The Following Table Shows the Amount Spent, in Billions of Dollars

question 52

Multiple Choice

The following table shows the amount spent, in billions of dollars, on recreational boats and accessories in the United States during the period 1999-2001. (Let S be the set of all dollars represented in the table.) Compute the cardinality of the set described as $$n ( N \cap C )$$ . $$\begin{array} { | l | l | l | l | l | } \hline & \text { Used Boats, } \boldsymbol { U } & \text { New Boats, } \boldsymbol { N } & \text { Accessories, } \boldsymbol { R } & \text { Total } \\\hline \mathbf { 1 9 9 9 , } , \boldsymbol { A } & 7 & 5 & 2 & 14 \\\hline \mathbf { 2 0 0 0 } , \boldsymbol { B } & 7 & 7.5 & 3 & 17.5 \\\hline \mathbf { 2 0 0 1 } , \boldsymbol { C } & 6 & 9 & 4 & 19 \\\hline \text { Total } & 20 & 21.5 & 9 & 50.5 \\\hline\end{array}$$

• A)6
• B) 21.5
• C) 19
• D) 5
• E) 9

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Definitions:

Balance Sheet

A financial record that itemizes a company's assets, liabilities, and the equity of its shareholders at a certain moment in time.

Delivery Truck

A vehicle used by companies to transport goods from warehouses to retail locations or directly to consumers.

Adjusting Entries

Entries compiled at the termination of an accounting interval aiming to apportion income and expenditure to their rightful temporal occurrence.

Trial Balance

A financial spreadsheet where the totals of all ledger balances are gathered into columns for debits and credits, ensuring these totals match.