If a Person Who Weighs 100 Lbs

question 29

Multiple Choice

If a person who weighs 100 lbs. is riding in an elevator and is joined by a person weighing 120 lbs., what happens to the average weight of persons on the elevator?

• A)It falls.
• B)It rises.
• C)It stays the same.

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Definitions:

Semiannually

A period occurring twice a year, typically used in the context of payments, interest accrual, or reporting.

Retired the Bonds

The process by which a company pays off or redeems its outstanding bonds before their maturity date, removing the liability from its balance sheet.

Bond Sinking Fund

A reserved fund established by a corporation or government entity to set aside money over time for the purpose of repaying bonds.

Recorded Interest

The interest that has been accrued or paid on borrowed funds or investments, documented in the financial records.