Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

To compute target estimate for the owner while drawing and specifications are in initial stage
All of these
To check quotations from contractors and/or sub-contractors
To have a check on a definitive cost estimate

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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?

0.1632
0.1647
0.1628
0.1602

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Engineering Economics
Current ratio is:

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

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