Question

Yellowstone Co. has the following information available:

Year 2020: Sales S = $20 M, Assets A* = $15 M, N/P = $1 M, A/P = $2 M, Accruals = $1 M, and Profit margin PM = 5%, payout = d = 60%
what’s the maximum 2021 sales Yellowstone can support without having to raise external funds?
A. $21.05 M
B.$26.69 M
C.$20.69 M
D.None of the others is correct

Answer 1

Yellowstone National Park was closed in October 2013 due to the United States government shutdown. All national parks were affected, marking the reason for the park's closure as a qualitative description of its operating status.

Step-by-step explanation:

The question pertains to Yellowstone National Park which is a widely recognized national park primarily located in Wyoming, USA. It seems the student is asking why the park was closed in October 2013. The closure of Yellowstone Park in October 2013 was due to the United States government shutdown that affected all national parks and federal services.

During this period, many federal employees were furloughed, and nonessential services, including national parks, were temporarily closed. This is a qualitative description as it describes a circumstance without using numerical data. Qualitative descriptions are generally about the characteristics or qualities of something, rather than quantities or numerical values. So in this context, whether Yellowstone Park was open or closed provides qualitative information about the park's operating status during the government shutdown.