Engineering Economics What is used to record historical financial transactions? Bookkeeping system Balance check Ledger system General journal system Bookkeeping system Balance check Ledger system General journal system ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments. P 43,263.91 P 43,763.20 P 43,489.47 P 43,600.10 P 43,263.91 P 43,763.20 P 43,489.47 P 43,600.10 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The common ratio is the ratio of: Net credit sales to average net receivable Gross profit to net sales Net income to owner’s equity Current assets to current liabilities Net credit sales to average net receivable Gross profit to net sales Net income to owner’s equity Current assets to current liabilities ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product? Buffer stock Hoard stock Stock pile Withheld stock Buffer stock Hoard stock Stock pile Withheld stock ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is an accounting term that represents an inventory account adjustment? Cost accounting Overhead cost Standard cost Cost of goods sold Cost accounting Overhead cost Standard cost Cost of goods sold ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the basic accounting equation? Owner’s equity = liability – assets Owner’s equity = assets + liability Assets = liability + owner’s equity Liability = assets + owners’ equity Owner’s equity = liability – assets Owner’s equity = assets + liability Assets = liability + owner’s equity Liability = assets + owners’ equity ANSWER DOWNLOAD EXAMIANS APP
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