Users of accounting information are Owners Lenders Customers All of the above

Prime cost means Direct materials Direct materials and direct labor Direct labor Direct materials, direct labor and direct expense

Management is a  Science Arts Commerce Both Science and Arts

Bad Debts are actually a type of Asset Income Liability Loss

If variable cost is 650% and Fixed cost is Rs.40,000 then BEP sale is Rs.10,000 Rs.66,667 None of these Rs.1,00,000

Which method of capital budgeting focuses on liquidity of a project? Accounting Rate of Return Net Present Value Profitability Index Pay Back Period

Which of the following techniques does not take into account the time value of money? Internal rate of return method Discounted cash payback method Net present value method ARR

The current worth of a sum of money to be received at a future date is called: real value future value present value salvage value

At breakeven point Total Sales = Total Contributions Total Sales = Total Variable Cost Total Sales = Total Fixed Cost Total Sales = Total Cost

Cost of equipment: Rs.25,000; Useful life of equipment: 5 years; Tax rate: 30%. If equipment is depreciated using straight line method, what is the depreciation tax shield associated with the new equipment? Rs.5,000 2,000 Rs.1,500 Rs.7,500

Total Sales – BEP sales =  Profit Contribution Margin of safety Loss

If production increases variable cost will remain unchanged Increase on a per-unit base vary inversely Remain constant

Which of the following is an example of long term finance? Call Money Notice Money Bonds Mezzanine Finance

Which of the following is an example of Short term finance? Shares All of these Bank overdraft Debenture

IDBI refers to  The Industrial Development Bank of India The Indian District Bank of India The Indian Development Bank of India The Industrial District Bank of India

Which of the following provide ownership capital? Bond Bank overdraft Equity Shares Debenture