Asked by Danielle Cummins on Jul 27, 2024
Verified
If your receipts for 4 months add up to $200,000,what is your average monthly gross production?
A) $800,000
B) $160,000
C) $50,000
D) $200,000
Gross Production
The total output of a company or economy without deducting any costs or losses.
Monthly
Occurring, produced, or published every month.
- Implement accounting equations to assess the financial well-being and output of an enterprise.
Verified Answer
BH
Bryce Hampton
Jul 27, 2024
Final Answer :
C
Explanation :
To find the average monthly gross production, divide the total receipts by the number of months: $200,000 / 4 months = $50,000.
Learning Objectives
- Implement accounting equations to assess the financial well-being and output of an enterprise.