A Lawn-And-Garden Store Sells Three Types of Fertilizer in 50-Pound $Selling~ Price~~~ Profit$

question 48

Multiple Choice

A lawn-and-garden store sells three types of fertilizer in 50-pound bags: Feed & Weed,Winterizer Blend,and 17-17-17.The number of bags that were sold last weekend is represented by A. The selling price per bag and the profit per bag for the three types of fertilizer are represented by B (values are in dollars) .​ $Selling~ Price~~~ Profit$
$B = \left[ \begin{array} { l l } 11.50 & 1.20 \\13.25 & 1.50 \\8.25 & 0.70\end{array} \right] \begin{array} { c } \text { Feed \& Weed } \\\text { Winterizer } \\17 - 17 - 17\end{array}$ Compute AB and interpret the result.

• A) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text{Total~~~~ Total}\) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad~~~~~\text{Revenue~~~ Profit}\) \(A B = \left[ \begin{array} { l l l } 17 & 21 & 24 \\ 20 & 15 & 26 \\ 17 & 15 & 28 \end{array} \right] \left[ \begin{array} { c c } 11.50 & 1.20 \\ 13.25 & 1.50 \\ 8.25 & 0.70 \end{array} \right] = \left[ \begin{array} { c c c } 671.75 & 68.70 \\ 643.25 & 64.70 \\ 625.25 & 62.50 \end{array} \right] \begin{array} { c } \text { Friday } \\ \text { Saturday } \\ \text { Sunday } \end{array}\) ​
• B) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text{Total~~~~ Total}\) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad~~~~~\text{Revenue~~~ Profit}\) \(A B = \left[ \begin{array} { l l l } 17 & 21 & 24 \\ 20 & 15 & 26 \\ 17 & 15 & 28 \end{array} \right] \left[ \begin{array} { c c } 11.50 & 1.20 \\ 13.25 & 1.50 \\ 8.25 & 0.70 \end{array} \right] = \left[ \begin{array} { c c } 671.75 & 68.70 \\ 643.25 & 64.70 \\ 62.50 & 625.25 \end{array} \right] \begin{array} { c } \text { Friday } \\ \text { Saturday } \\ \text { Sunday } \end{array}\)
• C) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text{Total~~~~ Total}\) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad~~~~~\text{Revenue~~~ Profit}\) \(A B = \left[ \begin{array} { l l l } 17 & 21 & 24 \\ 20 & 15 & 26 \\ 17 & 15 & 28 \end{array} \right] \left[ \begin{array} { c c } 11.50 & 1.20 \\ 13.25 & 1.50 \\ 8.25 & 0.70 \end{array} \right] = \left[ \begin{array} { c c } 68.70 & 671.75 \\ 643.25 & 64.70 \\ 625.25 & 62.50 \end{array} \right] \begin{array} { c } \text { Friday } \\ \text { Saturday } \\ \text { Sunday } \end{array}\)
• D) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text{Total~~~~ Total}\) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad~~~~~\text{Revenue~~~ Profit}\) \(A B = \left[ \begin{array} { l l l } 17 & 21 & 24 \\ 20 & 15 & 26 \\ 17 & 15 & 28 \end{array} \right] \left[ \begin{array} { c c } 11.50 & 1.20 \\ 13.25 & 1.50 \\ 8.25 & 0.70 \end{array} \right] = \left[ \begin{array} { c c } 68.70 & 671.75 \\ 64.70 & 643.25 \\ 62.50 & 625.25 \end{array} \right] \begin{array} { c } \text { Friday } \\ \text { Saturday } \\ \text { Sunday } \end{array}\)
• E) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text{Total~~~~ Total}\) \(\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad~~~~~\text{Revenue~~~ Profit}\) \(A B = \left[ \begin{array} { l l l } 17 & 21 & 24 \\ 20 & 15 & 26 \\ 17 & 15 & 28 \end{array} \right] \left[ \begin{array} { c c } 11.50 & 1.20 \\ 13.25 & 1.50 \\ 8.25 & 0.70 \end{array} \right] = \left[ \begin{array} { c c } 671.75 & 68.70 \\ 64.70 & 643.25 \\ 625.25 & 62.50 \end{array} \right] \begin{array} { c } \text { Friday } \\ \text { Saturday } \\ \text { Sunday } \end{array}\)

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Definitions:

Intra-entity Gross Profit

Profits resulting from transactions within or between entities under common control, not recognized in consolidated financial statements until realized externally.

Consolidation Reporting

The financial reporting process that aggregates the results of multiple entities within a single set of statements, reflective of a group as a single economic entity.

Noncontrolling Interest

An ownership interest in a corporation where the stake does not offer majority voting rights, and the interest lies in the shares of subsidiaries not wholly owned by the parent.

Intra-entity Asset Transfers

Transactions involving the transfer of assets between divisions or units within the same entity.