Examlex
One of the most efficient engines built so far has the following characteristics:
combustion chamber temperature = 1900°C, exhaust temperature = 430°C, 7.0 × 109 cal of fuel produces 1.4 × 1010 J of work in one hour.
(a) What is the actual efficiency of this engine?
(b) What is the Carnot efficiency of the engine?
(c) What is the power output, in hp, of this engine?
Leveraged Lease
A financing agreement where a lessor borrows funds to purchase an asset, which is then leased to a lessee, with the lease payments ensuring repayment of the loan.
Single Investor Lease
A lease agreement in which a single investor owns the asset and leases it directly to a company, who then has the option to buy the asset at the end of the lease term.
Conditional Sales Agreement Lease
A lease agreement where the lessee has the option to purchase the leased asset at the end of the lease term under agreed-upon conditions.
Financial Leases
Long-term leases that effectively transfer the risks and rewards of ownership from the lessor to the lessee, almost like a loan arrangement.
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