Understanding ABC Corporation's Earnings Calculation

This question asks us to determine the sum total of earnings for ABC Corporation for a specific period, from 2013 to 2019, using the data provided in Table-I.

Table-I contains the year-wise Sales (in Rs. Billion) and Earnings (in Rs. Million) for ABC Corporation from 2013 to 2020. We need to extract the earnings figures for the years 2013 through 2019 and add them together.

Analyzing Table-I Data for Earnings (2013-2019)

Let's list the earnings for each year from 2013 to 2019 as presented in Table-I:

The task is to calculate the sum of these earnings figures.

Calculating Total Earnings Sum (2013-2019)

To find the sum total of earnings for the period 2013-2019, we add the earnings for each of these years:

Total Earnings &= \text{Earnings}_{2013} + \text{Earnings}_{2014} + \text{Earnings}_{2015} + \text{Earnings}_{2016} + \text{Earnings}_{2017} + \text{Earnings}_{2018} + \text{Earnings}_{2019} \\ &= 500 + 900 + 800 + 400 + 700 + 800 + 700 \text{ (in Rs. Million)} \\ &= (500 + 900) + 800 + 400 + 700 + 800 + 700 \\ &= 1400 + 800 + 400 + 700 + 800 + 700 \\ &= (1400 + 800) + 400 + 700 + 800 + 700 \\ &= 2200 + 400 + 700 + 800 + 700 \\ &= (2200 + 400) + 700 + 800 + 700 \\ &= 2600 + 700 + 800 + 700 \\ &= (2600 + 700) + 800 + 700 \\ &= 3300 + 800 + 700 \\ &= (3300 + 800) + 700 \\ &= 4100 + 700 \\ &= 4800 \text{ (in Rs. Million)}

The sum total of the earnings of ABC Corporation for the period 2013-2019 is 4800 Rs. Million.

Revision Table: Understanding Financial Concepts

Additional Information: Importance of Data Accuracy

When working with financial data like sales and earnings, accuracy is key. Any error in reading or transcribing the data can lead to incorrect calculations and conclusions.

• Cross-Verification: Always double-check the numbers you extract from tables against the source data.
• Units: Pay close attention to the units (e.g., Rs. Billion vs. Rs. Million) to avoid large calculation errors.
• Specified Period: Ensure you are including data only for the exact years mentioned in the question (2013-2019 in this case), excluding years outside this range (like 2020).