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Your Internet Provider Charges a Fixed Monthly Fee of $20

question 70

Essay

Your internet provider charges a fixed monthly fee of $20.00 plus $0.03 cents per on-line minute. Under this plan what is your monthly internet fee if you are on-line for
A. 3 hrs ?
B. 12 hours and 40 minutes ?
C. 6 hours ?


Definitions:

Technical Services

Services that require specialized skills or knowledge, often in the fields of engineering, IT, or other technical disciplines.

Fair Value

An accounting term that refers to the estimated price at which an asset or liability could be exchanged in an arm's length transaction between knowledgeable, willing parties.

Profit On Services

Income generated from the provision of services, calculated by subtracting the cost of delivering those services from the revenue earned.

Service Fee Revenue

Income earned by a company for the provision of services to customers or clients.

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