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MCQs: Which of the following statements are true about management audit?
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MCQs: The responsibility centers, for control purposes, may be classified into _____ types.
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MCQs: When it comes to accounting ratios in reporting, they should be
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MCQs: Which of the following are tools of management accounting?
A) Decision accounting
B) Standard costing
C) Budgetary control
D) Human Resources Accounting
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MCQs: State which of them are true?
A) When ratios of previous years are compared with current years, they are called trend ratios.
B) Trend percentages and trend ratios are used in static analysis.
C) Reliability of financial analysis depends upon the reliability of financial data.
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MCQs: Comparison of financial statements highlights the trend of the _________ of the business.
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MCQs: Capital market line is:
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MCQs: CAPM accounts for:
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MCQs: Net Profit ratio is calculated by
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MCQs: If sales is Rs 5,00,000 and net profit is Rs 1,20,000 Net Profit ratio is
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MCQs: If sales is Rs 10,00,000, sales returns is Rs 50,000, Profit Before Tax is Rs 2,00,000, Income tax is 40%, Net profit ratio is
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MCQs: Funds Flow Statement is prepared on the basis of data of P&L statement and two consecutive balance sheets.
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MCQs: Which of the following rules stands true while preparation of Schedule of changes in working capital?
A) An increase in current assets increases working capital.
B) An increase in current assets decreases working capital.
C) An increase in current liabilities decreases working capital.
D) An increase in current liabilities increases working capital.
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MCQs: For the calculation of cash flow from operating activities, payments and receipts shown in Profit & Loss account are converted into payments and receipts actually in cash by eliminating
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MCQs: While preparing Cash Flow Statement, non-cash items and non-operating items are not required to be adjusted under________
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MCQs: Cash flow from sales is calculated by
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MCQs: Under High and Low Point method, the output at two different levels is compared with the amount of __________ incurred at these two points.
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MCQs: Given Maximum value of production and minimum value of production is 10,000 and 5000 units respectively. Maximum total cost is Rs 25,000 and minimum total cost is Rs 15,000. Determine total fixed cost and per unit marginal cost.
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MCQs: Under method of least squares, a linear equation is developed in the form of ______ wherein Y is total cost, a = fixed cost, b = marginal cost and X is output.
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MCQs: Product X is manufactured By ABC company, The sales is Rs 50,000 Direct Materials is Rs 20,000, Direct Labour is Rs 10,000, Variable overheads is Rs 5,000 and Fixed overheads is Rs 10,000. ABC Company now intends to introduce a new product Y so that sales may be increased by Rs 10,000. There will be no rise in fixed costs and the estimated variable costs of Product Y are Labour Rs 2,200 Materials Rs 4,800 Overheads Rs 1,400. If the company introduces Product Y, what will be the impact?
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