1st Quiz FA

1st Quiz FA

Professional Development

10 Qs

quiz-placeholder

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1st Quiz FA

1st Quiz FA

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

Pooja Chaudhary

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between sales and COGS is called as:

Gross profit

Operating profit

Net profit

Sales profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The profit margin before deducting interest expenses and taxes is called:

Gross profit margin

Operating profit margin

Net profit margin

Sales profit margin

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The profit available for the distribution to shareholders is called as:

Gross profit

Operating profit

Net profit

Sales profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To evaluate the financial health of the business the profit margins should be compared with:

Same industry average

Market average

Other industries average

Historical market average

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula to calculate return on equity is:

Net Income/Total Capital

Net Income/ Total retained earnings.

Net Income/ Total shareholders’ equity

Net Income/ Total investment

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which concept of accounting says, “record expenses, losses, and liabilities as soon as possible when there is uncertainty about the outcome and gains and incomes should be recorded only if their occurrence is certain.”

Conservatism concept or the prudence concept

Accrual concept

Matching concept

Materialism concept

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Operating profit can also be called as:

Earnings before interest and tax

Earnings before tax

Earnings after tax

Earnings after interest and tax

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