Engineering Economics
First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes?

0.21
0.2
0.18
0.19

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Engineering Economics
It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate?

16.02 %
16.47 %
16.32 %
16.28 %

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Engineering Economics
The key to profitable operation for project cost control, is:

To keep the project cost equal to original cost estimate
None of these
To keep the project cost within the cost budget and knowing when and where job costs are deviating
To keep the project cost equal to subsequent construction budget

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