Solve the Problem $\left[\begin{array}{ll}22,000 & 45,000 \\ 19,000 & 27,000\end{array}\right]$

question 73

Multiple Choice

Solve the problem.
-Carney and Dobler sell auto and hazard insurance. Their sales, in dollars, for the months of July and August are given in the following matrices. Auto Hazard
July: $\left[\begin{array}{ll}22,000 & 45,000 \\ 19,000 & 27,000\end{array}\right]$ Carney
August: $\left[\begin{array}{ll}25,000 & 44,000 \\ 14,000 & 21,000\end{array}\right]$ Carney
Find a matrix that gives the increase (decrease) in sales by each salesman for each type of insurance from July to August.

• A) \( \left[\begin{array}{rr}-3000 & 1000 \\ 5000 & 6000\end{array}\right] \)
• B) \( [-80007000] \)
• C) \( \left[\begin{array}{rr}3000 & -1000 \\ -5000 & -6000\end{array}\right] \)
• D) \( [8000-7000] \)

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Definitions:

Capital

Resources or assets that are used by a business to generate income and wealth over time, often referred to as the net worth of the business.

Revenue

The overall income obtained through the sales of products or services, which are integral to a company's principal operations.

Depreciation Expense

The allocated amount of an asset's cost expensed over its useful life to account for its decrease in value.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting its loss of value over time.