Solve the Problem. -Cindy Wants to Secure Sequins on a Piece of Felt

question 66

Multiple Choice

Solve the problem.
-Cindy wants to secure sequins on a piece of felt shaped like a trapezoid with a height of 11 cm and Bases of 14 cm and 8 cm. What is the cost of all the sequins if sequins cost $0.90 per cm² of
Coverage?

• A) $90.00
• B) $39.60
• C) $29.70
• D) $108.90

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Inventory Turnover

An activity ratio that measures the liquidity of the firm’s inventory—how quickly goods are sold and replenished.

Average Collection Period

A measure of how long it takes a firm to convert a credit sale (internal store credit, not credit card sales) into a usable form (cash).

Quick Ratio

A financial metric that measures a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventories.