The Cost of a Rental Car for the Weekend Is $$C ( x ) = 146 + 0.25 x$$

question 63

Multiple Choice

The cost of a rental car for the weekend is given by the function C(x) $$C ( x ) = 146 + 0.25 x$$ , where x is the number of miles driven. Find the slope of the graph of this function and interpret it as a rate of change.

• A) 0.25; The cost of the rental car decreases by $0.25 for each mile driven.
• B) 146; The cost of the rental car increases by $146 for each mile driven.
• C) 146; The cost of the rental car decreases by $0.25 for each mile driven.
• D) 0.25; The cost of the rental car increases by $0.25 for each mile driven.

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Definitions:

Interest On Debt

The cost incurred by an entity for borrowing funds, which is paid as a fee over time to the lender.

Liquidity

The ease with which assets can be converted into cash, indicating the financial health and operational efficiency of a business.

Receivables Ratio

A financial metric used to assess how efficiently a company uses its assets, particularly measuring how many times a company collects its average receivables within a certain period.

Vertical Analysis

An accounting method where each entry in a financial statement is listed as a percentage of another item, facilitating ratio analysis and comparisons.