When supply curve starts from origin, E8 is ________________
Anonymous Quiz
36%
equals to one
40%
greater than one
16%
Less than one
8%
None of the above
When price of a commodity rises by 20% and the quantity supplied decreased by 30%, what is the price elasticity of supply?
Anonymous Quiz
24%
1.20
45%
1.5
23%
0.5
8%
2.5
the unit of correlation between height in feet and weight in kgs is
Anonymous Quiz
45%
kg/ feet
30%
percentage
24%
non- existent
of the following three measures, which can measure any type of relationship
Anonymous Quiz
54%
Karl Pearson's coefficient of correlation
26%
Spearman's rank correlation
21%
Scatter Diagram
Simple Arithmetic Mean is also called a ----------------------
Anonymous Quiz
37%
Weighted Mean
18%
Unweighted Mean
28%
Relative Mean
18%
None of the above
Equity share capital is also known as
Anonymous Quiz
14%
Risk Capital
28%
Ownership Capital
25%
Owner's Fund
33%
All of the above
The working capital requirements of the business relate to
Anonymous Quiz
21%
level of stock of raw material
15%
Amount of bills receivable
12%
Quantum of Current Assets
51%
All of the above
In Purchase book total of page no. 15 was carried forward to page no. 16 as Rs 1,52,000 instead of Rs 1,25,000 and total of page no. 20 was carried forward to page no. 21 as Rs 2,16,000 instead of Rs 2,61,000. The rectifying entry will be:
a) Purchases A/c Dr 75,000
To Suspense A/c 75,000
b) Purchases A/c Dr 18,000
To Suspense A/c 18,000
c) Suspense A/c Dr 75,000
To Purchases A/c 75,000
d) Suspense A/c Dr 18,000
To Purchases A/c 18,000
a) Purchases A/c Dr 75,000
To Suspense A/c 75,000
b) Purchases A/c Dr 18,000
To Suspense A/c 18,000
c) Suspense A/c Dr 75,000
To Purchases A/c 75,000
d) Suspense A/c Dr 18,000
To Purchases A/c 18,000
Calculate the gross profit if rate of gross profit is 25% on sales and cost of goods sold are Rs 1,80,000.
Anonymous Quiz
22%
a) Rs 60,000
26%
b) Rs 36,000
47%
c) Rs 45,000
5%
d) Rs 30,000
Coefficient of correlation lies always between
Anonymous Quiz
36%
0 and +1
19%
-1 and 0
37%
-1 and +1
7%
None of these
When average product decreases, the marginal product is always:
Anonymous Quiz
31%
greater than average product
29%
less than average product
22%
increasing
18%
decreasing
Question of the Day:)
Assertion (A): In a Common-Size Statement, figures of previous year are taken as base for comparison.
Reason (R): Common-Size Statements enable horizontal analysis.
In the context of the above two statements, which of the following is correct?
Codes:
(a) A and R both are correct and R correctly explains A
(b) Both A and R are correct but R does not explain A
(c) Both A and R are incorrect
(d) A is correct but R is incorrect
Assertion (A): In a Common-Size Statement, figures of previous year are taken as base for comparison.
Reason (R): Common-Size Statements enable horizontal analysis.
In the context of the above two statements, which of the following is correct?
Codes:
(a) A and R both are correct and R correctly explains A
(b) Both A and R are correct but R does not explain A
(c) Both A and R are incorrect
(d) A is correct but R is incorrect
If a firm production department data says that the TVC for producing 8 units and 10 units of output is Rs. 2,500 and Rs. 3,000 respectively, marginal cost of 10th unit will be:
Anonymous Quiz
18%
Rs. 100
25%
Rs. 150
36%
Rs. 500
21%
Rs. 250
Question of the Day:) A dentist was charging Rs. 300 for a standard cleaning job and it used to generate total revenue equal to Rs. 30,000 per month. She has, since last month, increased the price of dental cleaning to Rs. 350. As a result, fewer customers are now coming for dental cleaning, but the total revenue is now Rs. 33,250. From this, what can we conclude about the elasticity of demand for her dental service.