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Updated on: 07 May 2024, 10:57
Originally posted by prateekchugh on 16 Dec 2020, 08:52.
Last edited by Bunuel on 07 May 2024, 10:57, edited 18 times in total.
Last edited by Bunuel on 07 May 2024, 10:57, edited 18 times in total.
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Fairview had both the lowest profits and the lowest profit margin (profit/revenue) of any displayed city during the second quarter.: No
Of the four cities with the fewest stores, only one saw profits decrease across each of the 4 quarters.: Yes
The city with the greatest dollar increase in revenues between the first and fourth quarters increased profits over the same period by more than $25,000,000.: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
75%
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Question Stats:
64% (03:39) correct
36%
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wrong
based on 874
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FillerUp Fuels, is a regional fueling and convenience store chain that operates 389 stations in 31 cities. Quarterly revenues and profits are given in thousands of US dollars
For each of the following statements, select Yes if the statement can be shown to be true using the information provided. Otherwise, select No.
(Sort ↕ the table by clicking on the headers)
Capture.PNG [ 30.14 KiB | Viewed 9274 times ]
For each of the following statements, select Yes if the statement can be shown to be true using the information provided. Otherwise, select No.
City and Stores | First Quarter (Q1) | Second Quarter (Q2) | Third Quarter (Q3) | Fourth Quarter (Q4) | |||||
| City | Stores | Revenues | Profits | Revenues | Profits | Revenues | Profits | Revenues | Profits |
|---|---|---|---|---|---|---|---|---|---|
| Auburn | 12 | 18088 | 10944 | 31292 | 8649 | 31292 | 5113 | 18149 | 9038 |
| Fairview | 9 | 14750 | 4898 | 5015 | 1130 | 1856 | 728 | 1707 | 719 |
| Greenwood | 17 | 20797 | 8002 | 9982 | 1627 | 3594 | 2071 | 2731 | 1071 |
| Lexington | 10 | 12614 | 2405 | 6685 | 1681 | 11632 | 6383 | 19775 | 3936 |
| Milford | 13 | 12407 | 2625 | 18362 | 8400 | 19647 | 10574 | 13949 | 3529 |
| Milton | 5 | 19266 | 3880 | 23119 | 11475 | 23581 | 9227 | 22874 | 10579 |
| Mt Pleasant | 20 | 23047 | 11672 | 7145 | 1433 | 3715 | 1859 | 2192 | 344 |
| Oak Grove | 5 | 6753 | 2848 | 4457 | 2095 | 1738 | 1017 | 1512 | 731 |
| Portsmouth | 23 | 20681 | 6004 | 36192 | 12972 | 61165 | 16254 | 83796 | 35453 |
| Springfield | 6 | 17392 | 5809 | 13566 | 3852 | 17500 | 8834 | 6475 | 2971 |
| Wilmington | 17 | 25560 | 15361 | 31184 | 17303 | 32119 | 14781 | 11884 | 4494 |
| York | 4 | 7228 | 3908 | 5421 | 1945 | 4012 | 1631 | 6098 | 2170 |
Attachment:
Capture.PNG [ 30.14 KiB | Viewed 9274 times ]
| Yes | No | |
| Fairview had both the lowest profits and the lowest profit margin (profit/revenue) of any displayed city during the second quarter. | ||
| Of the four cities with the fewest stores, only one saw profits decrease across each of the 4 quarters. | ||
| The city with the greatest dollar increase in revenues between the first and fourth quarters increased profits over the same period by more than $25,000,000. |
ShowHide Answer
Official Answer
Fairview had both the lowest profits and the lowest profit margin (profit/revenue) of any displayed city during the second quarter.: No
Of the four cities with the fewest stores, only one saw profits decrease across each of the 4 quarters.: Yes
The city with the greatest dollar increase in revenues between the first and fourth quarters increased profits over the same period by more than $25,000,000.: Yes
05 Oct 2022, 23:16
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Quote:
Lowest profits => Yes. No other city has profits lower than 1130.
Lowest profit margins => No. PM of Fairview is 11/50 = 22%, whereas the PM of Greenwood, which is right below Fairview, is 1.6/10 = 16%.
So, No.
Quote:
Milton => 5 stores => Always decreasing profits? No. Profit has increased from Q1 to Q2.
Oak => 5 stores => Always decreasing profits? No. Profit has increased from Q3 to Q4.
Springfield => 6 stores => Always decreasing profits? Yes. Profit has decreased throughout the year.
York => 4 store => Always decreasing profits? No. Profit has increased from Q1 to Q2.
Only one out of four cities with the fewest stores saw declining profits throughout the year. So, Yes.
Quote:
Portmouth's revenue increase is the highest and its profit increase is 35k - 6k = 29k * 1000 > 25k * 1000.
So, Yes.
