The original cost of an equipment is Rs.10,000. Its salvage value at the end of its total useful life of five years is Rs. 1,000. Its book value at the end of two years of its useful life (as per straight line method of evaluation of depreciation) will be (A) Rs. 8,800 (B) Rs. 7,600 (C) Rs. 6,400 (D) Rs. 5,000

The original cost of an equipment is Rs.10,000. Its salvage value at the end of its total useful life of
five years is Rs. 1,000. Its book value at the end of two years of its useful life (as per straight line
method of evaluation of depreciation) will be
(A) Rs. 8,800
(B) Rs. 7,600
(C) Rs. 6,400
(D) Rs. 5,000
by

1 Answer

Answer :

(C) Rs. 6,400
by

Related questions

A machine is purchased for Rs. 10,000,00 and has an estimated life of 10 years. The salvage value at the end of 10 years is Rs. 1,50,000. The book value of the machine at the end of 5 years using general straight line method of evaluation of depreciation is (A) Rs. 4,75,000 (B) Rs. 5,75,000 (C) Rs. 6,50,000 (D) Rs. 8,50,000

Description : A machine is purchased for Rs. 10,000,00 and has an estimated life of 10 years. The salvage value at the end of 10 years is Rs. 1,50,000. The book value of the machine at the end of 5 years using general straight line method ... Rs. 4,75,000 (B) Rs. 5,75,000 (C) Rs. 6,50,000 (D) Rs. 8,50,000

Last Answer : (B) Rs. 5,75,000

A machine has an initial value of Rs. 5000, service life of 5 years and final salvage value of Rs. 1000. The annual depreciation cost by straight line method is Rs. (A) 300 (B) 600 (C) 800 (D) 1000

Description : A machine has an initial value of Rs. 5000, service life of 5 years and final salvage value of Rs. 1000. The annual depreciation cost by straight line method is Rs. (A) 300 (B) 600 (C) 800 (D) 1000

Last Answer : (C) 800

A reactor having a salvage value of Rs. 10000 is estimated to have a service life of 10 years. The annual interest rate is 10%. The original cost of the reactor was Rs. 80000. The book value of the reactor after 5 years using sinking fund depreciation method will be Rs. (A) 40,096 (B) 43,196 (C) 53,196 (D) 60,196

Description : A reactor having a salvage value of Rs. 10000 is estimated to have a service life of 10 years. The annual interest rate is 10%. The original cost of the reactor was Rs. 80000. The book value of the reactor after 5 years ... method will be Rs. (A) 40,096 (B) 43,196 (C) 53,196 (D) 60,196

Last Answer : D) 60,196

An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Description : An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if ... years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Last Answer : (A) Rs. 31050

An excavator costs Rs. 20,00,000 and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is (A) Rs. 8,43,750 (B) Rs. 8,75,000 (C) Rs. 10,50,000 (D) Rs. 11,56,250

Description : An excavator costs Rs. 20,00,000 and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is (A) Rs. 8,43,750 (B) Rs. 8,75,000 (C) Rs. 10,50,000 (D) Rs. 11,56,250

Last Answer : (A) Rs. 8,43,750

A Firm is considering undertaking a project that would yield annual profits (after depreciation) of Rs 68,000 for 5 years. The initial outlay of the project would be Rs 800,000 and the project's assets would have a residual value of Rs 50,000 at the end of the project. What would be the accounting rate of return for this project? A 16% B 8.5% C 8.0% D 9.1%

Description : A Firm is considering undertaking a project that would yield annual profits (after  depreciation) of Rs 68,000 for 5 years. The initial outlay of the project would be Rs  800,000 and the project's assets would have ... accounting rate of return for this project?  A 16%  B 8.5%  C 8.0%  D 9.1%

Last Answer : A 16%

'P' is the investment made on an equipment, 'S' is its salvage value and 'n is the life of the equipment in years. The depreciation for Rath year by the sum-of year’s digit method will be (A) (P - S)/n (B) 1 - (P/S)1/m (C) (m/n) (P - S) (D) [2 (n - m + 1)/n(n + 1)]. (P - S)

