Solve the Problem. -A Shipping Company Has Determined That Their Drivers in Montana

question 145

Multiple Choice

Solve the problem.
-A shipping company has determined that their drivers in Montana on average travel 80 miles on a single delivery route for mail order products. This is five times the distance of an average route for
Their drivers in New Jersey. How far, on average, is the route in New Jersey?

• A)160 mi
• B)400 mi
• C)16 mi
• D)80 mi

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Definitions:

Firm

A business organization, such as a corporation or partnership, engaged in commercial, industrial, or professional activities.

Accounting Profits

The net income for a company calculated by subtracting total expenses from total revenues, according to standard accounting practices.

Economic Profits

The gap between a company's overall income and its combined explicit and implicit expenses.

Sales

Transactions involving the exchange of goods or services for money.