Based on the Table Below, What Is the Maximum Amount

question 65

Multiple Choice

Based on the table below, what is the maximum amount of profit this firm could earn? $$\begin{array} { c c c } \mathrm { Q } & \mathrm { P } & \mathrm { TC } \\\hline 40 & \$ 80 & \$ 2,500 \\41 & \$ 79 & \$ 2,510 \\42 & \$ 78 & \$ 2,530 \\43 & \$ 77 & \$ 2,560 \\44 & \$ 76 & \$ 2,600\end{array}$$

• A)$746
• B)$751
• C)$2,560
• D)$3,311
• E)$3,344

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Definitions:

Accounts Receivable

Represents money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period, usually one year.

General Journal

A primary accounting record used to track all financial transactions of a business, entered in chronological order.

Office Supplies

Consumable items used in an office setting, such as paper, pens, and office equipment.