Beruflich Dokumente
Kultur Dokumente
DIRECTIONS. Read and analyze the questions carefully. Write the letter of the correct answer on the space
provided before each number. Use CAPITAL LETTER. Avoid erasures if possible.
_____45. Which of the following is the formula in finding the future value of an Ordinary Simple Annuity?
𝒓
(𝟏+ )𝒏𝒕 −𝟏
𝒏
a. 𝐹𝑉 = 𝑃(1 + 𝑟𝑡) c. 𝑭𝑽 = 𝑹[ 𝒓 ]
𝒏
𝑟 𝑛𝑡
𝑟 (1+ ) −1
b. 𝐹𝑉 = 𝑃(1 + 𝑛)𝑛𝑡 d. 𝐹𝑉 = 𝑅[ 𝑛
𝑟
(1+ )𝑛 −1
𝑛
Annuity
_____46. Suppose Ms. Bernardo would like to save 3,000.00 at the end of each month, for six months, in a fund
that gives 9% compounded monthly. How much is the amount or future value of her savings after 6 months?
a. 18,338.80 b. 18,340.82 c. 18,340.89 d. 18,341.90
_____47. In order to save for her high school graduation, Christian decided to save 200.00 at the end of each
month. If the bank pays 0.250% compounded monthly, how much will his money be at the end of 6 years?
a. 13,507.01 b. 13,510.02 c. 14,450.00 d. 14,507.02
_____48. Hope borrows money for the renovation of her house and repays by making yearly payments of
50,000.00 at the beginning of each year for a period of 10 years at an interest rate of 8 % compounded annually.
How much did Hope borrow?
a. 335,504.06 b. 345,504.07 c. 355,504.08 d. 365,504.09
_____49. To pay for his debt at 12% compounded quarterly, Ruben committed for 2 years payments of
P28,491.28 How much did he borrow?
a. 199,000.01 b. 200,000.01 c. 210,000.01 d. 220,000.01
_____50. What is the future value of the simple annuity if: Semi-annual payments of 8,000.00 for 12 years with
interest rate of 12% compounded semi-annually.
a. 306,524.61 b. 310,524.61 c. 406,524.61 d. 410,524.61
Noted:
JOVELITO D. CAMBA
Principal III
SAN MARIANO NATIONAL HIGH SCHOOL
Zone 01, San Mariano, Isabela
DIRECTIONS. Read and analyze the questions carefully. Write the letter of the correct answer on the space
provided before each number. Use CAPITAL LETTER. Avoid erasures if possible.
5. It provides information regarding the number of units that should be produced over a given accounting
period based on expected sales and targeted level of ending inventories.
a. Cash Budget c. Production Budget
b. Income Statement d. Sales Forecast
6. It is a financial statement that details the computation of net revenue by deducting cost of sales,
expenses, and taxes from the gross revenues generated.
a. Cash Budget c. Production Budget
b. Income Statement d. Sales Forecast
7. This referred to us as “Balance Sheet”. It provides the readers with the information as to the company’s
financial position as of a specified date.
a. Cash Budget c. Production Budget
b. Income Statement d. Statement of Financial Position
8. This is the well-known asset and known to be as a money owned by the company.
a. Cash c. Inventory
b. Receivables d. Owner’s Capital
9. This refers to the unsold merchandise that the company purchased for the purpose of reselling to its
customers in the normal course of its business.
a. Cash c. Inventory
b. Receivables d. Owner’s Capital
10. These are obligations to pay to be settled at some specific date that is more than one year away from the
date of the SFP.
a. Unearned Income c. Long-term Liabilities
b. Accrued Expense d. Payables
13. How much is the balance of Julia cash accounts as of December 31, 20X1 given the following:
She kept some cash in the store as change fund. The cash count revealed 3 pieces of 100 peso bills, 5
pieces of 50 peso bills, 5 pieces of 20 peso bills, 5 pieces of 10 peso coins, 10 pieces of 5 peso coins, 10
pieces of 1 peso and 25 pieces of 25 centavo coins.
