If the Polishing Division Sells 100,000 Pairs of Shoes at a Price

question 50

Multiple Choice

If the Polishing Division sells 100,000 pairs of shoes at a price of $120 a pair to customers,what is the operating income of both divisions together?

• A) $8,800,000
• B) $6,800,000
• C) $6,000,000
• D) $5,200,000

---

Definitions:

Y-Intercept

The point where a line or curve intersects the y-axis of a coordinate system.

Vertical Spread

A strategy in options trading that involves purchasing and selling of two options of the same type and expiration date but different strike prices.

Data Points

Individual values or measurements that are collected through observation and are represented in a data set.

Regression Analysis

A statistical method used for estimating the relationships among variables.