Use the Information Below to Answer the Following Question(s)

question 96

Multiple Choice

Use the information below to answer the following question(s) .At the high point of the relevant range, labour hours at Bradco Restoration were 10,000 and wages were $22,500.At the low point of the relevant range, labour hours were 7,500 and wages were $17,500.
-Using the high-low method determine the constant at Bradco Restoration?

• A)$17,500
• B)$13,750
• C)$2,500
• D)$1,250
• E)$750

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Definitions:

Economic Advantage

A benefit that gives an individual, business, or country a superior position in economic activities.

Motorcycle

A two-wheeled vehicle powered by an engine, designed for individual or dual riders.

Annuity Contract

A financial product offered by insurance companies that provides a series of payments at regular intervals for a specified period or for life.

Present Value

Today's value of a future monetary amount or a string of cash flows, considering a specified rate of return.