Plumbing Arithmetic 5.1

通報

問題一覧

The paper currency issued by the Central Bank which forms part of the country's money supply?

Check

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

Delation

It is a series of equal payment occurring at equal interval of time?

Annuity

The place where buyers and sellers come together?

Market

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

Monopsony

It is a series of equal payments occurring at equal interval of time where the first payment is made after several periods, after the beginning of the payment

Deferred annuity

Total income equal the total operating cost

Break even no gain no loss

Kind of obligation which has no condition attached.

Gratuitous

Direct labor cost incurred in the factory and direct material costs are the costs of all materials that go into production. The sum of these two direct cost is known as:

Prime Cost

An index of short term paying ability is called

Current ratio

An artificial expenses that spreads purchase price of an asset or another property over number of years.

Depreciation

Estimated value at the end of the useful life

Salvage value

Consists of the actual counting or determination of the actual quantity of the materials on hand as of a given date.

Physical inventory

Additional information of prospective bidders on contract documents issues prior to bidding date

Bid bulletin

A series of uniform accounts over a period of time

Annuity

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

Supply

Work-in progress is classified as

An asset

What is the highest position in the corporation?

Chairman of the Board

Type of ownership in business here individuals exercise and enjoy the right in their own interest.

Private

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

Depreciation

An association of two or more individuals for the purpose of operating a business as co-owners for profit

Partnership

We may classify an interest rate, which specifies the actual rate of interest on the principal for one year as;

Effective rate

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

Luxury

It is the amount which a willing buyer will pay to willing seller for a property where each has equal advantage and is under no compulsion to buy or sell

Market value

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

Perfect competition

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

Luxuries

These are products or services that are required to support human life and activities that will be purchased in somewhat the same quantity even though the price varies considerably

Necessities

A condition where only few individuals produce a certain product and that any action of one will lead to almost the same action of others.

Semi-monopoly

Grand total of the assets and operational capability of a corporation.

Authorized capital

The worth of the property equals to the original cost less depreciation

Book value

Money paid the use of borrowed capital

Interest

liquid assets such as cash and other assets that can be converted quickly into cash, such as accounts receivable and merchandise are called

Current asset

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

economic life

The provision in the contract that indicates the possible adjustment of material cost and labor cost

Escalatory clause

The present worth of all depreciation over the economic life of the item is called

Depreciation recovery

Gross profit, sale less cost of goods sold, as a percentage of sales is called

Gross margin

Worth of the property as shown in the accounting records of an enterprise

Book value

Those funds that are required to make the enterprise or project a going concern

Working capital

A market situation where there is one seller with many buyer

Monopoly

A market situation where there is one seller and one buyer

Monopsony

A market situation where there are few sellers and few buyers

Bilateral oligopoly

A market situation where there are only two buyers with many sellers

Duepsony

The ratio of the interest payment to the principal for a given unit of tine and usually expressed as percentage of the principal

Interest rate

Define as the future value minus the present value

Discount

Scrap value of an asset is sometimes known as

Salvag value

A trpe of annuity where the payments are made at the end of payment period starting from the first period

Ordinary annuity

Bond to which are attached coupons indicating the interest due and the date when such interest is to be paid

Coupon bond

"When free competition exists the price of a product will be that value where supply is equal to the demand”

Law of supply and demand

The ratio of the net income to the owners' equity is known as

Return of investment

Capitalized cost of any property is equal to the

First cost+ cost of perpetual maintenance

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