A Water Tank Can Be Filled in 28 Hours by an Inlet

question 287

Short Answer

A water tank can be filled in 28 hours by an inlet pipe and emptied in 36 hours by an outlet pipe. How long will it take to fill the tank if both pipes are left open? __________ hours

Understand the concept of break-even point in both sales value and unit sales.

Calculate the net operating income based on varying levels of sales, expenses, and changes in sales strategy.

Determine the effects of fixed and variable expenses on profitability.

Analyze the impact of price changes on the required sales volume to maintain or achieve a desired level of profitability.

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Definitions:

Validly Enacted Laws

Laws that have been properly passed and approved by the legislative process, and are therefore legally binding.

Just Law

A legal principle or legislation that is regarded as fair, morally right, and in accordance with ethical standards.

Equitable Remedy

A corrective action ordered by a court that involves doing or refraining from doing something, as opposed to paying damages, to address a legal wrong or a breach of contract.

Equity Courts

Courts that have jurisdiction over cases involving remedies other than monetary rewards, such as injunctions or specific performance, based on fairness.