Finance: set 1
10 questions. Click an option: a correct answer turns green, a wrong one red, and an explanation appears.
A company's balance sheet shows total assets of 900 mln soum and total liabilities of 550 mln soum. What is its equity?
Retained earnings of the reporting period were allocated to paying dividends to the founders. What journal entry is made?
An LLC has been state-registered. How is the charter capital amount in the founding documents recorded as the founders' debt?
With what journal entry is the portion of a long-term bank loan repayable within 12 months after the reporting date transferred to the current portion?
The balance sheet shows current assets of 300 mln soum and current liabilities of 200 mln soum. What is the current ratio?
11 000 000 soums will be received in one year. The discount rate is 10% per year. What is the present value of this amount today?
20 000 000 soums were placed for 2 years at 10% compound interest per year (interest is added to the amount at the end of each year). What will the total be at the end of 2 years?
10 000 000 soums were placed on deposit for 3 years at 20% simple interest per year (interest is calculated each year only on the initial amount). What will the total be at the end of 3 years?
A wholesale firm's annual revenue is 600 mln soums, and the average balance of receivables is 50 mln soums. How many times do receivables turn over during the year (revenue / average receivables)?
A company's total liabilities are 400 mln soums and its equity is 500 mln soums. What is the debt-to-equity ratio (liabilities / equity)?