Engineering Economics
Pick up the correct statement regarding financial statement analysis from the following.

The income statement is the summary of revenues and expenses of a firm over a particular period of time
All listed here
The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time
Final analysis always involves the use of various financial statements i.e., balance sheet and income statement

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

All of these
Did the estimators precisely evaluate site conditions
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost
Did the estimators use short cut methods which may be unrealistic in their situation

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