AFS Mid Term Set 2

When was the Union Budget 2024 declared?

• February 01,2023

• February 01,2024

• February 05,2024

• March 03,2024

Which of the following is an effect of deflation?

• Increased borrowing costs

• Increased investment

• Increased consumer spending

• Increased profits for businesses

Return on Assets is calculated as

• Net Expense / Avg Total Assets

• Return on asset / Revenue

• Net Income / Avg Total Assets

• Total Assets / Total Revenue

Which of the following is NOT considered a component of EVA?

• Net Operating Profit After Tax (NOPAT)

• Cost of Goods Sold (COGS)

• Total Capital

• Cost of Capital

If you borrow money to purchase a house, what type of loan are you most likely to use?

• Mortgage loan

• Personal loan

• Credit card loan

• Student loan

Which of the following is a current asset?

• Land

• Equipment

• Accounts Receivable

• Buildings

The formula for calculating Gross Profit is

• Revenue minus Cost of Goods Sold

• Revenue minus Operating Expenses

• Revenue minus Selling, General, and Administrative Expenses

• Net Income minus Operating Expenses

Cash Flow Method using Accounting Standard - 3

• Interface Method

• Direct Method

• Static Method

• Indirect Method

Dividend Yield Ratio is calculated as

• DPS/EPS * 100

• DPS/MPS * 100

• EPS/MPS * 100

• MPS/DPS * 100

Net Revenue is calculated as

• Total Revenue - (Returns + Dividends + Allowances)

• Total Revenue - (Reserves + Dividends + Assets)

• Total Revenue - (Returns + Discounts + Allowances)

• Total Revenue - (Reserves + Discounts + Allowances)