Solve the Problem How Much Money Was Lost in the Months Described as Financial

question 144

Multiple Choice

Solve the problem.
-Christina made a chart summarizing her shop's financial performance over the past three years. $$\begin{array} { l | c | c } \begin{array} { l } \text { Description } \\\text { of Month }\end{array} & \begin{array} { l } \text { Number } \\\text { of Months }\end{array} & \begin{array} { l } \text { Average Monthly } \\\text { Income or Loss } \\\text { (in hundreds of dollars) }\end{array} \\\hline \text { Excellent } & 6 & + \$ 18 \\\text { Good } & 9 & + \$ 5 \\\text { Neutral } & 15 & \$ 0 \\\text { Poor } & 4 & - \$ 1 \\\text { Very poor } & 2 & - \$ 4\end{array}$$ How much money was lost in the months described as "Poor"?

• A)$4500
• B)$10,800
• C)$800
• D)$400

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Definitions:

Paid-In Capital

The sum of funds a corporation has obtained from its investors through the sale of stock shares.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of the corporation's profits and assets.

Excess Of Par

The amount by which the sale price of a share of stock exceeds its par value, often recorded as additional paid-in capital on the balance sheet.

Cash Dividend

A cash dividend is a payment made by a company out of its earnings to shareholders, usually in the form of cash.