Determine the Lower and Upper Limits for the Following Values

question 28

Essay

Determine the lower and upper limits for the following values:
a. 8.7 pounds, a baby's weight: __________________and __________________.
b. 6.38 seconds, length of time to respond to a question: __________________ and __________________.
c. 2100 calories, daily caloric intake: __________________and __________________.
d. 52.982 mph, wind speed during a storm: __________________and __________________.

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Definitions:

Net Income

Total revenue minus total expenses, indicating the profit earned by a company in a specific period.

Expenses

Costs incurred in the process of generating revenue, typically categorized as operational costs like rent, salaries, and utilities.

Withdrawals

Funds taken out from a business by the owner(s) for personal use, affecting the owner's equity account.

Owner's Equity Statement

A financial document that details the changes in the owner’s equity of a business over a period of time, including investments, withdrawals, and net income.