Solve the Problem and Answer the Question

question 81

Multiple Choice

Solve the problem and answer the question.
-A barge takes 6 hours to move (at a constant rate) downstream for 60 miles, helped by a current of 2 miles per hour. If the barge's engines are set at the same pace, find the time of its return trip against the current.

• A) 8 hr
• B) 10 hr
• C) 120 hr
• D) 6 hr

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Definitions:

Bonds Payable

A long-term liability account that represents the amount owed by an entity to bondholders, to be repaid at a future date.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, reflecting its decrease in value over time.

Net Income

The remaining profit of a corporation once every expense, tax, and additional cost is deducted from the overall revenue.

Amortization Expense

The gradual write-off of the cost of an intangible asset over its useful life.