Description : 'P' is the investment made on an equipment, 'S' is its salvage value and 'n is the life of the equipment in years. The depreciation for Rath year by the sum-of year’s digit method will be (A) (P - S)/n (B) 1 - (P/S)1/m (C) (m/n) (P - S) (D) [2 (n - m + 1)/n(n + 1)]. (P - S)

Last Answer : D) [2 (n - m + 1)/n(n + 1)]. (P - S)

A company has to choose between two projects whose cash flows are as indicated below; Project 1: i. Investment – Rs. 15 Lakhs ii. Annual cost savings – Rs. 4 lakhs. iii. Bi-annual maintenance cost – Rs. 50,000/- iv. Reconditioning and overhaul during 5th year: 6 lakhs v. Life of the project – 8 years vi. Salvage value – Rs. 5 lakhs Project 2: vii. Investment – Rs. 14 Lakhs viii. Annual cost savings – Rs. 3.5 lakhs. ix. Annual Maintenance cost – Rs. 20,000/- x. Reconditioning and overhaul during 4th year: 5 lakhs xi. Life of the project – 8 years xii. Salvage Value- 2 lakhs Which project should the company choose? The annual discount rate is 12

Description :  A company has to choose between two projects whose cash flows are as indicated  below; Project 1:  i. Investment - Rs. 15 Lakhs ii. Annual cost savings - Rs. 4 lakhs. iii. Bi-annual ... years xii. Salvage Value- 2 lakhs Which project should the company choose? The annual discount rate is 12

Last Answer : Year Project 1 Project 2 Outgo Saving NPV Outgo Saving NPV 0 15.0 0 =-15.0 14.0 0 = -14 1 0 4.0 = (4 / (1+.12)1 = 3.571 0.2 3.5 = (3.3 / (1+.12)1 = 2.95 2 0.5 4.0 = (3.5 / (1+.12)2 = 2.79 0.2 3.5 ... (1+.12)8 = 3.43 0.2 5.5  (3.5+2) = (5.3 / (1+.12)8 = 2.14 NPV = + 2.301 @12% = + 0.15

The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the (A) Initial cost (B) Book value at the end of (n - 1)th year (C) Depreciation during the (n - 1)th year (D) Difference between initial cost and salvage value

Description : The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the (A) Initial cost (B) Book value at the end ... ) Depreciation during the (n - 1)th year (D) Difference between initial cost and salvage value

Last Answer : (B) Book value at the end of (n - 1)th year

A man spends Rs 1,800 per month on an average for the first four mouths and Rs 2,000 per month for the nest 8 months and saves Rs 5,600 a year. What is his average monthly income ?

Description : A man spends Rs 1,800 per month on an average for the first four mouths and Rs 2,000 per month for the nest 8 months and saves Rs 5,600 a year. What is his average monthly income ?

Last Answer : Total expenditure during first four months = 1,800 x 4 = Rs 7,200 Total expenditure during the next 8 months = 2,000 x 8 = Rs 16,000 Saving = Rs 5,600 Total of expenditure and saving (equal to income ... ,200+ 16,000 + 5,600=Rs 28,800 Average monthly income = 28,800 /12 = Rs 2,400

A machine costs Rs. 20000 and its useful life is 8 years. The money is borrowed at 8% interest per annum. The capital recovery factor at 8% interest per annum for 8 years is 0.174. The annual equipment cost of the machine will be (A) Rs. 1740 (B) Rs. 3480 (C) Rs. 5220 (D) Rs. 6960

Description : A machine costs Rs. 20000 and its useful life is 8 years. The money is borrowed at 8% interest per annum. The capital recovery factor at 8% interest per annum for 8 years is 0.174. The annual equipment cost of the machine will be (A) Rs. 1740 (B) Rs. 3480 (C) Rs. 5220 (D) Rs. 6960

Last Answer : (B) Rs. 3480

Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the proprietor is Rs.3,600 pa. Amount of Goodwill at 3 years. purchase of super Profit is A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Description : Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the ... A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Last Answer : A

