Water Flows into a Swimming Pool at the Rate of 8.0

question 1

Multiple Choice

Water flows into a swimming pool at the rate of 8.0 gal/min.The pool is 16 ft wide,32 ft long and 8.0 ft deep.How long does it take to fill? (1 U.S.gallon = 231 cubic inches)

• A)32 hours
• B)64 hours
• C)48 hours
• D)24 hours

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Definitions:

Marginal Tax Rate

The tax rate that applies to each additional dollar of income earned; the percentage of tax paid on any additional income earned.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which determines its financial leverage.

Pre-tax Cost

The expense associated with a resource or activity before the effect of taxes is considered.

Semi-annually

Occurring twice a year, a term often used in reference to the payment of interest or dividends.