The First Unit Took Fifteen Days to Finish and the Second

question 2

Multiple Choice

The first unit took fifteen days to finish and the second unit was finished a mere 13.5 days later. How many more days will pass before the tenth unit is finished?

• A) 91.5
• B) 119.9
• C) 109.3
• D) 129.5

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Definitions:

Effective-Interest Method

An accounting method to amortize the discount or premium on bonds payable or receivable over the bond's life, reflecting a constant rate of interest.

Market Rate

The current price or interest rate at which a good, service, or financial asset can be bought or sold in a competitive market.

Journal Entry

An accounting transaction entered into a ledger that denotes the financial activities of a company.

Statement of Cash Flows

A summary statement which tracks all cash inflows to a company from its regular business operations and funds received from investments, plus all cash outflows for paying business and investment costs within a certain period.