The amount which has been spent or capital invested which for some reasons cannot be retrieved.

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

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

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

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

The length of time which the property may be operated at a profit

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

A market situation where there is one seller and buyer

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

Form of paper money issued by the central bank.

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

It is where the original record of a business transaction is recorded

What is the accumulated amount of five years annuity paying P 6000 at the end of each year, with interest at 15% compounded annually?

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

The right and privilege granted to an individual or corporation to do business in a certain region.

The place where buyers and sellers come together.

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 How much money can be withdrawn from this bank account immediately after the 12th deposit?

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