Estimate the Value of the Quantity Give the Upper Estimate for the Number of Gallons Lost

question 63

Multiple Choice

Estimate the value of the quantity.
-A swimming pool has a leak. The leak is getting worse. The following table gives the leakage rate every 6 hours.
$\begin{array}{c|c}\begin{array}{c}\text { Time } \\\text { (hr) }\end{array} & \begin{array}{c}\text { Leakage } \\\text { (gal/hour) }\end{array} \\\hline 0 & 0 \\6 & 0.6 \\12 & 1.3 \\18 & 1.9 \\24 & 3.0 \\30 & 4.5 \\36 & 5.9 \\42 & 7.0 \\48 & 8.1\end{array}$

Give the upper estimate for the number of gallons lost.

• A) 193.8 gallons
• B) 32.3 gallons
• C) 145.2 gallons
• D) 253.8 gallons

Recognize the key stakeholders in financial statement analysis and their interests.

Apply the concept of common size financial statements to real financial data.

Analyze and interpret liquidity ratios.

Differentiate between return on assets and return on equity in measuring firm profitability.

---

Definitions:

July Futures Contract

A standardized, legal agreement to buy or sell a commodity or financial asset at a predetermined price at a specified time in July.

Settle Price

The official price at the end of a trading session on a futures exchange, used for calculations of margin and account balances.

Option Premium

The price paid for the rights granted by an options contract, not considering the actual trading of the underlying asset.

June 550 Call

An options contract granting the holder the right, but not the obligation, to buy an underlying asset at a predetermined price of 550 units, expiring in June.