ATC + AVC = AFC
ATC + MC = AFC
ATC + AFC = AVC
AFC + AVC = ATC
✅ The correct answer is D.
AFC + AVC = ATC is true.
AFC + AVC = ATC is true.
595. Which is a function of ERP?
Warehousing
sales
scheduling
all of the above
✅ The correct answer is D.
The function of ERP are Warehousing, sales and scheduling.
The function of ERP are Warehousing, sales and scheduling.
51. An asset that is NOT physical in nature is called
Intangible asset
Liquid asset
Current asset
Fixed asset
✅ The correct answer is A.
An asset that is NOT physical in nature is called Intangible asset. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.
An asset that is NOT physical in nature is called Intangible asset. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.
589. What are the 2 distinct phases of a Deferred Annuity?
Waiting & Starting phases
Loading & Unloading phases
Accumulation & Payout phases
Commutation & Continuation phases
✅ The correct answer is C.
Accumulation & Payout phases are the 2 distinct phases of a Deferred Annuity. There are two phases for a deferred annuity: the accumulation or deferral phase in which the customer deposits (or pays premiums) and accumulates money into an account; the distribution or annuitization phase in which the insurance company makes income payments until the death of the annuitants named in the contract.
Accumulation & Payout phases are the 2 distinct phases of a Deferred Annuity. There are two phases for a deferred annuity: the accumulation or deferral phase in which the customer deposits (or pays premiums) and accumulates money into an account; the distribution or annuitization phase in which the insurance company makes income payments until the death of the annuitants named in the contract.
49. Which of the following is the normal balance of an accumulated depreciation account?
Debit balance
Credit balance
Nil balance
Answer: Option B
✅ The correct answer is B.
Credit balance is the normal balance of an accumulated depreciation account. Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset.
Credit balance is the normal balance of an accumulated depreciation account. Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset.
549. Company who sells products to customer without demanding immediate payment but record it in balance sheet as
account payable
account receivable
account equivalent
account investment
✅ The correct answer is B.
Company who sells products to customer without demanding immediate payment but record it in balance sheet as account receivable. Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.
Company who sells products to customer without demanding immediate payment but record it in balance sheet as account receivable. Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.
582. Financial intermediaries exist because small investors cannot efficiently ________.
diversify their portfolios
gather all relevant information
assess credit risk of borrowers
advertise for needed investments
✅ The correct answer is E.
Financial intermediaries exist because small investors cannot efficiently diversify their portfolios, gather all relevant information, assess credit risk of borrowers and advertise for needed investments.
Financial intermediaries exist because small investors cannot efficiently diversify their portfolios, gather all relevant information, assess credit risk of borrowers and advertise for needed investments.
579. In which manner Pre-existing illnesses could be covered?
After illness is cured
Before illness is contracted
After illness is diagnosed
After a Waiting period
✅ The correct answer is D.
After a Waiting period Pre-existing illnesses could be covered. Pre-existing diseases are those that exist at the time of taking a policy and are excluded from the cover during an initial waiting period.
After a Waiting period Pre-existing illnesses could be covered. Pre-existing diseases are those that exist at the time of taking a policy and are excluded from the cover during an initial waiting period.
576. The key item for investors on the income statement is______________.
sales
gross profit
operating expenses
after-tax net income
✅ The correct answer is D.
The key item for investors on the income statement is after-tax net income. Net income after taxes (NIAT) is simply the net income of a business less all taxes. It is the sum of all revenues minus all expenses, including cost of goods sold, depreciation, interest, and taxes.
The key item for investors on the income statement is after-tax net income. Net income after taxes (NIAT) is simply the net income of a business less all taxes. It is the sum of all revenues minus all expenses, including cost of goods sold, depreciation, interest, and taxes.
573. Excess capacity is not found under
Monopoly
Monopolistic competition
Perfect competition
Oligopoly
✅ The correct answer is C.
Excess capacity is not found under Perfect competition. Under perfect competition, each firm produces at the minimum point on its LAC curve and its horizontal demand curve is tangent to it at that point. Its output is ideal and there is no excess capacity in the long-run.
Excess capacity is not found under Perfect competition. Under perfect competition, each firm produces at the minimum point on its LAC curve and its horizontal demand curve is tangent to it at that point. Its output is ideal and there is no excess capacity in the long-run.