Engineering Economics What is the basic accounting equation? Owner’s equity = liability – assets Liability = assets + owners’ equity Owner’s equity = assets + liability Assets = liability + owner’s equity Owner’s equity = liability – assets Liability = assets + owners’ equity Owner’s equity = assets + liability Assets = liability + owner’s equity ANSWER DOWNLOAD EXAMIANS APP
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. P19,100 P18,000 P18,900 P19,000 P19,100 P18,000 P18,900 P19,000 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The ratio of current assets to current liabilities is known as Liquidity ratio Current ratio Debts ratio Acid-Test (or Quick) ratio Liquidity ratio Current ratio Debts ratio Acid-Test (or Quick) ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the amount of a product made available for sale? Product Demand Supply Good Product Demand Supply Good ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Gross margin is the ratio of the gross profit to ______. Net sale Quick assets Owner’s equity Inventory turnover Net sale Quick assets Owner’s equity Inventory turnover ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Oligopoly exists when there is/are: Few sellers and few buyers One seller and few buyers Few sellers and many buyers Many sellers and few buyers Few sellers and few buyers One seller and few buyers Few sellers and many buyers Many sellers and few buyers ANSWER DOWNLOAD EXAMIANS APP
EXAMIANS