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This quiz has been taken 27 times
The average score is 4 of 15

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Question	Answer	% Correct
Impact of debits and credits on a withdrawal account.	D Increase - C Decrease.	62%
Which of these is not included as a separate item in the basic accounting equation :	Revenue	52%
Market-based pricing:	considers demand and competitors' price	38%
Accounts such as -------, Investment Securities, and -------- are reported as ------- on the bank's ---------.	Cash , Loans receivable ,Assets , Balance sheet.	33%
Buyers of a product will pay the majority of a tax placed on a product when	Supply is more elastic than demand	33%
each Front Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 32 percent. The firm paid $59,000 in cash dividends. What is the addition to retained earnings?	76,320$	24%
Mike LTD paid 220 000 Euro for 60% equity in Adidas , at the date of acquisition Adidas shared capital of 200 000 Euro and retain earnings of 100 000 Euro . Adidas record all her transaction at fair value ,Assuming partial goodwill was adopted Mike LTD interest in Adidas will be equal to :	180 000 Euro	19%
fix costs=12000$ Contribution margin =20$ Sold unit =1600$. Calculate the operating income.	20000$	19%
BBC had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends. During the year, the company sold $75,000 worth of common stock. What is the cash flow to stockholders?	26,360$	19%
Cash flow to stockholders is defined as:	dividend payments less net new equity raised	19%
Cost of Investment in Toyota is 800,000 Yen, The reserve Capital is(46000) in 2020 ,the pre acquisition dividend represent (36000) such the pre-acquisition profit (90000).Calculate the value of shares in Toyota at 2020.	(720,000)	14%
Which of the following are included in current liabilities? I-note payable to a supplier in eight months II. amount due from a customer next month III. account payable to a supplier that is due next week IV. loan payable to the bank in fourteen months	I and III only	14%
Gelato sells ice-cream in single cones. Data for the store shows fixed costs are $24,000 per month, revenue is $200,000 per month with a charge of $2 per cone and variable costs are $60,000 per month. The cost function is	TC = $24,000 + $0.60 per con	14%
At breakeven point of 200 units , Variable cost =400$ , Fix one equal 600$. How much will the 20 units sold make profits?3	3$	10%
Minden Co has current assets of $180,000 (cash: $20,000, accounts receivable: $70,000, inventory: $90,000), and long-term assets that had cost $400,000, with accumulated depreciation to date of $180,000. Sales were $500,000, and operating profit was $50,000. Tax was $20,00 and interest paid was $10,000. Their receivables turnover ratio was:	7.1x	0%

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