Use the Following to Answer Questions

question 76

Multiple Choice

Use the following to answer questions :
An automobile manufacturer can produce up to 300 cars per day. The profit made from the sale of these vehicles can be modeled by the function , where P(x) is the profit in dollars and x is the number of automobiles made and sold.
-What is the maximum profit?

• A) $98,000
• B) $99,000
• C) $100,000
• D) $101,000

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Definitions:

Closing

The process of finalizing accounts at the end of an accounting period by clearing any balances and summarizing the financial activities.

Revenue Account

An account that records the income generated from a company's primary operations, such as sales of goods or services.

Post-closing Trial Balance

A summary of all the business accounts after the closing entries are made at the end of the accounting period, ensuring the accounts are balanced.

Trial Balance

A summary listing of the titles and balances of accounts in the ledger, which is used to verify that debits equal credits.