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Engineering Economics

Engineering Economics
A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?

0.0941
0.0914
0.0931
0.0901

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Engineering Economics
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

P19,000
P18,000
P18,900
P19,100

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Engineering Economics
What is the simplest form of business organization?

Sole proprietorship
Corporation
Partnership
Enterprise

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Engineering Economics
A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000

1,033
1,053
1,043
1,037

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Engineering Economics
The wages of supervisors and material handlers are charged as:

Direct labour cost
None of these
Indirect labour cost
Over head

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Engineering Economics
The interest calculated on the basis of 365 days a year, is known as:

Exact simple interest
None of these
Ordinary simple interest
Interest

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