11. In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset? A. Straight line method B. Sinking fund method C. Sum-of-year digit method D. Declining balance method

Straight line method
Sinking fund method
Sum-of-year digit method
Declining balance method

Detailed SolutionIn what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset? A. Straight line method B. Sinking fund method C. Sum-of-year digit method D. Declining balance method

12. Which one of the following questions is relevant to the construction estimates? A. Did the estimators precisely evaluate site conditions B. Did the estimators use short cut methods which may be unrealistic in their situation C. How much money will the contractor’s risk, loosing if he were to submit bid on the raw estimate of cost D. All of these

Did the estimators precisely evaluate site conditions
Did the estimators use short cut methods which may be unrealistic in their situation
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost
All of these

Detailed SolutionWhich one of the following questions is relevant to the construction estimates? A. Did the estimators precisely evaluate site conditions B. Did the estimators use short cut methods which may be unrealistic in their situation C. How much money will the contractor’s risk, loosing if he were to submit bid on the raw estimate of cost D. All of these

13. Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence. A. Corporation B. Property C. Partnership D. Organization

Corporation
Property
Partnership
Organization

Detailed SolutionIs an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence. A. Corporation B. Property C. Partnership D. Organization

15. Which one of the following definitions is correct? A. The ratio of total debt to share holder’s equity is called ‘debt ratio’ B. The ratio debt-to-total assets is called Debt-to-total assets ratio C. The ratio of earnings before interest and taxes for a particular reporting period to the amount of interest charges for the period is called interest coverage ratio D. All of these

The ratio of total debt to share holder's equity is called 'debt ratio'
The ratio debt-to-total assets is called Debt-to-total assets ratio
The ratio of earnings before interest and taxes for a particular reporting period to the amount of interest charges for the period is called interest coverage ratio
All of these

Detailed SolutionWhich one of the following definitions is correct? A. The ratio of total debt to share holder’s equity is called ‘debt ratio’ B. The ratio debt-to-total assets is called Debt-to-total assets ratio C. The ratio of earnings before interest and taxes for a particular reporting period to the amount of interest charges for the period is called interest coverage ratio D. All of these

16. A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due? A. P 3,260.34 B. P 3,280.34 C. P 3,270.34 D. P 3,250.34

P 3,260.34
P 3,280.34
P 3,270.34
P 3,250.34

Detailed SolutionA firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due? A. P 3,260.34 B. P 3,280.34 C. P 3,270.34 D. P 3,250.34

17. What is the type of annuity where the payments are made at the beginning of the each period starting from the first period? A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity

Ordinary annuity
Perpetuity
Annuity due
Deferred annuity

Detailed SolutionWhat is the type of annuity where the payments are made at the beginning of the each period starting from the first period? A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity

18. What is the type of annuity where the payments are made at the end of each period starting from the first period? A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity

Ordinary annuity
Perpetuity
Annuity due
Deferred annuity

Detailed SolutionWhat is the type of annuity where the payments are made at the end of each period starting from the first period? A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity

20. The construction manager uses the estimate of the project A. To tell the owner of the project to take his/her financial decision B. To control the project during its construction C. To develop bids on the project D. All of these

To tell the owner of the project to take his/her financial decision
To control the project during its construction
To develop bids on the project
All of these

Detailed SolutionThe construction manager uses the estimate of the project A. To tell the owner of the project to take his/her financial decision B. To control the project during its construction C. To develop bids on the project D. All of these