Marcel must temporarily invest some extra funds in his retail business every fall to purchase inventory in preparation for the Christmas season. On September 1 he already had a total of $57,000 invested in his business. On October 1 he invested another $15,000, and on November 1 he injected $27,000. He was able to withdraw $23,000 on February 1, $13,000 on March 1, and $6,000 on May 1. What was the average cumulative investment in the business during the period from September 1 to August 31? (Assume that each month has the same length.)
Correct Answer:
Verified
Q118: A car with a sticker price of
Q119: 24 is 80% of 40
Q120: The value of (6 × 3 -
Q121: The value of [(30 + 7 ×
Q122: To attract shoppers, retailers occasionally advertise something
Q124: A restaurant owner set her menu prices
Q125: The following grades are from the first
Q126: The town of Simcoe is considering raising
Q127: Jenna bought a car for $42,050.90, which
Q128: Simone's grades and course credits in her
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents