An Inlet Pipe Can Fill a Tank in 8 Minutes

question 26

Multiple Choice

An inlet pipe can fill a tank in 8 minutes. A drain can empty the tank in 10 minutes. If the tank is empty and both the pipe and drain are open, how long will it take before the tank overflows?

• A)38 minutes
• B)20 minutes
• C)2 minutes
• D)50 minutes
• E)40 minutes

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Definitions:

APB No.25

An accounting principle that dealt with stock-based compensation and required companies to record an expense for issued options.

Vesting Period

The period of time an employee must work before gaining full access to their benefits or compensation plans, such as pension plans or stock options.

Stock Options

Financial instruments that give employees the right to buy or sell shares of their company at a predetermined price.

Grant Period

The time frame during which certain rights, such as stock options, are awarded to employees and can be exercised.