Engineering Economics
The interest calculated on the basis of 365 days a year, is known as:

Interest
Exact simple interest
Ordinary simple interest
None of these

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

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

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Engineering Economics
Using factor method, the depletion at any given year is equal to:

Initial cost of property divided by the number of units sold during the year
Initial cost of property times number of unit sold during the year divided by the total units in property
Initial cost of property times number of units sold during the year
Initial cost of property divided by the total units in property

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