Accounting for Managers

311. If bank giving 12% interest rate per year, then per month it will be

1. 1%
2. 12%
3. 5%
4. 6%

View answer

312. Market value determines

1. On running business
2. When company closedown
3. Before establishment of business
4. When asset sold individually

View answer

313. The Yield to Maturity on a bond is

1. Equal to the Coupon Rate divided by the Market Price
2. The Current Required Market Rate
3. Equal to the Annual Interest divided by the Face Value
4. Another name for the coupon rate.

View answer

314. Muhammad Ali just received an interest payment that is equal to 7 percent of his Rs. 20,000 in Bond investment. This 7 percent is best described as a

1. Real Return
2. Deflated Return
3. Coupon Return
4. None

View answer

315. A decrease in the firm's receivable turnover ratio means that ______________.

1. Inventories have gone up
2. It is collecting credit sales more slowly than before
3. Cash sales have gone down
4. None of above

View answer

316. Marketable Securities, Account Receivables and Inventory are listed as

1. Current Asset
2. Current Liabilities
3. Long Term Asset
4. Long term liabilities

View answer

317. The Coupon Rate for a Bond is best defined as the

1. Annual interest divided by the current market price
2. Annual interest divided by the face value
3. Annual interest divided by the clean market price
4. All of Above

View answer

318. Which of the following is considered a Profitability measure?

1. Days Sales in Inventory
2. Fixed Asset Turnover
3. Cash Coverage Ratio
4. Return on Assets

View answer

319. Quick ratios are also called ______________

1. Super ratios
2. Acid-test ratios
3. Cash ratios
4. None of the above

View answer

320. Bond secured by lien on real property is

1. Debenture
2. Euro bond
3. Mortgage bond
4. Convertible bond

View answer