Financial and Management Accounting - Financial and Management Accounting MCQ

16:

Consider the following information

1. Gross sales Rs. 20,00,000

2. Sales tax 7% on gross sales

3. Income tax 40%

4. Profit before tax 400,000

What is net profit before tax ratio?

A.	21.5%
B.	22.5%
C.	23.5%
D.	24.5%
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. namrata deshpande said: (2:26am on Tuesday 24th October 2017) 400000/(2000000-(20000007/100))100 Write your comments here: Updating your Comments.. Updating your Comments..

17:

ZBB stands for?

A.	Zero Base Budgeting
B.	Zero Basel Budgeting
C.	Zero Bond Budget
D.	None of the above
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

18:

The stock turnover ratio is ____

A.	Financial ratio
B.	Activity ratio
C.	Solvency ratio
D.	Profitability ratio
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

19:

AS-19 deals with

A.	Borrowing Costs
B.	Earning Per share
C.	Leases
D.	Segment Reporting
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

20:

The return on investment (ROI) may be calculated as

A.	Net profit before interest, tax and dividend / Capital employed
B.	Net profit after interest, tax and dividend / Shareholder's fund
C.	( Net profit - preference dividend )/ No. of equity shares
D.	Return on Investment / Net profit ratio
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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