Solve. -Using Data from 2010-2012, the Annual Number of Cars Sold

question 49

Multiple Choice

Solve.
-Using data from 2010-2012, the annual number of cars sold at a certain dealership can be modeled by the formula y = 4x + 3, where y is the number of cars, in thousands, sold x years after 2010. According to this formula, in which years will the number of cars sold exceed 31 thousand?

• A) Years after 2017
• B) Years after 2019
• C) Years after 2021
• D) Years after 2015

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Definitions:

Cash Flows

The generation and use of cash by a business during a defined period of time, instrumental for assessing the company's liquidity, solvency, and financial flexibility.

Carrying Costs

Expenses associated with holding or storing inventory, including insurance, storage, and loss through obsolescence.

Adjustment Costs

These are expenses incurred by a firm when adjusting its production volume, workforce, or operations, often associated with changing output levels.

Holding Cash

Maintaining a portion of one's assets in cash or cash equivalents to manage risk or for upcoming transactions.