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Author Question: Refer to Scenario 9.6 below to answer the question(s) that follow. SCENARIO 9.6: Celeste borrowed ... (Read 381 times)

khang

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Question 1

Refer to Scenario 9.6 below to answer the question(s) that follow. 



SCENARIO 9.6: Celeste borrowed $40,000 from her brother to open a car wash. She pays her brother a 5% yearly return on the money he lent her. Her other yearly fixed costs equal $18,000. Her variable costs equal $40,000. In her first year, Amy sold 40,000 car washes at a price of $2.50 per car wash.





Refer to Scenario 9.6. Celeste's total fixed costs equal


◦ $2,000.
◦ $18,000.
◦ $20,000.
◦ $22,000.

Question 2

Refer to Scenario 9.6 below to answer the question(s) that follow. 



SCENARIO 9.6: Celeste borrowed $40,000 from her brother to open a car wash. She pays her brother a 5% yearly return on the money he lent her. Her other yearly fixed costs equal $18,000. Her variable costs equal $40,000. In her first year, Amy sold 40,000 car washes at a price of $2.50 per car wash.





Refer to Scenario 9.6. Celeste's total costs equal


◦ $20,000.
◦ $40,000.
◦ $60,000.
◦ $100,000.


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Marked as best answer by khang on Apr 19, 2019

Missbam101

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