A Heater Uses 20 a When Used in a 110-V

question 38

Multiple Choice

A heater uses 20 A when used in a 110-V line. If electric power costs 10 cents per kilowatt hour, the cost of running the heater for 10 hours is

• A) $5.50.
• B) $2.20.
• C) $0.55.
• D) $0.22.
• E) none of these

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Definitions:

Subsidiary

A company controlled by another company, known as the parent company, usually through ownership of more than 50% of its voting stock.

Indirect NCI

An accounting term referring to the portion of equity in a subsidiary not directly attributable to the parent company, calculated on a proportional basis.

Ownership Interest

A stake or share in an asset or entity, giving the holder a claim to a portion of its equity or assets and possibly a share in its profits.

Limited

A form of corporate structure whereby the shareholders' liability is limited to the capital they have invested in the company.