Elvis Values the First Gravy Sandwich at $5,the Second at $4.50,and

question 5

Multiple Choice

Elvis values the first gravy sandwich at $5,the second at $4.50,and the third at $4.If he buys three sandwiches for $2 each,his total cost is _____

• A)$6.00.
• B)$1.50.
• C)$13.50.
• D)$9.50.
• E)$12.00.

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Definitions:

Fixed Assets

Long-term tangible assets used in the operation of a business that are not expected to be converted to cash within a year.

Full Capacity

The maximum level of output that a company can sustain within a specific period under normal operating conditions.

Sales Level

The total volume or amount of sales achieved by a business within a specified time period.

Dividend Payout Ratio

The portion of a company's earnings that is paid out to shareholders as dividends, usually expressed as a percentage.