. P4.000 on the first year. P763.093. Discount D.000. by how much is proposal A bigger than proposal B? A.000. proposals: A.210 on the third year and so on increasing the next year’s deposit by 10% of the deposit in the preceding year until the end of the 10th year.090 D. respectively in a savings account which earned 10% per annum. decided to retire and start enjoying life at age 40. P4. John Grisham. Mr. author of the bestselling novel “The Chamber” sold its copyright to Warner Bros.00 732. If the money is deposited in a super savings account which earns 15% interest compounded annually. P1. P3.34 C.490. P4. which one is true? 741.378. P671. P17. Yield D.000. P18. An amortization of a debt is in a form of a gradient series of P5.566. The flow back of profit plus depreciation from a given project is called: A. P1. Joan and Jocelyn decided to save money in funds that earns 14% compounded annually but on different ways. On his 21st birthday.500 and P2. P4. An immediate lump sum payment of $5. Chicago Bulls’ offer is exactly the same as LA Lakers’ C. An initial payment of $2.672. Chicago Bulls’ offer is over $150. Interest B.319. Joan.77 D.00 2 $8.000. P15.000. He wishes to have upon his retirement the sum of P5. Time value of money C.28 B.12 D. P15. Present worth factor A. P763. P18. Cash flow C. Miss Santos deposited P1.00 If money is worth 10% and Mr.100 D. The cumulative effect of elapsed time on the money value of an event.372.280. Chicago Bulls’ offer is smaller than that of LA Lakers’ B. A. It is sold at P1. What is the rate of interest of this investment? A. Fair value D. The profit derived from a project or business enterprise without consideration of obligations to financial contributors or claims of other based on profit.333. A. The recorded current value of an asset is known as: A.050 at the end of 10 763.101.58 A. Franchise value A.09 B. P13. P90. P13. A company issued 50 bonds of P1.34 756. Rate of return D.010. All of the above 749. 3. A local firm is establishing a sinking fund for the purpose of accumulating a sufficient capital to retire its outstanding bonds at maturity. 3. If he wants to earn 8% semiannually. Book value B. Fair value C.75% D. redeemable at par at the end of 15 years. 15-year bond was sold at 95%. Expected return B. The intangible item of value from the exclusive right of a company to provide a specific product or service in a stated region of the country. P90. Effective rate C.002.12 D. P90. You purchase a bond at P5.123. A P1.000 bond which will mature in 10 years and with a bond rate of 8% payable annually is to be redeemed at par at the end of this period.85 C. Goodwill value D. Book value D. P108. P13. It is redeemable for P5.00 face value each.78 D.81 C.000. Nominal rate D. P90.25 B.155. different from the buyer and seller. P37.54 B. What was the principal in the fund at the end of the 12th year? A. P37. Scrap value of an asset is sometimes known as: A. Goodwill value D. It is bought on June 21. Loan B. Salvage value A. Expected yield 746.048. P1. Book value C. P1. Interest D. 7. The ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal. 3.4% C. A.93 C. Find the price of the bond. 4. Perpetuity . Principal 747. The payment for the use of borrowed money is called: A.890. The value which a disinterested third party. the interest rate of the fund being 4%. An intangible value which is actually operating concern has due to its operation. 2004. Maturity value C. How much should be deposited each year if the fund pays interest at the rate of 3%? A.122. What is the net rate of interest on your investment? 761. The bond pays P200 per year. The true value of interest rate computed by equations for compound interest for a 1 year period is known as: A.11 745.75% D. P105. P107.614. Deferred annuity D. what is the estimated present worth of the maintenance costs if money is worth 15%? A. 3. Annuity due C.for 10 years. The interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment. Effective interest 750.58 B. P106. Nominal interest D. 3. A.133.70 B. What is sometimes called secondhand value? A. P1.86% 760. Scrap value B.0% 758. P38. P1.000. Market value D. Going value 754. P38.480.12 A.0% B.144. Yield 748. A man was offered a Land Bank certificate with a face value of P100. 6% bond pays dividend semiannually and will be redeemed at 110% on June 21. will determine in order to establish a price acceptable to both parties.782.408. P13.58 B. Salvage value C. Present worth C. 3. Earning value D.520. 752.7% D.000. Ordinary annuity B. Investment D. Salvage value C. Market value B. A type of annuity where the payments are made at the end of each payment period starting from the first period. Goodwill value C. The bonds are redeemable in 10 years and their maturity value is P150. Interest rate C. 7. Economic return B.34 C. To accumulate the funds required for redemption the firm established a sinking fund consisting of annual deposits. A. how much must he pay the certificate? years. A P1. 751. Interest C.100. Franchise value 759. 7.000.85% C. 2001 to yield 4% interest. Determine the yield at this price.000 which is bearing interest of 6% per year payable semiannually and due in 6 years. Book value B. A P1. Going value 755.56% D. A.00.712. 7. Scrap value B. A. Future value 753. Yield C.56% B.37 C.490.68% 757.23 D.590. Replacement value D. 3.06 762.000 issue of 3%. A.030.084.65% C. Book value B.33 B. Interest B. then present worth of a perpetuity = 769.000 and a salvage value of P10. Demand factor A.00.000 and a salvage value of P10. P1. Find the book value after 5 years using straight-line depreciation. A.000.00 . A. Ordinary annuity B. What is the total depreciation in the first three years using straight-line method? A.09 B. The cost of equipment is P500. after the beginning of the payment.000. Declining balance method D. Sinking fund factor B. The reduction of the value of an asset due to constant use and passage of time. Amortization 770.269.54 C.500.00 D.000. If its selling price is expected to decline at a rate of 10% per annum due to obsolescence.764.19 C. 8 years C.89 775.000 and an estimated life of 10 years with a salvage value of P500. what is the depreciation in the third year? Use SYD method. Deferred annuity B.690.14 B. Simple annuity D. P48.129.09 D. The salvage value in 25 years is P100. Load factor A.000. Perpetuity 766. what will be its selling price after 5 years? A.00 C.20 D. Its estimated life is 10 years after which it will be sold for P1. A method of computing depreciation in which the annual charge is a fixed percentage of the depreciated book value at the beginning of the year which the depreciation applies. Annuity factor D. P45. the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Sinking fund method B. P46.21 D. P146.00 C. A/i A. A telephone company purchased a microwave radio equipment for P6 million. An asset is purchased for P20.00. P31. Scrap value B. A.00.000.000. P1.00 D. If the salvage value is zero at the end of the 20th year.50 781.00 778. P31. 7 years B. P146.545.000 after 10 years.00. P7. P30. Depreciation D. P2. A. A is a periodic payment and I is the interest rate.000. ABC Corporation makes it a policy that for any new equipment purchased. B. It is a series of equal payments occurring at equal intervals of time where the first payment is made after several periods.000.00 C. As applied to a capitalized asset.00 C.45 B. The payments are made at equal interval of time.069. P146. Which is NOT an essential element of an ordinary annuity? A. The amounts of all payments are equal. Determine the length of service life necessary if the depreciation used is the SYD method.11 D. Annuity due C.245. P146.300.100. Compound interest is paid on all amounts in the annuity. Present worth factor C.50 D.545.209. Delayed annuity C. P31. Find the depreciation for the first year using SYD method. A VOM has a selling price of P400. Use straight-line method. An/i C.454. P880.000. 768.000. Straight line method A.344. If the equipment will be depreciated over a period of 10 years with a salvage value of 8%. Annuity B.000 after 10 years. Book value 771. A machine has an initial cost of P50. P862. A machine has an initial cost of P50. If the salvage value is 10% of the cost of equipment at the end of years.000 and the cost of installation is P30. P7. A machine costs P8.000.000. beginning from the first period.45 782.56 765.00 D. A.00 B. P626. The first payment is made at the beginning of each period. What is its book value after 8 years using straight line method? A. P624. P2.00 774. Capital recovery C.000.90 C. D.00 777.023. An asset is purchased for P9. P871.00 and plans to keep it for 20 years.000. P623. P212. A.00 B.00 D.500.000. determine the book value at the end of the fourth year.00 779. P30.50 B.09 C. A. Find the book value during the first year if SYD depreciation is used. What is the book value after 5 years using straight line depreciation? A. P7. P2. An asset is purchased for P500. A company purchases an asset for P10.320.00. the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged program is called 773. A mathematical expression also known as the present value of an annuity of 1 is called 772.320.490. P236.000. C.500. P625. freight and installation charges amounted to 4% of the purchased price.000. 767. P231. P47. A.67 B. P7. P222. Its estimated life is 10 years after which it will be sold for P12. Ain C. A type of annuity where the payments are made at the start of each period.230. Depletion C. Progressive annuity D. 10 years 776. P2. A. A.12 780. 9 years D. Deferred annuity D. P1. P857.11 C. Ai B. P1.00 B.00.00 B. P31. SYD method D.200.45 B. determine the depreciation cost during the 5th year using SYD. 32.3 B. An asset is purchased for P9.45 798. 18. 32.00 B.00 D. What is the straight line method depreciation rate as a percentage of the initial cost? A.158.412. P6. 25% B.000 with an estimated life of 5 years. A radio service panel truck initially cost P560.00 A. What is the value of x? 791. P235.00 B.000.350 when retired at the end of 6 years. What is the annual rate of depreciation in %? 20 years.43 D. P41.00. including its installation. P235. P6.545.000. The taxable income after taking all deductions except for depletion is P18. a multinational company.000 for installation and other expenses.000.000 and 792. He spent an additional amount of P30. 0.00. P791.41 B. Its salvage value is P2.279.000.72 797. P99.00. P3. what is the annual depreciation charge? A. P30. P2. P2.000. An engineer bought an equipment for P500. A consortium of international telecommunications companies contracted for the purchase and installation of fiber optic cable linking Manila City and Cebu City at a total cost of P960 million.290.344. P342. Bank charges arrastre and brokerage cost P5.450. By means of declining balance method.26 794. 9% 784. including its installation.000 and the cost of dismantling is estimated to be P15. The estimated salvage value of the mill is P50.250.26 B.00 C.000.000 depreciates in value each year by 20% of its value at the beginning of that year. 28% 787. P30.41 B. A.000. 26% C.000.500. P17. P2.254.000. A. The initial cost of a paint sand mill. P41.128.000. Depreciation cost is computed using a constant percentage of the declining book value. Calculate the annual depreciation cost by sinking-fund method at 4% interest. 0. 19.000. 0.73 786.000.00 . P41. P77. 19.89 C. Its estimated economic life is 10 years after which it will be sold for P1. after which it will be sold for P12.00. 790. 32. A.00. If the cable shall be depreciated over a period of 15 years with zero salvage value and money is worth 6% per annum. The BIR approved life of this machine is 10 years for depreciation.00 and a salvage value of P10. Other incidental expenses amount to P20.000 after 793. Its estimated economic life is 10 years after which it will be sold for P1.792.50% B.2 C. P99.00. The BIR approved life of this machine is 10 years for depreciation.512.75% 785. An asset is purchased for P9.672. P792.044. What is the annual rate of depreciation in %? A.000.00.000. P17. P17.00 after 10 years. An asset is purchased for P120.211.000. P9.73 when retired at the end of 10 years.34 A.89 D. Depreciation cost is computed using a constant percentage of the declining book value.500.1 C.500.412. P76. P771. P343.17 D.00 D. P40. Find its depreciation rate by straight-line method.228. A.27 D. Using straight-line depreciation.903. P9.67 D.00.400. P234.658.13 C. 19.00 A. 7% D.25% C. The estimated useful life of the equipment is 10 years. Using straight-line depreciation. 8% C.000.000.400.58% B.89% A. is P800. Find the depreciation in the first three years using sum-of-years’ digit method. P41. Find the depreciation for the second year using the sum-of-years’ digit method. has a total gross income for a particular year of P50.61 C.27 C.00 B.00 C.000.000. 32. P9.45 C.500.00.45 C. A machine costing P45. A. Shell Philippines.378.500.00 B. P234.000.00 783. The initial cost of a paint sand mill. A machine initially worth P50.4 D.000. A unit of welding machine cost P45.40 796.000.89 B. A.27 B. P3. P2.00 D. The salvage value is x% of the first cost.00 D.21% A. A tax and duty free importation of a 30 hp sandmill for paint manufacturing cost P360.40 C. A.000. determine the depreciation charge for the second year.00% D. P340.500.000 with a salvage value of P500 at the end of 10 years. 27% D. A machine costing P720. P6. Find the appraisal value of the mill using straight line depreciation at the end of 10 years. Find the depreciation in the first three years using straight line method. the book value at the end of 5 years will be P291.500. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%.00 D.000.000. 10% B. P3.244.40 B.250.710.358. A machine has an initial cost of P50.000 is estimated to have a book value of P4.000 is estimated to have a book value of the cost of dismantling is estimated to be P15.78 795.000.666. 0. P3. what is the annual depreciation charge? 789.729. P726. C. Its resale value at the end of the 5th year of the useful life is estimated at P150.00 D.00 C. P341. The estimated salvage value of the mill is P50. An equipment costs P10. P76.00 C. what is the book value of the machine at the end of six years? A. Salvage value of the mill is estimated to be P60.000.40 D. P6.89% B.00 788.000. Foundation and installation costs were P25. This amount includes freight and installation charges estimated at 10% of the above total contract price.500.578.253.00. is P800.000. P99. Using the straight line method of depreciation. Its estimated life is 10 years. Find its book value when it is 9 years old. P17.000.000. P99. P75.000.927. P1.00 per motor. 812 D.54% C.000 and annual operating cost is estimated at P1.789. Money is worth 4%. P540. P295.10 D.000 B.308.00.509.33 B.559. $500. A manufacturer produces certain items at a labor cost of P115 each.323. 2. it is estimated to have a salvage value of P30.240.053 D.892. P1. 892 B.000. What is the depletion charge during the year where it produces half-million barrels of oil? Use Unit or Factor method in computing depletion. P320. A. 2.540. 153 B.23 B.00 807.000. if the maximum return on investment is 12%. 812.67 C. material cost per unit is P100. if the bridge must be partially rebuilt at a cost of P100M at the end of each 20 years.000 is expected to be exhausted at the end of 4 years. Using interest rate of 8%. A. $510. variable cost of P3.000.308.000 C. P633. $525.000 802.57 . P550.000.50 A. P297. P296. 12. This sum includes rent. P9. 862 811. P315.00 B.000 D. What is the appropriate rate of return on the investment if the annual revenue is P10. 160 B.000 C. 2.000.320. Determine its capitalized cost if interest is 18% compounded annually.45 799.033. P7. Annual cost is P18.037 B.000 B.000. find the capitalized cost. If money is worth 6% compounded annually. If the item has a selling price of P995. 5.223 C. 5. Each drum manufactured cost $160 to produce and sells $200.000 while annual maintenance cost is estimated at P10.540. how many cases must be sold each year for XYZ to avoid taking a loss? A. If the interest rate is 6%. A new broiler was installed by a textile plant at a total cost of P300.000.01 B. Fixed costs of the company amount to P20. 782 B.308. find the number of units to be forged to breakeven.00 each.666. P552.589.612. The variable costs are P150.12% B. 163 C.090.549. P551.000 per month which includes taxes.00. P540. 