Solve. -Two Vehicles Leave the Same Corner at the Same Time

question 245

Multiple Choice

Solve.
-Two vehicles leave the same corner at the same time and travel at a right angle to each other. One vehicle travels 2 kilometers an hour faster than the other. If after one hour the vehicles are
10 kilometers apart, find the rate of each vehicle.

• A) Slower vehicle: 4 km/hr; faster vehicle: 6 km/hr
• B) Slower vehicle: 8 km/hr; faster vehicle: 10 km/hr
• C) Slower vehicle: 6 km/hr; faster vehicle: 8 km/hr
• D) Slower vehicle: -8 km/hr; faster vehicle: -6 km/hr

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Definitions:

Fair Value

An estimate of the price at which an asset would trade in a fair transaction between market participants at the measurement date.

Trading Securities Portfolio

A collection of stocks, bonds, or other securities that a company holds for the primary purpose of selling them in the short term to profit from price changes.

Year-end Adjustment

Accounting entries made at the end of an accounting period to record revenues and expenses in the correct period, also known as adjusting entries.

Income Statement

Rephrase: A financial statement that shows a company's revenue and expenses over a specific period, highlighting its performance in terms of profit or loss.