Engineering Economics Gross margin is the ratio of the gross profit to ______. Inventory turnover Quick assets Net sale Owner’s equity Inventory turnover Quick assets Net sale Owner’s equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All the proceeds which are received by the business as a result of the sale of goods is called ______. Net income Total sales Net revenue Gross income Net income Total sales Net revenue Gross income ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Salvage value is sometimes known as ______. Going value Junk value Scrap value Second-hand value Going value Junk value Scrap value Second-hand value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Which is NOT an essential element of an ordinary annuity? The amounts of all payments are equal. The payments are made at equal interval of time. The first payment is made at the beginning of the first period. Compound interest is paid on all amounts in the annuity. The amounts of all payments are equal. The payments are made at equal interval of time. The first payment is made at the beginning of the first period. Compound interest is paid on all amounts in the annuity. ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.? Commodity Stock Necessity Utility Commodity Stock Necessity Utility ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the basic accounting equation? Liability = assets + owners’ equity Assets = liability + owner’s equity Owner’s equity = assets + liability Owner’s equity = liability – assets Liability = assets + owners’ equity Assets = liability + owner’s equity Owner’s equity = assets + liability Owner’s equity = liability – assets ANSWER DOWNLOAD EXAMIANS APP
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