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Engineering Economics

Engineering Economics
All the proceeds which are received by the business as a result of the sale of goods is called ______.

Gross income
Total sales
Net revenue
Net income

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Engineering Economics
The original record of a business transaction is recorded in this book.

Work book
Account book
Journal
Ledger

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Engineering Economics
A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ______.

Partnership
Corporation
Cooperative
Enterprise

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Engineering Economics
What refers to a document that shows proof of legal ownership of a financial security?

Coupon
Check
Bank note
Bond

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Engineering Economics
First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes?

0.21
0.19
0.2
0.18

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Engineering Economics
The ratio obtained by dividing 'quick assets' by current liabilities is called

Acid test ratio
Solvency ratio
None of these
Turnover ratio

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