The Convention Used in This Book for Named Constants Is

question 7

Multiple Choice

The convention used in this book for named constants is ____ characters ____ underscores to separate words.

• A)uppercase, with
• B)uppercase, without
• C)lowercase, with
• D)lowercase, without

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Definitions:

MACRS Depreciation

Modified Accelerated Cost Recovery System; a method of depreciation used for tax purposes in the United States that allows for faster expense deductions.

Working Capital

The difference between a company’s current assets and current liabilities, used to fund the company's day-to-day operations.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your next dollar of income.

Net Investment

The total amount spent by a company or economy on capital assets, minus depreciation. This indicates how much is being spent on new or replacement assets.