Max Sells for Whatisits Company

question 14

Multiple Choice

Max sells for Whatisits Company.His batting average is by far the highest in the firm - .400.Unfortunately,his average order is the lowest - $3,000.He only saves himself by making a large number of calls per day (5) while working 275 days a year.What is his sales volume for the year?

• A)$ 650,000.
• B)$1,000,000.
• C)$1,500,000.
• D)$1,650,000.
• E)None of these.

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Definitions:

Hedge Fund

An investment fund that employs diversified strategies to achieve high returns, including leverage, derivatives, and short selling.

Local Currency

The currency that is legally accepted in a particular country or jurisdiction, used for the settlement of financial transactions within its borders.

S&P 500

A U.S. stock market index reflecting the market value of 500 major companies with common stock on the NYSE or NASDAQ.

Correlation

A statistical measure that describes the degree to which two variables move in relation to each other.