#1
What is the formula to calculate simple interest?
P × r × t
P / r × t
(P × r × t) / 100
(P / r × t) / 100
#2
What does ROI stand for in finance?
Return on Investment
Rate of Interest
Return of Income
Risk of Investment
#3
What does GAAP stand for in accounting?
Generally Accepted Accounting Principles
Generally Associated Accounting Procedures
Generally Adopted Accounting Practices
Generally Acknowledged Accounting Protocols
#4
Which financial statement reports a company's revenues and expenses over a specific period?
Balance Sheet
Income Statement
Statement of Cash Flows
Statement of Retained Earnings
#5
What is the accounting equation?
Assets = Liabilities + Equity
Assets + Liabilities = Equity
Equity = Assets - Liabilities
Liabilities = Assets - Equity
#6
What does EPS stand for in finance?
Earnings Per Share
Economic Profit and Share
Earnings and Profit Share
Equity and Profit Share
#7
Which accounting principle states that revenue should be recognized when it is earned, regardless of when the cash is received?
Matching Principle
Revenue Recognition Principle
Conservatism Principle
Materiality Principle
#8
What is the formula to calculate compound interest?
P × (1 + r)^t
P / (1 + r)^t
P × (1 + r/100)^t
P / (1 + r/100)^t
#9
What is the formula to calculate return on investment (ROI)?
(Net Profit / Cost of Investment) × 100
(Net Profit / Revenue) × 100
(Net Profit / Total Assets) × 100
(Net Profit / Equity) × 100
#10
What does FIFO stand for in accounting?
First-In, First-Out
First-In, Last-Out
Last-In, First-Out
Last-In, Last-Out
#11
Which financial ratio measures a company's ability to pay its short-term debts?
Return on Equity (ROE)
Debt-to-Equity Ratio
Current Ratio
Price-Earnings Ratio (P/E Ratio)
#12
What is the formula to calculate the present value of a future cash flow?
FV / (1 + r)^n
FV × (1 + r)^n
FV / (1 - r)^n
FV × (1 - r)^n
#13
Which financial statement shows a company's financial position at a specific point in time?
Income Statement
Statement of Cash Flows
Balance Sheet
Statement of Retained Earnings
#14
Which financial ratio measures a company's efficiency in using its assets to generate revenue?
Return on Assets (ROA)
Gross Profit Margin
Debt-to-Equity Ratio
Current Ratio
#15
What is the formula to calculate the net present value (NPV) of cash flows?
Σ(CF / (1 + r)^n)
Σ(CF × (1 + r)^n)
Σ(CF / (1 - r)^n)
Σ(CF × (1 - r)^n)