• PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep

In New Zealand, the grape is a long-established crop, bu

This topic has 2 expert replies and 1 member reply
Anaira Mitch Master | Next Rank: 500 Posts
Joined
26 Oct 2016
Posted:
191 messages
Followed by:
3 members
Thanked:
3 times

In New Zealand, the grape is a long-established crop, bu

Post Tue Sep 12, 2017 6:30 pm
In New Zealand, the grape is a long-established crop, but the truffle-an edible fungus that grows on the roots of certain trees-became a commercial crop in the 1980s. The graph represents projected cumulative net income for grape and truffle crops through the end of the year, in thousands of New Zealand dollars per hectare (NZ$1,000/ha), for each of the first 11 years since planting. Cumulative net income is equal to total revenue from crop sales for the years since planting minus total investment costs over those same years.
From each drop-down menu, select the option that creates the most accurate statement about these projections based on the given information.

ttps://postimg.org/image/dfyx8ked1/" target="_blank">

Need free GMAT or MBA advice from an expert? Register for Beat The GMAT now and post your question in these forums!
Anaira Mitch Master | Next Rank: 500 Posts
Joined
26 Oct 2016
Posted:
191 messages
Followed by:
3 members
Thanked:
3 times
Post Wed Sep 13, 2017 10:26 am
Any 1?

Post Wed Sep 13, 2017 11:17 am
Anaira Mitch wrote:
In New Zealand, the grape is a long-established crop, but the truffle-an edible fungus that grows on the roots of certain trees-became a commercial crop in the 1980s. The graph represents projected cumulative net income for grape and truffle crops through the end of the year, in thousands of New Zealand dollars per hectare (NZ$1,000/ha), for each of the first 11 years since planting. Cumulative net income is equal to total revenue from crop sales for the years since planting minus total investment costs over those same years.
From each drop-down menu, select the option that creates the most accurate statement about these projections based on the given information.

ttps://postimg.org/image/dfyx8ked1/" target="_blank">
The first question asks us to find when the cumulative income for truffles was at its lowest level. So we're tracking those black squares. The lowest level appears to be at about -$35,000 at the end of Year 5.

_________________
Veritas Prep | GMAT Instructor

Veritas Prep Reviews
Save $100 off any live Veritas Prep GMAT Course

Thanked by: Anaira Mitch
Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!
Post Wed Sep 13, 2017 11:21 am
Anaira Mitch wrote:
In New Zealand, the grape is a long-established crop, but the truffle-an edible fungus that grows on the roots of certain trees-became a commercial crop in the 1980s. The graph represents projected cumulative net income for grape and truffle crops through the end of the year, in thousands of New Zealand dollars per hectare (NZ$1,000/ha), for each of the first 11 years since planting. Cumulative net income is equal to total revenue from crop sales for the years since planting minus total investment costs over those same years.
From each drop-down menu, select the option that creates the most accurate statement about these projections based on the given information.

ttps://postimg.org/image/dfyx8ked1/" target="_blank">
The second question asks us to project the income for grapes at the end of year 12, assuming that income would grow at the same rate it had from years 8 to 11. So we're tracking those white circles now. In Year 8, it looks like the income for grapes was around -$7000. In Year 11 it looks to be about +$7000, so over the course of four years, we're talking about an increase of $14,000, and a rate of 14,000/4 = $3500/year. If there were a $3500 increase from Year 11 to Year 12, you're looking at income of approximately 7000 + 3500 = $10,500. So whatever option was closest to that value is the one I'd go with.

_________________
Veritas Prep | GMAT Instructor

Veritas Prep Reviews
Save $100 off any live Veritas Prep GMAT Course

Thanked by: Anaira Mitch
Enroll in a Veritas Prep GMAT class completely for FREE. Wondering if a GMAT course is right for you? Attend the first class session of an actual GMAT course, either in-person or live online, and see for yourself why so many students choose to work with Veritas Prep. Find a class now!

Best Conversation Starters

1 LUANDATO 138 topics
2 lheiannie07 91 topics
3 Roland2rule 79 topics
4 AAPL 71 topics
5 swerve 66 topics
See More Top Beat The GMAT Members...

Most Active Experts

1 image description EconomistGMATTutor

The Economist GMAT Tutor

160 posts
2 image description Jay@ManhattanReview

Manhattan Review

128 posts
3 image description GMATGuruNY

The Princeton Review Teacher

125 posts
4 image description Rich.C@EMPOWERgma...

EMPOWERgmat

118 posts
5 image description Brent@GMATPrepNow

GMAT Prep Now Teacher

114 posts
See More Top Beat The GMAT Experts