Description : Gross returns - Cost B is
Last Answer : Ans. Family labour income
Description : In the Clark Company, sales were $480,000, sales returns and allowances were $30,000, and cost of goods sold was $288,000. The gross profit rate was a. 64%. b. 36%. c. 40%. d. 60%.
Last Answer : b. 36%.
Description : Ingrid's Fashions sold merchandise for $38,000 cash during the month of July. Returns that month totaled $800. If the company's gross profit rate is 40%, Ingrid's will report monthly net sales revenue and cost of goods ... b. $37,200 and $14,880. c. $37,200 and $22,320. d. $38,000 and $22,320.
Last Answer : c. $37,200 and $22,320.
Description : A company shows the following balances: Sales $1,000,000 Sales Returns and Allowances 180,000 Sales Discounts 20,000 Cost of Goods Sold 560,000 What is the gross profit percentage? a. 56% b. 70% c. 44% d. 30%
Last Answer : d. 30%
Description : If the gross returns from an enterprise are INR 30000 and the net returns INR 20000, the benefit cost ratio based on net gain would be a). 3.0 b). 2.0 c). 1.0 d). 1.5
Last Answer : b). 2.0
Description : Net returns a). Gross return – Fixed cost – Variable cost b). Gross return – Variable cost c). Gross return – Fixed cost d). Gross return – Total cost i) a & b, ii) a & c, iii) a & d, iv) b & d
Last Answer : iii) a & d
Description : Gross income - Total Cost is equal to
Last Answer : Ans. Profit
Description : A process of estimating costs, returns and net profit of a farm or a particular enterprise
Last Answer : Ans. Farm Budgeting
Description : What effect does the law if diminishing returns have on total variable cost?
Last Answer : Solve log7 (X+1) + log7 (x-5)=1
Description : )Quality costs include : 1. the total of all costs incurred to assure the production and delivery of acceptable products and services. 2. Only costs classified as prevention, detection and ... rework due to defects, customer returns and warranty costs. 4. The expense of upper management
Last Answer : 1. the total of all costs incurred to assure the production and delivery of acceptable products and services.
Description : A profitability index (PI) of .92 for a project means that . A. The project's costs (cash outlay) are (is) less than the present value of the project's benefits B. The project's NPV is ... is greater than 1 D. The project returns 92 cents in present value for each current rupee invested (cost)
Last Answer : C. The project's NPV is greater than 1
Description : Why is the law of diminishing marginal returns true? a. specialization and division of labor b. spreading the average fixed cost c. limited capital d. all factors being variable in the long-run
Last Answer : c. limited capital
Description : Which of the following accounts has a normal debit balance? a. Merchandise Inventory b. Sales Returns and Allowances c. Cost of goods sold d. Sales
Last Answer : d. Sales
Description : he journal entry to record a return of merchandise purchased on account under a perpetual inventory system would include a. Accounts Payable Sales Returns and Allowances b. Purchase Returns and ... Accounts Payable c. Accounts Payable Inventory d. Merchandise Inventory Cost of Goods Sold
Last Answer : d. Merchandise Inventory Cost of Goods Sold
Description : In a perpetual inventory system, a return of defective merchandise by a cash customer is recorded by crediting a. Accounts Payable and Cash. b. Merchandise Inventory and Cost of Goods Sold c. Purchases Returns and Allowances and Merchandise Inventory. d. .Cash and Cost of Goods Sold.
Last Answer : d. .Cash and Cost of Goods Sold.
Description : Baden Shoe Store has a beginning merchandise inventory of $30,000. During the period, purchases were $140,000; purchase returns, $4,000; and freight-in $10,000. A physical count of inventory at the end of the period revealed ... for sale was a. $164,000. b. $156,000. c. $176,000. d. $184,000.
Last Answer : c. Purchases Returns and Allo
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.
Description : When attempting to build a risk premium into the required returns of stocks in a developing country, an analyst should use the ________. a) country spread model b) country's weighted average cost of capital c) modified Gordon growth model d) dividend discount model
Last Answer : a) country spread model
Description : Total variable cost curve is explained by (a) Law of the diminishing marginal returns ; (b) The price of the variable inputs; (c) Production function ; (d) All the three
Last Answer : ; (d) All the three
Description : The negatively sloped part of long run cost curve of a firm is due to (a) Increase in production due to specialization and division of labour; (b) Diseconomies of scale ; (c) Diminishing returns to scale ; (d) Marginal utility theory
Last Answer : (a) Increase in production due to specialization and division of labour;
Description : The positively sloped part of long run cost curve of a firm is due to (a) Economies of scale ; (b) Diseconomies of scale; (c) Diminishing returns to scale ; (d) Marginal utility theory
Last Answer : (b) Diseconomies of scale;
Description : Law of returns to scale applies when……… (a) All inputs cost are variable ; (b) All input cost are fixed; (c) All cost are partly fixed and partly variable ; (d) None
Last Answer : (a) All inputs cost are variable ;
Description : The technique of reducing the size of replication over a number of blocks at the cost of loosing some informations on same effect
Last Answer : Ans. Confounding Design
Description : Benefit Cost Ratio is
Last Answer : Ans. Gross income/Cost C
Description : Cost C is equal to
Last Answer : Ans. Cost B + imputed value of family human labour
Description : The total cost of production which includes all cost items, actual as well as imputed.
