Commerce & Accountancy

Download Q&A
Q. If a company has a trial balance that shows total debits of $50,000 and total credits of $48,000, what is the discrepancy?
  • A. $1,000 debit error
  • B. $2,000 credit error
  • C. $2,000 debit error
  • D. $1,000 credit error
Q. If a company has a trial balance with total debits of $15,000 and total credits of $12,000, what is the amount of the discrepancy?
  • A. $3,000
  • B. $1,500
  • C. $2,000
  • D. $5,000
Q. If a company has a trial balance with total debits of $50,000 and total credits of $48,000, what is the discrepancy?
  • A. $1,000 debit
  • B. $2,000 credit
  • C. $2,000 debit
  • D. $1,000 credit
Q. If a company has a trial balance with total debits of $50,000 and total credits of $50,000, what can be concluded?
  • A. The accounts are balanced
  • B. There is an error
  • C. Debits exceed credits
  • D. Credits exceed debits
Q. If a company has a trial balance with total debits of $50,000 and total credits of $48,000, what does this indicate?
  • A. The accounts are balanced
  • B. There is an error in the accounts
  • C. The company is profitable
  • D. The company has a cash surplus
Q. If a company has current assets of $150,000 and current liabilities of $75,000, what is its current ratio?
  • A. 2:1
  • B. 1:2
  • C. 1:1
  • D. 3:1
Q. If a company has fixed costs of $10,000 and a contribution margin per unit of $50, how many units must be sold to break even?
  • A. 100 units
  • B. 200 units
  • C. 150 units
  • D. 250 units
Q. If a company has fixed costs of $5,000 and variable costs of $15 per unit, what is the total cost for producing 200 units?
  • A. $5,000
  • B. $10,000
  • C. $10,500
  • D. $8,000
Q. If a company has fixed costs of $5,000 and variable costs of $15 per unit, what is the marginal cost per unit?
  • A. $5
  • B. $15
  • C. $20
  • D. $25
Q. If a company has fixed costs of $50,000 and a contribution margin of $20 per unit, how many units must it sell to break even?
  • A. 1,000 units
  • B. 2,500 units
  • C. 5,000 units
  • D. 10,000 units
Q. If a company has fixed costs of $60,000 and a contribution margin ratio of 40%, what is the sales required to break even?
  • A. $150,000
  • B. $100,000
  • C. $75,000
  • D. $200,000
Q. If a company has total assets of $1,000,000 and total liabilities of $600,000, what is the owner's equity?
  • A. $400,000
  • B. $600,000
  • C. $1,000,000
  • D. $200,000
Q. If a company has total costs of $200,000 and sells 4,000 units, what is the average cost per unit?
  • A. $50
  • B. $40
  • C. $60
  • D. $30
Q. If a company has total sales of $500,000 and the total market sales are $2,000,000, what is its market share?
  • A. 25%
  • B. 50%
  • C. 75%
  • D. 10%
Q. If a company has total sales of $500,000 and total expenses of $400,000, what is the profit margin?
  • A. 10%
  • B. 20%
  • C. 25%
  • D. 30%
Q. If a company has variable costs of $5 per unit and fixed costs of $2,000, what is the total cost for producing 500 units?
  • A. $2,500
  • B. $4,000
  • C. $5,000
  • D. $3,000
Q. If a company produces 1,000 units at a total cost of $15,000, what is the average cost per unit?
  • A. $10
  • B. $15
  • C. $20
  • D. $25
Q. If a company produces 200 units and incurs total variable costs of $4,000, what is the variable cost per unit?
  • A. $15
  • B. $20
  • C. $25
  • D. $30
Q. If a company purchased a building for $200,000 and expects it to last 20 years with a salvage value of $20,000, what is the annual straight-line depreciation?
  • A. $9,000
  • B. $10,000
  • C. $8,500
  • D. $11,000
Q. If a company sells 1,000 units at $20 each and has variable costs of $12 per unit, what is the contribution margin?
  • A. $8,000
  • B. $12,000
  • C. $20,000
  • D. $8
Q. If a company sells 1,000 units at $50 each and has variable costs of $30 per unit, what is the total contribution?
  • A. $20,000
  • B. $30,000
  • C. $50,000
  • D. $10,000
Q. If a company sells 1,000 units at a selling price of $25 per unit and variable costs of $15 per unit, what is the total contribution?
  • A. $10,000
  • B. $5,000
  • C. $15,000
  • D. $25,000
Q. If a company sells 1,000 units at a selling price of $50 each and has variable costs of $30 per unit, what is the total contribution?
  • A. $20,000
  • B. $30,000
  • C. $50,000
  • D. $10,000
Q. If a company sells 150 units of inventory using LIFO, with the most recent purchases at $10, $12, and $15, what is the total cost of goods sold?
  • A. $1,800
  • B. $1,650
  • C. $1,500
  • D. $1,200
Q. If a company sells 3,000 units at a selling price of $20 per unit and incurs total variable costs of $30,000, what is the total contribution?
  • A. $30,000
  • B. $60,000
  • C. $90,000
  • D. $20,000
Q. If a company sells 500 units at a selling price of $100 and has variable costs of $60 per unit, what is the total contribution?
  • A. $20,000
  • B. $25,000
  • C. $30,000
  • D. $35,000
Q. If a company sells 500 units at a selling price of $15 each and incurs variable costs of $6 per unit, what is the total contribution?
  • A. $4,500
  • B. $3,000
  • C. $7,500
  • D. $2,250
Q. If a company sells 500 units of a product at a price of $20 each, what is the total revenue?
  • A. $10,000
  • B. $5,000
  • C. $15,000
  • D. $20,000
Q. If a company sells a product for $150 and the cost price is $100, what is the profit percentage?
  • A. 25%
  • B. 50%
  • C. 33.33%
  • D. 20%
Q. If a company sells a product for $50 and has variable costs of $30, what is the break-even point in units if fixed costs are $20,000?
  • A. 1,000
  • B. 800
  • C. 600
  • D. 400
Showing 211 to 240 of 1639 (55 Pages)
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely