The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion.

Engineering Economics
The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion.

$ 5,025,000.00

$ 5,000,000.00

$ 5,050,000.00

$ 5,010,000.00

$ 5,025,000.00

$ 5,000,000.00

$ 5,050,000.00

$ 5,010,000.00

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Engineering Economics
What is another term for “acid-test ratio”?

Profit margin ratio

Price-earnings ratio

Quick ratio

Current ratio

Profit margin ratio

Price-earnings ratio

Quick ratio

Current ratio

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Engineering Economics
An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method

P 3,279.27

P 3,927.27

P 3,792.72

P 3,729.27

P 3,279.27

P 3,927.27

P 3,792.72

P 3,729.27

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Engineering Economics
The more critical (or severe) test of the firm's liquidity can be judged by:

Debts ratio

Acid-Test (or Quick) ratio

Current ratio

Liquidity ratio

Debts ratio

Acid-Test (or Quick) ratio

Current ratio

Liquidity ratio

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Engineering Economics
What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want?

Goods

Goods or commodities

Commodities

Services

Goods

Goods or commodities

Commodities

Services

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Engineering Economics
The declining balance method is also known as ______.

Modified SYD method

Double percentage method

Modified sinking fund method

Constant percentage method

Modified SYD method

Double percentage method

Modified sinking fund method

Constant percentage method

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Engineering Economics

Engineering Economics What is another term for “acid-test ratio”?

Engineering Economics An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method

Engineering Economics The more critical (or severe) test of the firm's liquidity can be judged by:

Engineering Economics What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want?

Engineering Economics The declining balance method is also known as ______.

Engineering Economics
What is another term for “acid-test ratio”?

Engineering Economics
An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method

Engineering Economics
The more critical (or severe) test of the firm's liquidity can be judged by:

Engineering Economics
What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want?

Engineering Economics
The declining balance method is also known as ______.