Last Answer : Ans. Cost C
Description : Cost B1 + rental value of owned land and rent paid by leased in land
Last Answer : Ans. Cost B2
Description : Cost A2 + interest on value of owned capital assets (including land)
Last Answer : Ans. Cost B1
Description : Cost A1 + rent paid for based in land
Last Answer : Ans. Cost A2
Description : Fixed cost is also known as
Last Answer : Ans. Overhead cost
Description : Variable cost is also known as
Last Answer : Ans. Prime cost/Input cost
Description : The change in cost associated with an increase of one unit of output.
Last Answer : Ans. Marginal cost (MC)
Description : The cost related to the variable resources and change with the output
Last Answer : Ans. Variable Costs
Description : Fixed Cost + Variable Cost is
Last Answer : Ans. Total cost
Description : The line by which all the least cost combination points are joined to each other
Last Answer : Ans. Expansion Path
Description : Marginal cost is equal to
Last Answer : Ans.
Description : Cost calculated per hectare is known as
Last Answer : Ans. Cost of Production (COC)
Description : Why is gross domestic product at factor cost more than the net domestic product at factor cost ?
Last Answer : Why is gross domestic product at factor cost more than the net domestic product at factor cost ?
Description : When sale is Rs. 4,80,000, gross loss is 25% on cost, purchase is Rs. 3,50,000 and closing stock is Rs. 60,000, the stock in the beginning would be– (A) Rs. 70,000 (B) Rs. 94,000 (C) Rs. 1,34,000 (D) Rs. 3,50,000
Last Answer : Answer: Rs. 3,50,000
Description : The rate of gross profit is 20% on sales and the cost of goods sold is Rs. 1‚00‚000, the amount of gross profit will be– (A) Rs. 30‚000 (B) Rs. 25‚000 (C) Rs. 20‚000 (D) Rs. 16‚667
Last Answer : Answer: Rs. 25‚000
Description : Rate of Gross Profit on cost is 25%. Total sales is Rs. 1,00,000 and Average Stock is Rs. 1,60,000. Stock Turnover Ratio will be– (A) 0•5 times (B) 0•8 times (C) 0•10 times (D) 0•4 times
Last Answer : Answer: 0•5 times
Description : Aggregate net value of the output in one year is the - (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net. National Product at market prices (4) Gross National Product at market prices
Last Answer : (3) Net. National Product at market prices Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in ... at market price, Net national product at market price=Gross national product at market priceDepreciation.
Description : The difference between the total cost of a project and the sanctioned loan amount is termed as ___________ A. Near Money B. Hot Money C. Gross Income D. Margin Amount
Last Answer : D. Margin Amount Explanation: The Difference between the market value of a collateral and amount of the loan advanced against it. Margin Amount is also known as haircut.
Description : Gross profit is equal to 1. selling price minus purchase price 2. selling price minus purchase price plus depreciation 3. depreciation plus unsold stock minus purchase price 4. purchase price minus production cost 5. None of these
Last Answer : selling price minus purchase price
Description : Gross earning is equal to the total income minus (A) Total product cost (B) Fixed cost (C) Income tax (D) None of these
Last Answer : A) Total product cost
Description : Pick out the wrong statement. (A) Gross margin = net income - net expenditure (B) Net sales realisation (NSR) = Gross sales - selling expenses (C) At breakeven point, NSR is more than the total production cost (D) Net profit = Gross margin - depreciation - interest
Last Answer : (C) At breakeven point, NSR is more than the total production cost
Description : Generally, income taxes are based on the (A) Total income (B) Gross earning (C) Total product cost (D) Fixed cost
Last Answer : (B) Gross earning
Description : Pick out the wrong statement. (A) Longer tubes are less expensive per unit heat transfer area as compared to shorter tubes (B) A cost index is merely a number for a given year ... butt welded joints are less expensive compared to lap welded joints, because squaring of plates is not necessary
Last Answer : (D) Plates with butt welded joints are less expensive compared to lap welded joints, because squaring of plates is not necessary
Description : Cole Company has sales revenue of $39,000, cost of goods sold of $24,000 and operating expenses of $9,000 for the year ended December 31. Cole's gross profit is a. $30,000. b. $15,000. c. $6,000.
Last Answer : b. $15,000.
Description : Gross profit is calculated by subtracting ________ from _________, a. operating expenses, net income b. sales discounts from sales revenue c. cost of goods sold, net sales revenue d. merchandise inventory, cost of goods sold
Last Answer : c. cost of goods sold, net sales revenue