If There Are 20 Manufacturers and 500 Retailers,and 15 Transactions

question 56

Multiple Choice

If there are 20 manufacturers and 500 retailers,and 15 transactions are made per year at a cost of $200 per transaction,calculate the total number of transactions.

• A)150,000 transactions per year
• B)200,000 transactions per year
• C)250,000 transactions per year
• D)300,000 transactions per year
• E)350,000 transactions per year

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Definitions:

Outstanding Balances

The total amount of money owed that has not yet been paid.

Credit Card

A plastic card issued by a bank allowing the cardholder to borrow funds at the point of sale, which are to be repaid with interest.

Barter

The direct exchange of goods or services between parties without the use of money.

Subscapular Fossa

A shallow depression on the anterior surface of the scapula, covered by the subscapularis muscle.