Use the Following Graph to Answer the Following Questions

question 145

Multiple Choice

Use the following graph to answer the following questions:

-If this is a trading (open) economy,the price of a car will be

• A) $6,000.
• B) $8,000.
• C) $10,000.
• D) $14,000.
• E) $24,000.

---

Definitions:

Total Collection Time

The average duration it takes for a business to collect payments owed by its customers.

Zero-balance Account

A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in an exact amount to cover checks presented.

As-needed Basis

A method or arrangement where resources are utilized or tasks are performed as and when required, rather than on a scheduled or continuous basis.

Cash Management

The process of collecting, managing, and investing a company’s cash and cash equivalents.