Engineering Economics Current ratio is: Current assets/Current liabilities (Current assets + loans advances)/Current liabilities (Current assets + loans)/Current liabilities None of these Current assets/Current liabilities (Current assets + loans advances)/Current liabilities (Current assets + loans)/Current liabilities None of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The functional depreciation is sometimes called ______. Life depreciation Failure depreciation Adolescence Demand depreciation Life depreciation Failure depreciation Adolescence Demand depreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics An association of two or more persons for the purpose of engaging into a business for profit is called ______. Proprietorship Partnership Corporation Entrepreneurship Proprietorship Partnership Corporation Entrepreneurship ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render? Functional depreciation Design depreciation Physical depreciation Demand depreciation Functional depreciation Design depreciation Physical depreciation Demand depreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Current assets less inventories divided by current liabilities is known as Acid-Test (or Quick) ratio Liquidity ratio Debts ratio Current ratio Acid-Test (or Quick) ratio Liquidity ratio Debts ratio Current ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the basic accounting equation? Liability = assets + owners’ equity Owner’s equity = assets + liability Owner’s equity = liability – assets Assets = liability + owner’s equity Liability = assets + owners’ equity Owner’s equity = assets + liability Owner’s equity = liability – assets Assets = liability + owner’s equity ANSWER DOWNLOAD EXAMIANS APP
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