Q.1
Super profit is equal to Average Profit less..................
  • Normal Profits
  • T otal profits/N o.of years
  • Capital employed *normal rate of return
  • Super profit *no.of years of purchase
Q.2
If the NRR isand Super profit is 20,calculate the goodwill as per capitalisation of super profits.
  • 20,00,000
  • 2,00,000
  • 20,000
  • 2,000
Q.3
While calculating goodwill, weighted average method should be followed when _______
  • profits are uneven
  • profits are with increasing trend
  • profits are with decreasing trend
  • Either "b" or "c"
Q.4
The present value of the firm’s anticipated excess earnings is
  • capital
  • Goodwill
  • FMP
  • super profits
Q.5
In case of partnership firms, goodwill is valued at time of
  • admission of new partner
  • Retirement or death of partner
  • change in profit sharing ratio
  • all of the above
Q.6
Future maintainable profit – normal profit =
  • Average capital employed
  • Goodwill
  • Super profit
  • Capital employed
Q.7
Average Capital Employed is calculated as
  • Capital employed-1/2 of current year profit
  • Capital employed-1/2 of past year profit
  • Capital employed - 1/2 of Average profits
  • Capital employed - current year profit
Q.8
Goodwill is an
  • Intangible asset
  • Fictitious asset
  • Fixed asset
  • Current asset
Q.9
If profits for the last four years was Rs.46,Rs. 51,Rs.55,and Rs.60,The average profits are
  • Rs.53,225
  • Rs.54,000
  • Rs. 53,910
  • Rs.55,410
Q.10
While calculating capital employed for ascertainment of goodwill, which one of the following is considered?
  • Unrecorded assets and liabilities
  • Goodwill
  • Fictitious assets
  • Investments
Q.11
Formula for goodwill under capitalisation of super profits method____________
  • Super profit/Normal rate of reurn*100
  • FMP/NRR*100
  • SP*100/NRR
  • FMP*100/NRR
Q.12
Interest on investment is_____________ while calculating future maintainable profit.
  • Subtracted
  • Added
  • Multiplied
  • Divided
Q.13
In a set of three numbers, the average of first two numbers isthe average of last two numbers isand the average of the first and the last numbers isWhat is the average of three numbers?
  • 2
  • 2.5
  • 3
  • 3.5
Q.14
Chelsea has played 4 games so far this season and scored on the average 3 goals per game. The average number of goals in the first 3 games was 2 goals per game. How many goals did Chelsea score in the 4th game?
  • 4
  • 5
  • 6
  • 7
Q.15
Jean loves to go bird watching. One day, she saw 7 birds. The next day, she sawbirds. The next day, she saw no birds. What is the average number of birds Jean saw each day?
  • 3
  • 4
  • 5
  • 6
Q.16
Harley read 5 books in January, 8 books in February, 4 books in March, and 7 books in April. What is the average number of books Harley read per month?
  • 3
  • 4
  • 5
  • 6
Q.17
3 friends work part-time at Mc Ronnies and earn $$and $per month respectively. What is their average monthly earnings?
  • 176
  • 225
  • 210
  • 200
Q.18
Peter played an online Pinball game. The first time he got a score of 25,points. He scored 125,points the second time and 30,the third time he played. What was his average score per game?
  • 50,000
  • 60,000
  • 75,000
  • 80,000
Q.19
Jenny readpages on Monday,pages on Tuesday and a couple of pages on Wednesday. On the average, she readpages per day during these 3 days. How many pages did she read on Wednesday?
  • 25
  • 20
  • 30
  • 32
Q.20
Peter has taken 3 math tests so far this semester with an average score ofpoints per test. If he gets a score ofpoints for his next test, what will his new average score be?
  • 93
  • 80
  • 70
  • 90
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