Author Question: Refer to Scenario 9.1 below to answer the question(s) that follow. SCENARIO 9.1: Amy borrowed ... (Read 155 times)

DelorasTo · **on:** Apr 19, 2019

Question 1

Refer to Scenario 9.1 below to answer the question(s) that follow.

SCENARIO 9.1: Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents a 5% yearly return on the money they lent her. Her other yearly fixed costs equal $9,000. Her variable costs equal $30,000. In her first year, Amy sold 40,000 dozen at a price of $1.50 per dozen.

Refer to Scenario 9.1. Amy's total costs equal

◦ $39,000.
◦ $40,000.
◦ $50,000.
◦ $59,000.

Question 2

Refer to Scenario 9.1 below to answer the question(s) that follow.

SCENARIO 9.1: Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents a 5% yearly return on the money they lent her. Her other yearly fixed costs equal $9,000. Her variable costs equal $30,000. In her first year, Amy sold 40,000 dozen at a price of $1.50 per dozen.

Refer to Scenario 9.1. Amy's profit is

◦ $0.
◦ $20,000.
◦ $30,000.
◦ $50,000.

Jsherida · **Reply #1 on:** Apr 19, 2019

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