Engineering Economics
Which is true about corporation?

The minimum number of incorporators to start a corporation is three.
It is worse type of business organization.
The stock holders of the corporation are only liable to the extent of their investments.
Its life is dependent on the lives of the incorporators.

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Engineering Economics
The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now?

11 months
12 months
13 months
10 months

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