Engineering Economics
Pick up the correct statement regarding financial statement analysis from the following.

The income statement is the summary of revenues and expenses of a firm over a particular period of time
All listed here
Final analysis always involves the use of various financial statements i.e., balance sheet and income statement
The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time

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Engineering Economics
A construction estimate is used

None of these
To produce a statement of the approximate cost
To decide an approximation of the value of the project and not the exact cost
To judge tentatively or approximate value of the project

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Engineering Economics
The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected?

P 19,423.69
P 19,122.15
P 19,624.49
P 19,518.03

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