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Refer to Scenario 9.8 below to answer the question(s) that follow.
SCENARIO 9.8: Investors put up $1,040,000 to construct a building and purchase all equipment for a new gourmet cupcake bakery. The investors expect to earn a minimum return of 10 per cent on their investment. The bakery is open 52 weeks per year and sells 900 cupcakes per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly) . Included in the fixed costs is the 10% return to the investors and $2,000 in other fixed costs. Variable costs include $2,000 in weekly wages, and $600 per week in materials, electricity, etc. The bakery charges $8 on average per cupcake.
-Refer to Scenario 9.8. Total variable costs per week are
Adoption Studies
Research investigations that compare the traits and behaviors of adopted children to those of their biological and adoptive families, often used to understand the influence of genetics versus environment.
Heredity
The passing on of traits from parents to their offspring, either through asexual reproduction or sexual reproduction.
Environment
Consists of all the external physical and biological factors that affect an individual or organism's growth and development.
Behaviour
A pattern of actions or reactions of an organism, usually in relation to its environment.
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