Solve the Problem. -A Gas Station Sells 4820 Gallons of Regular Unleaded Gasoline

question 162

Multiple Choice

Solve the problem.
-A gas station sells 4820 gallons of regular unleaded gasoline on a day when they charge $1.35 per gallon, whereas they sell 3850 gallons on a day that they charge $1.40 per gallon. Find a linear function that expresses
Gallons sold as a function of price.

• A)G(p)= -19,400p + 30,988.2
• B)G(p)= -19,400p + 31,026
• C)G(p)= -19,400p + 31,010
• D)G(p)= -19,400p + 30,993.8

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Definitions:

Weighted Average

A calculation that takes into account the varying weights or importance of different elements in a data set, often used in accounting and inventory management.

Inventory Units

The quantity of individual items or products that a company holds in stock at any given time.

Cost Flow Assumption

An accounting method used to value the cost of goods sold and ending inventory.

Specific Identification

Specific Identification is an inventory valuation method where costs are assigned to individual items, allowing for precise cost determination of sold goods.