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.

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

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Engineering Economics
Current ratio is:

Current assets/Current liabilities
None of these
(Current assets + loans advances)/Current liabilities
(Current assets + loans)/Current liabilities

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The first payment is made at the beginning of the first period.
The payments are made at equal interval of time.
The amounts of all payments are equal.
Compound interest is paid on all amounts in the annuity.

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