A Car Rental Company at a Major Airport Has 70

question 18

Multiple Choice

A car rental company at a major airport has 70% of its fleet of 200 cars rented each day on average. Cars are rented for an average of 4 days. How many rentals are processed each day on average?

• A) Less than 50 cars per day
• B) More than 50 but less than or equal to 100 cars per day
• C) More than 100 but less than or equal to 150 cars per day
• D) More than 150 but less than or equal to 200 cars per day

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Definitions:

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit of an investment by its cost.

Sales Margin

The difference between the selling price of a product or service and its cost, expressed as a percentage of sales.

Capital Turnover

A ratio that measures the efficiency of a company's use of its capital in generating revenue.

Invested Capital

The total amount of money put into a company by its owners and creditors for use in the business operations, often used as a metric in financial analysis.