Solve the Problem $y$ , to Build an Oil Platform Of $x$

question 602

Multiple Choice

Solve the problem. Round to two decimal places unless otherwise indicated.
-Suppose the cost per ton, $y$ , to build an oil platform of $x$ thousand tons is approximated by $y =$ $\frac { 212,500 } { x + 425 }$ . What is the cost per ton for $x = 400 ?$

• A) \(\$ 200,000.00\)
• B) \(\$ 257.58\)
• C) \(\$ 106.25\)
• D) \(\$ 103,030.30\)

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Definitions:

Adjusting Entries

At the close of an accounting period, journal entries are made to apportion income and spending to the timeframe in which they legitimately took place.

Prepaid Insurance

Payments made in advance for insurance coverage, recorded as an asset on the balance sheet until the coverage period elapses.

Adjusting Entries

Entries in accounting made at the period's end to assign earnings and costs to their respective actual periods.

Income Statement Accounts

Accounts found on the income statement, which report a company’s financial performance over a specific period, including revenues, expenses, gains, and losses.