The Phone Bill for a Company Consists of Both Fixed

question 163

Multiple Choice

The phone bill for a company consists of both fixed and variable costs.Refer to the four-month data below and apply the high-low method to answer the question.

What is the variable cost per minute? (Round your answer to the nearest cent. )

• A)$1.17
• B)$6.52
• C)$0.85
• D)$0.11

Calculate the required rate of return on preferred shares.

Recognize the methodology and significance of utilizing different weights in WACC calculation.

Understand the concepts of expansionary and contractionary fiscal policies and their effects on aggregate demand and supply.

Recognize the role and examples of automatic stabilizers in smoothing economic fluctuations.

---

Definitions:

Lacrimal

Pertaining to the glands and ducts that produce and drain tears.

Cortex

The outer layer of various organs and structures, such as the brain, adrenal glands, and hair, involved in diverse functions.

Isthmus

A narrow strip of land connecting two larger bodies of land, or a narrow organ or structure connecting two larger parts.

Cervix

The lower part of the uterus in the female reproductive system, connecting the uterus to the vagina.