Problem Solving

You invested P10,000 for 3 years at 9% and the proceeds from the investment will be collected at the end of 3 years. Using a simple interest assumption, compute for the cumulative interest at the end of 3 years?

• P2,700

• P900

• P1,800

• P12,700

You invested P10,000 for 3 years at 9% and the proceeds from the investment will be collected at the end of 3 years. Using a simple interest assumption, how much will much will be the TOTAL PROCEEDS (Principal + cumulative interest) at the end of 3 years?

• P13,700

• P12,700

• P15,700

• P11,700

You invested P10,000 for 3 years at 9% and the proceeds from the investment will all be collected at the end of 3 years. Using the COMPOUND INTEREST ASSUMPTION, how much will be the cumulative interest at the end of 3 yrears?

• P900

• P2,950.29

• P1,062.29

• P12,950.29

You invested P10,000 for 3 years at 9% and the proceeds from the investment will all be collected at the end of 3 years. Using the COMPOUND INTEREST ASSUMPTION, how much will you receive at the end of 3 years?

• P12,950.29

• P12,750.92

• P12,350.27

• P11,980.29

On July 1, 2020, LHT Company borrowed P3 million from Land Bank of the Philippines (LBP) at the rate of 10% a year. The loan is paid at the rate of P500,000 every December 31 and June 30 until the full amount is paid. Using the amortization schedule, how much will be the principal payment on December 31, 2020?

• P650,000

• P1,000,000

• P500,000

• P150,000

Lee Min Hoo Company is having its strategic planning for the year 2024 in prepration for the making of its Budget. If the Projected Sales for the year 2024 amounted to P24,000,000 with a projected gross profit ratio of 25%. How much will be the Gross Profit for the year 2024?

• P5,500,000

• P6,000,000

• P6,500,000

• P5,600,000

Lee Min Hoo Company is having its strategic planning for the year 2024 in prepration for the making of its Budget. If the Projected Sales for the year 2024 amounted to P24,000,000 with a projected gross profit ratio of 25%. How much will be the Cost of Sales for the year 2024?

• P18,500,000

• P19,000,000

• P18,900,000

• P18,000,000

Lee Min Hoo Company is having its strategic planning for the year 2024 in prepration for the making of its Budget. If the Projected Sales for the year 2024 amounted to P24,000,000 with a projected net profit ratio of 12%. How much will be the Net Profit or Net Income for the year 2024?

• P2,880,000

• P2,800,000

• P2,980,000

• P2,890,000

Compute the CURRENT RATIO using the figures below of Lee Min Hoo Company for the year 2021.

Total Assets - P8,500,000

Total Current Assets - P4,800,000

Total Liabilities - P3,000,000

Total Current Liabilities - P2,000,000

• 1.4

• 2.1

• 1.8

• 2.4

Compute the DEBT RATIO using the figures below of Lee Min Hoo Company for the year 2021.

Total Assets - P8,500,000

Total Current Assets - P4,800,000

Total Liabilities - P3,000,000

Total Current Liabilities - P2,000,000

Stockholders Equity - P5,500,000

• 2.38

• 2.83

• 3.82

• 2.87