1. what annual income is required to yield an investment rate of 12%? Use a sinking fund rate of 3%. 5.34 B.323.33 D. P332.043 C. find the capitalized cost of a bridge whose cost is P250M and life is 20 years. XYZ Corporation manufactures bookcases that sell for P65.334 A.031 B.323. The salvage value is estimated to be P2.000. A. depreciation charges on equipment.12 803.33 806. P7. Steel drum manufacturer incurs a yearly fixed operating cost of $200.13 B. P1. P325. costs P1. The average selling price of the motors is P275. If a treated pole will last for 20 years. 157 A. 12.57 C.000.33 D. D.033 A.12 D.99 801.10 C.72% D. 810.540. Consider annual taxes and insurance amount to be 1% of the first cost. P541.200.017 C. 808.409.300.32 each.000.000. P650. The cost of construction is P500. A man planned of building a house. 806 C. 1. P322. 12. P310.21 D.000 and has an expected life of 10 years. An untreated electrical wooden pole that will last 10 years under a certain soil condition. It costs XYZ corporation P35.99% 804. 12. A.10 D. 886 D. P553.000.000 barrels of oil at an initial cost of $50.043 D.000.157.57 D.000 and a salvage value of P50.489.000 813. what is the capitalized cost of perpetual service? A. A. how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428. P7. 1.38 C. A. and salary payments.323.308. The annual maintenance cost of a machine shop is P69. 5.994. If the cost to produce one bookcase is P50.322 D. If the item has a unit price of P600.540.000 D. $550.000 with 2 life years and final salvage value of P800. The first cost of a certain equipment is P324.600? A.000? A. what is the maximum justifiable amount that can be paid for the treated pole. P1.600.00. 800 A. P323. A motorcycle costs P50. P298. The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5.000. 1.000 and projected to have a useful life of 15 years. 2. If the resale value of the land is P100. A manufacturer produces certain items at a labor cost per unit of P315. material cost of P76 each and variable cost of P2.000 per year to operate its plant. An item is purchased for P100.66 C. A company which manufactures electric motors has a production capacity of 200 motors a month.500.000. P541. 814.308. P7. What is the manufacturer’s break-even sales volume in drums per year? A.40 C.10 805. If the cost of making a forging is P56 per unit and its selling price is P135 per forged unit. How much could the corporation afford to pay for another type of motor of the same purpose whose life is 3 years a with a final salvage value of P1. At 6%. 870 C. At the end of its useful life. Find the number of motors that must be sold each month to breakeven.33 C. A granite quarry purchased for P1. what is the capitalized cost of the house? D. P666.443 B.000.00 each.000.000 800.000.000 at the end of its life of 4 years.57 809. A corporation uses a type of motor which costs P5. P341. how many units must be manufactured each month for the manufacturer to breakeven if the monthly overhead is P461.333. P666. 104 C. The Asian Transmission Co. The fixed charges on the business are P5.666.000.00 per month.6 hours per unit 817.000. various size rivet holes must be made in structural members. If the shoes sell at P5.2 hours per unit C.000 a pair.67 B.4 hours per unit D.224 C.00. 1. General Electric Company which manufactures electric motor has a capacity of producing 150 motors a month. 3. 128 D. Other costs are P1. 1.800 each. Loss of P121. If the cost of making a forging is P56 and its selling price is P125 per forged unit.00 per year. makes and sells certain automotive parts. Dividends are 8% on the 8.P3.40 per piece. 1. The cost of soldering a connection on the enamelled wire will be P1.000 D. a machinist wage rate is P20. An alternative method is by the use of the multiple punch machine.000 a month and the variable costs are P400. The Asian Transmission Co.00 per unit. A 100-pair cable made up with enamelled wire cost P0.65.50) per unit.00 per month Salaries and Wages . 9.75 per linear foot. A.67 C. how many pieces must be manufactured in each month to breakeven? A. 165. 1.00 a pair. Royalty to Michael Jordan is P1.000.018 816.00 each. If he sells the finished product at P95. The fixed charges on the business are P15. 3. P174.450 B.000.20 per piece. If all other costs are the same.P55.00 per hour and he can complete 8 holes per minute.100 feet D.348 per unit.220 B.890 823. 120 B.000 B. Profit of P21. Annual fixed costs are P190.035 C.000 feet B. Fixed costs of the company amount to P78. 112 820.120 feet 821. P172.000 units per year is only operating at 62% of capacity due to unavailability of the necessary foreign currency to finance the importation of their raw materials.00 Tax to be paid per block . In this process. for what number of rivet holes will the multiple punch machine pay for itself? A. Compute the number of blocks that an ice plant must be able to sell per month to break even based on the following data: Cost of electricity per block . how many units must be produced and sold per month to breakeven? A.015 D. P87. 110 D. 9. If the automatic voltage regulators are sold to retailers at P580.666.00 a pair and a material cost of P800. Profit of P121.00 per month Selling price of ice .000 B. The variable costs are P4.00 Real Estate Tax . 5 days per week. on the tinned wire. P88.50) per unit. Fixed expenses total P80. 1. If 200 units were produced a month.000. 1. 160.302 818. A factory engaged in the fabrication of an automobile part with a production capacity of 700.566 824. A.000 shares with par value of P250 each. 124 C. 1.00 per year. determine the profit or loss. 1. What is the maximum production time per unit in hours required of the line to meet the demand? A. Nike shoes manufacturer produces a pair of Air Jordan Shoes at a labor cost of P900. In a steel fabrication shop located somewhere in Cebu.581 D.00 each.960 828.000 units per year at a selling price of fifty centavos (P0.012 C. A factory engaged in the fabrication of an automobile part with a production . 1.666.228 D.00 per motor. it will be P1.P20.67 D.50 per holes to set the multiple punch machine and an installation cost of P2.00 per block A.25 per hour and he can drill 27 holes per hour.00 per month. 1. P170.00. how many pairs must be produced each month for the manufacturer to breakeven? A.000. What is the present breakeven point in units? A. 1. This may be done by laying out the position of the hole on the members and using a drill press for this method. P87.000. 9. 1. 2.000 827. 100 B. The annual income is P430.712 D.00 and the variable costs are P0.000 D.960 C. A. A. 1. Fixed expenses total P80. 9.000.00 per month which includes all taxes. 3.00 per month Others .000. the machinist wage rate is P20.601 B. A new civil engineer produces a certain construction material at a labor cost of P16.000. makes and sells certain automotive parts.000 C.P2.15. A telephone switchboard 100 pair cable can be made up with either enamelled wire or tinned wire. 170. The fixed charge on the business is P100. Present sales volume is 500. 1.50 per piece and variable cost of P7. A local factory assembling calculators produces 400 units per month and sells them at P1.592 C. 2.67 822. 1.040 825. Find the number of units to be forged to breakeven.55 per linear foot and those made up of tinned wire cost P0.0 hours per unit B.030 D. Determine the number of motors to be produced per month to breakeven.000 per month and the variable costs are P20.000 826. material cost of P38. The fixed operating cost per month is P25.P12. 162.666.00 per unit. P88.000 B.000 per pair of shoes sold.000 units per year at a selling price of fifty centavos (P0. The line operates for 7 hours per day.815. Present sales volume is 500. 2.500. P168. 3. 130 819. A manufacturing firm maintains one product assembly line to produce signal generators. What is the current profit or loss? A.590 B.000.P25. Determine the length of cable run in feet so that the cost of each installation would be the same. What is the present total profit for a year? A. Loss of P21.000. 1. the average selling price of the motor is P750.450 D.000. The annual maintenance cost of a machine is P70.00 a pair.000 C. JRT Industries manufactures automatic voltage regulators at a labor cost of P85. Weekly demand for the generators is 35 units. 