LET MATHEMATICS EXAMINATION

Find the profit of Weng's water refilling busness with nevenue of ₱56,000,000 and comits of ₱42,000,000.

• ₱14,000,000

• ₱140,000

• ₱1,400,000  

• 14,000

Norma's food stall has costs of ₱2,900, Her total food sales are ₱11,600, What percent of her food sales do the Food costs represent

• 20%

• 25%

• 7% 

• 30%

Answer explanation

Marvin needs 250 cookies for a buffet. He will make oatmeal raisin, macaroons, and chocolate chunk cookies. He wants 25% of the cookies to be oatmeal raisin and 15% of the cookies to be macaroons. How many chocolate chunk cookies must Marvin bake?

• 150  

• 125

• 140

• 100

If a shirt is marked down 25%, what will the purchase price be?

• ₱25

• 57% of its original price

• 50% off

• ₱75

A customer places a special order through 480 Fumiture Store. The list price in the manufacturer's catalog is ₱1,600.480 Furniture receives a 35% trade discount. What is the net price for the fumiture order?

• ₱560

• ₱1,535

• ₱1,565

• ₱1,040

Ron's Manufacturing offers discounts on most of its products. What is the trade discount rate on an item with a list price of ₱16. 79 and a net price of ? ₱2.42?

• 22%

• 26%

• 54%

• 74%

What type of financial statement summarizes the information concerning the cash inflows and outflows during a particular perlod?

• balance sheet

• Statement cash flows

• income statement

• statement of retained earning

Closing entries are made:

• so that financial statements can be made

• In order to terminate the business as an operating entity

• in order to transfer net income/lass and owner's drawings to the owner's capital accout

• so that all assets, liabilities, and owner's capital

Suppliers who allows business to receive goods and services before paying for them are known as:

• finance companies

• lessing companies

• trade companies

• trade deptors

Which of the following is example of external finance? 

• Disposal try a business of surplus assets

• Bank luan

• Day to day cash from sales to customers

• Money loaned from trade suppliers through extended credit