20\Compute total income from the following? Net Sales OMR 80000, Cost of goods sold OMR 30000, Dividend received OMR 8000, Insurance paid OMR 6000, Depreciation OMR 2000 and Commission received OMR 4000.

a.

OMR 68000

b.

OMR 62000

c.

OMR 60000

d.

OMR 54000

21\ Identify which one of the following statement is not correct:

a.

Cash management plays a major role in the area of finance

b.

Dividend decision is the primary function of the financial manager

c.

Management control is an emerging role of the financial manager

d.

The financial manager need not concentrate on mobilization of finance

22\Which of the following methods of capital budgeting indicates the time period required to recover the investment?

a.

Payback period

b.

Accounting Rate of return

c.

Internal rate of return

d.

Net present value

23\Mr. Ahmed would like to buy securities. Which of the following securities should he not to buy to become the owner of a business?

i Debentures ii. Equity Shares iii. Public Deposit iv Bonds

Only Public Deposit

Ony Debentures

Only Equity Shares

Only Bonds

24\Which of the following statement is correct ? i. Commercial bank is a Banking Financial Institution ii. Insurance Company is a Non-Banking Financial Institution

a.

Only ii

b.

Both i and ii are correct

c.

Both i and ii are incorrect

d.

Only i

25\Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR 2000, Purchases OMR 40000, Sales OMR 80000, Closing Stock OMR 20000, Salaries and wages OMR 10000 and Sales return OMR 6000

a.

OMR 40000

b.

OMR 34000

c.

OMR 52000

d.

OMR 50000