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Engineering Economics

Engineering Economics
What is an accounting term that represents an inventory account adjustment?

Standard cost
Overhead cost
Cost accounting
Cost of goods sold

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Engineering Economics
First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes?

0.21
0.2
0.19
0.18

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Engineering Economics
The ratio of the net income before taxes to net sales is called ______.

Current ratio
Inventory turnover
Price-earnings ratio
Profit margin ratio

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Engineering Economics
Under ordinary simple interest, how many days in one year?

366
360
300
365

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Engineering Economics
What type of bond is issued jointly by two or more corporations?

Joint bond
Trust bond
Tie-up bond
Mortgage bond

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Engineering Economics
A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually.

0.1195
0.1232
0.1175
0.115

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