Related Questions

Last year, ABC PLC. earned a gross profit margin of 30% on Tk 2,00,000 sales. The company received Tk 2,000 interest income on investment, paid Tk 1,000 interest on long term bond, repaid a short term loan of Tk 20,000 and incurred Tk 31,000 operating expense. If the corporate tax rate was 25% then what was the net income of this company?
A Tk 2,500
B Tk 5,000
C Tk 7,500
D Tk 8,000
E None of these
A borrower pays 18% interest per year on the first Tk. 600 he borrows and 17% per year on the part of the loan in excess of Tk. 6000. How much interests will the borrower pay on a loan of Tk. 6000 for one year?
A 926
B 1020
C 1026
D 1080
Read both the statements and then mark your answer.Statement I: The government has recently fixed the fees for professional courses offered by the unaided institutions which are much lower than the fees charged last year.Statement II: The parents of the aspiring students launched a severe agitation last year protesting against the high fees charged by the unaided institutions.
A Statement I is the cause and Statement II is its effect
B Statement II is the cause and Statement I is its effect
C Both the Statement I and II are independent cause
D Both the Statement I and II are independent are effect of some common cause
Accounting entry of institutions who lends federal funds to other institutions is as
A liability on balance sheet
B assets on balance sheet
C income in income statement
D expense on income statement
What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?
A Effective rate of interest
B Nominal rate of interest
C Compound interest
D Simple interest
The interest charged on a loan is Tk. p per Tk. 1,000 for the first month and Tk. q per Tk. 1,000 for each month after the first month. How much interest will be charged during the first three months on a loan of Tk. 10,000?
A 30p
B 30q
C 20p+10q
D 10p+20q
The interest charged on a loan is Tk. p per Tk. 1000 for the first month and Tk. q for the Tk. 1000 for each month after first month.How much interest will be charged during the first three months of a loan of Tk. 10000?
A 10p+20q
B p+2q
C 20p+10q
D 30q
'Hard Loan' refers to a loan that-
A is very difficult to obtain
B incurs an exorbitant rate of interest
C requires repayment in currency of strong economy
D cannot be repaid in installments
Reena took a loan of Tk. 1200 with simple interest for as many years as the rate of interest. If she paid Tk. 432 as interest at the end of the loan period, what was the rate of interest?
A 3.6
B 6
C 18
D None of these
The interest charged on a loan is p dollars per $1,000 for the first month and q dollars per $1,000 for each month after the first month. How much interest will be charged during the first three months on a loan of $10,000?
A 10p+20q
B 30q
C 30p
D 20p+10q

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