Engineering Economics What is the basic accounting equation? Owner’s equity = liability – assets Liability = assets + owners’ equity Owner’s equity = assets + liability Assets = liability + owner’s equity Owner’s equity = liability – assets Liability = assets + owners’ equity Owner’s equity = assets + liability Assets = liability + owner’s equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the correct reason for making conceptual (or preliminary) estimate from the following: To have a check on a definitive cost estimate All of these To compute target estimate for the owner while drawing and specifications are in initial stage To check quotations from contractors and/or sub-contractors To have a check on a definitive cost estimate All of these To compute target estimate for the owner while drawing and specifications are in initial stage To check quotations from contractors and/or sub-contractors ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method. 10 years 8 years 7 eyars 9 years 10 years 8 years 7 eyars 9 years ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled? Preferred stock Common stock Authorized capital stock Incorporator stock Preferred stock Common stock Authorized capital stock Incorporator stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is normally used to compare alternatives that accomplish the same purpose but have unequal lives? Capitalized cost method MARR Present worth method Annual cost method Capitalized cost method MARR Present worth method Annual cost method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ______. Stockholders Investors Corporation Partnership Stockholders Investors Corporation Partnership ANSWER DOWNLOAD EXAMIANS APP
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