Refer to Scenario 9

question 266

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 profit is

• A) $0.
• B) $20,000.
• C) $30,000.
• D) $40,000.

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Definitions:

Distinguishing Classes

The act of identifying and categorizing people based on their socio-economic status, wealth, occupation, or other social markers.

Class Records

Documents or databases that maintain academic performance and attendance of students in educational institutions.

Classified Status

A position or ranking that is assigned based on specific criteria or classifications, often used in contexts like military, security, or organizational hierarchies.

Governmental Employees

Individuals who work for local, state, or federal government agencies or departments.