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The phone bill for a corporation consists of both fixed and variable costs.Refer to the 4-month data below and apply the high-low method to answer the question.
- If the company uses 380 minutes in May,how much will the total bill be?
Held-To-Maturity
A categorization for investments in fixed income securities that the investor intends and is able to hold until the date of maturity.
Fair Value Method
An accounting approach used to assess and report the value of certain assets and liabilities at their current market prices.
Cost Method
An accounting approach used to value inventory or investments based on the original purchase cost, without adjusting for market changes.
Foreign Exchange Rates
The value at which one currency can be exchanged for another.
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