2.632 C.045 B.000 per unit.040 feet C.00 per unit and material cost of P350. There will be 400 soldered connections. This method requires P0. First cost + Cost of perpetual maintenance D.111 839.00 for material.534.050 D. The firm’s annual income is P4. SYD method 835.000. In SYD method. All of the above A. The shop can produce each thresher at a labor cost of P1.00 838.00.00.123 A.200 per unit.000 units of product per year. Present worth factor D.000.00 per set. Capacity factor D. Which of the following depreciation methods cannot have a salvage value of zero? A. n(n + 1)/2 C. 10.680 Total fixed costs . Annual fixed costs are P1. P3. 10.00 D. A small shop in Bulacan fabricates threshers for palay producers in the locality.680 B. What is the firm’s annual profit or loss? A. how many units must be produced and sold per annum to breakeven? A. What volume of sales does the firm breakeven? A. P815. An item which can be sold for P63.153 D. 291.00 and the variable costs are P0. If the portable threshers are sold at P7. P816. Sinking fund method Variable cost . Sinking fund method 837.880 Unit variable cost .00 What is the breakeven point in units for the current year? A. 260 D. P814. The cost of producing a small transistor radio set consists of P230.P8.567 D.560 B. Annual fixed costs are P190. how many units must be produced and sold to breakeven? C. The fixed charges is operating the plant is P1. Declining balance method What is the breakeven point sales volume if one out of every 10 units produced is defective and is rejected with only full recovery on materials? D.00 for labor and P370.000.00 per unit wholesale is being produced with the following cost data: Labor cost .00 A.100 C. n(n – 1)/2 B.P10. What is the breakeven point? 831. 28 D. P817. 290.P20. A. Annual fixed costs are P1. 27 829. The firm’s annual income is P4.354. C. Annual cost B. 7.00.121 B.254. 10. A.00 C. The radio set can be sold for P750. etc). A.56 per unit of product. 840.P10.780 A. The variable costs amounts to P650. P3. A certain firm has the capacity to produce 650.00 and the variable costs are equal to P3.200 834. Sinking fund method C. The function of interest rate and time that determines the cumulative amount of a sinking fund resulting from specific periodic deposits. SYD method C. Demand factor 836. Installation expenses D.00 per unit C. P25. 270 830. The annual income is P430.000. First cost + Salvage value 843.00 per unit Material cost . oil.00 and the variable costs are equal to P3.690 Unit contribution margin . n(n+1) D.160.000. A. If the product is sold at P1. At present.00 per unit while fixed charges incurred per annum totals P69. 295.P40.capacity of 700. respectively. Declining balance method B. Declining balance method B.000 per month and other variable costs are P100 per unit.P20.000. Straight line method B. P25. Straight line method B.000.56 per unit of product.00 per unit Fixed charges .800. the sum of years digit is calculated using which formula with n = number of useful years of the equipment. Fixed charges are P100. Depreciation B. 294.00.011 B.160.000 units of product per year.000 B.132 C. P3.000. P3. 7.348 per unit. The lessening of the value of an asset due to the decrease in the quantity available (referring to the natural resources.320 B.000. The original purchase price and freight and transportation charges C. 250 C. Initial taxes and permits fee D. SYD method A.00 each.490 B. The following data for year 2000 are available for Cagayan Automotive Company which manufactures and sells a single automotive product line: Unit selling price . 7. 7.239 B. P25. Straight line method D.000.500.000. A method of depreciation where a fixed sum of money is regularly deposited at compound interest in a real or imaginary fund in order to accumulate an amount equal to the total depreciation of an asset at the end of the asset’s estimated life. The first cost of any property includes: A.920. it is operating at 62% capacity. Sinking fund factor 841.920. First cost + Interest of the first cost C. n(n-1) 842.133 B.00.00 per month. The variable cost is P10. Determine how many sets must be produced per month to breakeven. 10. Capitalized cost of any property is equal to the: A.230 832. P25. The direct labor cost and material cost of a certain product are P300 and P400 per unit. At present. Depletion .155. it is operating at 62% capacity.P15.00 per unit. The cost of materials for each unit is P2. coal. A method of depreciation whereby the amount to recover is spread uniformly over the estimated life of the asset in terms of the periods or units of output.000 C. A certain firm has the capacity to produce 650.000 units per year is only operating at 62% of capacity due to unavailability of the necessary foreign currency to finance the importation of their raw materials.P200. 25 C.00.143 C. 280 833.800. 26 D. perfect competition 863. economic return D. is known as. depreciation 853. luxuries C. The partners are not liable for the liabilities of the partnership B. C. Partnership 849. balance method B. Corporation 845. 10 D. necessities C. Those funds that are required to make the enterprise or project going on. Sole proprietorship B. break-even point A. A condition where only a few individuals produce a certain product and that any action of one will lead to almost the same action of the others. oligopoly C. A. Is the simplest form of business organization. 7 850. Which is NOT a type of business organization? A. luxuries A. Sinking fund method 852. that will be purchased in somewhat the same quantity even though the price varies considerably. utilities B. Sole proprietorship B. semi-monopoly D. Enterprise C. Partnership C. elastic demand 860. the distribution of the initial cost by periodic changes to operation as in depreciation or the reduction of the depth by either periodic or irregular prearranged program is called D. It is defined to be the capacity of a commodity to satisfy human want. Sole proprietorship B. which is equal to the original cost less depreciation. Double taxation is a disadvantage of which business organization? A. necessities B. D. Declining balance method C. monopoly C. A. production C. monopoly D. utility D. compound interest B. working capital 859. Sole proprietorship D. amortization A. market value D. face value . principal or present worth 856. perfect competition 855. A form a summary of assets. Partnership D. use value C. The method of depreciation where fixed sum of money is regularly deposited at compound interest in a real or imaginary fund in order to accumulate an amount equal to the total depreciation of an asset at the end of the asset’s estimated life is known as. necessity 858. oligopoly D. annuity B. Enterprise D. Incremental cost B. 862. capital recovery D. These are product or services that are required to support human life and activities. Inflation A. What is the minimum number of incorporators in order that a corporation be organized? A. fair value D. expected yield 854. straight line method A. earning value B. Sole proprietorship B. It is the amount that a willing buyer will pay to a willing seller for a property where each has equal advantage and is under no compulsion to buy or sell. As applied to capitalized asset. A. earning value C. depreciation C. An association of two or more persons for a purpose of engaging in a profitable business. A. producers goods and services D. This occurs in a situation where a commodity or service is supplied by a number of vendors and there is nothing to prevent additional vendors entering the market. utilities A. book value D. 851. The term used to express the series of uniform payments occurring at equal interval of time is. 3 B. Partnership C. A. A. Corporation 847. Partnership 844. SYD method B. A. book value 857. D. The worth of a property. accumulated amount C. A. A. The partners’ personal assets are attached to the debt of the partnership D. The partnership assets (excluding the partners’ personal assets) only will be used to pay the liabilities. Corporation C. producer good and services B. A. Corporation D. Enterprise C. C. 5 C. balance sheet B. These are product or services that are desired by humans and will be purchased if money is available after the required necessities have been obtained B. In case of bankruptcy of a partnership. luxuries C. The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as. A distinct legal entity which can practically transact any business transaction which a real person could do. perpetuity D. A. scrap value C. discount’ B. Enterprise D. banking B. yield B. The partners may sell stock to generate additional capital. 