Engineering Economy | Test For NTS PPSC FPSC, TEST

A. It has a perpetual life
B. It will be dissolved if one of the partners ceases to be connected with the partnership
C. It can be handed down from one generation of partners to another
D. Its capitalization must be equal for each partner

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Category: Engineering Economy

A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount ?

A uniform series of payment occurring at equal interval of time is called ____________________?

Which is true about partnership ?

The depletion allowance method of computing depletion is commonly known as ___________________?

Duopoly is a market situation where there is/are____________?

What is used to record historical financial transactions ?

A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?

What refers to the present worth of all the amount the bondholder will receive through his possession of the bond ?

What is another term for “current assets” ?

The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion?