Refer to Table 6

question 29

Multiple Choice

$$\begin{array}{l}\begin{array} { c | c | c } \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Supplied }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} \\\hline \$ 0 & 0 & 300 \\\$ 1 & 10 & 250 \\\$ 2 & 50 & 180 \\\$ 3 & 90 & 150 \\\$ 4 & 120 & 120 \\\$ 5 & 150 & 90 \\\$ 6 & 180 & 50\end{array}\\\text { Table } 6.1\end{array}$$ Refer to Table 6.1,which gives the daily supply and demand schedules for cups of coffee at a kiosk in a shopping mall.If the government places a $4 per cup tax on coffee,how many cups of coffee will be bought and sold after the tax is imposed?

• A) 50.
• B) 90.
• C) 120.
• D)150.

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Definitions:

Accounts Receivable Turnover

A financial metric that measures how frequently a company collects its average accounts receivable over a period, indicating the efficiency of credit policies.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects debt from its customers over a period.

Financial Data

Financial data encompasses information on a company's financial performance, including income statements, balance sheets, cash flow statements, and ratios, used for analysis and decision-making.

Year

A period of approximately 365 days used for calculating time in most of the world, divided into 12 months.