Refer to Scenario 9

question 240

Multiple Choice

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

• A) $20,000.
• B) $40,000.
• C) $60,000.
• D) $100,000.

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Definitions:

Terminal Values

End goals or objectives that individuals or organizations aim to achieve, reflecting their core beliefs and ideals.

Milton Rokeach

A psychologist known for his work on human values, attitudes, and belief systems.

Overcoming Obstacles

The act of finding solutions or ways to deal with problems or impediments that hinder progress.

Effective Goal-Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide individuals or teams.