Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents a 5%
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Question:
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 to $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.
Amy's total costs equal
A. $40,000.
B. $39,000.
C. $59,000.
D. $50,000.
Related Book For
Statistics and Data Analysis for Financial Engineering
ISBN: 978-1461427490
1st edition
Authors: David Ruppert
Posted Date: