Accounting MCQs

1590 MCQs  (Page 90 of 159)

Attempt Accounting MCQs Quiz
If the target net income is $9600 and the tax rate is 40%, then the target operating income would be ___________?
A. $10,000
B. $12,000
C. $16,000
D. $14,000
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In monetary terms, an expected value of the outcome is classified as __________?
A. Expected value
B. Expected decision value
C. Expected outcome value
D. Expected monetary value
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In accounting, the possibility of deviation of actual amount from an expected amount is classified as ___________?
A. Contribution
B. Certainty
C. Uncertainty
D. Margin
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The quantity or number of units of different products that together make up total sales of the company is called _____________?
A. Sales mix
B. Product mix
C. Unit mix
D. Quantity mix
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If the gross margin is $6000 and the total revenue is $26000, then the gross margin percentage will be _____________?
A. 23.08%
B. 24.08%
C. 25.08%
D. 26.08%
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If the contribution margin of bundle is $4000 and the revenue of the bundle is $16000, then the contribution margin percentage for bundle will be _____________?
A. 10%
B. 15%
C. 25%
D. 35%
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In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?
A. Sales margin
B. Cost margin
C. Gross margin
D. Income margin
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The revenue is $11000 and all the variable cost is $6000, then the contribution margin would be ____________?
A. −$17000
B. $17,000
C. $5,000
D. −$5000
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The target operating income is multiplied to tax rate and then subtracted from target operating income to calculate _____________?
A. Target net cost
B. Target net income
C. Target net gain
D. Target net loss
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The fixed cost, and the contribution margin percentage for the bundle are divided to calculate _____________?
A. Breakeven costs
B. Breakeven revenues
C. Breakeven units
D. Breakeven sales
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Word of the Day
18 Jul
Proactive
(of a person or action) creating or controlling a situation rather than just responding to it after it has happened.
فعال، پیش قدمی کے ذریعے صورتحال پر قابو پانیوالا

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