A Rectangular Plot of Ground Is to Be Fenced in So

question 47

Short Answer

A rectangular plot of ground is to be fenced in so that it has an area of 15,000 square feet.The plot is to be divided in half with a fence parallel to one pair of sides.Find the dimensions of the plot if the least amount of fencing is to be used.

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Definitions:

Quick Assets

Highly liquid assets, including cash, accounts receivable, and marketable securities, which can be quickly converted into cash.

Short-Term Investments

Short-term investments are financial assets that are expected to be converted into cash within one year and are typically used by firms to manage surplus cash efficiently.

Current Receivables

Short-term financial assets that are due to be received within one year, typically from customers who owe the company money for goods or services provided.

Quick Ratio

A liquidity measure that indicates a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory.