What Is the Amount of Consolidated Net Income for the Year

question 72

Multiple Choice

What is the amount of consolidated net income for the year 2017?

• A) $3,180,000.
• B) $3,612,000.
• C) $3,300,000.
• D) $3,588,000.
• E) $3,420,000.

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Definitions:

Cable Subscribers

Consumers who pay for access to cable television services.

Unit Elasticity

A situation in economics where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified time period.

Price Elasticity

An indicator that shows the degree to which the demand for a product or service fluctuates following a price adjustment.