Question 61. A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. There will be 400 soldered connections. The cost of soldering a connection on the enameled wire will be P 1.65 on the tinned wire, it will be P 1.15. A 100- pair cable made up with enameled wire cost P 0.55 per linear foot and those made up of tinned wire cost P 0.75 per linear foot. Determine the length of cable run in feet so that the cost of each installation would be the same.

Question 62. By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly?

Question 63. What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?

Question 64. In year zero, you invest P 10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much in terms of year zero pesos will be in the account at maturity?

Question 65. What is the basic accounting equation?

Question 66. A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan?

Question 67. What is a secondary book of accounts, the information of which is obtained from the journal is called?

Question 68. Earnings per share is the most important ratio for

Question 69. What is a government bond which has an indefinite life rather than a specific maturity?

Question 70. Under ordinary simple interest, how many days in one year?