The Skulls, a Student Social Organization, Has Two Different Locations

question 37

Multiple Choice

The Skulls, a student social organization, has two different locations under consideration for constructing a new chapter house. The Skulls' president, a POM student, estimates that due to differing land costs, utility rates, etc., both fixed and variable costs would be different for each of the proposed sites, as follows

What would be the total annual costs for the Alpha Ave. location with 20 persons living there?

• A)$5,400
• B)$4,000
• C)$5,000
• D)$7,000
• E)$9,000

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Definitions:

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Annual Percentage Rate, a measure of the cost of credit, expressed as a yearly interest rate including fees and charges.

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