Related Questions

In a recent year, Windsor's Boat's reported an asset turnover ratio of 2.46 times and a profit margin of 19.8% . In the same year, Sarah's Sail Boats reported an asset turnover ratio of 1.27 times and a profit margin of 9.9% . Which of the following statements is false ?
A Sarah's did a better job of turning over its assets
B Windsor's did a better job of generating profit from its sales
C Windsor's return on assets (ROA) is 48.7% while Sarah's return on assets is 12.6%
D None of the other answers is false
The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as
A Appreciation
B Depreciation
C Fluctuation
D None of the above
Nafiz inherited 30% of his father's asset . After paying a tax of 20% of his inheritance, what percent of hos father's asset does Nafiz own now?
A 24%
B 25%
C 26%
D 27%
An asset must be ________ by the business to be shown as an asset in its balance sheet.
A Possessed
B Owned
C Controlled
D Used
Data items in the fixed asset record of a newly purchased asset that a well-designed application program could obtain automatically include
A estimated disposal data
B source
C first cost
D All of the above
E None of the above
What is the antonym of 'Asset'?
A Success
B Liability
C Debotor
D Poverty
A company owns some land and buildings for which the following details are relevant : Cost of land Taka 50,000; cost of building Taka 100,000, estimated life of building 20 years, estimated residual value of building Taka 2000; estimated residual value of land Taka 50,000. The company uses the straight line depreciation method. Which is the correct annual depreciation charge for this asset?
A Taka 4000
B Taka 4900
C Taka 7400
D Taka 7500
Which one of the following is a Intangible Asset?
A Copyright
B Cash
C Inventory
D Securities
Which one of the following could be described as an ' off balance sheet asset' ?
A Purchased goodwill
B Internally generated goodwill
C An asset being bought on hire purchase
D Leasehold land
Which one of the following could be described as an 'off balance sheet asset ?
A Purchased goodwill
B Internally generated good will
C As asset being bought on hire purchase
D Leasehold land

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