The Phone Bill for Laurel Accounting Consists of Both Fixed

question 169

Multiple Choice

The phone bill for Laurel Accounting consists of both fixed and variable costs.Refer to the four month data below and apply the high-low method to answer the question.(Round your calculation to two decimal places.) $$\begin{array} { | l | r | r | } \hline & \text { Minutes } & \text { Total Bill } \\\hline \text { May } & 480 & \$ 3,000 \\\hline \text { June } & 240 & \$ 2,675 \\\hline \text { July } & 160 & \$ 2,640 \\\hline \text { August } & 320 & \$ 2,880 \\\hline\end{array}$$ What is the variable cost per minute?

• A) $1.13
• B) $0.38
• C) $1.02
• D) $0.75

Understand the duties of a principal towards the agent, including reimbursement.

Analyze the impact of external factors (e.g., bankruptcy, war, incapacitation) on the termination of agency relationships.

Understand the concept of apparent authority and its termination.

Discern the ethical and legal implications in scenarios where an agent's and principal's interests or duties conflict.

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