A Parallel of Latitude

question 7

Multiple Choice

A parallel of latitude

• A)is used to measure distances east and west of the equator.
• B)measures longitude.
• C)is called a meridian.
• D)is used to measure distances north or south of the equator.
• E)is a line which passes through both poles.

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Definitions:

Net Present Value

A method used in capital budgeting to assess the profitability of an investment or project, by calculating the difference between the present value of cash inflows and outflows over a period of time.

Salvage Value

The predicted price that an asset will fetch when it is sold at the conclusion of its usable life.

Working Capital

The difference between a company's current assets and current liabilities, representing the liquidity available to run its operations.

Contribution Margin

The amount by which the sale of a product or service exceeds its variable costs, used to cover fixed costs and generate profit.