Engineering Economics The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______. Fixed cost First cost In-place value Material cost Fixed cost First cost In-place value Material cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call a one-time credit against taxes? Credible credit Tax credit Due credit Revenue credit Credible credit Tax credit Due credit Revenue credit ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the current assets minus inventories and prepaid expenses? Profit margin ratio Return of investment ratio Quick ratio Price-earnings ratio Profit margin ratio Return of investment ratio Quick ratio Price-earnings ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the basic accounting equation? Owner’s equity = liability – assets Owner’s equity = assets + liability Liability = assets + owners’ equity Assets = liability + owner’s equity Owner’s equity = liability – assets Owner’s equity = assets + liability Liability = assets + owners’ equity Assets = liability + owner’s equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the need, want or desire for a product backed by the money to purchase it? Demand Good Supply Product Demand Good Supply Product ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the cost of borrowing money or the amount earned by a unit principal per unit time? Yield rate Economic return Rate of return Rate of interest Yield rate Economic return Rate of return Rate of interest ANSWER DOWNLOAD EXAMIANS APP
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