Sally Has Been Running the Following Number of Ads in the Local

question 40

Short Answer

Sally has been running the following number of ads in the local newspaper to help attract customers into her store. She has also been keeping track of customers who have come into the store as a result of the ads, as well as the amount of money they spend.
This is the data from the last 4 weeks:
$$\begin{array} { c c } \text { Number of ads } & \text { Increased sales } \\\hline 16 & 330 \\12 & 270 \\18 & 380 \\14 & 300 \\\hline\end{array}$$
-Determine the equation that relates ads and increased sales.

Understand the basic financial statements and their components.

Comprehend the concept of risk and return in investments.

Identify the calculation and interpretation of return on assets.

Recognize the principles of financial accounting and reporting.

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Definitions:

Unlimited Wants

The economic concept that human desires and needs are infinite and vary in intensity, contrasting with limited available resources.

Normative

In economics and philosophy, refers to statements or propositions that express values, ethics, or moral prescriptions, indicating how things ought to be.

Positive

Characterized by or indicating the presence or affirmative action of a feature, condition, or outcome.

Tax

A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.