You Are a Single Parent of Two Children Who Are

question 254

Multiple Choice

You are a single parent of two children who are 7 and 9 years old.You have noticed that both of them are starting to look like they are gaining weight.According to the text,what is the most important thing that you can do to insure that they will not become overweight or obese?

• A)prepare healthy foods for meals
• B)never let them eat desserts
• C)increase their activity levels
• D)allow them to snack while playing video games

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Definitions:

Ignores Salvage Value

This term refers to the accounting practice where the potential residual value of an asset at the end of its useful life is not considered in depreciation calculations.

Straight-line Method

A method of calculating depreciation by evenly spreading the cost of an asset over its expected useful life.

Double Declining-balance

An accelerated depreciation method that counts the expense twice as fast as the straight-line method, reducing the value of an asset more quickly.

Net Income

The amount of profit left after all expenses, taxes, and costs are subtracted from a company’s total revenue; synonymous with net profit.