Use the Accompanying Figure

question 6

Multiple Choice

$\begin{array}{lcl}\text { Item } & \text { Quantity } & \text { Cost } \\5 / 8 \text {-inch hose } & 30 \text { inches } & \$ 1.25 \text { per foot } \\3 / 4 \text {-inch hose } & 24 \text { inches } & \$ 1.35 \text { per foot } \\5 / 8 \text {-inch hose clamps } & 2 & \$ 0.84 \text { each } \\3 / 4 \text {-inch hose clamps } & 2 & \$ 0.84 \text { each } \\\text { Thermostat with gasket } & 1 & \$ 5.65 \text { each } \\\text { Pressure cap } & 1 & \$ 4.50 \text { each } \\\text { Upper hose } & 1 & \$ 11.44 \text { each } \\\text { Lower hose } & 1 & \$ 16.53 \text { each } \\\text { Hose clamps } & 4 & \$ 0.98 \text { each }\\\\\text { Labor charges are as follows: }\\\\ \text { Remove, clean, and replace radiator } &&\$ 39.50 \\ \text { Reverse flush block } &&\$ 20.00 \\ \text { Replace heater hoses } &&\$ 10.00 \\ \text { Replace thermostat and cap } &&\mathrm{~N} / \mathrm{C}\end{array}$ Use the accompanying figure. How much does the average mechanic earn in November?

• A) $1,600
• B) $1,700
• C) $1,800
• D) $1,900

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Definitions:

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.

Par Value

The nominal or face value of a bond, share of stock, or other security, typically set at the time of issuance and used to calculate dividends or interest.

Market Price

The current price at which an asset or service can be bought or sold in the open market.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities.