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An Empty Spice Bottle Has an Inner Volume of 1

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An empty spice bottle has an inner volume of 1.31 * 10-4 m3. It has a mass of 112 g when filled with air, and it displaces 1.63 *10-4 m3 of water when fully submerged. What fraction of the total volume of the bottle will be beneath the surface when it is placed in a tank of water?


Definitions:

Cost Behavior

The manner in which a cost changes as the related activity level changes, categorized into fixed, variable, and mixed costs.

Opportunity Cost

The potential benefit that is given up when one alternative is selected over another.

Manufacturing Company

A business entity engaged in the transformation of raw materials into finished goods for sale by using labor, machines, and chemical or biological processing.

Contribution Margin

The amount by which sales revenue exceeds variable costs; it contributes to covering fixed costs and generating profit.

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