861. Enterprise 848. Corporation 846. annuity C. liabilities and net worth. marginal unit C. liability C. Price war 874. Law of Supply and Demand B. amortization B. depletion A. marginal revenue D. Price optimization C. difference in the magnitude of the projects 865. A situation in which rival firms drive prices down through attempts to undercut each other’s price is called. This form of business ownership is a legal entity possessing many of the legal powers of individuals. It is a distinct legal entity. depreciation C. non-conventional cash flows D. Oligopolistic monopoly D. sinking fund C. It is called: . sue and be sued in its own name. transaction record D. an expense D. A. It can hold title to property. Which of the following is a form of business/company ownership? 869. identical salvage value A. Law of Diminishing Return C. single proprietorship D. The difference between the present worth and the worth at some future time is: A. separate from individuals who own it and which can engage in practically any business transaction which real person can do. Effective rate B. The length of time during which a property is capable of performing the function for which it was designed and manufactured is termed as. Monopsony 880. partnership B. which of the following could invalidated the calculations? 868. Monopoly B. Price discrimination D. debit entry C. Law of Gravity D. A market whereby there is only one buyer of an item for which there are no goods substitute. Equilibrium price C. average net salvage value/estimated service life 871. %net salvage value/Estimated service life C. The decrease in value of a physical property due to the passage of time. Physical life 882. Eternal Life D. either in increasing cost or by absolute quantity. Price Leadership C. Oligopoly C. A. marginal utility A. journal A. Maximum price 873. recession B. all of these 866. What must two investments with the same present worth and unequal lives have? 870. This law states that “When the use of one of the factors of production is limited. all of the list D. Oligopoly A. When using net present worth calculation to compare two projects. Price war A. Physical life 875. marginal cost B. What is the formula for a straight-line depreciation rate? A. capitalized cost 867. Life span C. 100%net salvage value/estimated service life D. which specifies the actual rate an interest on the principal for one year as: 878. An accounting book where the original record of all transaction is ordinarily recorded. The price that the quantity per unit time that the buyers want to buy is just equal to the quantity the sellers want to sell is called.” A. different equivalent annual cash flows D. A. An interest-earning fund in which equal deposits are made at equal intervals of time for the purpose of gradually accumulating a specific sum of money required at some future date. identical equivalent uniform annual cash flows C. inflation B. Law of diminishing Utility 876. A. Exact interest rate A. 883. A formal organization of producers within an industry forming a perfect collision purposely formed to increase profit and block newcomers from the industry. Corporation C. Discount 879. Debit C. Single proprietorship C. mutually exclusive projects B. The amount received from the sale of an additional unit of a product is termed as: A.%net salvage value)/Estimated service life B. Nominal rate B.864. Eternal life D. (100% . credit entry B. different salvage value B. Price manipulation D. 877. We may classify an interest rate. Oligopsony D. corporation C. an asset B. Monopoly B. partnership B. What is work-in-process classified as? A. Break-even price B. evaluation over different periods C. single proprietorship D. Partnership D. corporation C. A. owner's equity 872. annuity D. a point will be reached beyond which an increase in the variable factors will result in less than proportionate increase in output. Credit B. Profit A. The act of charging two or more buyers or sellers different prices for the same product where the elasticities of supply or demand at each price level differ among market is known as: A. Which is a form of business/company ownership? A. 884. Cartel D. Rate of return C. economic life B. 881. Price discrimination price B. is termed as. Minimum price D. Consist of the actual counting or determination of the actual quantity of the materials on hands as of a given date. Compound interest B. individual proprietorship 885. Exact C. scrap value A. material breach D. Material count 891. Refers to cost of merchandise which excludes freight and insurance cost. dacion-en-pago A. 903. liabilities 893. salvage value 897. Intangible assets of a corporation or company A. A. Estimated value at the end of the useful life. Annuity C. A. Yield C. Declining balance method C. None of the above C. A. Depreciation amnesty D. Sinking fund B. negligence 888. book value D. fraud A. Physical inventory B. or the interest earned by an investment. escalatory clause A. The interest rate at which the present worth of cash flow of project is zero. Effective rate D. assets C. Amortization B. technological assessments C. Straight line method D. Perpetuity 904. Cash money credit necessary to establish and operate an enterprise. Perpetuity C. The cost of manufacturing a product C. present worth 898. It is the amount of money earned by given capital. bid bulletin D. Annuity D. The overhead cost per unit of production 894. net worth 886. Sinking fund C. D. Cash flow C. simple rate D. The ratio of the interest payment to the principal for a given unit of time and is usually expressed as percentage of the principal is known as: B. None of the above D. delicts B. salvage value D. The balance sheet is a statement showing the financial status of the company at any given time. An investment that yields an equal amount of interest each year D. company C. compounded annually A. Annuity 905. funds B. nominal interest D. book value C. The interest earned by the principal competed at the end of the investment period. A. A. compound rate . Which of the following is a type of simple interest. 892. Nominal rate B. Material update D. general partnership D. Both A and B B. A civil wrong committed by one person causing damage to another person or his property or reputation. patents C. Annuity B. balance sheet D. A. Technological assessment C. scrap value B. tort D. A. It is rate quoted in describing a given variety of compound interest. What is an annuity? 896. A series of equal payments at equal time periods. A. liabilities B. A method of depreciation whereby the amount to recover is spread over the estimated life of the asset in terms of the periods or units of output is called A. Bond D. face value 890. A fund into which annual deposits of A are made in order to accumulate fund F at n years in the future. Compound interest B. assets 889. economic life D. capital C. corporation B. SOYD method B. C. The interest is completed every end of each interest period and the interest earned for the period is added to the principal. book value B. Simple interest A. Which of the statements is not a part of the balance sheet. Interest B. earning value C. it varies directly with time. None of the above 887. Ordinary A. B. An artificial expense that spreads the purchase price of an assets or other property over a number of years A. 901. Sinking fund method 900. A. The worth of property which is equal to the original cost less depreciation. Simple interest C. interest D. The recorded current value of an asset is known as: 902. B. Depreciation A. investment B. debentures A. sunk cost C. interest rate 899. equity D. investment A. nominal rate B. effective rate C. 895. cost of goods sold D. freight-on-board B. Rate of return C. Additional information to prospective bidders on contract documents issued to bidding date. What is the principal amount if the amount of interest at the end of 2 1/2 year is P4. The first payment is deferred a certain number of periods after the first. 