A tractor shovel has a purchase price of Rs. 4.7 lacs and could save the organization an amount of rupees one lac per year on operating costs. The salvage value after the amortization period is 10% of the purchase price. The capital recovery period will be (A) 3.7 years (B) 4.23 years (C) 5 years (D) 7.87 years

Description : A tractor shovel has a purchase price of Rs. 4.7 lacs and could save the organization an amount of rupees one lac per year on operating costs. The salvage value after the amortization period is 10% of the purchase price. The ... will be (A) 3.7 years (B) 4.23 years (C) 5 years (D) 7.87 years

Last Answer : (B) 4.23 years

The depreciation method which reduces the value of a machine by equal amount each year during the useful life is known as a) Estimated method b) constant percentage method c) compound interest method d) straight line method

Description : The depreciation method which reduces the value of a machine by equal amount each year during the useful life is known as a) Estimated method b) constant percentage method c) compound interest method d) straight line method

Last Answer : d) straight line method

Depreciation (A) Costs (on annual basis) are constant when the straight line method is used for its determination (B) Is the unavoidable loss in the value of the plant, equipment and materials with lapse in time (C) Does figure in the calculation of income tax liability on cash flows from an investment (D) All (A), (B) and (C)

Description : Depreciation (A) Costs (on annual basis) are constant when the straight line method is used for its determination (B) Is the unavoidable loss in the value of the plant, equipment and materials with lapse in time ... income tax liability on cash flows from an investment (D) All (A), (B) and (C)

Last Answer : (D) All (A), (B) and (C)

why Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual depreciation is onthe straight line method?

Description : why Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual depreciation is onthe straight line method?

Last Answer : Novelty Chemicals bought a Motor Vehicle for$110,000 on January 5, 2016. The estimated usefullife of the vehicle is ten years. The disposal valueis estimated at $10,000. Annual ... for annualdepreciation.d) The Balance Sheet extracts for motor vehicle and itsrelated depreciation.full question

Following information is available of PQR for year ended March, 2013: 4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit is scrap value and Rs. 46,000 incurred towards total process cost then amount on account of abnormal gain to be transferred to Costing P&L will be:- (a) Rs. 2,500 (b) Rs. 2,000 (c) Rs. 4,000 (d) Rs. 3,500

Description : Following information is available of PQR for year ended March, 2013: 4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs. 2.50 per unit is scrap value and Rs. 46,000 incurred towards total process cost ... be:- (a) Rs. 2,500 (b) Rs. 2,000 (c) Rs. 4,000 (d) Rs. 3,500

Last Answer : (a) Rs. 2,500

If the current ratio is 2, current assests are worth Rs. 1,600, if current ratio is not allowed to fall below 1•5, how much additional can be borrowed by the company on the short term basis ? (A) Rs. 400 (B) Rs. 600 (C) Rs. 2,733 (D) Rs. 800

Description : If the current ratio is 2, current assests are worth Rs. 1,600, if current ratio is not allowed to fall below 1•5, how much additional can be borrowed by the company on the short term basis ? (A) Rs. 400 (B) Rs. 600 (C) Rs. 2,733 (D) Rs. 800

Last Answer : Answer: Rs. 400

The daily calcium requirement of an adult man is about (A) 400 mg (B) 600 mg (C) 800 mg (D) 1,000 mg

Description : The daily calcium requirement of an adult man is about (A) 400 mg (B) 600 mg (C) 800 mg (D) 1,000 mg

Last Answer : Answer : C

Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including dividend in the ratio of 6 : 7 in Debt and Equity Funds. If the amount reinvested in Equity Funds was Rs. 94,500/-, what was the original amount invested in Equity Funds? (a) Rs. 75,000/- (b) Rs. 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these

Description : Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including ... . 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these

Last Answer : (a) Rs. 75,000/-

Depreciation of machines fails under the indirect expenses head. As per income tax regulations, it is calculated by the __________ method. (A) Diminishing balance (B) Sinking fund (C) Multiple straight line (D) Sum of the years digit

