If the Population of Dodge City Is Decreasing at a Rate

question 121

Multiple Choice

If the population of Dodge City is decreasing at a rate of 19% per year, how long will it take to decrease from 7,700 to 2,000?

• A) 7.75 years
• B) 6.4 years
• C) 9.6 years
• D) 5.8 years
• E) 4.9 years

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Definitions:

Total Operating Capital

The sum of all capital employed in a company’s daily operations, including inventory, accounts receivable, and fixed assets.

Tax Liability

The total amount of tax that individuals or businesses are legally obligated to pay to tax authorities.

Income from Operation

A company's earnings before interest and taxes (EBIT), representing the profit from ongoing, core business activities.

Dividends

Payments made by a corporation to its shareholders, typically from profits.