Refer to the scenario below to answer the following question.
tom borrowed $40,000 from his pa...
Mathematics, 15.11.2019 04:31 vandarughb2875
Refer to the scenario below to answer the following question.
tom borrowed $40,000 from his parents to open a donut stand. he agrees to pay his parents a 5% yearly return on the money they lent him. his other yearly fixed costs equal $10,000. his variable costs equal $25,000. he sold 40,000 dozen donuts during the year at a price of $2.00 per dozen.
tom's profit is
Answers: 2
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