Which one of the following contains only items which are considered fixed charges?

Reduction in the level of national income and output usually accompanied by the fail in the general price level.

It is a series of equal payments occurring at equal interval of time.

In the equation E = mc2, c is

A market whereby there is only one buyer of an item for which there are no good substitute.

It is a series of equal payments occurring at equal interval of time where the first payment is made after several periods, after the beginning of the payment.

The total income equals the total operating cost.

Kind of obligation which has no condition attached.

Direct labor cost incurred in the factory and direct materials cost are the cost of all materials that go into production. The sum of these two direct cost is known as,

An index of short term paying ability is called,

An artificial expense that spreads the purchase price of an asset or another property over a number of years.

Estimated value at the end of the useful life.

Consists of the actual counting or determination of the actual quantity of the materials on hand as of a given date.

An evil wrong committed by a person damage another person’s property or reputation is,

A series of uniform accounts over an infinite period of time.

The quantity of a certain commodity that is offered for sale at a certain price at a given place and time.

The range of a projectile depends on,

What is the highest position in the corporation?

Type of ownership in business where individuals exercise and enjoy the right in their own interest.

An unbalanced force acting on an object will cause the object to accelerate in the direction of the force. This is known as:

An association of two or more individuals for the purpose of operating a business as co-owners for profit.

We may classify an interest rate, which specifies the actual rate of interest on the principal for one year as,

Parties whose consent or signature in a contract is not considered intelligent.

The law which describes the motion of stars, planets and comets.

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.

This occurs in a situation where a commodity or service is supplied by a number of vendors entering the market.

These are products or services that are desired by human and will be purchased it money is available after the required necessities have been obtained.

These are products or services that are required to support human life and activities, 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.

GATT stands for:

When one of the factors or 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.

When free competition exists, the price of a product will be that value where supply is equal to the demand.

The quantity of a certain commodity that is bought at a certain price at a given time and place.

The quantity of a certain commodity that is offered for sale at a certain price at a given time and place.

It is the profit obtained by selling stocks at a higher price than its original purchase price.

A document that shows proof of legal ownership of a financial security.

A saving which takes place because goods are not available for consumption rather than the consumer really want to save.

A residual value of a company’s assets after all outside liabilities (shareholders excluded) has been allowed for.

It denotes the fall in the exchange rate of one currency in terms of others. The term usually applies to floating exchange rates.

The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound)

Any particular raw material or primary product (e.g cloth, wool, flour, coffee..) is called:

It is a negotiable claim issued by a bank in lieu of a term deposit.

The reduction in the money value of a capital asset is called

An increased in the value of a capital asset is called:

Land, buildings, plant and machinery are examples of.

Which is an example of an intangible asset?

Everything a company owns and which has a money value is classified as an asset. Which of the following is classified as an asset.

A currency traded in a foreign exchange market for which the demand is consistently high in relation to its supply.

To triple the principal, one must use.

The 72 rule of thumbs is used to determine,

An amount of money invested at 12% interest per annum will double in approximately,

Bond to which are attached coupons indicating the interest due and the date when such interest is to be paid.

A type of bond where the corporation’s owners name are recorded and the interest is paid periodically to the owners with their asking for it.

If the security of the bond is a mortgage on certain specified asset of a corporation, this bond is classified as.

A type of bond whose guarantee is in lien on railroad equipments.

A type of bond issued jointly by two or more corporations.

The ratio of the interest payment to the principal for a given unit of time and usually expressed as percentage of the principal,

A type of bond which does not have security except a promise to pay by the issuing corporation.

A type of bond where the corporation pledges securities which it owns (i.e stocks, bonds of its subsidiaries).

A form of fixed-interest security issued by central or local government, companies, banks or other institutions. They are usually a form of longterm security, buy may be irredeemable, secured or unsecured.

The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders.

A certificate of indebtness of a corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of the corporation.

Represent the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled.

Represent ownership and enjoys certain preferences than ordinary stock.

Which is true about corporation?

Which is true about partnership?

What is the minimum number of incorporators in order corporation be organized?

Which is NOT a type of business organization?

Double taxation is a disadvantage of which business organization?

A distinct legal entity which can practically transact any building transaction which a real person could do.

An association of two or more persons for a purpose of engaging profitable business.

Is the simplest form of a business organization.

The lessening of the value of an asset due to the decrease quantity available (referring to the natural resources, coal, oil and etc).

Capitalized cost of any property is equal to the,

In SYD method, the sum of years digit is calculated using the formula with n = number of useful years of the equipment.

The first cost of any property includes,

The function of interest rate and time that determine the cumulative amount of a sinking fund resulting from specific periodic deposits.

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.

Which of the following depreciation methods cannot have a salvage value of zero?

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.

A method of computing depreciation in which the annual charge is a fixed percentage of the depreciation book value at the beginning of the year to which the depreciation applies.

As applied to a capitalized asset, 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 prearrangement program is called:

A mathematical expression also known as the present value of a n annuity of one called:

A is a periodic payment and I is the interest rate, then the present worth of a perpetuity = ?

Which is NOT an essential element of an ordinary annuity?

A type of annuity where the payments are made at the start of each period, beginning from the first period.

It is a series of equal payments occurring at equal intervals of time where the first payment is made after several periods, after the beginning of the payment.

A type of annuity where the payments are made at the end of each payment period starting from the first period.

The value which has a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties.

An intangible value which is actually operating concern has due to its operation.

Sometimes called second hand value.

Scrap value of an asset is sometimes known as:

The recorded current value of an asset is known as:

The intangible item of value from the exclusive right of a company a stated region of the country.

The true value of interest rate computed by equations for compound interests for a 1 year period is known as:

The ratio of the interest payment to be principal for a given unit of time and usually expressed as a percentage of the principal.

The interest rate at which the present work of the cash on a project is zero of the interest earned by an investment.

The profit derived from a project or business enterprise without consideration of obligations to financial contributions or claims of other based on profit.

The flow back of profit plus depreciation from a given project is called: