MCQGeeks
0 : 0 : 1
CBSE
JEE
NTSE
NEET
English
UK Quiz
Quiz
Driving Test
Practice
Games
Quiz
Commerce
Average Profit Method
Quiz 2
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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
0 h : 0 m : 1 s
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Report Question
×
What's an issue?
Question is wrong
Answer is wrong
Other Reason
Want to elaborate a bit more? (optional)
Support mcqgeeks.com by disabling your adblocker.
×
Please disable the adBlock and continue.
Thank you.
Reload page