A Wooden Raft Has a Mass of 55 Kg $\text { (density } 1000 \mathrm {~kg} / \mathrm { m } ^ { 3 } \text { ) }$

question 25

Short Answer

A wooden raft has a mass of 55 kg. When empty it floats in water $\text { (density } 1000 \mathrm {~kg} / \mathrm { m } ^ { 3 } \text { ) }$ with 64% of its volume submerged. What maximum mass of sand can be put on the raft without sinking it?

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Definitions:

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board, aiming at making global financial statements more comparable.

Recoverable Amount

The higher of an asset's fair value less costs to sell and its value in use, reflecting the maximum amount that can be recovered through its use or sale.

Expected Benefit Approaches

A method used in actuarial analysis or in benefits planning, projecting the future benefits to be received, often for purposes of pension plan funding or insurance.

Unverifiable

Pertaining to information or data that cannot be confirmed or corroborated through evidence or additional sources.