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Engineering Economics

Engineering Economics
What refers to the goods and services that are required to support human life, needs and activities?

Consumer products
Necessity
Producer products
Luxury

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Engineering Economics
What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry?

The initial depreciation is low
The initial deprecation is high
Unstable economy
Rate of interest cannot be exactly determined

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Engineering Economics
How long will it take money to double itself if invested at 5% compounded annually?

15.3 years
13.7 years
14.2 years
14.7 years

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Engineering Economics
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

P18,000
P19,000
P18,900
P19,100

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Engineering Economics
What is a measure of the average speed with which accounts receivable are collected?

Current ratio
Acid test ratio
Quick ratio
Receivable turnover

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Engineering Economics
The process of determining the value or worth of a physical property for specific reason is called ______.

Investment
Economy
Valuation
Depletion

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