340days B. P 40. Nominal rate B. It is an application of perpetuity. Deferred annuity C.429. Sum of the years digit method C. Annuity 910. P 20. perpetuity B.00 at the end of 60days.875. A series of uniform payments made at equal intervals of time.00 912. How long must a P40.00 C. P 2. Sinking fund method B. P 13. Straight line depreciation C.000.67 C. A. All of the above 909. interest C. Annuity due D.00 925.200. Sinking fund method B. Sum of the years digit method D.500. How much will he have at the end of the 16-year period. Perpetuity 915. Break-add method B. None of the above D.00 D. 2% C.000 earns P480 in 9monnths.97 D. D.000. 3% D.00 B.00 from his friend and agrees to pay at the end of 90 days under 8% simple interest rate. Ordinary annuity B. Effective rate C.234. Experimental method D. Annuity due D. Sinking fund method D. What is the required amount? A. Rate D. Break-even method A.00 for a simple interest of 6% per annum? A. 920. A method of determining when cost exactly equal to revenue.00 C. rate D. Ordinary B. What is the required amount? 926. Interest B. Sum of the year’s digit method C.000. Declining balance method 919. Compound rate 907. annuity 908. Ordinary annuity B. Deferred annuity C. None of the above B. 923. Annuity D. A. 1% B. Capital B. A written contract to pay a certain redemption value on a specified redemption date and to pay equal dividends periodically. Perpetuity B. Annie buys a television set from a merchant who offers P25. The payment is made at the end of each period starting from the first period. The most common method used in computing depreciation. P 28. Straight line depreciation A. All of the above B. A. 921.144. If P16.000. A man lends P6. P 1.00? B. Depreciation D. 304 days D. 922. Sinking fund method D. A.20 . A. P 35. A. Annie wished to pay immediately and the merchant offers to compute the required amount on the assumption that the money is worth 14% simple interest.00 B. P 19.500. Capitalized cost B. 924. The depreciation charge in this method is assumed to vary directly to the number of years and inversely to the sum of the year’s digit. P 10. Interest C.00 A.000 note bearing 4% simple interest run to amount to P41.00 A.987. It refers to the decrease in the value of an asset due to usage of passage of time.222. Annuity C. It is the actual interest earned in one year period. Declining balance method D. Interest C. P 9.800.23 911. It is invested yearly at a rate of I to amount to (FC –SV) at the end of the life to the property. Bond A.244. P 24. Find the interest on P6.000 at 6% simple interest for 4 years.500. Annuity due A.906. A. A.361.00 B. P 45. P 2. Which of the following is the method of computing depreciation 917.000. P 1.456. Straight line depreciation A. All of the above.350. P 10. Which of the following is type of annuity. At the end of this time he invest the entire amount (principal plus interest)at 5% compounded annually for 12 years. Straight line depreciation C. Annuity due A. Equipment cost 914. Sum of the years method C. 916. 430 days 918.? A. Machine cost C.00 A.87 D. P 11. Simple rate D.00 D. An annuity where the payments periods extend forever or the periodic payments continue indefinitely. Declining balance method C. P 30. Deferred annuity C. Manpower cost D. Ordinary annuity B. what is the annual rate of interest? A.700. Deferred C.000.00 for 3 years at 11% simple interest. A. A man borrowed P10. The payment is made at the beginning of each period starting from the first period. None of the due 913. 403 days C. 4% 927. 000.75 A. 13 A.343. 1990 C.125.77 C. P 11.97 C.955.000.92% A.61 C. How long it will take P1. An interest of 8% compounded semiannually is how many percent if compounded quarterly? A. 5 years D.794. P 13.040.39 on maturity date after deducting the 20% withholding tax on interest income. P171. P10.63 A. If paid in 31 days. P 153.75% 929. 12. 12 C.633.180. P450. there is 3%discount.00 for 10 years at 8% compounded annually. P 112.52% 939.55 years D.455. 16.00 then the compound interest on P3. 11.955. The salary of Mr. 10.00 D.01% B. 6. What interest compounded monthly is equivalent to an interest rate of 14% compounded quarterly A.00 B. How much will be repaid if the loan is paid back in one lump sum after three years. 1.000 payments at the end of the third and the fourth year? The annual interest rate is 8%.00 in years is P500. A man has a will of P650.33 years Answer: D 941.00 for 10 years at 8% compounded semi-annually.083. 12.15% D. 13 years D. A.77 D. 6 years 936. 1991 D. P 13.00 A. P 10. 4. 5. Cruz is increased by 30%every 2 years beginning January 1.00 for 10 years at 8% compounded monthly C.00 C.333.25% A.61 934.567. What is the simple interest paid? 932. P11.95% C. 11. Accumulate P5. How long it will take for an investment to fivefold its amount if money is worth 14%compounded semiannually. 943.20 D.349. P 10.456. 938.456. A tag price of a certain commodity is for 100 days.955.36 C. P10. If you borrowed P10.62 B.876.20 A.32% A. A time deposit of P110. 7.25% D.00 D.80 C.20 D.000 for 31days earns P890. P9. 12 years B. 4 years C. 12.77 942.00 in a bank who offers 8%interest compounded quarterly. What is the effective rate for an interest rate at 12% compounded continuously? B.458.346 if invested at 6% compounded quarterly.00 for 10 years at 8% compounded quarterly. What is the worth of two P100.89% C. P28. P 19.00 B.987. Adam deposited P120. Mr.20 C.87 935. P11.000 from the bank with 18% interest per annum. C. If the interest is subject to a 14% tax. what is the total amount to be repaid at the end of one year. P415.000. P 11. P10. P162. Accumulate P5.00 D. P 551.00 loan. P 956. P 8. P 152. P10.00 A. 11 B.42% A.000.00 from his father.00 B. 10 years A. Accumulate P5. Accumulate P5. P7.34 C.81% B. P 178.61 D.50 B. If money is worth 14% compounded quarterly how much is it worth at present? 947. 12. 14 B.5% 931. A bank charges 12% simple interest on a P300.11 years D. 12. A.455. 1982.00 C. P 175. P1. P 10.000.77 years C. 8. P 125.526.14% B.85% C. B. 12.00 C. after how many years will he man receive his will? A. A man is expecting to receive P450.000.102.44 B. P10.03% D. P 12.34 933. 12. invested at an interest rate of 6% compounded bi-monthly 946. P 408.00 930. 1989 B. A. 14 years 937. 11. If the compound interest on P3.456.000. P1.67 C.345. P13. 7.69 D. Counting from that date.20 928. 945.36 B.323.876.84% C. P 147.313.800.000 in a trust fund earning 8% compounded annually. 13. 4. P 1. If his father deposited an amount of P450.000 to amount to P1. 3 years D.00 at the end of 7 years.744.876. P 170. 22.233.000.00 in 4 years is: B.67 D. A.149. how much will he receive after 5 years? A. P 187. 5.98 .75% B. 7. 1988 A. at what year will his salary just exceed twice his original salary? 940. How long will it take for an investment to double its amount if 944.61 B.000. Find interest per annum. P16.000.000.90 D. P 15.01% B.5% B.87 D. Oligopsony 67. Law of supply and demand 80. Time value of money 85. Necessity 57. P 5.260.549. P 34.54 33.64 26.185.000 13. At the end of 6 years. P 1.000 feet 50. Fair value 132. Few sellers and many buyers 68.50 950. P 34. Call value 112.00 for 6years at 8%. Services 55. Callability 111. Buyer or consumer 60. 3.00 46. it renews the loan for the amount due plus P2.00 47. 9. 14. Functional depreciation 119. P 19.07 % 12.763. 11.632 51. 360 84. P 6.77 949.0 hour per unit 49. Demand 78.57 34. 12.765. Collateral trust bond 108. Bilateral monopoly 64. In-place value 134.00 43. At an annual rate of return of 8%.56 C. P 1. D. What is the lump sum due? How much money in the form of interest will he get if the money is put in a bank that offers 8% rate compounded annually at the end of 7 years? A. Atomistic competition 71. P 7. 1. Perfect competition 72. 21 % 2.0% 40. 