The Difference in Sun Time Between Two Places Located 30°

question 38

Multiple Choice

The difference in Sun time between two places located 30° in longitude apart from one another is

• A)30 seconds.
• B)30 minutes.
• C)one hour.
• D)two hours.
• E)three hours.

Comprehend the need for preparing pro forma statements on a stand-alone basis for proposed projects.

Acknowledge the effect of fixed and variable costs on operating cash flow.

Grasp the concept of net working capital management and its recovery in project analysis.

Appreciate the inclusion of opportunity costs in project cash flows.

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Definitions:

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account. It is also used in banking to denote the addition of funds to an account.

Credit Side

The right side of an accounting ledger, used for recording increases in liabilities, equity, and revenue, and decreases in assets and expenses.

Debit Side

The left side of a ledger account that records increases in assets and expenses or decreases in liabilities and equity.