Use the Following Information for Questions

question 23

Multiple Choice

Use the following information for questions.

-The cash paid for insurance premiums during 2017 was

• A)$ 9,100.
• B)$ 9,000.
• C)$10,700.
• D)$10,600.

---

Definitions:

Variable Costs

Costs that vary directly with the level of production or output.

Yearly Return

The percentage of increase or decrease in the value of an investment over a one-year period.

Maximize

To increase to the greatest possible amount or degree.

Minimize

To reduce something to the smallest possible level or amount.