Decrease in the value of a physical property due to the passage of time.

Reduction in the level of national income and output usually accompanied by a fall in the general price level

This consists of a cash and account receivable during the next period or any other material which will be sold

Parties whose consent or signature in a contract is not considered intelligent

The sum of all the costs necessary to prepare a construction project for operation.

This occurs in a situation where a commodity or service is supplied by a number of vendors and there is nothing to prevent additional vendors entering the market.

An economic condition in which there are so few suppliers of a particular product that one supplier’s actions significantly affect prices and supply

The type of annuity where the first payment is made after several periods, after the beginning of the payment

The condition in which the total income equals the total operating expenses

These are products or services that are desired by human and will be purchased if money is available after the required necessities have been obtained

It is the worth of a property as recorded in the book of an enterprise

A man bought an equipment costing P30,000 payable in 12 quarterly payments, each installment payable at the beginning of each period. The rate of interest is 24% compounded quarterly. What is the amount of each payment

A market whereby there is only one buyer of an item for when there are no goods substitute

Suppose that you make 12 equal annual deposits of P2,000 each into a bank account paying 8% interest per year. The first deposit will be made one year from today. How much money can be withdrawn from this bank account immediately after the 12th deposit?

It is the stock that has prior to dividends. It usually does not bring voting right to the owners and the dividend is fixed and cannot be higher than the specified amount

Grand total of the assets and operational capability of a corporation

Reduction in the level of nation income and output usually accompanied by a fall in the general price level

A man purchased a house for P425,000. In the first month that he owned the house, he spent P75,000 on repairs and remodeling. Immediately after the house was remodeled, he was offered P545,000 to sell the house. After some consideration, he decided to keep the house and have it rented for P4,500 per month starting two months after the purchase. He collected rent for 15 months and then sold the house for P600,000. if the interest rate was 1.5% per month, how much extra money did he make or lose by not selling the house immediately after it was remodeled

The quantity of a certain commodity that is offered for sale at a certain price at a given place and time

How much do ten P2000 quarterly payments amount at present if the interest rate is 10% compounded quarterly