Engineering Economics What refers to the goods and services that are required to support human life, needs and activities? Consumer products Luxury Producer products Necessity Consumer products Luxury Producer products Necessity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the basic accounting equation? Liability = assets + owners’ equity 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 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The common ratio is the ratio of: Current assets to current liabilities Net income to owner’s equity Gross profit to net sales Net credit sales to average net receivable Current assets to current liabilities Net income to owner’s equity Gross profit to net sales Net credit sales to average net receivable ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the claim of anyone to ownership? Assets Proprietorship Equity Liability Assets Proprietorship Equity Liability 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Engineering Economics A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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? P693.12 P700.12 P705.42 P702.15 P693.12 P700.12 P705.42 P702.15 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics In year zero, you invest P 10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much in terms of year zero pesos will be in the account at maturity? P 18,289.05 P 15,030.03 P 16,892.34 P 20,113.57 P 18,289.05 P 15,030.03 P 16,892.34 P 20,113.57 ANSWER DOWNLOAD EXAMIANS APP
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