Description : Depreciation of machines fails under the indirect expenses head. As per income tax regulations, it is calculated by the __________ method. (A) Diminishing balance (B) Sinking fund (C) Multiple straight line (D) Sum of the years digit

Last Answer : (A) Diminishing balance

Which of the following methods of depreciation calculations results in book values greater than those obtained with straight line method? (A) Multiple straight line method (B) Sinking fund method (C) Declining balance method (D) Sum of the years digit method

Description : Which of the following methods of depreciation calculations results in book values greater than those obtained with straight line method? (A) Multiple straight line method (B) Sinking fund method (C) Declining balance method (D) Sum of the years digit method

Last Answer : (B) Sinking fund method

Which of the following does not affect cash flows from a proposal: A. Salvage value B. Depreciation amount C. Tax rate change D. Method of project financing

Description : Which of the following does not affect cash flows from a proposal: A. Salvage value B. Depreciation amount C. Tax rate change D. Method of project financing

Last Answer : D. Method of project financing

The mass of 2.5 m3 of a certain liquid is 2 tonnes. Its mass density is (A) 200 kg/m3 (B) 400 kg/m3 (C) 600 kg/m3 (D) 800 kg/m

Description : The mass of 2.5 m3 of a certain liquid is 2 tonnes. Its mass density is (A) 200 kg/m3 (B) 400 kg/m3 (C) 600 kg/m3 (D) 800 kg/m

Last Answer : Answer: Option D

To the nearest rupee, what is the net present value of a replacement project whose cash flows are -Rs.104,000; Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 0 through 4, respectively? The firm has decided to assume that the appropriate cost of capital is 10% and the appropriate risk-free rate is 6%. A. Rs.15,115 B. Rs.26,798 C. Rs.33,346 D. Rs.48,121

Description : To the nearest rupee, what is the net present value of a replacement project whose cash flows are -Rs.104,000; Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 0 through 4, respectively? The firm has decided to ... -free rate is 6%. A. Rs.15,115 B. Rs.26,798 C. Rs.33,346 D. Rs.48,121

Last Answer : C. Rs.33,346

To pump water from a water reservoir 3 m deep and maximum water level at 135 m, a pump is installed to lift water up to R.L. 175 m at a constant rate of 36,00,000 litres per hour. If the length of the pipe is 1506 m and f = 0.01, ignoring other minor losses and assuming the economical diameter from Lea's formula D = 1.2 Q, the water horse power of the pump is (A) 400 (B) 450 (C) 500(D) 600

Description : To pump water from a water reservoir 3 m deep and maximum water level at 135 m, a pump is  installed to lift water up to R.L. 175 m at a constant rate of 36,00,000 litres per hour. If the length  of the ... the water horse power of the pump is  (A) 400  (B) 450  (C) 500 (D) 600

Last Answer : (D) 600

A sells an article to B making a profit of 1/5 th his outlay. B sells it to C, gaining 20%. If C sells it for Rs 600 and incurs a loss of 1/6 th his outlay, the cost price of A is: 1. Rs 600 2. Rs 500 3. Rs 720 4. Rs 800

Description : A sells an article to B making a profit of 1/5 th his outlay. B sells it to C, gaining 20%. If C sells it for Rs 600 and incurs a loss of 1/6 th his outlay, the cost price of A is: 1. Rs 600 2. Rs 500 3. Rs 720 4. Rs 800

Last Answer : 1. Rs 600

Depreciation under ICDS-V shall be charged in accordance with : a) Income Tax Act 1961 b) Companies Act 2013 c) Notified Rate –CBEC d) Straight line over the useful life

Description : Depreciation under ICDS-V shall be charged in accordance with : a) Income Tax Act 1961 b) Companies Act 2013 c) Notified Rate –CBEC d) Straight line over the useful life

Last Answer : a) Income Tax Act 1961

For protection of level crossing gate in an emergency on BG double line the Gateman should place one detonator at one place and 3 detonators at a subsequent place at a distance of ------- a) and------- meters respectively b) 400 meters in 800 meters c) 500 meters and 1000 meters d) 600 meters and 1200 meters* e) 800 meters in 1500 meters

