Answer the Following Questions Using the Information Below:
John's 8-Year-Old

question 55

Multiple Choice

Answer the following questions using the information below:
John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $6,000 to make it roadworthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $6,000 cash. Sherry estimated the following costs for the two cars:
$\begin{array}{lrr}&\text { Trail Blazer }&\text { Grand Cherokee }\\\text { Acquisition cost } & \$ 25,000 & \$ 6,000 \\\text { Repairs } & \$ 6,000 & - \\\text { Annual operating costs } & & \\\text { (Gas, maintenance, insurance) } & \$ 2,280 & \$ 2,100\end{array}$
-A relevant revenue is revenue that is a(n) ________.

• A) past revenue
• B) future revenue
• C) in-hand revenue
• D) earned revenue

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Definitions:

Bone Marrow

A soft, spongy tissue found inside bones that is the primary site of new blood cell production or hematopoiesis.

Lungs

Paired respiratory organs in the chest of vertebrates with structures facilitating gas exchange between blood and the atmosphere, primarily for oxygen uptake and carbon dioxide excretion.

Blood Returning

Refers to the process of blood flowing back to the heart after having circulated through the body's organs and tissues.

Left Atrium

The upper left chamber of the heart that receives oxygen-rich blood from the lungs and pumps it into the left ventricle.