A formal organization of producers within industry forming a perfect collusion purposely formed to increase profit and block new comers from the industry

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

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

It is defined as the capacity of a commodity to satisfy human want

A market situation where there is one seller and buyer

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

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.

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

Form of paper money issued by the central bank.

A written contract by a debtor to pay final redemption value on an indicated date or maturity date and pay a certain sum periodically.

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

A plant bought a machine for P200,000 and used it for 10 years, the life span of the equipment. What is the book value of the machine after 5 years of use? Assume a scrap value of P20,000. Use double declining balance method

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

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

The sum of the direct labor cost incurred in the factory and the direct material cost of all materials that go into production is called

Grand total of the assets and operational capability of a corporation

The money paid for the use of borrowed capital

It is defined to be the capacity of a commodity to satisfy human want

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