
F4 Accounting ch7 supp ex
Authored by Hon So
Business
9th - 12th Grade
Used 14+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the gross profit ratio of an item that costs $300 and is sold for $450?
33.33%
66.67%
50%
100%
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
1.24:1
0.47:1
0.63:1
2.51:1
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
1.1:1
0.84:1
0.69:1
0.61:1
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A trading firm purchases goods costing $5,000 by cheque. What is the effect on the firm’s current ratio?
The current ratio increases.
The current ratio decreases.
The current ratio remains the same.
Cannot be determined with the information given.
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The acid test ratio of a business may increase as a result of
a decrease in cash.
an increase in inventory.
an increase in bank loans.
a decrease in trade payables.
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
$270,000
$291,000
$390,000
$298,000
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The following data were extracted from the books of Mandy’s business for the month of June 2018:
Gross profit for the month = $22,000
Expenses for the month = $8,000
Net profit for the month = 10% of monthly sales
The firm’s cost of sales for June 2013 was
$152,000
$153,000
$118,000
$100,000
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
20 questions
MODULE 3 - POST-TEST - BASIC ACCOUNTING
Quiz
•
10th Grade
11 questions
Parliament
Quiz
•
10th - 12th Grade
15 questions
QUIZ BAB 1 BISNIS ONLINE KELAS 11
Quiz
•
11th Grade
12 questions
Introduction to the Balance Sheet
Quiz
•
9th Grade
14 questions
Marketing mix review
Quiz
•
10th - 11th Grade
15 questions
Social Media Marketing Mastery
Quiz
•
9th - 12th Grade
16 questions
Unit 3 AOS 2 Motivation Strategies
Quiz
•
12th Grade
18 questions
Debt Vocabulary
Quiz
•
10th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade