Suppose a Plumber Charges $160 for the First Hour Plus $160 + 70 n$

question 219

Multiple Choice

Suppose a plumber charges $160 for the first hour plus $70 for each additional hour. Write an expression for the cost (in dollars) of a job lasting n hours.

• A) \(160 + 70 n\)
• B) \(160 + 70 ( n - 1 )\)
• C) \(160 \cdot 70 ^ { \mathrm { n } - 1 }\)
• D) \(230 \mathrm { n }\)

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Definitions:

Dividends Paid

Dividends paid are the portion of a company's earnings distributed to its shareholders, typically in the form of cash payments or additional shares.

Dividend Payout Ratio

A financial ratio that shows the percentage of earnings a company pays to its shareholders in the form of dividends.

Internal Growth Rate

The maximum rate at which a company can expand its operations using only internally generated funds, without resorting to external financing.

ROE

Return on Equity is an indicator of a company's profitability, demonstrating the amount of profit generated from the shareholders' investments.