The following data pertains to activity and utility cost for two recent periods: Activity level (units) 15,000 12,000Utility cost$24,750 $21,000 Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is:
A. Y = $1.75 X
B. Y = $6,000 + $1.25 X
C. Y = $3,750 + $1.75 X
D. Y = $1.65 X
Answer: B
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Only one continuation statement can be filed for a financing statement
Indicate whether the statement is true or false
Most private, small-business, noninvestment company offers of securities are not exempt from the registration requirements.
Answer the following statement true (T) or false (F)