Answers

UQ

Answered

Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates his variable costs to be $6 per meal and fixed costs are $12,000 per month. Cliff has the capacity to serve 2,000 meals per month. At full capacity, what is Cliff's net income?

A) $12,000
B) $10,000
C) $15,000
D) $7500
E) $14,500

On Sep 28, 2024


A
UQ

Answered

Liam is investing $2,000 per year into his RRSP for five years at 3.5% compounded annually. Then he will add $1,500 every six months for the next five years at 3.75% compounded semi-annually. How much will Liam have in his account in total after 10 years?

On Sep 22, 2024


$29,245.32