Tidal Barrage System Generates 15 MWe from 85% Efficient

question 2

Essay

tidal barrage system generates 15 MWe from 85% efficient
turbines/generators at the beginning of the power generation cycle. The mean head of water above the turbines in 5.7 m and the water flows through the turbines with a velocity of 6 m/s. What is the total turbine area?

Appreciate the importance of variance analysis for management decision-making.

Understand the basic principles of capital budgeting and its importance in investment decision-making.

Apply net present value (NPV) and internal rate of return (IRR) methods to evaluate investment opportunities.

Calculate and interpret the payback period for investments.

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Definitions:

Profits Test

A criterion used to evaluate the profitability of a business or investment, often assessing whether revenues exceed costs or expenses to determine financial viability.

Assets Test

A financial measure used to determine eligibility for certain government benefits based on the value of one's assets.

Profit Test

A determination to assess the viability and profitability of a project or investment by comparing costs against potential benefits.

Reportable Segments

Parts of a business that have separate financial information available, which can be evaluated regularly by the company's chief operating decision-maker in deciding how to allocate resources and in assessing performance.