Engineering Economics
You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank?

P 62.44
P44.55
P54.66
P37.56

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Engineering Economics
Current ratio is:

Current assets/Current liabilities
(Current assets + loans advances)/Current liabilities
None of these
(Current assets + loans)/Current liabilities

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

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

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