The Average North American 5 Year Old Can

question 111

Multiple Choice

The average North American 5 year old can:

• A) write in cursive.
• B) swim without support.
• C) catch a ball.
• D) skate.

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Definitions:

Salvage Value

The estimate of an asset's worth at the end of its useful life.

Average Accounting Return

A financial ratio that measures the net profit of a project or investment as a percentage of its initial cost.

Straight-line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal yearly amounts.

Net Income

The comprehensive earnings of a corporation after expenses and taxes have been taken away from its revenues.