Provide an Appropriate Response

question 62

Multiple Choice

Provide an appropriate response.
-License plates are made using 3 letters followed by 3 digits. How many plates can be made if repetition of letters and digits is allowed?

• A) 308,915,776
• B) 1,757,600
• C) 1,000,000
• D) 175,760
• E) 17,576,000

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Definitions:

Retained Earnings

Retained earnings are the portion of a company's profits that is kept or retained rather than being paid out as dividends to shareholders, often reinvested in the business or used to pay off debt.

Notes Payable

A financial liability representing a written promise to pay a specific sum of money on a specified future date.

Accounts Payable

A liability account that tracks money owed by a business to suppliers or creditors for goods and services received.