Forever Quilting Is a Small Company That Makes Quilting Kits

question 137

Multiple Choice

Forever Quilting is a small company that makes quilting kits priced at $120 each.There is no quantity discount.The costs of the materials that go into each kit are $45.It costs $5 in labor to assemble a kit.The company has monthly expenses of $1,000 for rent and insurance,$200 for heat and electricity,$500 for advertising,and $4,500 for the monthly salary of its owner.Last month the company sold 150 kits.Forever Quilting's total revenue for the month was

• A) $4,300.
• B) $6,200.
• C) $7,500.
• D) $10,500.
• E) $18,000.

Acquire the ability to interpret financial terms of contracts and their implications on the value of deals.

Understand the calculation of maturity values and payments for fixed-term loans or deposits at given interest rates.

Understand and perform calculations for the determination of missing financial values using given interest rates and time periods.

Calculate simple and compound interest for various financial situations and investments.

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