Question

Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $5,000 cash. What is the total amount spent on purchasing outdoor gear?

1) $5,000
2) $10,000
3) $15,000
4) $20,000

Answer 1

The total amount spent by Great Adventures on purchasing outdoor gear is $5,000 cash. This figure is based solely on the single transaction mentioned and does not involve other potential transactions that might occur over a longer period.

Step-by-step explanation:

The student's question pertains to the total amount spent by Great Adventures on purchasing outdoor gear. If the company spent $5,000 cash to buy items such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment, then the total amount spent is $5,000. There is no need to add or multiply this figure by anything else unless additional information is provided about further transactions.

It is important to consider that in real-world scenarios involving business expenditures, the total quantity spent over a period, such as a year, could result in varied sums due to multiple purchases. These could lead to totals such as $17,147.51 or $27,654.92, depending on the volume and the prices of the products purchased throughout the year.