A Franchise Models the Profit from Its Store as a Continuous

question 169

Multiple Choice

A franchise models the profit from its store as a continuous income stream with a monthly rate of flow at time t given by (dollars per month) . When a new store opens, its manager is judged against the model, with special emphasis on the second half of the first year. Find the total profit for the second 6-month period to . Round your answer to the nearest dollar. ​

• A) $61,831
• B) $51,679
• C) $40,973
• D) $30,821
• E) $46,232

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Definitions:

Balance Sheet

An account statement depicting the financial position of a company through its assets, obligations, and equity of shareholders at a certain time.

Revenue

The total amount of income generated by the sale of goods or services related to a company’s primary operations.

Cash

Currency and coins that are legal tender, including money deposited in checking accounts and obtainable on demand.

Income Statement

A financial statement that shows a company's revenues and expenses, culminating in the net income for a specific period.