# Engineering Economics

• ## The common ratio is the ratio of:

• A. Net credit sales to average net receivable
• B. Current assets to current liabilities
• C. Gross profit to net sales
• D. Net income to owner’s equity
Explanation:

No answer description available for this question.

• ## The person desires to pay off the amount in 10 equal annual instalments. The amount of each installment is:

• A. Rs. 5638
• B. Rs. 6638
• C. Rs. 7738
• D. None of these
Explanation:

No answer description available for this question.

• ## What is the basic accounting equation?

• A. Assets = liability + owner’s equity
• B. Liability = assets + owners’ equity
• C. Owner’s equity = assets + liability
• D. Owner’s equity = liability – assets
Explanation:

No answer description available for this question.

• ## Using factor method, the depletion at any given year is equal to:

• A. Initial cost of property times number of unit sold during the year divided by the total units in property
• B. Initial cost of property divided by the number of units sold during the year
• C. Initial cost of property times number of units sold during the year
• D. Initial cost of property divided by the total units in property
Explanation:

No answer description available for this question.

• ## The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as_____.

• A. Currency appreciation
• B. Currency depreciation
• C. Currency devaluation
• D. Currency float
Explanation:

No answer description available for this question.

• ## Oligopoly exists when there is/are:

• A. Few sellers and few buyers
• B. Few sellers and many buyers
• C. Many sellers and few buyers
• D. One seller and few buyers
Explanation:

No answer description available for this question.

• ## What is a secondary book of accounts, the information of which is obtained from the journal is called?

• A. Balanced sheet
• B. Ledger
• C. Worksheet
• D. Trial balance
Explanation:

No answer description available for this question.

• ## What refers to the need, want or desire for a product backed by the money to purchase it?

• A. Supply
• B. Demand
• C. Product
• D. Good
Explanation:

No answer description available for this question.

• ## The declining balance method is also known as_____.

• A. Double percentage method
• B. Constant percentage method
• C. Modified sinking fund method
• D. Modified SYD method
Explanation:

No answer description available for this question.

• ## Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller.

• A. Fixed percentage of gross income or the net taxable income
• B. Fixed percentage of gross income or 50% of the net taxable income
• C. 50% of the fixed percentage of gross income or 50% of the net taxable income
• D. 50% of the fixed percentage of gross income or the net taxable income