Diane Is 26 Years Older Than Her Daughter Amy

question 285

Multiple Choice

Diane is 26 years older than her daughter Amy. In 6 years Diane will be twice as old as Amy. How old are they now?

• A)Diane is 44; Amy is 18
• B)Diane is 42; Amy is 16
• C)Diane is 48; Amy is 22
• D)Diane is 52; Amy is 26
• E)Diane is 46; Amy is 20

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Definitions:

Net Cash Values

The amount of cash that could be received if a policy, such as life insurance, is surrendered to the company issuing the policy before its maturity or the insured event occurs.

Historical Relationships

The examination of past relationships among financial variables and their trends over time, used in forecasting and financial analysis.

Actual Bad Debts

Debts that have been specifically identified as uncollectible, following efforts to collect and evidence that repayment is unlikely.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.