The Cost of Sending an Overnight Package from Los Angeles

question 37

Multiple Choice

The cost of sending an overnight package from Los Angeles to Miami is $25.00 for a package weighing up to but not including 1 pound and $3.50 for each additional pound or portion of a pound.Use the greatest integer function to create a model for the cost C of overnight delivery of a package weighing x pounds,x > 0. ​

• A)​C = 25.00 - 3.50[[x]],x > 0
• B)​C = 25.00 + 3.50[[x]],x > 0
• C)​C = -25.00 + 3.50[[x]],x > 0
• D)​С = -25.00 - 3.50 [[x]],x > 0
• E)​C = 25.00[[x]] + 3.50,x > 0

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Definitions:

Interest Expense

The charge an entity incurs for using borrowed capital over a set period.

Interest Payable

The amount of interest expense that has accumulated but has not been paid by the end of the accounting period.

360-Day Year

An accounting assumption that a year consists of 360 days, which simplifies interest calculation by assuming each month has 30 days.

Warranty Expense

Costs a company incurs due to honoring a product warranty, covering repair and replacement of faulty products.