Description : For protection of level crossing gate in an emergency on BG double line the Gateman should place one detonator at one place and 3 detonators at a subsequent place at a distance of ------- a) and------ ... c) 500 meters and 1000 meters d) 600 meters and 1200 meters* e) 800 meters in 1500 meters

Last Answer : d) 600 meters and 1200 meters*

Super Profit is Rs.9,167 and the Normal Rate of Return is 10% Goodwill as per capitalization of Super Profit method is equal to A Rs.91,670 B Rs.90,600 C Rs.67,910 D Rs.95,000 ANS: Rs 91670

Description : Super Profit is Rs.9,167 and the Normal Rate of Return is 10% Goodwill as per capitalization of Super Profit method is equal to A Rs.91,670 B Rs.90,600 C Rs.67,910 D Rs.95,000

Last Answer : ANS: Rs 91670

The following data, relates to manufacturing company for the year 2006-07– Net Profit as per P & L A/c–Rs. 2,40,000; Depreciation–Rs. 80,000; Goodwill written-off– Rs. 40,000, Profit on Sale of Fixed Assets–Rs. 16,000, Proposed Dividend–Rs. 96,000. The fund from operation would be– (A) Rs. 4,40,000 (B) Rs. 4,00,000 (C) Rs. 6,40,000 (D) None of the above

Description : The following data, relates to manufacturing company for the year 2006-07- Net Profit as per P & L A/c-Rs. 2,40,000; Depreciation-Rs. 80,000; Goodwill written-off- Rs. 40,000, Profit on Sale of Fixed Assets-Rs. 16,000, ... ) Rs. 4,40,000 (B) Rs. 4,00,000 (C) Rs. 6,40,000 (D) None of the above

Last Answer : Answer: None of the above

X, Yand Z enter into a partnership by investing in the ratio of 6 : 4: 8. After 1 year, Y invests another Rs. 540,000 and Z, at the end of 2 years, also invests Rs.540,000. At the end of three years, profit is are shared in the ratio of 6 : 8 : 10. Find initial investment of Z. A) 7,20,000 B) 8,80,000 C) 6,50,000 D) 5,50,000.

Description : X, Yand Z enter into a partnership by investing in the ratio of 6 : 4: 8. After 1 year, Y invests another Rs. 540,000 and Z, at the end of 2 years, also invests Rs.540,000. At the end of three years, profit is ... 10. Find initial investment of Z. A) 7,20,000 B) 8,80,000 C) 6,50,000 D) 5,50,000. 

Last Answer : Answer: A) Let the initial investments of X, Yand Z be Rs. 6x, Rs. 4x and Rs. 8x respectively. Then, (6x * 36) : [(4x * 12) + (4x + 540000) x 24] : [(8x * 24) + (8x +540000) x 12]=6:8:10 ... =3/4 => 864x = 432x + 38880000 => 432x = 19440000 x=90000 Z's initial investment = 8x = Rs. 7,20,000.

Annual depreciation as per straight line method, is calculated by?

Last Answer : Annual depreciation as per straight line method, is calculated by the capital cost minus the salvage value, is divided by the number of years of life.

If a book is sold at 20% more than its usual price, an extra profit of Rs.120 would be made on it. find its usual selling price. a)Rs.500 b)Rs.600 c)Rs.750 d)Rs.800

Description : If a book is sold at 20% more than its usual price, an extra profit of Rs.120 would be made on it. find its usual selling price. a)Rs.500 b)Rs.600 c)Rs.750 d)Rs.800

Last Answer : b)Rs.600

From the information given below, calculate Debt service coverage Ratio– Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6,000, Debenture Redemption Fund Appropriation of Outstanding Debentures 10%. (A) 4•06 times (B) 5•06 times (C) 6•06 times (D) 7•06 times

Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times

Last Answer : Answer: 4•06 times

Out of the following, the depreciation calculated by the __________ method is the maximum. (A) Diminishing balance (B) Straight line (C) Sum of the years digit (D) Sinking fund

