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Engineering Economics

Engineering Economics
What is an accounting term that represents an inventory account adjustment?

Cost accounting
Overhead cost
Standard cost
Cost of goods sold

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Engineering Economics
What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for?

Return
Equity
Dividend
Par value

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Engineering Economics
Which of the following is an example of intangible asset?

Investment in subsidiary companies
Patents
Furnitures
Cash

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Engineering Economics
If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is:

√(n + i)
(1 + i)n
(1 + i)(1/2n)
None of these

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Engineering Economics
In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes?

Sinking fund method
Declining balance method
Sum-of-year digit method
Straight line method

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Engineering Economics
______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations.

Status company
Big income
Known owners
Goodwill

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