Front

XYZ Corporation manufactures bookcases that it sells for $65 each. It costs XYZ $35,000/yr to operate its plant. This sum includes rent, depreciation charges on equipment, and salary payments. If the cost to produce one bookcase is $50, how many bookcases must be sold each year for XYZ to avoid taking a loss?

Back

2334 bookcases/yr

Front

XYZ Corporation is applying for a short-term loan. In reviewing XYZ Corporation's financial records, bank ABC finds a current ratio of 2.0, an acid test ratio of 0.5, and an account receivable period of 70 days. What should the banker do?

Back

suggest that XYZ Corporation lower its inventories AND suggest that XYZ Corporation be more aggressive in collecting on its invoices

Front

A young electrical engineer borrowed money P10,000 at 12% interest and paid P2,000 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?

Back

P 6,922.93

Front

If Php 25,000 is deposited now into a savings account that earns 6% per year, what uniform annual amount could be withdrawn at the end of each year for ten years so that nothing would be left in the account after the 10th withdrawal? (TS: 6% → 8%)

Back

Php 3725.74

Front

A bank is advertising 9.5% account that yield 9.84% annually. How often is interest compounded? Options: Monthly, Bimonthly, Quarterly, Annually.

Back

Quarterly

Front

At what annual interest rate is Php 500 one year ago equivalent to Php 600 today?

Back

20%

Front

What is the corresponding rate of interest for 18% simple discount rate?

Back

21.95%

Front

Find the amount of money you have to deposit in order to accumulate P1,500 per quarter for interest rate of 12% compounded quarterly.

Back

P34,672.16

Front

Determine an airplane's altitude if the pilot measures the barometric pressure at 700mm Hg, the ground reports its at 758 mm Hg and the average air density is 1.19kg/m^3, g=9.8m/s^2.

Back

663m

Front

An escalator raises a 100 kg bucket of sand in 10 m in 1 minute. Determine the total amount of work done during the process.

Back

9800 J