Solve the Problem. -A License Plate Is to Consist of 2 Letters Followed

question 236

Multiple Choice

Solve the problem.
-A license plate is to consist of 2 letters followed by 3 digits. Determine the number of different license plates possible if repetition of letters and numbers is not permitted.

• A)467,980
• B)468,140
• C)468,000
• D)676,000

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Definitions:

Composite Units

A measure used in accounting to bundle goods or services together for the purposes of inventory management, costing, or sales analysis.

Fixed Costs

Costs that remain constant regardless of a business's operational levels, like lease payments, wages, and coverage fees.

Break-Even Point

The point at which total costs and total sales are equal, resulting in no net loss or gain for the business.

Contribution Margin

The gap between income from sales and variable expenses, which is utilized to pay for fixed expenses and produce earnings.