When a Warning Ribbon Is Required to Mark the Location

question 34

Multiple Choice

When a warning ribbon is required to mark the location of buried underground service conductors, it must be placed at least __________ inches above the buried conductors.

• A) 8
• B) 12
• C) 18
• D) 24

---

Definitions:

Unearned Interest: Leases

Interest that has been collected on a lease but not yet earned, often because the period it covers has not fully elapsed.

Present Value Factors

Numeric factors used in calculating the present value of future cash flows, reflecting the time value of money.

Interest Revenue

Income earned from investments in interest-bearing assets like bonds, loans, and savings accounts.

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term for a price significantly lower than the expected fair market value.