Engineering Economy

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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

The money paid for the use of borrowed capital

Determination of the actual quantity of the materials on hand as of a given date

The value of the stock as stated on the stocks certificat

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

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

Form of paper money issued by the central bank.

It is sometimes called the second hand value

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

The addition cost of producing one more unit is

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

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

Grand total of the assets and operational capability of a corporation

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

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 How much money can be withdrawn from this bank account immediately after the 12th deposit?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 where the original record of a business transaction is recorded

A wrong act that causes injury to a person or property and for which allows a claim by the injured party to recover damages

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

The place where buyers and sellers come together.

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

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