Solve the Problem. -A Piece of Rectangular Sheet Metal Is 21 Inches Wide

question 346

Multiple Choice

Solve the problem.
-A piece of rectangular sheet metal is 21 inches wide. It is to be made into a rain gutter by turning up equal edges to form parallel sides. Let x represent the length of each of the parallel sides. For what value of x will the area of
The cross section be a maximum (and thus maximize the amount of water that the gutter will hold) ? If necessary,
Round to 2 decimal places.

• A) 10.5
• B) 5.25
• C) 84
• D) 42

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Definitions:

Unearned Interest: Leases

Interest on a lease that has been collected in advance by the lessor but not yet earned, often requiring adjustment in accounting records.

Present Value Factors

Present value factors are used to calculate the present value of a future amount of money or stream of cash flows given a specified rate of return.

Lease Payment

Regular payments made by a lessee to a lessor for the use of an asset, as agreed upon in a lease contract.

Sales-Type Lease

A lease arrangement that allows the lessor to recognize profit at the inception of the lease due to the transfer of ownership or the realization of a sales profit beyond interest income.