Refer to Scenario 9.7 below to answer the question(s) that ...

[mmm]

Refer to Scenario 9.7 below to answer the question(s) that follow. 



SCENARIO 9.7: Julio borrowed $80,000 from his great aunt to open a coffee stand at a local flea market. He agrees to pay his great aunt a 5% yearly return on the money she lent him. His other yearly fixed costs equal $16,000. His variable costs equal $60,000. He sold 50,000 cups of coffee during the year at a price of $3.00 per cup.





Refer to Scenario 9.7. Julio's total costs equal

◦ $20,000.
◦ $40,000.
◦ $60,000.
◦ $80,000.

[tjayeee]

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[mmm]

Thanks for the timely response, appreciate it

[amcvicar]

Gracias!