• Cyberian's Gold

    The value of cost of Goods Sold varies because of:

    LIFO method of inventory recording
    FIFO method of inventory recording
    Double declining method of depreciation
    All of the given options

  • Cyberian's Gold

    The ____________ presents a company’s financial position at the specified date.

    Income statement
    Balance sheet
    Statement of shareholders’ equity
    Statement of cash Flows

  • Cyberian's Gold

    Which of the following is NOT the step of Percentage of sales to be used in Financial Forecasting?

    Estimate year-by-year Sales Revenue and Expenses
    Estimate Levels of Investment Needs required to Meet Estimated Sales
    Estimate the Financing Needs
    Estimate the Financing Needs

  • Cyberian's Gold

    Suppose Ali has deposited Rs. 5,000 in bank account for which bank has promised to pay him 10% interest compounded annually. Ali will have ____ in the account after 1 year.

    an amount more than Rs. 5,000
    an amount less than Rs. 5,000
    an amount equal to Rs. 5,000
    None of the given options

  • Cyberian's Gold

    @zaasmi said in MGT201 Quiz 1 Solution and Discussion:

    Which of the following rule is applied in constant rupee approach of balance sheet?

    Constant Rupee Approach: In constant rupee approach, two balance sheets of the same company for different times are compared at a specific time and inflationary adjustments are made.
    The balance sheet must follow the following formula:

    Assets = Liabilities + Shareholders’ Equity

  • Cyberian's Gold

    Which of the following rule is applied in constant rupee approach of balance sheet?

    Two balance sheets of the same company for different times are compared at a specific time and inflationary adjustments are made

    Two balance sheets of different companies for different times are compared at a specific time and inflationary adjustments are made

    Two balance sheets of the same company for different times are compared at a specific time and regulatory adjustments are made

    Two balance sheets of the same company for different times are compared at a specific time and regulatory adjustments are made


  • @zareen said in MGT201 Quiz 1 Solution and Discussion:

    Re: MGT201 Quiz 1 Solution and Discussion

    Dear Students,

    This is to inform that Quiz # 01 will be opened on November 20, 2020 and last date to attempt quiz will be November 24, 2020 .

    Quiz will be based on Multiple Choice Questions (MCQs) covering video Lectures 1 to 7.

    If you failed to attempt the quiz in given time then no re-take or off line quiz will be held as compensation/replacement.

    For detailed instructions view instruction in quiz tab.

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