Long Quiz Exam Fin2

100 Questions | Total Attempts: 367

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Long Quiz Exam Fin2 - Quiz


Questions and Answers
  • 1. 
    A business enterprises's financial Manager is determining whether to initiate a lock-box arragement that will cost P150,000 semiannual. The daily average collection is P900,000. using a lockbox will reduce mailing and processing time by 3 days.the rate of return is 16%.
  • 2. 
    Consider the following data:   Total Current Asset100,000 Total Liabilities300,000 Total Stockholders Equity400,000 Net Income before Interest and Taxes138,500 Tax Rate 30%
  • 3. 
    The optimum amount of goods to order each time to minimize total inventory cost.
    • A. 

      Wholesale Lockboxes

    • B. 

      Economic Value Added (EVA)

    • C. 

      Economic Order Quantity

    • D. 

      ROP Reorder point

  • 4. 
    This is used for checks received from other business enterprises
    • A. 

      Economic Order Quantity

    • B. 

      Wholesale Lockboxes

    • C. 

      ROP Reorder point

    • D. 

      Economic Value Added (EVA)

  • 5. 
    This is a signal that tells you when to place an order
    • A. 

      Wholesale Lockboxes

    • B. 

      ROP Reorder point

    • C. 

      Economic Value Added (EVA)

    • D. 

      Economic Order Quantity

  • 6. 
    Compute for the  Current Ratio for year  2016
    • A. 

      2.40 Times

    • B. 

      2.60 Times

    • C. 

      2.70 Times

    • D. 

      2.90 Times

  • 7. 
    Compute for the  Current Ratio for year  2015
    • A. 

      2.45 Times

    • B. 

      2.65 Times

    • C. 

      2.55 Times

    • D. 

      2.75 Times

  • 8. 
    Compute for the  Acid Test Ratio for year  2016
    • A. 

      70%

    • B. 

      69%

    • C. 

      68%

    • D. 

      67%

  • 9. 
    Compute for the  Acid Test Ratio for year  2015
    • A. 

      92%

    • B. 

      91%

    • C. 

      90%

    • D. 

      89%

  • 10. 
    Compute for the  Cash Flow Liquidity Ratio for year  2016
    • A. 

      65%

    • B. 

      70%

    • C. 

      75%

    • D. 

      80%

  • 11. 
    Compute for the  Cash Flow Liquidity Ratio for year  2015
    • A. 

      30%

    • B. 

      31%

    • C. 

      32%

    • D. 

      33%

  • 12. 
    Compute for the  Accounts Receivable Turnover for year  2016
    • A. 

      24.90 Times

    • B. 

      24.80 Times

    • C. 

      24.70 Times

    • D. 

      24.60 Times

  • 13. 
    Compute for the  Accounts Receivable Turnover for year  2015
    • A. 

      16.32 Times

    • B. 

      17.32 Times

    • C. 

      18.32 Times

    • D. 

      19.32 Times

  • 14. 
    Compute for the  Average Collections Period for year  2016
    • A. 

      12 Days

    • B. 

      13 Days

    • C. 

      14 Days

    • D. 

      15 Days

  • 15. 
    Compute for the  Average Collections Period for year  2015
    • A. 

      20 Days

    • B. 

      19 Days

    • C. 

      18 Days

    • D. 

      17 Days

  • 16. 
    Compute for the  Inventory Turnover for year  2016
    • A. 

      3.09 Times

    • B. 

      2.59 Times

    • C. 

      2.09 Times

    • D. 

      3.59 Times

  • 17. 
    Compute for the  Inventory Turnover for year  2015
    • A. 

      1.5 Times

    • B. 

      2 Times

    • C. 

      2.5 Times

    • D. 

      3.0 Times

  • 18. 
    Compute for the  Average Sale Period for year  2016
    • A. 

      116 Days

    • B. 

      117 Days

    • C. 

      118 Days

    • D. 

      119 Days

  • 19. 
    Compute for the  Average Sale Period for year  2015
    • A. 

      146 Days

    • B. 

      145 Days

    • C. 

      144 Days

    • D. 

      143 Days

  • 20. 
    Compute for the  Fixed Asset Turnover for year  2016
    • A. 

      8.97 Times

    • B. 

      8.95 Times

    • C. 

      8.93 Times

    • D. 

      8.91 Times

  • 21. 
    Compute for the  Fixed Asset Turnover for year  2015
    • A. 

      8.36 Times

    • B. 

      8.26 Times

    • C. 

      8.16 Times

    • D. 

      8.06 Times

  • 22. 
    Compute for the  Total Asset Turnover for year  2016
    • A. 

      2.52 Times

    • B. 

      2.72 Times

    • C. 

      2.92 Times

    • D. 

      3.02 Times

  • 23. 
    Compute for the  Total Asset Turnover for year  2015
    • A. 

      1.92 times

    • B. 

      2.02 Times

    • C. 

      2.12 Times

    • D. 

      2.22 Times

  • 24. 
    Compute for the  Debt Ratio for year  2016
    • A. 

      51.5%

    • B. 

      51.6%

    • C. 

      51.7%

    • D. 

      51.8%

  • 25. 
    Compute for the  Debt Ratio for year  2015
    • A. 

      50.00%

    • B. 

      50.10%

    • C. 

      50.20%

    • D. 

      50.30%

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