The Math Department Has $300 to Spend on a Set

question 185

Multiple Choice

The math department has $300 to spend on a set of calculators. If the calculators cost $32 each, how many calculators can the department purchase, and how much money
Will be left over?

• A)9 calculators; $2 left over
• B)9 calculators; $12 left over
• C)8 calculators; $12 left over
• D)8 calculators; $2 left over

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Definitions:

Fixed Costs

Expenses that do not change with the amount of goods or services produced by a business.

Raw Materials

The basic materials from which products are made, often extracted from natural resources and used in manufacturing processes.

Breaking Even

The point at which total revenues equal total costs, resulting in no net loss or gain.

Net Present Value

A financial metric that calculates the present value of all future cash flows associated with a project, minus the initial investment cost.