A Car Accelerates at 2 Meters Per Second Per Second

question 36

Multiple Choice

A car accelerates at 2 meters per second per second. Assuming the car starts from rest, how much time does it need to accelerate to a speed of 30 m/s?

• A) 2 seconds
• B) 15 seconds
• C) 60 seconds
• D) 30 seconds
• E) none of these

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Definitions:

Initial Adoption

The first-time application of a new accounting principle, standard, or policy by a company in its financial reporting.

Periodic System

An inventory accounting system where inventory levels are updated and the cost of goods sold is calculated periodically at the end of a reporting period.

Dollar-Value LIFO

A variation of the LIFO (Last-In, First-Out) method that measures increments in pools of like items in dollar terms rather than quantities.

Record Keeping

The systematic process of creating, maintaining, and managing records or documents related to the operations and transactions of an entity.