What type of bond is issued jointly by two or more corporations ?
(A) Mortgage bond
(B) Joint bond
(C) Tie-up bond
(D) Trust bond
What refers to a document that shows proof of legal ownership of a financial security ?
(A) Bond
(B) Bank note
(C) Coupon
(D) Check
A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. There will be 400 soldered connections. The cost of soldering a connection on the enameled wire will be P 1.65 on the tinned wire, it will be P 1.15. A 100- pair cable made up with enameled wire cost P 0.55 per linear foot and those made up of tinned wire cost P 0.75 per linear foot. Determine the length of cable run in feet so that the cost of each installation would be the same ?
(A) 1,000 feet
(B) 1,040 feet
(C) 1,100 feet
(D) 1,120 feet
A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand ?
(A) 1.0 hour per unit
(B) 1.2 hours per unit
(C) 1.4 hours per unit
(D) 1.6 hours per unit
A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000 _________________?
(A) 1,033
(B) 1,037
(C) 1,043
(D) 1,053
The declining balance method is also known as ____________________?
(A) Double percentage method
(B) Constant percentage method
(C) Modified sinking fund method
(D) Modified SYD method
In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year ?
(A) Straight line method
(B) Sinking fund method
(C) Sum-of-year digit method
(D) Declining balance method
In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes ?
(A) Straight line method
(B) Sinking fund method
(C) Sum-of-year digit method
(D) Declining balance method
In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset ?
(A) Straight line method
(B) Sinking fund method
(C) Sum-of-year digit method
(D) Declining balance method