a. 760.50 c. 766.25
b. 763.50 d. 770.25
15. If Juan’s chocolate bars were on consignment from Tsokolate-Eh, determine the balance of his
merchandise inventory account.
a. 2290.00 c. 2294.00
b. 2293.00 d. 2295.00
16. How much is the total balance of the merchandise inventory account of Juan?
a. 2545.00 c. 2543.00
b. 2544.00 d. 2542.00
17. How much is the net profit if the total sales of Jackie is 50,506.75 when deducted its expenses
23,752.25?
a. 26, 749.5 c. 26, 754.5
b. 26, 751.5 d. 26, 756. 5
18. If the expected sales (in peso) of Arvin is 76,800.00, what is the expected sales (in Unit) if the sales per
unit is 87?
a. 882.76 c. 992.76
b. 888.88 d. 1982.88
22. It is a Simple Paper tools that opens like an accordion on top to reveal compartments for storing
documents.
a. Cabinet Storage c. Accordion Folder
b. File Folder d. Hanging Folder
24. This is the capacity of a company to pay its currently maturing obligations.
a. Liquidity Ratios c. Profitability Ratios
b. Solvency Ratios d. None of the above
27. This is the entity’s ability to meet long term obligations as they become due.
a. Liquidity c. Profitability
b. Solvency d. None of the above
29. If current assets amounted to 600,000.00 and current liabilities amounted 200,000.00, how much is the
working capital of the entity?
a. 800,000.00 c. 3
b. 400,000.00 d. 1/3
30. If current assets amounted to 600,000.00 and current liabilities amounted 200,000.00, how much is the
current ratio of the entity?
a. 800,000.00 c. 3
b. 400,000.00 d. 1/3
31. If net sales is 300,000.00 and the Accounts Receivables turnover ratio is 10.00, how much is the average
Accounts Receivables for the year?
a. 299,990.00 c. 30,000.00
b. 300,000.00 d. None of the above
32. If the company makes use of 365 days and their Accounts Receivables turnover ratio is 7, how long is
their average collection period?
a. 52.14 days c. 358 days
b. 372 days d. 2,555 days
33. If the collection period is 19 days and the average age of inventory is 12 days, how long is the number of
days in the operating cycle?
a. 31 days c. 228 days
b. 7 days d. 1.58 days
34. From a working capital of 450,000.00 in 2015, the working capital of the company went up to
500,000.00 in 2016.
a. This is something good from a liquidity standpoint.
b. This is something bad from a liquidity standpoint.
c. This data has no implication on the liquidity status of the company.
d. All of the above
35. If the company’s inventory turnover is 4 and the company makes use of 360 days, how many is the
average days in inventory?
a. 364 days c. 1,440 days
b. 356 days d. 90 days
36. If total assets amounted to 600,000.00 and the total equity amounted to 100,000.00, how much is the
debt to total assets ratio?
a. 6 c. 1.2
b. 1.6666667 d. 0.8333
37. If total assets amounted to 800,000.00 and the total liabilities amounted to 200,000.00, what is the debt
to equity ratio?
a. 4 c. 0.25
b. 0.333 d. 3
38. Interest expense for the year amounted to 90,000.00. Income tax expense is 100,000.00. If net income
after tax is 620,000.00, what is the time interest earned ratio?
a. 6.2 c. 6.888
b. 9 d. 720,000.00
39. Net sales for the year is 900,000.00. If cost of goods sold is 400,000.00, what is the gross profit ratio?
a. 0.4444 c.1.8
b. 2.25 d. 0.5555
40. If net sales amounted to 200,000.00, net income before tax is 80,000.00, and the income tax rate is 30%,
how much is the profit margin ratio?
a. 0.40 c. 2.5
b. 0.28 d. 3.57
BELIEVE in YOURSELF!
Noted:
JOVELITO D. CAMBA
Principal III