Description : Out of the following, the depreciation calculated by the __________ method is the maximum. (A) Diminishing balance (B) Straight line (C) Sum of the years digit (D) Sinking fund

Last Answer : A) Diminishing balance

A small dairy farm daily produces 100 kilograms of average quality buffalo milk and sells it to an organised dairy at the rate of Rs. 100 per kilogram of total solids contained in the milk. How much would be the daily gross income of the farm from the sale of milk ? (A) Between Rs. 2,000 and Rs. 2,200 (B) Between Rs. 1,250 and Rs. 1,400 (C) Between Rs. 700 and Rs. 825 (D) Between Rs. 1,000 and Rs. 1,100 (E) Between Rs. 1,650 and Rs. 1,850

Description : A small dairy farm daily produces 100 kilograms of average quality buffalo milk and sells it to an organised dairy at the rate of Rs. 100 per kilogram of total solids contained in the milk. How much would be the daily gross ... (D) Between Rs. 1,000 and Rs. 1,100 (E) Between Rs. 1,650 and Rs. 1,850

Last Answer : (B) Between Rs. 1,250 and Rs. 1,400

The value of a property decreases __________ with time in straight line method of determining depreciation. (A) Linearly (B) Non-linearly (C) Exponentially (D) Logarithmically

Description : The value of a property decreases __________ with time in straight line method of determining depreciation. (A) Linearly (B) Non-linearly (C) Exponentially (D) Logarithmically

Last Answer : A) Linearly

West Company has the following account balances: Purchases $48,000 Sales Returns and Allowances 6,400 Purchase Discounts 4,000 Freight-in 3,000 Delivery Expense 4,000 The cost of goods purchased for the period is a. $52,000. b. $47,000. c. $51,000. d. $44,600.

Description : West Company has the following account balances: Purchases $48,000 Sales Returns and Allowances 6,400 Purchase Discounts 4,000 Freight-in 3,000 Delivery Expense 4,000 The cost of goods purchased for the period is a. $52,000. b. $47,000. c. $51,000. d. $44,600.

Last Answer : . $47,000.

Ashwin purchased a second hand machine for Rs.1 lakh. Over the first year after its purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year he sold it for Rs.80000. Find his profit/loss percentage. If 25% of the total cost price (i.e., purchased price + expenses) is to be deducted on account of depreciation. a)12.5% profit b)12.5% loss c)11 1/9% profit d)11 1/9% loss

Description : Ashwin purchased a second hand machine for Rs.1 lakh. Over the first year after its purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year he sold it for Rs.80000. Find his ... account of depreciation. a)12.5% profit b)12.5% loss c)11 1/9% profit d)11 1/9% loss

Last Answer : d)11 1/9% loss 

Annual depreciation cost are not constant when, the __________ method of depreciation calculation is used. (A) Straight line (B) Sinking fund (C) Present worth (D) Declining balance

Description : Annual depreciation cost are not constant when, the __________ method of depreciation calculation is used. (A) Straight line (B) Sinking fund (C) Present worth (D) Declining balance

Last Answer : (D) Declining balance

Saina spent Rs. 44,668/- on her air tickets, Rs.56,732 on buying gifts to the family members and the remaining 22% of the total amount she had as cash with her. What was the total amount ? a) Rs. 1,25,800/- b) Rs. 1,30,000/- c) Rs. 1,10,500/- d) Rs. 1,68,300/- e) Rs. 1,50,000/-

Description : Saina spent Rs. 44,668/- on her air tickets, Rs.56,732 on buying gifts to the family members and the remaining 22% of the total amount she had as cash with her. What was the total amount ? a) Rs. 1,25,800/- b) Rs. 1,30,000/- c) Rs. 1,10,500/- d) Rs. 1,68,300/- e) Rs. 1,50,000/- 

Last Answer : Saving = 22% Spent = a00 - 22) = 78% Spending money = 44668 + 56732 = 101400 78%- 101400 100% = 101400 100/78 = 130000 Answer: b)

