Darren Runs a Barbershop with Average Fixed Costs of $60

question 45

Multiple Choice

Darren runs a barbershop with average fixed costs of $60 per day and a total output of 50 haircuts per day. Darren shuts down every year during the last week of July and the first week of August. What is his annual fixed cost if he is open six days per week?

• A) $18,000
• B) $3,000
• C) $60
• D) The answer cannot be determined with the information available.

Learn the benefits and drawbacks of using technology in family-teacher conferences.

Analyze the effectiveness of group conferences for families with language differences.

Identify strategies to improve communication between teachers and families.

Understand the importance of teacher-family relationships on student success.

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Definitions:

Educational IRA

A savings plan for education expenses that allows money to grow tax-free until funds are withdrawn to pay for qualified education costs.

Investments

Assets that are purchased with the expectation that they will generate income or appreciate in value over time.

8%

A percentage, often representing an interest rate, return on investment, or growth rate.

Annuity Contract

A financial product sold by financial institutions that provide a fixed stream of payments to an individual for a period of time.