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TextsandTestBanksrumlee
l. Produqtlift cycle costingdeterminesthe total cost of a productover its life cycle by dividing costsinto
four (4) groups:
4. The averagestockholdorsequity for Yan Cornpanyfor 2013 was P 2,000,000.Includedin this figure is
P200,000par value of YYoprefened stock, which remainedunchangedduring tlie yeaE.The return on
commonshareholders' equitywas 12.5o/oduringthe 20t3. How muchwasthe net incomeof the company
in2013?
a. P 250,000 c. P 225,A0O
b. P 241,000 d. P 266,000
5' The inpomestatementdf UPD company showstotal interestexpfiseof p 245,600.No new bonds
issued
duringtheyearandnonewereretired.Therfollowinginfrrmationis alsoavailable.
Interestpayable,l/l P 9"900
Interestpayxble, l2/3 | 8,200
Unamortizeddiscounton bondspayable,l/l g0,500
_ Unamortized discounton bondspyable,12/31 74,700
How muchwasthe cashpaidfor interest?
a. P23 8 ,100 c. P 249,700
b. P24t.s0a d . P2 5 3 , t 0 0
,6' UD[,S Corporation'sbudgetedsalesand grossprofit rate for the coming month ale p 2EE,000,000
and
37.5Vo,respectively,.Sftort-termintelest rates are expectedto average"6yo.lf
UDLS
inventoryturnoverfrom its current8"0times pr yearto | 0.00times pei year,what "oufa'i**"*
woutd be its expected
costsavingsin the culrentyear?
a. P 1,080,000 c. P 270,000
b. P 8t0;000 d. P 162.000
7' UEE company has a debt ratio of 0.500a total arsetsturnoverof 0.25,and profit
a marginof | 0Zo. The
presidentis unlrappywith the currenl returnon equi$, and he thinks ii
could L ooubled. This could be
accomplished ( t ) b.yincreasingthe pro{it marginto tio/oand (2) by irrcrcasingdebt
utilization. Total assets
turnoverwill not change' Whatnew debt ratio,alongwith the 146/opront rr*irgin,is roquiredto doublethe
rcturnon equity?
a. 0.75 c. 0.55
b. o.70 d. 0.55