The owner of a hot dog stand receives a loan of $3,750 at 8.25% for 9 months. Find the amount of simple interest.(Round to the nearest cent)
A. $320.63
B. $232.03
C. $489.65
D. $232.00
Answer: B
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According to the text, the symbols used in the assignment of codes to each possible response to each question is usually a number
Indicate whether the statement is true or false
Edward Cheezer's Inc makes and sells frozen four-cheese pizzas, New York-style. The expected selling price is $10 per pizza. The projected variable cost per pizza is $6. The estimated fixed costs per month are $10,000. The number of pizzas that must be sold to obtain a monthly profit of $20,000 is
A) 2,000 pizzas. B) 5,000 pizzas. C) 2,500 pizzas. D) 7,500 pizzas.
Information that is the same for all alternatives is considered relevant to the decision process
Indicate whether the statement is true or false
What is the correct formula to calculate break-even sales in units?
a. Fixed costs / Unit contribution margin b. Fixed costs / Contribution margin ratio c. (Fixed costs + Target profit) / Contribution margin ratio d. Difference in total costs / Difference in production