Ravi marked his Walkman at 60% above his cost price. If he had decreased his discount from 20% to 10%. he would have earned Rs.80 more. Find his cost price. a)640 b)600 c)500 d)800

Description : Ravi marked his Walkman at 60% above his cost price. If he had decreased his discount from 20% to 10%. he would have earned Rs.80 more. Find his cost price. a)640 b)600 c)500 d)800

Last Answer : c)500

Standard quantity of material per unit 5KG. Standard Price Rs 5 per KG. actual number of units 400 units. Actual quantity 2,200KG and price of material Rs 4.80 per kg. Calculate material price. a) 100(F) b) 500(A) c) 440(F) d) 600(F)

Description : Standard quantity of material per unit 5KG. Standard Price Rs 5 per KG. actual number of units 400 units. Actual quantity 2,200KG and price of material Rs 4.80 per kg. Calculate material price. a) 100(F) b) 500(A) c) 440(F) d) 600(F)

Last Answer : The standard quantity of material per unit is 5KG, so the standard quantity for 400 units would be: Standard quantity = 5KG/unit x 400 units = 2000KG The standard price per KG is Rs 5, so the ... material cost was lower than the standard material cost. Option (c) is the correct answer: 440(F).

A decrease of 40 % in the price of coffee enables a person to buy 8 kg more for Rs 400 find the original and reduced price per kg of coffee.

Description : A decrease of 40 % in the price of coffee enables a person to buy 8 kg more for Rs 400 find the original and reduced price per kg of coffee.

Last Answer : Price of 8kg of coffee= 40% of 400 Reduced price of 8kg=160Rs Reduced price of 1kg= 20Rs Original price= 20*100/60 = Rs 33.33

A certain company employed 600 men and 400 women and the average wage was 2.55 per hour.If a women got 50 paise less than a man, what were their wages per hour ? (a) Man rs 3.00,Woman Rs 2.50 (b) Man Rs 3.50, Woman Rs 3.00 (c) Man Rs 2.75, Woman Rs 2.25 (d) Man Rs 3.25, Woman Rs 2.75

Description : A certain company employed 600 men and 400 women and the average wage was 2.55 per hour.If a women got 50 paise less than a man, what were their wages per hour ? (a) Man rs 3.00,Woman Rs 2.50 (b) Man Rs 3.50, Woman Rs 3.00 (c) Man Rs 2.75, Woman Rs 2.25 (d) Man Rs 3.25, Woman Rs 2.75

Last Answer : Man = Rs 2.75, woman = Rs 2.25

During a period 17, 500 labour hours were worked at a standard cost of Rs 6.50 per hour. The labour efficiency variance was Rs 7,800 favourable. How many standard hours were produced? (a) 1,200 (b) 16,300 (c) 17,500 (d) 18,700

Description : During a period 17, 500 labour hours were worked at a standard cost of Rs 6.50 per hour. The  labour efficiency variance was Rs 7,800 favourable. How many standard hours were produced? (a) 1,200 (b) 16,300 (c) 17,500 (d) 18,700

Last Answer : (d) 18,700

CG Co manufactures a single product T. Budgeted production output of product T during June is 200 units. Each unit of product T requires 6 labour hours for completion and CG Co anticipates 20 per cent idle time. Labour is paid at a rate of Rs7 per hour. The direct labour cost budget for March is (a) Rs 6,720 (b) 8,400 (c) 10,080 (d) 10,500

Description : CG Co manufactures a single product T. Budgeted production output of product T during June is  200 units. Each unit of product T requires 6 labour hours for completion and CG Co anticipates 20 per  cent idle time. Labour is paid at ... for March is (a) Rs 6,720 (b) 8,400 (c) 10,080 (d) 10,500

Last Answer : (d) 10,500

Orbital radius of GPS satellites is approximately: (A) 15,200 km (B) 26,600 km (C) 18,400 km (D) 36,000 km

Description : Orbital radius of GPS satellites is approximately: (A) 15,200 km (B) 26,600 km (C) 18,400 km (D) 36,000 km

Last Answer : Answer: Option B