Question

Suppose that an insurance company’s monthly earnings can be estimated using the given formula: E = QP – AC – V. Use the formula to answer the following question: Q = 1,550, P = $148.50, A = 24, C = $2,500, and V = $215,000. What are the monthly earnings? Show a loss in parentheses as ($23100) and break even at $0, for example.

A.($44825)
B. ($32568)
C. $32568
D. $44825

Answer 1

E = QP - AC - V
Q = 1550
P = 148.50
A = 24
C = 2500
V = 215,000
time to sub and solve...
E = (1550)(148.50) - 24(2500) - 215,000...get the calculator out
E = 230175 - 60,000 - 215,000
E = -44825 <=== u have a loss, so ur answer is (44825)...its A