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.

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

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Engineering Economics
In case of bankruptcy of a partnership,

The partners personal assets are attached to the debt of the partnership
The partners nay sell stock to generate additional capital
The partners are not liable for the liabilities of the partnership
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

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Engineering Economics
Which is true about partnership?

It will be dissolved if one of the partners ceases to be connected with the partnership.
It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
It has a perpetual life.

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