16. P 152. P 34.679. A.00 39.14 % 17. Valuation 136.0 % 6. Necessity 58.270. P 4.17 32. P39.40 B. P 36. Coupon 102.08 37. Many sellers and few buyers 69.388.00 % 21.00 A.29 35.276. Consumer and producer 56. P18.000 at the end of 4 years? A.000.731.60 % compounded annually 20. Annuity due 95. Percentage method 125. P 1. P 1.42 24. Bilateral oligopoly 63. P1. 19. 13. Compound interest 90. Economic Analysis 52. Rate of interest 91.266.034. Annuity certain 93.88 28. 10. Unit method and percentage method 123.250. Debenture bond 107. Earning value 87. P 15.48 B. Simple interest 82. P705.000. Commodity 81. Depreciation 113. P 2. Value of bond 100.2 years 22.66 D.053 48. P 1.72 % 18. The first payment is made at the beginning of the first period. Physical depreciation 120. Joint bond 103. Market 59. Life cycle cost 139. 1.030. Goods or commodities 54. Mortgage bond 106.00 % 9. 98. P 3. Adolescence 121.360. 4. Bond 101. Initial cost of property times number of unit sold during the year divided by the total units in property 127. P 5. 117.000. Present worth factor 129. the single vendor can prevent the entry of all other vendors in the market 75. Market value 130.17 % 4.65 % 3. Law of diminishing return 77.937. 360 83. Depreciation recovery 128.27 45. All of the above 73. P 6. A student has money given by his grandfather in the amount of P20.49 31.000.34 29.67 948. Monopoly 74.90 B. 5. Quarterly 25. A firm borrows P2. 1.000. Coupon bond 105. what is the future worth ofP1. All of the above 135.73 % 14. Registered bond 109.66 27. Callable bond 110.999. Ordinary annuity 94.276.45 16. Perpetuity 96. P 236.24 % 19. Monopoly 66.28 % 10.00. P54.888. Fixed percentage of gross income or 50% of the net taxable income 124. Few sellers and many buyers 70. Annual cost method 140. P 6.29 % 8.234.000 more for 2 years at 8%. 3.90 % 15. Constant percentage method 118. 1. 6. P 2.860.81 41.50 7. 11.67 C.504. P 3. Equipment obligation bond 104. Franchise value 133. 2. 9 years 44. Opportunity cost .56 D.624.75 % 11. Interest 88. Perfect competition 65. Factor method 126. Deferred annuity 97. Foreign exchange 53. Benefit-cost ratio 141. Supply 79. Monopsony 62.93 38. 25. Annuity 92. Depletion 122. 12. Sinking fund method 115. P 717.68 C. P 1.144. $ 5. Producer 61. Sunk cost 137.20 42. Interest rate 89.789.98 D. P 143. P 9. 8.03 30. Discount 86. 12 months 5.927.57 years 23. Second-hand value 131.20 36. 29. Capitalized cost 138. Bond 99.922. Declining balance method 116. P 176. Natural monopoly 76. Straight line method 114. P 43. 11. 280. P13.655. P705. P155 292. Law of diminishing return 221. Capital recovery 145. 11. Tax credit 177.09% 326. Sole proprietorship 146. 20. 4.56 261.00% and 3.000 299. Dividend 157.60 270. 11.72% 347.00% 325. P77. P 756 244.726149 324.55 years 276. 8.92% 330.03% 279. P507.17% 264.57 241. Quick ratio 201.55 yrs 312.059. Stock 161.72% 287. 6% 291. Receivable turnover 175. 152.21 332.87% 327.781.800 256.550. Bank notes 220.265.2 years 281.33 257.612226000 319. Consol 192.57 years 271.51% 290. Preferred stock 156. 11.96 300.67 yrs . Lien 230. First cost + cost of perpetual maintenance 187. It is one that calculates a depreciation amount greater than a straight line amount 217. Solvency 195. Assets = liability + owner’s equity 197. P17.513. Capitalized cost 236. 11.6% 265. P6.83 272.170 354. Franchise 235. 8.8% 341. P911.000.95 301. It can be handed down from one generation of partners to another. Liquid assets 167.44 years 246. P30.43 243. 4. P256.142. P 224. Net credit sales to average net receivables 204.49% 345. Incremental cost 169. Bond 237. 3. Equity 158. 8. 5. Cartel 219. Price-earnings 222.498. P907.000 277.25 years 309. Supervision cost 174. Profit margin 224. Capital gain 179. quarterly . Declining balance method 250. P519.086.66 293.94 315.365. 3% 286. 0.15 years 353.4% 259.75% 288. 13. 11. 16. P71. P200. 7.487886717 321. P3.28 344. P1. Certificate of deposit 181.92% . Payback period 214. The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities 150. 8% 340. P 1. Cash flow 185. P4133. save P55 by borrowing from your friend 342. 9. 5. Net income to owner’s equity 189. Cost of goods sold 168. 0. Equity 159.92% 285.47 248. 0.73% 254. 7% 296. 8% 339. Common stock 155.475. P6750 274. Partnership 154. 1. 365 / inventory turnover 213.96% 318. Rate of return 166. 4 years 303. 16. P16. Quick ratio 191. The ratio of gross profit to net sales 208. Utility value 238. 19. 8% 304. P5. 8.75 262.64% 255.59 268.000 258. Corporation 149.00 314. Depletion 233. 1. 12.13% 282. Double declining balance method and SYD method 216. Net sale 190. P76.33% 322.20 351. P690. 21. Single payment present worth 144. Sinking fund method 251. 21. Bookkeeping system 170. Fair value 234.64 % 245. Deferred annuity 228. Annual cost pattern 240. P18.492. 6. Economic return 162.00% 316. 14. Cooperative 193.68 269.729 263. Sole proprietorship 148. 1. Arbitrage 225.92 267. P621. Forced saving 184.28% 253. 21. 15. 192. 247.8% 266. 7% 338. 0.24% 329. 365 / receivable turnovers 211. Amortization 186. Value of an investment 215. P15. P 5.03 352.24% 317. Capital loss 180.62 242.00% 328.712. Oligopoly 231. Receivables turnover 203. Quick ratio 202.83% 349.327. 12.751. Fixed asset 165. 12.11% 252. 11. 37. The first payment is made at the beginning of each period.00 313. 8 years 308. The stock holders of the corporation are only liable to the extent of their investments. Goodwill 163.5% 336. Effective interest 229.616783 307. Book value 232. P13. All of the above 198. 15.616% . 151. Currency devaluation 183. 1. Corporation 153. 5. 32% 260. Price-earnings ratio 206. The ratio of common shareholders’ equity to the number of outstanding shares 209.60 334. Straight line method 249. 8% 302. Liquidity 196.47 346.34 284. 427. Moratorium 226. Current assets to current liabilities 200. P1403. 8. Return of investment ratio 205.02% 348. 8. 13.68 343. P4. Profit margin ratio 176.97 years 283. 7.48% 350. 14. Ledger 171. Capital 160.87 289. Perfect competition 239.6 yrs . P24. Journal 172. 6.56 years 335. Patents 164. 6% 295. 8% 305. 6.20 333.849 355. The ratio of the net income before taxes to net sales 207. P163. 12% .37 273.60844 297. Return on investment 223. 19.42 298. 4. 8.06% 311. Buffer stock 194. Deflation 218.333 294.787566127 320.Break-even analysis 212. 4% . Rate discount 227. 66.61607 306.28% 280. 5 years 356.040.009. The initial depreciation is low 143. P46. 8% 278. P44. 3. 1. 19. Gross income 173. Corporation 147.18 years 310. 7. P15. P82938.377128 323. P16. The ratio of cost of goods sold to average cost of inventory on hand 210. 8. Current ratio 199. 8% 275.6% compounded monthly 337. P800.000. Currency depreciation 182. Rule of 72 178.00 331. Effective interest 188.614. 6. 26% 589.66% 364.90 467.42 years 553.101. P235. Interest 415.50 470.927. Bilateral monopoly 412.000. P829. P27. P971.38 628. Authorized capital 718. P1.61 693. 10 663. 11.532. Prime cost 609. P430. P1. P626. P13.728.71% 543. Economic life 449. Economic life 722.25% 785.260. P68.60% compounded monthly 513.86 654. 10 years 536. P3. Cash flow 734. P45.58 757.158.2 years 521.27 743. P34.54 782. Current assets 721.47 507.166. Perfect competition 445. P6. Straight Line 393.205. P11. P8.42 years 574.62 494. P35.655.64 547. P4. P99.56% 572. 3. Current asset 434.185.614.45 381. P11. Marginal cost 430.000.185. P6. Franchise value 751.624.67% 476.49 570. P18.00 736.00 781.775. Sum of Years Digit 394. 1 hour 454.000 459.916.530. P652.85 569. P13.864.20 627.295. P7. 35.48 704.10 700. P7.49% 523.80 456. P90. P1.000. Utility 402.27 years 576. P48. Bid bulletin 614.173. Scrap value 426.52 647. 18.42 . Interest 747. 5 649. P37.357.549.83 525. Deflation 602.73 505.170.26 619. P2. 9. Sinking Fund 397.062. 25. P1.14% 506. P5. 12. Rate of return 748.89% 792.42 556.73 542. 16. P900. P690. P66. Annuity due 766.614. P15. P3.14 702. 7.806. Luxury 712.48% 517. P15. 4.36 565.00% 581.280.346. Salvage value 439.026.93 639.566.27 390. P2.80 637. P3.72% 509.25 573.22 636. P42.02 593.57% 571.42 675.917.74 694. Journal 448.650.400 376.000. P1.08 629. P39.601.526.174. Gratuitous 608. P2. No.66 578. P17.000.858.17 664.1 789. P46. P215. P18.94% 362.265.22 661.768.520.17 616. Declining balance method 772.28% 687. Perpetuity 436.14 777.93 759.545. P630 per engine 474.87 524.03 691. Joan.08 638. Prime cost 428. Book value 451. P3. Salvage value 754. Franchise 450. P3. P10. P763. 