Solve the Problem $\mathrm { V }$ , in Dollars, of a Shopkeeper's Inventory Software Program Is

question 60

Multiple Choice

Solve the problem.
-The value $\mathrm { V }$ , in dollars, of a shopkeeper's inventory software program is given by $\mathrm { V } = - 30 \mathrm { t } + 700$ , where $t$ is the number of years since the shopkeeper first bought the program. Graph the equation and then use the graph to estimate the value of the software after 5 years.

• A) \(\$ 540\)
• B) \(\$ 550\)
• C) \(\$ 560\)
• D) \(\$ 700\)

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Definitions:

Excess Inventory

The surplus of stock that exceeds the demand, leading to increased holding costs and potential obsolescence.

Total Cost

The complete sum of all costs associated with the production or provision of goods or services, including fixed and variable costs.

Integer-Multiple

A value that is a whole number multiple of another, often used in contexts like inventory stocking or lot sizing.

Sheets

Pages or layers of material, often referring to paper or spreadsheets used for recording data.