A corporation receives payment for a large contract on July 1, bringing its cash reserves to $2.3

Question:

A receives payment for a large contract on July 1, bringing its cash reserves to $2.3 million. Let y denote its cash reserves (in millions) t days after July 1. The corporation's accountants estimate that y and t will be related by the equation y = 2.3 - .15t.
(a) Graph the equation y = 2.3 - .15t.
(b) How much cash does the have on the morning of July 16?
(c) Determine the y-intercept of the graph. Explain its significance.
(d) Determine the t-intercept of the graph. Explain its significance.
(e) Determine the cash reserves on July 4.
(f) When will the cash reserves be $.8 million?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...