1944. Material is issued by store keeper against ________.
material requisition
material order
goods received note
purchase requisition
✅ The correct answer is A.
1946. What best explains a shift in market supply curve to the right?
An advertising campaign is successful in promoting the good
A new technique makes it cheaper to produce the good
The government introduces a tax on the good
The price of raw materials increases
✅ The correct answer is B.
A new technique makes it cheaper to produce the good best explains a shift in market supply curve to the right. A rightward shift in the supply curve, say from a new production technology, leads to a lower equilibrium price and a greater quantity.
A new technique makes it cheaper to produce the good best explains a shift in market supply curve to the right. A rightward shift in the supply curve, say from a new production technology, leads to a lower equilibrium price and a greater quantity.
1947. Material control involves ________.
consumption of material
issue of material
purchase of material
purchase, storage and issue of material
✅ The correct answer is D.
Material control involves purchase, storage and issue of material. Materials control is the systematic control over the materials at all its stages procurement, storage and usage so as to help in maintaining regular and uninterrupted flow of the materials in the production pipeline.
Material control involves purchase, storage and issue of material. Materials control is the systematic control over the materials at all its stages procurement, storage and usage so as to help in maintaining regular and uninterrupted flow of the materials in the production pipeline.
1948. Direct manufacturing labour costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be
$47,000
$33,000
$57,000
$18,000
✅ The correct answer is A.
Conversion cost = Direct manufacturing labour costs + Manufacturing overhead cost
= $40000 + $7000 = $47,000
Conversion cost = Direct manufacturing labour costs + Manufacturing overhead cost
= $40000 + $7000 = $47,000
1950. In perfect competition, in the long run, there will be
Normal profits
Super normal profits
Less production
Cost will be falling
✅ The correct answer is A.
In perfect competition, in the long run, there will be Normal profits. Perfect Competition Long Run equilibrium results in all firms receiving normal profits or zero economic profits.
In perfect competition, in the long run, there will be Normal profits. Perfect Competition Long Run equilibrium results in all firms receiving normal profits or zero economic profits.
1951. Which of the following reports would reflect on the lifestyle and habits of a proposer?
Agents confidential reports
Moral hazard report
Both A & B
None of the above
✅ The correct answer is C.
Agents confidential reports and moral hazard report would reflect on the lifestyle and habits of a proposer.
Agents confidential reports and moral hazard report would reflect on the lifestyle and habits of a proposer.
1952. Cost of capital is equal to required return rate on equity in case if investors are only
valuation manager
common stockholders
asset seller
equity dealer
✅ The correct answer is B.
Cost of capital is equal to required return rate on equity in case if investors are only common stockholders. Cost of capital refers to the opportunity cost of making a specific investment. It is the rate of return that could have been earned by putting the same money into a different investment with equal risk.
Cost of capital is equal to required return rate on equity in case if investors are only common stockholders. Cost of capital refers to the opportunity cost of making a specific investment. It is the rate of return that could have been earned by putting the same money into a different investment with equal risk.
186. Opening and closing inventories are recorded in
Journal proper
Purchase book
Sales book
Bill receivable book
✅ The correct answer is A.
Opening and closing inventories are recorded in Journal proper.
Opening and closing inventories are recorded in Journal proper.
1955. Portfolio weights are found by_________________.
dividing standard deviation by expected value
calculating the percentage each asset is to the total portfolio value
calculating the return of each asset to total portfolio return
dividing expected value by the standard deviation
✅ The correct answer is B.
Portfolio weights are found by calculating the percentage each asset is to the total portfolio value. A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds.
Portfolio weights are found by calculating the percentage each asset is to the total portfolio value. A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds.
1957. In adjustment issues of costing, database must contain reliable measure of
fixed cost driver
cost driver and cost
cost driver and object
mixed cost driver
✅ The correct answer is B.
In adjustment issues of costing, database must contain reliable measure of cost driver and cost. A cost driver is the unit of an activity that causes the change in activity’s cost.
In adjustment issues of costing, database must contain reliable measure of cost driver and cost. A cost driver is the unit of an activity that causes the change in activity’s cost.