Engineering Economics Using factor method, the depletion at any given year is equal to: Initial cost of property times number of units sold during the year Initial cost of property divided by the total units in property 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 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 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Lands, buildings, plants and machineries are example of what type of asset? Intangible asset Fixed asset Current asset Trade investment asset Intangible asset Fixed asset Current asset Trade investment asset ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Current assets less inventories divided by current liabilities is known as Acid-Test (or Quick) ratio Debts ratio Current ratio Liquidity ratio Acid-Test (or Quick) ratio Debts ratio Current ratio Liquidity ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics How long will it take money to double itself if invested at 5% compounded annually? 13.7 years 15.3 years 14.2 years 14.7 years 13.7 years 15.3 years 14.2 years 14.7 years ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of diminishing return Law of supply and demand Law of supply Law of demand Law of diminishing return Law of supply and demand Law of supply Law of demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The wages of supervisors and material handlers are charged as: None of these Over head Direct labour cost Indirect labour cost None of these Over head Direct labour cost Indirect labour cost ANSWER DOWNLOAD EXAMIANS APP
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