8% 784. 12 months 472. 10.40 520.86 650. P1.323. P341. P39.45 780.250.59 528.51 358.00 778. Maker 416.079.178.47 740. P2. P61. P11.05 625. P4. P366. Supply 438. 14. Break even 421.58 703.000 486. P250. P1. Depreciation 440. P44. Marginal revenue 425.58% 457. Book value 752.025. Book value 726. Monopoly 728. Bilateral oligopoly 729.400. P716. 10.64 587. 11.78 671. P18. P152. 2.834.626.425.158.084.626.21 558. P371. P300. 19. 25% 787.12 699.702.494. P8000 366.45 735.085. P808.90% 501.58 737. Processing method A 473.67 489. Pretend stock 403. Monopsony 605.32% 510. P12.209. P30.15 652.33 744.838.27 695. 11.454. Gross margin 725.33 492. Proprietorship 442. 16.507.000 379.02 620.85% 761. Break even – no gain no loss 607. 37.670 377.249.18 595.93 698.25 667. P949.35% 552.500 365. Tort 435. Time value of money 732. P30. P5. 8 years 385. 36.888. P197.66 544. P350 387.71 679. P25.00 791.28% 487. Present worth factor 769. 4 years 369.99 653.942.68 518. P40. 13. 9.269.302. 478 676. 1. 7. 14. 767. 18% 455.73 635.769.169.01 690. Bank note 601.391.00 790. 4.56% 591.000 per cubic meter 463. P21.94 673. P1.454. P1.600. 37.91 586.42% 580.333. P838.11% 482. P19.319. Deferred annuity 765. 8% 378.13 659. P473.61% 632.71% 684.29 689. P4.92% 496. Salvage value 753. P12. P7. P180. Luxury 444.500 596. Physical inventory 613. P33. P10. P2.64 537.70 642. Oligopoly 717.348. Going value 755.55% 599.592.699. P40.79 665.87 662.727. P666. Monopoly 411.108.166.835. P1. P6. P1.55 498.25 562.92 579. P17.937. P146.34 550. P43.27 688. 10 years 371.520. Sunk cost 422. Authorized capital 447.500.07% 490.486. 166 464. Effective interest 750.90 677. P3. Declining Balance 395.344.64 years 564.0% 758. Oligopoly 406. Demented persons 443. Quarterly 535. Market 604. P15. P15. P50. 32.72 641. Amortization 770. it is not a sound idea 697.432. 19.34 738. 11. 0.807. P100. 7.71 644. 12. P54. P186. Luxuries 446.32 530. 3.23 626. 696. 19.000 401.92 634. Chairman of the Board 707.717.250 485. P217. P690. Partnership 710.289.763. Cartel 410.73% 497.630 742.64 567.03 555.287.73 786.200 380. P2.95 600.025. P77. Depreciation 611.486.75% 488.716. P11.00% 483.88 548.37 739.00 783.449. P8. P2. 4. Depreciation 405. Discount 733. P2. 5.068 592. Market value 713. P2. 3. P44. Borrow and buy is economical by almost a hundred thousand than lease.44 645. Interest rate 749. 12.030.949. Deflation 409.51 585. P839. Deflation 413. P18.195.34 756.50 678. 32. P125. 26 days 462. P32.545.0% 477. Interest 720.6% 361.101.29 623.55% 534. 2.64 660. P120.645 468.73 648.848.023. Perfect competition 714.623.24% 511. P143.97 479.00 452.86 622. P347. P5. Working capital 727. 3. Partnership 441.92 502. 11. Monosony 407. Necessities 716.795. P147. P37. Foreign operation yields approximately 3% less rate of return than domestic operation. Ordinary annuity 764.44 384.207.20 516.999. Necessities 437. P31. P13. P1.58 670. 4. P860 465. Fair value 763. P76. P3. P621. P2.869. P6.454.225.552. Depreciation recovery 724.29 624.7% 640.000 370.95 692.919.5 years 681. 24. Supply 705.42 531. Luxuries 715. Construction cost 424.74% 583.34 633.615. 16.994.67% 549. P3.781. P8. P14.611.629.00 584.000 367.07% 453. 19. 7. 6% 363.375. P12. 5 years 526.39 500.00 359. P72.93 541. P5. P18.233. P734. 16. 5.498. 13. 8.922. P13. Bilateral monopoly 730.12 533.5% 532.39 360. Duopoly 419. 7.33 686.265. P2.81 631.5% 461. P135. 5 years 554. P14. 701.06% 561. 41. 16.000 389.576.05% 491.37 745.133. P717. P5.00 398.821.58 391.52 538. Duopsony 731.573.95 514.800 493. P64 M 383. P13.64% 522.827.84% 546. 4.346.008. Double Declining Balance 396. Salvage value 612.58 577.13 566.782. P1. Private 708.941. P1. P4. P593. Market value 404.17% 484. P30.24 471.835. Annuity 603.72 682.69% 499. Deferred annuity 420. P6.76 375.672. P201.731.00 774.631.75 657.64% 495.821.968. 19 years 388.204. Physical inventory 433. P16. 10.47% 672. P4.19 651.504.750 458. 15. P846.504. P15. An asset 706.11% 590. P13. Annuity 414.420 392. P291.200 460. P4. 5. P15.000.000 per year than that of LA Lakers’ 741.56% 760. P2. Bond 431. 19.000 374. The first payment is made at the beginning of each period. 12.675.59 539.73 646.779. P679. Deferred annuity 606.96 568. P30. P3. P3.83 504. P153.550 563. 42.710. Economic return 746.030.00% 582.83% 512.08 594. P2.38 551.500 466. P857.00% 515. P278. P146.000 475.8% 643.000 373.20 773. 24% 656.185. Perpetuity 615. 15.492% 680.13 655. 17. P146. P12. P400.57 621. P1. Depreciation 771. P13. P252.09 775. P28.200.379. P71. Effective rate 711.548.7% 598. Duopsony 418.52 658. P4.33% 469.000 399. P4. P2.782. P34.710.85 575.54 618.000 683. Chicago Bulls’ offer is over $150.57 years 529. 4. 28. P42.040. P2. Book value 719. Escalatory clause 723. 3.53 540. Depreciation 709.074.96% 527.800 481. P7. P1. 0. 19.13 617. P2.37 666.32 630. P242.664.56 588.444.733.000.33 382.294.000 368.000.679.24 669.28 560. P17. 9 years 776. 5. P32. P6. Acid-test ratio 610. Book value 427.642. P8. P1. P1. P233.715.939. 8.25 559.54 685. Book value 408. P2. Salvage value 432. P30.00 668. A/i 768. P705. 6 597. 14.00 788.00 .50 478.18 674.000 400. P51.29% 480. Par value 417. 20 years 557.000 372.860.144.357. P857 386.263.851.49 508.45 503. P15.00 779.548. P106.86 years 519. P7. P7. P236. P18. Gratuitous 423. 6.92 545.81 762. Discount 429.769. 75% 941.33 806. Ordinary annuity 911. evaluation over different periods 865.00 923.00 930.360. Corporation 847. 7.57 809.000. Break-even method 921.50 950. Sinking fund method 919.157.50 808.0 hours per unit 817. Simple interest 904. Compound interest 905. Sum of the year’s digit method 918. P541. P 10.490 829. 12 942.44 944. Both A and B 903. 120 819. Price discrimination 878. P814.000. All of the above 841. 5 850. Price war 880. Straight line method 837. Monopsony 884. 2. Discount 877.10 805.228 818. P88.955. Rate of return 901. Depletion 844. The partners’ personal assets are attached to the debt of the partnership 851.149. P295. amortization 855.000 834. annuity 853. 10.61 933. 5 years 936. corporation 885. bid bulletin 892. Physical inventory 895. P41.053 812. depreciation 874. P9. market value 861. Interest 902.20 932.62 935. P 30.361. n(n + 1)/2 842. book value 890.658. 160 815.00 940. P 1. identical equivalent uniform annual cash flows 867. P6.960 828.540. P791.66 949.033. working capital 856.680 831. P170. sinking fund 871. 1. 11. All of the above 909. patents 891. 160. P99. Sinking fund 888. P 2. Sole proprietorship 845.334 814. Sinking fund method 839. 13. 2.244. P 10.000 813.75% 929.87 948.%net salvage value)/Estimated service life 868. 800 810. 886 811. 12. P322.72% 804. Depreciation amnesty 896. P3.276.308. 295.20 928. Bond 920.00 799. 916. P550. 1.800.77 946.601 824.710. interest rate 899. economic return 854.927.000 827.66 801. nominal rate 906. book value 864. marginal revenue 869. an asset 872.000 802. P 1.26 794. necessities 858. tort 893.034.040. P25. P 34.429. book value 887. First cost + Cost of perpetual maintenance 843.97 924.794. P 24.744. 25 832. Partnership 883. oligopoly 859. Equilibrium price 881.250. 250 833. book value 898. 7. Profit of P121.323. annuity 908. 16. Straight line depreciation 917. Sinking fund method 852.89 795. P11. balance sheet 863.559.14% 931.40 796.000 800. Physical life 882. 894.41 798.015 816. P1. Law of diminishing Utility 876. P7.00 938. Effective rate 875. P666. Cartel 879. luxuries 857.27 797. P 13. 3. all of these 866. perfect competition 860. P171. Straight line method 900. Corporation 848. 1. Enterprise 849. journal 870. 12. cost of goods sold 886. salvage value 897. $500.143 835. 110 820.84% 947.77 years 945. 9. 1988 939. P 6. P 11. 5. P 170.67 807.61 934.083. 4% 927. P3. Perpetuity 910. A series of equal payments at equal time periods.67 822.632 823. P 11.666.00 922. P 10.011 836. Effective rate 907.320 830.793.48 .200.000 826.92% 943.354.00 925. Capitalized cost 914.549. 1.102. P 408.40 803. (100% .000 feet 821. capital 889. Declining balance method 838. Deferred annuity 912. P325. 4. 1. Depreciation 915. Sinking fund factor 840. P 152. utility 862. Partnership 846.253. 12 years 937. all of the list 873. Annuity due 913. 304 days 926.666.040 825.244. All of the above.