Engineering Economics What is the basic accounting equation? Owner’s equity = liability – assets Owner’s equity = assets + liability Liability = assets + owners’ equity Assets = liability + owner’s equity Owner’s equity = liability – assets Owner’s equity = assets + liability Liability = assets + owners’ equity Assets = liability + owner’s equity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Buyer or consumer Manufacturer Seller Producer Buyer or consumer Manufacturer Seller Producer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset? Sinking fund method Straight line method Sum-of-year digit method Declining balance method Sinking fund method Straight line method Sum-of-year digit method Declining balance method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days. 0.1944 0.1931 0.1972 0.1961 0.1944 0.1931 0.1972 0.1961 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc.? Stock Commodity Utility Necessity Stock Commodity Utility Necessity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics ______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations. Goodwill Known owners Status company Big income Goodwill Known owners Status company Big income ANSWER DOWNLOAD EXAMIANS APP
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