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.

$ 5,050,000.00
$ 5,000,000.00
$ 5,025,000.00
$ 5,010,000.00

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Engineering Economics
A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even?

2,712
2,632
2.590
2,890

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Engineering Economics
Which is true about corporation?

It is worse type of business organization.
The stock holders of the corporation are only liable to the extent of their investments.
The minimum number of incorporators to start a corporation is three.
Its life is dependent on the lives of the incorporators.

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