The Get-There-Safe Bus Company Incurs an Average Cost of $45

question 7

Multiple Choice

The Get-There-Safe Bus company incurs an average cost of $45 for each passenger it carries on its trip from Atlanta to Chattanooga.In advance of a particular trip,four seats remain unsold.The bus company could increase its profit only if it

• A)charged any ticket price above $0 for the four remaining seats.
• B)charged at least $11.25 for each of the four remaining seats.
• C)charged at least $45 for each of the four remaining seats.
• D)paid four people to occupy the four remaining seats.

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Definitions:

Consolidation

Consolidation involves combining the financial statements of multiple subsidiary entities into those of a single parent entity, providing a unified view of financial performance and position.

Patent Account

An accounting record that reflects the value of patents a company owns, including costs associated with obtaining and protecting these intellectual properties.

Unamortized Patent

The portion of a patent's purchase cost that has not yet been expensed in the company's financial statements over the patent's useful life.