8,000 units
8,333 units
10,000 units
10,909 units
✅ The correct answer is D.
Administrator
3224. Which of the following statements is incorrect?
Insurance agent should indicate the scale of commission if asked by the customer
Insurance agent should share the commission by way of rebate
Insurance agent should disclose his licence on demand
Insurance agent should indicate the premium to be charged
✅ The correct answer is B.
All the options are correct, except option 3. Sharing commission with a client is illegal.
All the options are correct, except option 3. Sharing commission with a client is illegal.
3229. All labour is
Homogeneous
Heterogeneous
Lazy
Intelligent
✅ The correct answer is B.
All labour is Heterogeneous.
All labour is Heterogeneous.
307. No journal entry is required to be passed when there is
Loss by theft
Normal loss
Loss of bad debts
Abnormal loss of business
✅ The correct answer is B.
No journal entry is required to be passed when there is Normal loss. Normal loss increases the cost of production of the usable goods realized.
No journal entry is required to be passed when there is Normal loss. Normal loss increases the cost of production of the usable goods realized.
308. A cash deposit made by business appears on the bank statement as ____ balance
Debit
Credit
Expenses
Liability
✅ The correct answer is B.
A cash deposit made by business appears on the bank statement as Credit balance.
A cash deposit made by business appears on the bank statement as Credit balance.
3230. Cost which remains unchanged, in proportion to level total volume of production is classified as
total cost
infeasible cost
fixed cost
variable cost
✅ The correct answer is C.
Cost which remains unchanged, in proportion to level total volume of production is classified as fixed cost. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.
Cost which remains unchanged, in proportion to level total volume of production is classified as fixed cost. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.
306. Which of the following is/are kind of depreciation expenses?
Amortization
Depletion
Both of them
None of the above
✅ The correct answer is C.
Amortization and Depletion are kind of depreciation expenses. Depreciation, depletion, and amortization (DD&A) are accounting techniques that enable companies to gradually expense resources of economic value.
Amortization and Depletion are kind of depreciation expenses. Depreciation, depletion, and amortization (DD&A) are accounting techniques that enable companies to gradually expense resources of economic value.
3199. An earning before interest, taxes, depreciation and amortization are calculated by
subtracting operating cost from net sales
subtracting net sales from operating costs
adding operating cost and net sales
adding interest and taxes
✅ The correct answer is A.
An earning before interest, taxes, depreciation and amortization are calculated by subtracting operating cost from net sales. Earnings before interest and taxes is a measure of a firm’s profit that includes all incomes and expenses except interest expenses and income tax expenses.
An earning before interest, taxes, depreciation and amortization are calculated by subtracting operating cost from net sales. Earnings before interest and taxes is a measure of a firm’s profit that includes all incomes and expenses except interest expenses and income tax expenses.
3203. If retention rate is 0.68 then payout rate will be
1.47
1.68
0.32
0.68
✅ The correct answer is C.
3205. According to capital asset pricing model assumptions, quantities of all assets are
given and fixed
not given and fixed
not given and variable
given and variable
✅ The correct answer is A.
According to capital asset pricing model assumptions, quantities of all assets are given and fixed. The Capital Asset Pricing Model (CAPM) measures the risk of a security in relation to the portfolio. It considers the required rate of return of a security in the light of its contribution to total portfolio risk.
According to capital asset pricing model assumptions, quantities of all assets are given and fixed. The Capital Asset Pricing Model (CAPM) measures the risk of a security in relation to the portfolio. It considers the required rate of return of a security in the light of its contribution to total portfolio risk.