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1
What type of bond is issued jointly by two or more corporations?
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Answer: Option B
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2
A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. There will be 400 soldered connections. The cost of soldering a connection on the enameled wire will be P 1.65 on the tinned wire, it will be P 1.15. A 100- pair cable made up with enameled wire cost P 0.55 per linear foot and those made up of tinned wire cost P 0.75 per linear foot. Determine the length of cable run in feet so that the cost of each installation would be the same.
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Answer: Option A
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3
By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly?
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Answer: Option C
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4
What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?
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Answer: Option D
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5
In year zero, you invest P 10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much in terms of year zero pesos will be in the account at maturity?
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Answer: Option A
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6
What is the basic accounting equation?
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Answer: Option A
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7
What is a secondary book of accounts, the information of which is obtained from the journal is called?
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Answer: Option B
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8
A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan?
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Answer: Option D
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9
What is a government bond which has an indefinite life rather than a specific maturity?
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Answer: Option D
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10
Earnings per share is the most important ratio for
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Answer: Option D
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