Engineering Economics In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes? Sinking fund method Declining balance method Sum-of-year digit method Straight line method Sinking fund method Declining balance method Sum-of-year digit method Straight line method 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 ______. Total sales Net income Net revenue Gross income Total sales Net income Net revenue Gross income ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.? Necessity Utility Commodity Stock Necessity Utility Commodity Stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The difference between the present and future worth of money at some time in the future is called ______. Inflation Depletion Discount Deduction Inflation Depletion Discount Deduction ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the common methods of computing depletion charge? Rational method and irrational method Conservative method and conventional method Unit method and percentage method Discrete method and depletion allowance method Rational method and irrational method Conservative method and conventional method Unit method and percentage method Discrete method and depletion allowance method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want? Commodities Services Goods or commodities Goods Commodities Services Goods or commodities Goods ANSWER DOWNLOAD EXAMIANS APP
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