A Boat on a River Travels 50 Miles Downstream in Only

question 54

Multiple Choice

A boat on a river travels 50 miles downstream in only 5 hours. It takes the same boat 9 hours to travel 18 miles upstream. What are the speed of the boat and the speed of the current?

• A) Speed of boat: 4 miles per hour, speed of current: 6 miles per hour
• B) Speed of boat: 9 miles per hour, speed of current: 5 miles per hour
• C) Speed of boat: 6 miles per hour, speed of current: 4 miles per hour
• D) Speed of boat: 5 miles per hour, speed of current: 5 miles per hour
• E) Speed of boat: 8 miles per hour, speed of current: 5 miles per hour

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Definitions:

Accounting Principles

Fundamental guidelines or rules that underpin the process of accounting, including concepts like the matching principle, revenue recognition, and historical cost.

Short-term Creditors

Lenders or entities from whom a company has borrowed money or resources that are to be repaid within one year.

Liquidity

The ability of an asset to be quickly converted into cash or an entity's capacity to meet its immediate and short-term obligations.

Unusual Items

Non-recurring or uncommon transactions that are outside the usual business operation, which might distort the financial statements if not separately disclosed.