Solve the Problem $\mathrm { P } ( \mathrm { x } ) = 0.35 \mathrm { x } - 74$

question 90

Multiple Choice

Solve the problem.
-The function $\mathrm { P } ( \mathrm { x } ) = 0.35 \mathrm { x } - 74$ models the relationship between the number of pretzels $x$ that a certain vendor sells and the profit the vendor makes. Find $\mathrm { P } ( 1000 )$ , the profit the vendor makes from selling 1000 pretzels.

• A) \(\$ 926\)
• B) \(\$ 424\)
• C) \(\$ 350\)
• D) \(\$ 276\)

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Definitions:

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal, used in valuing inventory and accounts receivable for financial reporting.

Write-Off

A write-off involves removing an asset from the financial statements because it is no longer collectible or has no value.

Bank Reconciliation

Bank reconciliation involves the process of matching and comparing the account balance in an entity's financial records to the corresponding information on a bank statement, to ensure accuracy and consistency.

NSF Check

A check that cannot be processed because the writer's account does not have sufficient funds, known as a Non-Sufficient Funds check.