Your Telephone Service Provider Charges a Fixed Monthly Fee of $90.00

question 40

Short Answer

Your telephone service provider charges a fixed monthly fee of $90.00 plus $0.15 cents per call for calls within Canada and $0.75 per minute for international calls. Under this plan what is your monthly phone cost if you make 150 calls within Canada and 160 minutes of international calls?

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

Reverse Stock Split

A corporate action where a company decreases the number of its outstanding shares to increase the share price without altering the company's market capitalization.

Par Value

The nominal or face value of a bond, share, or other financial instruments, which does not necessarily reflect its market value.

Debt-Equity Ratio

The debt-equity ratio is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets, often used to assess financial leverage.