What refers to the negotiable claim issued by a bank in lien of a term deposit ?
What refers to the negotiable claim issued by a bank in lien of a term deposit ? A. Time deposit B. Bond C. Capital gain certificateD. Certificate of deposit
What refers to the negotiable claim issued by a bank in lien of a term deposit ? A. Time deposit B. Bond C. Capital gain certificateD. Certificate of deposit
What is the reduction in the money value of capital asset is called ? A. Capital expenditureB. Capital loss C. Loss D. Deficit
What is the increase in the money value of a capital asset is called? A. ProfitB. Capital gain C. Capital expenditure D. Capital stock
What is used when a quick estimate of the doubling time for the invested money is needed ? A. Rule of 48 B. Rule of 36 C. Rule of 24D. Rule of 72
What do you call a one-time credit against taxes ? A. Due creditB. Tax credit C. Credible credit D. Revenue credit
The ratio of the net income before taxes to net sales is called __________________? A. Current ratio B. Inventory turnoverC. Profit margin ratio D. Price-earnings ratio
What is a measure of the average speed with which accounts receivable are collected ? A. Current ratio B. Quick ratio C. Acid test ratioD. Receivable turnover
All are classified under direct labor expenses EXCEPT one. Which one ? A. Inspection cost B. Testing cost C. Assembly costD. Supervision cost
All the proceeds which are received by the business as a result of the sale of goods is called _________________? A. Net incomeB. Gross income C. Net revenue D. Total sales
The original record of a business transaction is recorded in this book_____________? A. Work bookB. Journal C. Ledger D. Account book