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Management Sciences 5307 MCQs [All-Courses]

Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.

A 0.65

B 0.35

C 1.5

D 5.29

Review Detailed Answer

Correct Answer: 0.65

Capital increases if _________ increases?

A Expenses

B Drawings

C Interest on capital

D Revenue

Review Detailed Answer

Correct Answer: Revenue

Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?

A 5,80,000

B 5,50,000

C 5,00,000

D 5,75,000

Review Detailed Answer

Correct Answer: 5,80,000

Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000

A $6,000

B $10,000

C $5,000

D $1,000

Review Detailed Answer

Correct Answer: $5,000

The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :

A Uncontrollable cost

B Sunk cost

C Avoidable cost

D Opportunity cost

Review Detailed Answer

Correct Answer: Sunk cost

Find out the value of assets if: Liabilities=$5000 and Capital=$1000

A $4,000

B $6,000

C $7,000

D $3,000

Review Detailed Answer

Correct Answer: $6,000

Which of the following bases is not appropriate for apportionment of Transport department‘s cost ?

A Crane hours

B Crane value

C Truck Mileage

D Truck value

Review Detailed Answer

Correct Answer: Crane value

The Basic accounting equation is___________?

A Asset=Expense +Income

B Assets=Cash+Capital

C Assets=Capital+Liabilities

D Assets=Expenses+Capital

Review Detailed Answer

Correct Answer: Assets=Capital+Liabilities

Consider the following data for a company during the month of June 2012 Budgeted hours 4,000 Standard hours for actual production 4,400 Maximum possible hours in the budget period 4,800 Actual hours 3,800 The activity ratio of the company during the month is

A 111%

B 120%

C 95%

D 117%

Review Detailed Answer

Correct Answer: 111%

Which of the following is the closing balance of a ledger account?

A Balance c/d

B Balance b/d

C Balance e/d

D Balance f/c

Review Detailed Answer

Correct Answer: Balance c/d

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.

Capital increases if _________ increases?

Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000

The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :

Find out the value of assets if: Liabilities=$5000 and Capital=$1000

Which of the following bases is not appropriate for apportionment of Transport department‘s cost ?

The Basic accounting equation is___________?

Consider the following data for a company during the month of June 2012 Budgeted hours 4,000 Standard hours for actual production 4,400 Maximum possible hours in the budget period 4,800 Actual hours 3,800 The activity ratio of the company during the month is

Which of the following is the closing balance of a ledger account?