Provide an Appropriate Response $\begin{array} { l l l l l } \$ 206,000 & \$ 214,000 & \$ 234,000 & \$ 204,000 & \$ 1,284,000\end{array}$

question 84

Multiple Choice

Provide an appropriate response.
-The cost of five homes in a certain area is given. $\begin{array} { l l l l l } \$ 206,000 & \$ 214,000 & \$ 234,000 & \$ 204,000 & \$ 1,284,000\end{array}$ Calculate the midrange.

• A)$540,000
• B)$214,000
• C)$1,080,000
• D)$428,400

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Definitions:

Firm Profits

The financial gain a company receives after subtracting all its costs from its total revenue.

Earnings Ratio

Typically refers to the price-to-earnings (P/E) ratio, which measures a company's current share price relative to its per-share earnings.

Annual Earnings

The total amount of money earned by an individual or entity in one year, often before taxes.