Engineering Economics What is the basic accounting equation? Liability = assets + owners’ equity Owner’s equity = assets + liability Owner’s equity = liability – assets Assets = liability + owner’s equity Liability = assets + owners’ equity Owner’s equity = assets + liability Owner’s equity = liability – assets Assets = liability + owner’s equity ANSWER DOWNLOAD EXAMIANS APP
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? 0.18 0.21 0.19 0.2 0.18 0.21 0.19 0.2 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The common ratio is the ratio of: Gross profit to net sales Net credit sales to average net receivable Net income to owner’s equity Current assets to current liabilities Gross profit to net sales Net credit sales to average net receivable Net income to owner’s equity Current assets to current liabilities ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities. Partnership Entrepreneurship Sole proprietorship Corporation Partnership Entrepreneurship Sole proprietorship Corporation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year? P700.12 P705.42 P693.12 P702.15 P700.12 P705.42 P693.12 P702.15 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A bond without any security behind them except a promise to pay by the issuing corporation is called ______. Common bond Debenture bond Joint bond Trust bond Common bond Debenture bond Joint bond Trust bond ANSWER DOWNLOAD EXAMIANS APP
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