The appropriate response is a Clarence Francis. Mr. Francis resigned as executive of General Foods in 1954 following 30 years with the organization and 44 years in the nourishment business. I've been a prune merchant all my grown-up life,'' he once said. He proceeded as a board individual from General Foods until 1960, when he was selected an executive emeritus. Partners said he kept going to his office at 230 Park Avenue at any rate once every week until last June.
using the payment function, a $12,000 loan for 4 years at a rate of 6%, your payment would be $281.82
Answer:
$20,000
$80,000
Explanation:
Fixed cost is the cost that does not vary with output.
Fixed costs = cost of interest + other yearly fixed cost
(0.05 x $80,000) + $16,000= $20,000
Total cost is the sum of fixed and variable cost.
Variable cost is the cost that varies with output. If output is zero, variable cost would be zero.
Total cost = fixed cost + variable cost
= $20,000 + $60,000 = $80,000
