Escalating Energy Costs Have Made Efficiency an Important Consideration in Determining

question 6

Multiple Choice

Escalating energy costs have made efficiency an important consideration in determining which adjustable________________ is best suited for a specific application.

• A)accelerating relay
• B)voltage control
• C)current sensor
• D)speed controller

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Unearned Rent

Income received by a landlord for rent that has been paid in advance, which is considered a liability until the period it pertains to occurs.

Income Summary

Income Summary is an account to which all income statement accounts are transferred at the end of an accounting period to calculate the net profit or loss.

General Ledger

The main accounting record of a company that uses double-entry bookkeeping, containing all the financial accounts and statements.