Scenario 13-6 A Certain Firm Produces and Sells Staplers.Last Year,it Produced 7,000

question 22

Multiple Choice

Scenario 13-6
A certain firm produces and sells staplers.Last year,it produced 7,000 staplers and sold each stapler for $6.In producing the 7,000 staplers,it incurred variable costs of $28,000 and a total cost of $45,000.
-Refer to Scenario 13-6.The firm's fixed costs amounted to

• A) $7,000.
• B) $17,000.
• C) $28,000.
• D) $42,000.

---

Definitions:

Financial Calculation

The process of determining financial figures or results through formulas and financial models, often involving interests, payments, or investments.

Daily Interest

Interest calculated on a daily basis, often referring to the method used for savings accounts, loans, or credit cards.

Arithmetic Operations

Basic mathematical operations including addition, subtraction, multiplication, and division.

Exponential Notation

A mathematical way to write numbers using powers of a base number, commonly used for expressing very large or very small values.